Common use of Optional Renewal Clause in Contracts

Optional Renewal. The Canadian Borrower may on any Business Day, upon notice given to the Agent not later than 12:00 noon (New York City time) on a Business Day at least two Canadian Business Days prior to the date of the proposed renewal and subject to the provisions of Section 2.13, renew all or any portion of the Bankers' Acceptances comprising part of the same Drawing; provided, however, that:

Appears in 3 contracts

Samples: Credit Agreement (Uniroyal Chemical Co Inc), Credit Agreement (Crompton & Knowles Corp), Credit Agreement (Crompton & Knowles Corp)

AutoNDA by SimpleDocs

Optional Renewal. The Canadian Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 11:00 a.m. (New York City time) on a Business Day at least two Canadian three Business Days prior to the date of the proposed renewal and subject to the provisions of Section 2.132.16, renew all or any portion of the Bankers' Acceptances and BA Equivalent Advances comprising part of the same Drawing; provided, however, that:

Appears in 1 contract

Samples: Credit Agreement (Intertape Woven Products Services S.A. De C.V.)

Optional Renewal. The Canadian Borrower may on any Business Day, upon notice ---------------- given to the Agent not later than 12:00 noon (New York City time) on a Business Day at least two Canadian Business Days prior to the date of the proposed renewal and subject to the provisions of Section 2.132.12, renew all or any portion of the Bankers' Acceptances comprising part of the same Drawing; provided, -------- however, that:: -------

Appears in 1 contract

Samples: Credit Agreement (Commercial Aggregates Transportation & Sales LLC)

Optional Renewal. The applicable Canadian Borrower may on any Business Day, upon notice given to the Administrative Agent (which may be given by telephone, which shall be promptly followed up by notice thereof by telecopier) not later than 12:00 noon (New York City time) the Applicable Time on a Business Day at least two Canadian Business Days prior to the date of the proposed renewal and subject to the provisions of Section 2.13, renew all or any portion of the Bankers' Acceptances and BA Equivalent Advances comprising part of the same Drawing; provided, however, that:

Appears in 1 contract

Samples: Credit Agreement (Ipsco Inc)

Optional Renewal. The Any Canadian Borrower may on any Canadian Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 11:00 a.m. (New York City time) on a Business Day at least two three Canadian Business Days prior to the date of the proposed renewal and subject to the provisions of Section 2.132.11, renew all or any portion of the Bankers' Acceptances and BA Equivalent Advances comprising part of the same Drawing; provided, however, that:

Appears in 1 contract

Samples: Credit Agreement (Laidlaw International Inc)

AutoNDA by SimpleDocs

Optional Renewal. The Any Canadian Borrower may on any Canadian Business Day, upon notice given to the Administrative Agent not later than 12:00 noon 11:00 a.m. (New York City time) on a Business Day at least two three Canadian Business Days prior to the date of the proposed renewal and subject to the provisions of Section 2.132.11, renew all or any portion of the Bankers' Acceptances and BA Equivalent Advances comprising part of the same Drawing; provided, however, that:

Appears in 1 contract

Samples: Credit Agreement (Laidlaw International Inc)

Optional Renewal. The Canadian Borrower may on any Business Day, upon notice given to the Administrative Agent not later than 12:00 noon Noon (New York City time) on a Business Day at least two Canadian Business Days prior to the date of the proposed renewal and subject to the provisions of Section 2.132.12, renew all or any portion of the Bankers' Acceptances comprising part of the same Drawing; provided, however, that:

Appears in 1 contract

Samples: Credit Agreement (WHX Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.