Extensions of Revolving Credit Maturity Date. (a) Provided that no Default or Event of Default has occurred and is continuing, Company may, by written notice to Agent and each Revolving Credit Lender (which notice shall be irrevocable and which shall not be deemed effective unless actually received by Agent and each Revolving Credit Lender) prior to April 30 but not before March 31st of each year, request that Revolving Credit Lenders extend the then applicable Revolving Credit Maturity Date to a date that is one year later than the Revolving Credit Maturity Date then in effect (such request, a “Request”).
Appears in 1 contract
Extensions of Revolving Credit Maturity Date. (a) Provided that no Default or Event of Default has occurred and is continuing, Company may, by written notice to Agent and each Revolving Credit Lender Bank (which notice shall be irrevocable and which shall not be deemed effective unless actually received by Agent and each Revolving Credit LenderBank) prior to April 30 June 30, but not before March 31st 31, of each yearyear beginning in 2008, request that Revolving Credit Lenders the Banks extend the then applicable Revolving Credit Maturity Date to a date that is one year later than the Revolving Credit Maturity Date then in effect (such request, referred to in this Section 2.16 as a “Request”).
Appears in 1 contract
Samples: Credit Agreement (Olympic Steel Inc)
Extensions of Revolving Credit Maturity Date. (a) Provided that no Default or Event of Default has occurred and is continuing, Company may, by written notice to Agent and each Revolving Credit Lender Bank (which notice shall be irrevocable and which shall not be deemed effective unless actually received by Agent and each Revolving Credit LenderBank) prior to April 30 June 30, but not before March 31st 31, of each yearyear beginning in 2004, request that Revolving Credit Lenders the Banks extend the then applicable Revolving Credit Maturity Date to a date that is one year later than the Revolving Credit Maturity Date then in effect (such request, referred to in this Section 2.16 as a “"Request”").
Appears in 1 contract
Samples: Credit Agreement (Olympic Steel Inc)
Extensions of Revolving Credit Maturity Date. (a) Provided that no Default or Event of Default has occurred and is continuing, Company may, by written notice to the Administrative Agent and each Revolving Credit Lender Bank (which notice shall be irrevocable and which shall not be deemed effective unless actually received by the Administrative Agent and each Revolving Credit LenderBank) prior to April 30 30, but not before March 31st April 1, of each yearyear beginning in 2005, request that Revolving Credit Lenders the Banks extend the then applicable Revolving Credit Maturity Date to a date that is one year later than the Revolving Credit Maturity Date then in effect (each such request, a “"Request”").
Appears in 1 contract
Extensions of Revolving Credit Maturity Date. (a) Provided that no Default or Event of Default has occurred and is continuing, Company may, by written notice to the Administrative Agent and each Revolving Credit Lender Bank (which notice shall be irrevocable and which shall not be deemed effective unless actually received by the Administrative Agent and each Revolving Credit LenderBank) prior to April 30 30, but not before March 31st April 1, of each yearyear beginning in 2003, request that Revolving Credit Lenders the Banks extend the then applicable Revolving Credit Maturity Date to a date that is one year later than the Revolving Credit Maturity Date then in effect (each such request, a “"Request”").
Appears in 1 contract
Extensions of Revolving Credit Maturity Date. (a) Provided that no Default or Event of Default has occurred and is continuing, Company the Borrowers may, by written notice to Agent and each Revolving Credit Lender Bank (which notice shall be irrevocable and which shall not be deemed effective unless actually received by Agent and each Revolving Credit Lenderirrevocable) prior to April 30 30, but not before March 31st April 1, of each yearyear beginning in 2003, request that Revolving Credit Lenders the Banks extend the then applicable Revolving Credit Maturity Date to a date that is one year later than the Revolving Credit Maturity Date then in effect (each such request, a “"Request”").
Appears in 1 contract
Extensions of Revolving Credit Maturity Date. (a) Provided that no Default or Event of Default has occurred and is continuing, Company may, by written notice to Agent and each Revolving Credit Lender (which notice shall be irrevocable and which shall not be deemed effective unless actually received by Agent and each Revolving Credit Lender) prior to April 30 but not before March 31st of each year, request that Revolving Credit Lenders extend the then applicable Revolving Credit Maturity Date to a date that is one year later than the Revolving Credit Maturity Date then in effect (such request, a “Request”).
Appears in 1 contract