Common use of Extending Bank Clause in Contracts

Extending Bank. The Borrower may revoke its proposal to extend the then current Commitment Termination Date by giving notice of such revocation to the Administrative Agent (which shall notify each Bank of such revocation) at any time prior to the then current Commitment Termination Date and prior to execution by the Borrower of an Extension Agreement.

Appears in 2 contracts

Sources: Credit Agreement (Duke Energy Corp), Credit Agreement (Duke Energy Corp)