Common use of Extension of Termination Date Clause in Contracts

Extension of Termination Date. At the request of the Borrowers made at least thirty (30) days, but in no event earlier than ninety (90) days, prior to the then current Termination Date, the Lender may in its sole discretion extend the Termination Date for a period to be determined by Lender in its sole discretion by giving written notice of such extension to the Borrowers no later than twenty (20) days, but in no event earlier than thirty (30) days, prior to the then current Termination Date. Any failure by the Lender to deliver such notice of extension shall be deemed to be the Lender's determination not to extend the then current Termination Date.

Appears in 6 contracts

Samples: Master Loan and Security Agreement (Aames Financial Corp/De), Master Loan and Security Agreement (New Century Financial Corp), Master Loan and Security Agreement (American Home Mortgage Holdings Inc)

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Extension of Termination Date. At the request of the Borrowers Borrower made at least thirty (30) days, but in no event earlier than ninety (90) days, prior to the then current Termination Date, the Lender may in its sole discretion extend the Termination Date for a period to be determined by Lender in its sole discretion by giving written notice of such extension to the Borrowers Borrower no later than twenty (20) days, but in no event earlier than thirty (30) days, prior to the then current Termination Date. Any failure by the Lender to deliver such notice of extension shall be deemed to be the Lender's determination not to extend the then current Termination Date.

Appears in 6 contracts

Samples: Master Loan and Security Agreement (Doral Financial Corp), Security Agreement (New Century Financial Corp), Master Loan and Security Agreement (Long Beach Financial Corp)

Extension of Termination Date. At the request of the Borrowers made at least thirty (30) days, but in no event earlier than ninety (90) days, prior to the then current Termination Date, the Lender may in its sole discretion extend the Termination Date for a period to be determined by Lender in its sole discretion by giving written notice of such extension to the Borrowers no later than twenty (20) days, but in no event earlier than thirty (30) days, prior to the then current Termination Date. Any failure by the Lender to deliver such notice of extension shall be deemed to be the Lender's ’s determination not to extend the then current Termination Date.

Appears in 2 contracts

Samples: Master Loan and Security Agreement (Aames Financial Corp/De), Master Loan and Security Agreement (Aames Investment Corp)

Extension of Termination Date. At the request of the Borrowers Borrower made at least thirty (30) days, but in no event earlier than ninety (90) days, prior to the then current Termination Date, the Lender may in its sole discretion extend the Termination Date for a period to be determined by Lender in its sole discretion of 364 days by giving written notice of such extension to the Borrowers Borrower no later than twenty (20) days, but in no event earlier than thirty (30) days, prior to the then current Termination Date. Any failure by the Lender to deliver such notice of extension shall be deemed to be the Lender's determination not to extend the then current Termination Date.

Appears in 1 contract

Samples: Master Loan and Security Agreement (Chastain Capital Corp)

Extension of Termination Date. At the request of the Borrowers made at least thirty (30) days, but in no event earlier than ninety (90) days, prior to the then current Termination Date, the Lender may in its sole discretion Agent may, at the direction of the Lender, extend the Termination Date for a period to be determined by the Lender in its their sole discretion by giving written notice of such extension to the Borrowers no later than twenty (20) days, but in no event earlier than thirty (30) days, prior to the then current Termination Date. Any failure by the Lender Agent to deliver such notice of extension shall be deemed to be the Lender's Agent’s determination not to extend the then current Termination Date.

Appears in 1 contract

Samples: Master Loan and Security Agreement (New Century Financial Corp)

Extension of Termination Date. At the request of the Borrowers Borrower made at least thirty (30) days, but in no event earlier than ninety (90) days, prior to the then current Termination Date, the Lender may in its sole discretion extend the Termination Date for a period to be determined by Lender in its sole discretion by giving written notice of such extension to the Borrowers Borrower no later than twenty (20) days, but in no event earlier than thirty (30) days, prior to the then current Termination Date. Any failure by the Lender to deliver such notice of extension shall be deemed to be the Lender's ’s determination not to extend the then current Termination Date.

Appears in 1 contract

Samples: Master Loan and Security Agreement (New Century Financial Corp)

Extension of Termination Date. At the request of the Borrowers made at least thirty ninety (3090) days, but in no event earlier than ninety one hundred twenty (90120) days, prior to the then current Termination Date, the Lender may in its sole discretion extend the Termination Date for a period to be determined requested by Borrowers and approved by Lender in its sole discretion by giving written notice of such extension to the Borrowers no later than twenty sixty (2060) days, but in no event earlier than thirty (30) days, prior to the then current Termination Date. Any failure by the Lender to deliver such notice of extension shall be deemed to be the Lender's ’s determination not to extend the then current Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Affordable Residential Communities Inc)

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Extension of Termination Date. At the request of the Borrowers made at least thirty (30) days, but in no event earlier than ninety (90) days, prior to the then current Termination Date, the Lender may in its sole discretion Agent may, at the direction of the Lenders, extend the Termination Date for a period to be determined by Lender the Lenders in its their sole discretion by giving written notice of such extension to the Borrowers no later than twenty (20) days, but in no event earlier than thirty (30) days, prior to the then current Termination Date. Any failure by the Lender Agent to deliver such notice of extension shall be deemed to be the Lender's Agent’s determination not to extend the then current Termination Date.

Appears in 1 contract

Samples: Master Loan and Security Agreement (New Century Financial Corp)

Extension of Termination Date. At the request of the Borrowers made at least thirty (30) daysBorrower, but in received no event earlier later than ninety (90) days, 30 days prior to the then current Termination Date, the Lender may in its sole discretion extend the Termination Date for a an additional period of time, to be determined by the Lender in its sole discretion discretion, by giving written notice of such extension to the Borrowers Borrower no later than twenty (20) days, but in no event earlier than thirty (30) days, 20 days prior to the then current Termination Date. Any failure by the Lender to deliver such notice of extension shall be deemed to be the Lender's determination not to extend the then current Termination Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Cityscape Financial Corp)

Extension of Termination Date. At the request of the Borrowers made at least thirty (30) daysBorrower, but in received no event earlier later than ninety (90) days, 30 days prior to the then current Termination Date, the Lender may in its sole discretion extend the Termination Date for a period of up to be determined by Lender in its sole discretion 364 days by giving written notice of such extension to the Borrowers Borrower no later than twenty (20) days, but in no event earlier than thirty (30) days, 20 days prior to the then current Termination Date. Any failure by the Lender to deliver such notice of extension shall be deemed to be the Lender's determination not to extend the then current Termination Date.

Appears in 1 contract

Samples: Master Loan and Security Agreement (Newtek Business Services Inc)

Extension of Termination Date. At the request of the Borrowers made at least thirty (30) daysBorrower, but in received no event earlier later than ninety (90) days, 30 days prior to the then current Termination Date, the Lender may in its sole discretion extend the Termination Date for a period to be determined by Lender in its sole discretion of 364 days by giving written notice of such extension to the Borrowers Borrower no later than twenty (20) days, but in no event earlier than thirty (30) days, 20 days prior to the then current Termination Date. Any failure by the Lender to deliver such notice of extension shall be deemed to be the Lender's determination not to extend the then current Termination Date.

Appears in 1 contract

Samples: Master Loan and Security Agreement (Cityscape Financial Corp)

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