Common use of Renewal of Revolving Loans; Non-Renewal of Revolving Loans; Fees Clause in Contracts

Renewal of Revolving Loans; Non-Renewal of Revolving Loans; Fees. On the Revolving Loan Maturity Date, so long as no Event of Default exists,and so long as no event has occurred that, with the passage of time, the giving of notice, or both, would constitute an Event of Default, Borrower shall have the option to request a renewal ofthe Revolving Loan Commitmentand extensionof the Revolving Loan Maturity Date for one(1)additional six(6) month period. To make such request, Borrower shall give written notice to Lender of Borrower’srequestto renew the Revolving Loan Commitment and extend the Revolving Loan Maturity Date for an additional six(6)monthperiod on or before the Revolving Loan Maturity Date. Lender may elect to accept or reject Borrower’srequest for a renewal of the Revolving Loan Commitment and extension of the Revolving Loan Maturity Date in its sole and absolute discretion. In the event Lender shall accept Borrower’srequest for renewal and extension, Borrower shall, immediately upon demand from Lender and as a condition to the renewal and extension, deliver a renewal fee to Lender equal to two percent (2%) of the then outstanding Revolving LoanCommitment.

Renewal of Revolving Loans; Non-Renewal of Revolving Loans; Fees. On Provided that Lender has not exercised its right to terminate the Revolving Loan Commitment under Section 1.1(zz), then, and only in that event, on the Revolving Loan Maturity Date, so long as no Event of Default exists,, and so long as that no event has occurred that, that with the passage of time, the giving of notice, or both, would constitute an Event of Default, Borrower Borrowers shall have the option to request a renewal ofthe of the Revolving Loan Commitmentand extensionof Commitment and extension of the Revolving Loan Maturity Date for one(1)additional six(6one (1) month additional one (1) year period. To make such request, Borrower Borrowers shall give written notice to Lender of Borrower’srequestto Borrowers’ request to renew the Revolving Loan Commitment and extend the Revolving Loan Maturity Date for an additional six(6)monthperiod one (1) year period on or before the Revolving Loan Maturity Date. Lender may elect to accept or reject Borrower’srequest Borrowers’ request for a renewal of the Revolving Loan Commitment and extension of the Revolving Loan Maturity Date in its sole and absolute discretion, based on Borrowers’ performance during the previous twelve (12) month period as well as other factors as Lender deems relevant in its sole and absolute discretion. In the event Lender shall accept Borrower’srequest accepts Borrowers’ request for renewal and extension, Borrower Borrowers shall, immediately upon demand from Lender and as a condition to the renewal and extension, deliver a renewal fee to Lender equal to two percent (2%) of the then outstanding Revolving LoanCommitmentLoan Commitment, together with any other documents, instruments and fees that be required by Lender to evidence the extension.

Renewal of Revolving Loans; Non-Renewal of Revolving Loans; Fees. On the Revolving Loan Maturity Date, so So long as no Event of Default exists,, and so long as that no event has occurred that, that with the passage of time, the giving of notice, or both, would constitute an Event of Default, Borrower Borrowers shall have the option to request a renewal ofthe of the Revolving Loan Commitmentand extensionof Commitment and extension of the Revolving Loan Maturity Date for one(1)additional six(6one (1) additional six (6) month period. To make such request, Borrower Borrowers shall give written notice to Lender of Borrower’srequestto Borrowers’ request to renew the Revolving Loan Commitment and extend the Revolving Loan Maturity Date for an additional six(6)monthperiod one (1) six (6) month period on or before the Revolving Loan Maturity Date. Lender may elect to accept or reject Borrower’srequest Borrowers’ request for a renewal of the Revolving Loan Commitment and extension of the Revolving Loan Maturity Date in its sole and absolute discretion, based on Borrowers’ performance during the previous six (6) month period as well as other factors as Lender deems relevant in its sole and absolute discretion. In the event Lender shall accept Borrower’srequest accepts Borrowers’ request for renewal and extension, Borrower Borrowers shall, immediately upon demand from Lender and as a condition to the renewal and extension, deliver a renewal fee to Lender equal to two percent (2%) of the then outstanding Revolving LoanCommitmentLoan Commitment, together with any other documents, instruments and fees that be required by Lender to evidence the extension.

Renewal of Revolving Loans; Non-Renewal of Revolving Loans; Fees. On the Revolving Loan Maturity Date, so So long as no Event of Default exists,, and so long as no event has occurred that, that with the passage of time, the giving of notice, or both, would constitute an Event of Default, Borrower shall have the option to request a renewal ofthe of the Revolving Loan Commitmentand extensionof Commitment and extension of the Revolving Loan Maturity Date for one(1)additional six(6one (1) additional six (6) month period. To make such request, Borrower shall give written notice to Lender of Borrower’srequestto Borrower’s request to renew the Revolving Loan Commitment and extend the Revolving Loan Maturity Date for an additional six(6)monthperiod six (6) month period on or before the Revolving Loan Maturity Date. Lender may elect to accept or reject Borrower’srequest Borrower’s request for a renewal of the Revolving Loan Commitment and extension of the Revolving Loan Maturity Date in its sole and absolute discretion. In the event Lender shall accept Borrower’srequest accepts Borrower’s request for renewal and extension, Borrower shall, immediately upon demand from Lender and as a condition to the renewal and extension, deliver a renewal fee to Lender equal to two four percent (24%) of the then outstanding Revolving LoanCommitmentLoan Commitment, together with any other documents, instruments and fees that be required by Lender to evidence the extension.

Renewal of Revolving Loans; Non-Renewal of Revolving Loans; Fees. On the Revolving Loan Maturity Date, so So long as no Event of Default exists,, and so long as that no event has occurred that, that with the passage of time, the giving of notice, or both, would constitute an Event of Default, Borrower shall have the option to request a renewal ofthe of the Revolving Loan Commitmentand extensionof Commitment and extension of the Revolving Loan Maturity Date for one(1)additional six(6one (1) month additional one (1) year period. To make such request, Borrower shall give written notice to Lender of Borrower’srequestto Borrower’ request to renew the Revolving Loan Commitment and extend the Revolving Loan Maturity Date for an additional six(6)monthperiod one (1) year period on or before the Revolving Loan Maturity Date. Lender may elect to accept or reject Borrower’srequest Borrower’ request for a renewal of the Revolving Loan Commitment and extension of the Revolving Loan Maturity Date in its sole and absolute discretion, based on Borrower’ performance during the previous twelve (12) month period as well as other factors as Lender deems relevant in its sole and absolute discretion. In the event Lender shall accept Borrower’srequest accepts Borrower’ request for renewal and extension, Borrower shall, immediately upon demand from Lender and as a condition to the renewal and extension, deliver a renewal fee to Lender equal to two percent (2%) of the then outstanding Revolving LoanCommitmentLoan Commitment, together with any other documents, instruments and fees that be required by Lender to evidence the extension.

Renewal of Revolving Loans; Non-Renewal of Revolving Loans; Fees. On the Revolving Loan Maturity Date, so long as no Event of Default exists,, and so long as no event has occurred that, with the passage of time, the giving of notice, or both, would constitute an Event of Default, Borrower shall have the option to request a renewal ofthe of the Revolving Loan Commitmentand extensionof Commitment and extension of the Revolving Loan Maturity Date for one(1)additional six(6one (1) additional six (6) month period. To make such request, Borrower shall give written notice to Lender of Borrower’srequestto Borrower’s request to renew the Revolving Loan Commitment and extend the Revolving Loan Maturity Date for an additional six(6)monthperiod six (6) month period on or before the Revolving Loan Maturity Date. Lender may elect to accept or reject Borrower’srequest Borrower’s request for a renewal of the Revolving Loan Commitment and extension of the Revolving Loan Maturity Date in its sole and absolute discretion, which such acceptance shall not be unreasonably withheld. In the event Lender shall accept Borrower’srequest Borrower’s request for renewal and extension, Borrower shall, immediately upon demand from Lender and as a condition to the renewal and extension, deliver a renewal fee to Lender equal to two percent (2%) of the then outstanding Revolving LoanCommitmentLoan Commitment.