Common use of Extensions and Amendments Clause in Contracts

Extensions and Amendments. The Agent shall not be obligated to cause the Letter of Credit Issuer to extend or amend any Letter of Credit or Credit Support issued pursuant hereto unless the requirements of this Section 1.3 are met as though a new Letter of Credit or Credit Support were being requested and issued. With respect to any Letter of Credit or Credit Support which contains any "evergreen" or automatic renewal provision, each Lender shall be deemed to have consented to any such extension or renewal unless such Lender shall have provided to the Agent, written notice that it declines to consent to any such extension or renewal at least thirty (30) days prior to the date on which the Letter of Credit Issuer is entitled to decline to extend or renew the Letter of Credit or Credit Support; provided that, notwithstanding the foregoing, if all of the requirements of this Section 1.3 are met and no Default or Event of Default has occurred and is continuing, no Lender may decline to consent to any such extension or renewal.

Appears in 2 contracts

Samples: Credit Agreement (Texas Petrochemical Holdings Inc), Credit Agreement (Daisytek International Corporation /De/)

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Extensions and Amendments. The Agent shall not be obligated to cause the Letter of Credit Issuer to extend or amend any Letter of Credit or Credit Support issued pursuant hereto unless the requirements of this Section 1.3 1.4 are met as though a new Letter of Credit or Credit Support were being requested and issued. With respect to any Letter of Credit or Credit Support which contains any "evergreen" or automatic renewal provision, each Lender shall be deemed to have consented to any such extension or renewal unless such Lender shall have provided to the Agent, written notice that it declines to consent to any such extension or renewal at least thirty (30) days prior to the date on which the Letter of Credit Issuer is entitled to decline to extend or renew the Letter of Credit or Credit Support; , provided that, notwithstanding the foregoing, if all of the requirements of this Section 1.3 1.4 are met and no Default or Event of Default has occurred and is continuing, no Lender may decline to consent to any such extension or renewal.

Appears in 1 contract

Samples: Credit Agreement (Egl Inc)

Extensions and Amendments. The Agent Agents shall not be obligated to cause the Letter of Credit Issuer to extend extend, renew, or amend any Letter of Credit or Credit Support issued pursuant hereto unless the requirements of this Section 1.3 2.4 are met as though a new Letter of Credit or Credit Support were being requested and issued. With respect to any Letter of Credit or Credit Support which that contains any "evergreen" or automatic renewal provision, each Revolving Lender shall be deemed to have consented to any such extension or renewal unless such Revolving Lender shall have provided to the Agent, each Agent written notice that it such Revolving Lender declines to consent to any such extension or renewal at least thirty (30) 30 days prior to the date on which the Letter of Credit Issuer is entitled to decline to extend or renew the such Letter of Credit or Credit SupportCredit; provided that, notwithstanding the foregoing, if all of the requirements of this Section 1.3 2.4 are met and no Default or Event of Default has occurred and is continuingexists, no Revolving Lender may decline to consent to any such extension or renewal.

Appears in 1 contract

Samples: Loan and Security Agreement (Ahern Rentals Inc)

Extensions and Amendments. The Administrative Agent shall not be obligated to cause the Letter of Credit Issuer to extend extend, renew, or amend any Letter of Credit or Credit Support issued pursuant hereto unless the requirements of this Section 1.3 2.4 are met as though a new Letter of Credit or Credit Support were being requested and issued. With respect to any Letter of Credit or Credit Support which that contains any "evergreen" or automatic renewal provision, each Lender shall be deemed to have consented to any such extension or renewal unless such Lender shall have provided to the Agent, Administrative Agent written notice that it such Lender declines to consent to any such extension or renewal at least thirty (30) 30 days prior to the date on which the Letter of Credit Issuer is entitled to decline to extend or renew the such Letter of Credit or Credit SupportCredit; provided that, notwithstanding the foregoing, if all of the requirements of this Section 1.3 2.4 are met and no Default or Event of Default has occurred and is continuingexists, no Lender may decline to consent to any such extension or renewal.

Appears in 1 contract

Samples: Loan and Security Agreement (Mercury Air Group Inc)

Extensions and Amendments. The Agent shall not be obligated to cause the Letter of Credit Issuer to extend extend, renew, or amend any Letter of Credit or Credit Support issued pursuant hereto unless the requirements of this Section 1.3 2.03(d) are met as though a new Letter of Credit or Credit Support were being requested and issued. With respect to any Letter of Credit or Credit Support which that contains any "evergreen" or automatic renewal provision, each Lender shall be deemed to have consented to any such extension or renewal unless such Lender shall have provided to the Agent, Agent and the Borrowers written notice that it such Lender declines to consent to any such extension or renewal at least thirty (30) 30 days prior to the date on which the Letter of Credit Issuer is entitled to decline to extend or renew the such Letter of Credit or Credit SupportCredit; provided provided, that, notwithstanding the foregoing, if all of the requirements of this Section 1.3 2.03(d) are met and no Default or Event of Default has occurred and is continuing, no Lender may decline to consent to any such extension or renewal.

Appears in 1 contract

Samples: Loan Agreement (Jeffboat LLC)

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Extensions and Amendments. The Agent shall not be obligated to cause the Letter of Credit Issuer to extend extend, renew, or amend any Letter of Credit or Credit Support issued pursuant hereto unless the requirements of this Section 1.3 2.03(d) are met as though a new Letter of Credit or Credit Support were being requested and issued. With respect to any Letter of Credit or Credit Support which that contains any "evergreen" or automatic renewal provision, each Lender shall be deemed to have consented to any such extension or renewal unless such Lender shall have provided to the Agent, Agent and the Borrowers written notice that it such Lender declines to consent to any such extension or renewal at least thirty (30) 30 days prior to the date on which the Letter of Credit Issuer is entitled to decline to extend or renew the such Letter of Credit or Credit SupportCredit; provided that, notwithstanding the foregoing, if all of the requirements of this Section 1.3 2.03(d) are met and no Default or Event of Default has occurred and is continuing, no Lender may decline to consent to any such extension or renewal.

Appears in 1 contract

Samples: Loan Agreement (American Barge Line Co)

Extensions and Amendments. The Agent shall not ------------------------- be obligated to cause the Letter of Credit Issuer to extend or amend any Letter of Credit or Credit Support issued pursuant hereto unless the requirements of this Section 1.3 1.4 ----------- are met as though a new Letter of Credit or Credit Support were being requested and issued. With respect to any Letter of Credit or Credit Support which contains any "evergreen" or automatic renewal provision, each Lender shall be deemed to have consented to any such extension or renewal unless such Lender shall have provided to the Agent, written notice that it declines to consent to any such extension or renewal at least thirty (30) days prior to the date on which the Letter of Credit Issuer is entitled to decline to extend or renew the Letter of Credit or Credit Support; , provided that, notwithstanding the foregoing, if all of the requirements of this Section 1.3 1.4 are met and no Default or ----------- Event of Default has occurred and is continuing, no Lender may decline to consent to any such extension or renewal.

Appears in 1 contract

Samples: Credit Agreement (Encore Medical Corp)

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