Common use of Original Term of Commitments Clause in Contracts

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 as provided in SECTION 5.2 hereof the Commitments shall be in effect from the date hereof, through the close of business on April 30, 2003 (the "Original Term"), and shall automatically renew for 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 (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 (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 as provided in SECTION 5.2 hereof hereof, the Commitments shall be in effect from the date hereof, Original Closing Date through the close of business on April 30May 11, 2003 2007 (the "Original Term"), and shall automatically renew for 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 (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 as provided in SECTION Section 5.2 hereof hereof, the Commitments shall be in effect for a period of 5 years from the date hereof, through the close of business on April 30November 10, 2003 (the "Original Term"), and shall automatically renew for 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 (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 or upon termination of the Commitments as provided in SECTION 5.2 hereof 6.2 hereof, the Commitments shall be in effect for a period of 2 years from the date hereof, through the close of business on April 30August 23, 2003 (the "Original Term"), and shall automatically renew for one-year periods thereafter (each a "Renewal Term"), unless terminated as provided in SECTION 5.2 6.2 hereof.

Appears in 1 contract

Samples: Financing Agreement (Emerge Interactive Inc)

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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 as provided in SECTION are terminated pursuant to Section 5.2 hereof hereof, the Commitments shall be in effect for a period of four (4) years from the date last day of the month hereof, through the close of business on April 30and including February 28, 2003 2001 (the "Original Term"), and the Commitments shall automatically renew for one-one (1) 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 (Dan River Inc /Ga/)

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