Expiration; No Further Extension Implied. The Borrowers and the Guarantors acknowledge that the Agent and the Lenders have no obligation to extend the term of the Restructuring Period or refrain from enforcing their rights and remedies before the end of the Restructuring Period in the event of any failure of any one or more of the terms and conditions expressed herein, that no course of dealing that would permit arguing for further extensions contrary to the Lenders' wishes exists or is capable of being inferred, and that nothing contained herein or otherwise is intended to be a promise or agreement to continue to extend the term of the Restructuring Period beyond January 31, 2002 or to extend any further credit to the Borrowers. Furthermore, no future agreement by the Agent and the Lenders to continue to extend the term of the Restructuring Period beyond January 31, 2002 or any other agreement shall be valid or enforceable unless it is contained in a final written agreement signed by authorized representatives of the Agent and the Lenders. Preliminary understandings or agreements on
Appears in 1 contract
Sources: Credit Agreement (Lason Inc)
Expiration; No Further Extension Implied. The Borrowers and the Guarantors Loan Parties acknowledge that the Agent and the Lenders Banks have no obligation to extend the term of the Restructuring Period or refrain from enforcing their rights and remedies before the end of the Restructuring Period in the event of any failure of any one or more of the terms and conditions expressed herein, that no course of dealing that would permit arguing for further extensions contrary to the Lenders' Banks’ wishes exists or is capable of being inferred, and that nothing contained herein or otherwise is intended to be a promise or agreement to continue to extend the term of the Restructuring Period beyond January 31June 28, 2002 or to extend any further credit to the BorrowersLoan Parties beyond June 28, 2002. Furthermore, no future agreement by the Agent and the Lenders Banks to continue to extend the term of the Restructuring Period beyond January 31June 28, 2002 or any other agreement shall be valid or enforceable unless it is contained in a final written agreement signed by authorized representatives of the Agent and the LendersBanks. Preliminary understandings or agreements onon one or more issues during the course of any negotiations and prior to the finalization thereof shall not be binding unless and until such a final written agreement is executed on behalf of the applicable parties.
Appears in 1 contract
Expiration; No Further Extension Implied. The Borrowers and the Guarantors Loan Parties acknowledge that the Agent and the Lenders Banks have no obligation to extend the term of the Restructuring Period or refrain from enforcing their rights and remedies before the end of the Restructuring Period in the event of any failure of any one or more of the terms and conditions expressed herein, that no course of dealing that would permit arguing for further extensions contrary to the LendersBanks' wishes exists or is capable of being inferred, and that nothing contained herein or otherwise is intended to be a promise or agreement to continue to extend the term of the Restructuring Period beyond January 31April 30, 2002 or to extend any further credit to the BorrowersLoan Parties beyond April 30, 2002. Furthermore, no future agreement by the Agent and the Lenders Banks to continue to extend the term of the Restructuring Period beyond January 31April 30, 2002 or any other agreement shall be valid or enforceable unless it is contained in a final written agreement signed by authorized representatives of the Agent and the LendersBanks. Preliminary understandings or agreements onon one or more issues during the course of any negotiations and prior to the finalization thereof shall not be binding unless and until such a final written agreement is executed on behalf of the applicable parties.
Appears in 1 contract
Expiration; No Further Extension Implied. The Borrowers and the Guarantors Loan Parties acknowledge that the Agent and the Lenders Banks have no obligation to extend the term of the Restructuring Period or refrain from enforcing their rights and remedies before the end of the Restructuring Period in the event of any failure of any one or more of the terms and conditions expressed herein, that no course of dealing that would permit arguing for further extensions contrary to the Lenders' Banks’ wishes exists or is capable of being inferred, and that nothing contained herein or otherwise is intended to be a promise or agreement to continue to extend the term of the Restructuring Period beyond January 31April 30, 2002 2003 or to extend any further credit to the BorrowersLoan Parties beyond April 30, 2003. Furthermore, no future agreement by the Agent and the Lenders Banks to continue to extend the term of the Restructuring Period beyond January 31April 30, 2002 2003 or any other agreement shall be valid or enforceable unless it is contained in a final written agreement signed by authorized representatives of the Agent and the LendersBanks. Preliminary understandings or agreements onon one or more issues during the course of any negotiations and prior to the finalization thereof shall not be binding unless and until such a final written agreement is executed on behalf of the applicable parties.
Appears in 1 contract
Expiration; No Further Extension Implied. The Borrowers and the Guarantors acknowledge that the Agent and the Lenders have no obligation to extend the term of the Restructuring Period or refrain from enforcing their rights and remedies before the end of the Restructuring Period in the event of any failure of any one or more of the terms and conditions expressed herein, that no course of dealing that would permit arguing for further extensions contrary to the Lenders' wishes exists or is capable of being inferred, and that nothing contained herein or otherwise is intended to be a promise or agreement to continue to extend the term of the Restructuring Period beyond January 31September 14, 2002 2001 or to extend any further credit to the Borrowers. Furthermore, no future agreement by the Agent and the Lenders to continue to extend the term of the Restructuring Period beyond January 31September 14, 2002 2001 or any other agreement shall be valid or enforceable unless it is contained in a final written agreement signed by authorized representatives of the Agent and the Lenders. Preliminary understandings or agreements onon one or more issues during the course of any negotiations and prior to the finalization thereof shall not be binding unless and until such a final written agreement is executed on behalf of the applicable parties.
Appears in 1 contract
Sources: Credit Agreement (Lason Inc)