Common use of Expiration; No Further Extension Implied Clause in Contracts

Expiration; No Further Extension Implied. The Borrower and the Guarantors acknowledge that the holders of the Notes have no obligation to extend the term of the Restructuring Period, or forbear 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 holders' 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 November 30, 2001. Furthermore, no future agreement by the holders of the Notes to continue to extend the term of the Restructuring Period beyond November 30, 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 holders of the Notes. Preliminary understandings or agreements on 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.

Expiration; No Further Extension Implied. The Borrower and the existing Guarantors and Affiliate Guarantors acknowledge that the holders of Administrative Agent and the Notes Lenders have no obligation to extend the term of the Restructuring Period, Period or forbear 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 holdersLenders' 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 November 30April 15, 20012003 or to extend any further credit to the Borrower. Furthermore, no future agreement by the holders of Administrative Agent and the Notes Lenders to continue to extend the term of the Restructuring Period beyond November 30April 15, 2001 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 holders of Administrative Agent and the NotesLenders. Preliminary understandings or agreements on 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.