Common use of Original Term of Commitments Clause in Contracts

Original Term of Commitments. Subject to each Lender's right to cease making Loans to Borrower when any Default or Event of Default exists or the Commitments are terminated pursuant to Section 5.2 hereof, the Commitments shall be in effect for a period of four (4) years from the last day of the month hereof, through and including February 28, 2001 (the "Original Term"), and the Commitments shall automatically renew for one (1) year periods thereafter (each a "Renewal Term"), unless terminated as provided in Section 5.2 hereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Dan River Inc /Ga/)

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Original Term of Commitments. Subject to each Lender's right to cease making Loans and other extensions of credit to Borrower when any Default or Event of Default exists or upon termination of the Commitments are terminated pursuant to Section 5.2 as provided in SECTION 6.2 hereof, the Commitments shall be in effect for a period of four (4) 2 years from the last day of the month date hereof, through and including February 28the close of business on August 23, 2001 2003 (the "Original Term"), and the Commitments shall automatically renew for one (1) one-year periods thereafter (each a "Renewal Term"), unless terminated as provided in Section 5.2 SECTION 6.2 hereof.

Appears in 1 contract

Samples: Financing Agreement (Emerge Interactive Inc)

Original Term of Commitments. Subject to each Lender's right to cease making Loans and other extensions of credit to Borrower when any Default or Event of Default exists or upon termination of the Commitments are terminated pursuant to as provided in Section 5.2 hereof, the Commitments shall be in effect for a period of four (4) 5 years from the last day of the month date hereof, through and including February 28the close of business on May __, 2001 2007 (the "Original Term"), and the Commitments shall automatically renew for one (1) year periods thereafter (each a "Renewal Term"), unless terminated as provided in Section 5.2 hereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Dixie Group Inc)

Original Term of Commitments. Subject to each Lender's right to cease making Loans and other extensions of credit to Borrower when any Default or Event of Default exists or upon termination of the Commitments are terminated pursuant to Section as provided in SECTION 5.2 hereof, hereof the Commitments shall be in effect for a period of four (4) years from the last day of the month date hereof, through and including February 28the close of business on April 30, 2001 2003 (the "Original Term"), and the Commitments shall automatically renew for one (1) one-year periods thereafter (each a "Renewal Term"), unless terminated as provided in Section SECTION 5.2 hereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Amerigroup Corp)

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Original Term of Commitments. Subject to each Lender's right to cease making Loans and other extensions of credit to Borrower when any Default or Event of Default exists or upon termination of the Commitments are terminated pursuant to as provided in Section 5.2 hereof, the Commitments shall be in effect for a period of four (4) 5 years from the last day of the month date hereof, through and including February 28the close of business on November 10, 2001 2003 (the "Original Term"), and the Commitments shall automatically renew for one (1) one-year periods thereafter (each a "Renewal Term"), unless terminated as provided in Section 5.2 hereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Metromedia International Group Inc)

Original Term of Commitments. Subject to each Lender's right to cease making Loans and other extensions of credit to Borrower when any Default or Event of Default exists (provided, that each Lender's obligation vis-a-vis Agent shall be governed by SECTION 3.1.2 hereof) or upon termination of the Commitments are terminated pursuant to Section as provided in SECTION 5.2 hereof, the Commitments shall be in effect for a period of four (4) years from the last day Original Closing Date through the close of the month hereofbusiness on May 11, through and including February 28, 2001 2007 (the "Original Term"), and the Commitments shall automatically renew for one (1) year periods thereafter (each a "Renewal Term"), unless terminated as provided in Section 5.2 hereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Dixie Group Inc)

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