Term; Automatic Renewal. (a) This Agreement shall become effective upon the execution and delivery hereof by Borrower and the Lender Group and shall continue in full force and effect for a term ending on the date (the "Renewal Date") that is three (3) years from the Closing Date and automatically shall be renewed for successive one year periods thereafter, unless sooner terminated pursuant to the terms hereof.
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Samples: Loan and Security Agreement (Convergent Communications Inc /Co)
Term; Automatic Renewal. (a) This Agreement shall become effective upon the execution and delivery hereof by Borrower and the Lender Group and shall continue in full force and effect for a term ending on the date (the "Renewal Date") that is three (3) 3 years from the Closing Date and automatically shall be renewed for successive one (1) year periods thereafter, unless sooner terminated pursuant to the terms hereof.
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Term; Automatic Renewal. (a) This Agreement shall become effective upon the execution and delivery hereof by Borrower and the Lender Group and shall continue in full force and effect for a term ending on the date (the "Renewal Date") that is three (3) 3 years from the Closing Date and automatically shall be renewed for successive one 1 year periods thereafter, unless sooner terminated pursuant to the terms hereof.
Appears in 1 contract
Samples: Loan and Security Agreement (Southwest Royalties Holdings Inc)
Term; Automatic Renewal. (a) This Agreement shall become effective upon the execution and delivery hereof by Borrower Borrower, the Loan Agreement Guarantors and the Lender Group Foothill and shall continue in full force and effect for a term ending on the date (the "Renewal Date") that is three five (35) years from the Closing Date and automatically shall be renewed for successive one (1) year periods thereafter, unless sooner terminated pursuant to the terms hereof.
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