Common use of Line of Credit Commitment Clause in Contracts

Line of Credit Commitment. The last sentence of paragraph 2.3 of the Loan Agreement is hereby amended in its entirety to read as follows: This commitment shall expire, unless earlier terminated at 2:00 p.m., Tulsa, Oklahoma time on May 1, 1998.

Appears in 2 contracts

Sources: Loan Agreement (Home Stake Oil & Gas Co), Loan Agreement (Home Stake Royalty Corp /Ok/)

Line of Credit Commitment. The last sentence of paragraph Paragraph 2.3 of the Loan Agreement is hereby amended in its entirety to read as follows: This commitment shall expire, unless earlier terminated at 2:00 p.m., p.m. Tulsa, Oklahoma Oklahoma, time on May 1, 19982000, unless the Lender and Borrower agree to an extension hereof; provided however, that nothing herein shall constitute an agreement on the part of the Lender to grant an extension hereof.

Appears in 1 contract

Sources: Loan Agreement (Home Stake Oil & Gas Co)