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

Sources: Master Loan and Security Agreement (Aames Financial Corp/De), Master Loan and Security Agreement (American Business Financial Services Inc /De/), Master Loan and Security Agreement (American Home Mortgage Holdings Inc)

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

Sources: Master Loan and Security Agreement (Doral Financial Corp), Master Loan and Security Agreement (Aames Financial Corp/De), Master Loan and Security Agreement (New Century Financial Corp)

Extension of Termination Date. At the request of the Borrowers made Borrower, at least thirty (30) days, but in no event earlier than ninety (90) days, 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 more 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 3 contracts

Sources: Master Loan and Security Agreement (Aames Financial Corp/De), Master Loan and Security Agreement (E Loan Inc), Master Loan and Security Agreement (Source One Mortgage Services Corp)

Extension of Termination Date. At the request of the Borrowers made Borrower, ----------------------------- at least thirty (30) days, but in no event earlier than ninety (90) days, 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 2 contracts

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

Extension of Termination Date. At the request of the Borrowers Borrowers, which request must be made at least thirty (30) days, but in no event earlier than ninety (90) days, 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 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 2 contracts

Sources: Master Loan and Security Agreement (Hanover Capital Mortgage Holdings Inc), Master Loan and Security Agreement (Hanover Capital Mortgage Holdings Inc)

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

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

Extension of Termination Date. At the request of the Borrowers Borrower, which request must be made at least thirty (30) days, but in no event earlier than ninety (90) days, 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

Sources: Master Loan and Security Agreement (Hanover Capital Mortgage Holdings Inc)

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

Sources: 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

Sources: Credit Agreement (Affordable Residential Communities Inc)