No Obligation to Extend Sample Clauses

POPULAR SAMPLE Copied 3 times
No Obligation to Extend. Notwithstanding Borrower’s right to extend the Initial Maturity Date of the Facility as set forth hereinabove, Borrower hereby agrees that Lenders shall have no commitment or obligation to extend the Initial Maturity Date, unless each of the conditions set forth in Section 2.7(b)(i) or (ii), as applicable, above shall have been satisfied.
No Obligation to Extend. Borrower acknowledges and agrees that, notwithstanding anything to the contrary set forth in this Amendment, Bank has no obligation to further amend the Financing Agreements or otherwise restructure the indebtedness described in this Amendment, and that neither Bank nor its representatives have made any agreements with, or commitments or representations or warranties to, Borrower (either in writing or orally) other than as expressly stated in this Amendment. Nothing contained in this Amendment, or any compliance with the terms of this Amendment or any of the instruments, agreements or documents referred to in this Amendment, shall impose any obligation on the part of Bank to consummate a further restructure of the indebtedness described in this Amendment or provide any further financial or other accommodation.
No Obligation to Extend. Notwithstanding Maker's right to ----------------------- extend the Maturity Date of the Loan as set forth hereinabove, Maker hereby agrees that Payee shall have no commitment or obligation to extend the Maturity Date beyond January 12, 2004.
No Obligation to Extend. During the final year of this Agreement, the parties shall engage in good faith discussions regarding an extension of this Agreement. Neither party has an obligation of any kind to extend or supplement this Agreement, or enter into a new services agreement after the expiration of this Agreement.
No Obligation to Extend. 1.3.1 DFAT is not obliged to extend this agreement or to enter into any further agreement with the Service Provider on the same or different terms.
No Obligation to Extend. Borrower acknowledges that (i) Lender has not made any representations to Borrower regarding its intent to agree to Extension Requests, and (ii) Lender’s agreement to one or more Extension Requests shall not commit Lender to any additional Extension Requests.
No Obligation to Extend. MWA’s right to extend the initial term, as set forth in Paragraph A above, is not intended, and shall not be construed, to obligate MWA to extend the initial term of this Contract.
No Obligation to Extend. The Parties expressly acknowledge that in the event Lessee fails to purchase Site 3 pursuant to the terms of the Development Agreement and Purchase Agreement, the City shall not be obligated to extend, renew or otherwise amend this Lease, the Development Agreement, or the Purchase Agreement for any additional terms beyond the Renewal Terms set forth in Section 4(B)(2). In the event the Lease, Development Agreement, or the Purchase Agreement are terminated, expired or otherwise cancelled, Lessee acknowledges any Improvements installed by Lessee upon, over and under the Lease Premises shall become the property of the City without further action or instrument of conveyance. Thereafter Lessee shall have no right, claim or ownership interest in any Improvement then existing on Site 3.
No Obligation to Extend. The Account Party hereby agrees that the Issuing Bank has no commitment or obligation to extend the Expiration Date beyond December 9, 2003, unless each of the conditions for the Extension Period set forth in Section 2.2 above shall have been satisfied or waived by the Agent and the Issuing Bank with respect to such Extension Period. No extension (other than an extension at the Issuing Bank's election pursuant to Section 2.2(a)(x)) shall be effective unless and until the Agent has confirmed, in writing, the Account Party's compliance or waiver with all conditions precedent to the extension of the Expiration Date.

Related to No Obligation to Extend

  • No Obligation to Mitigate The Executive shall not be required to mitigate damages or the amount of any payment provided for under this Agreement by seeking other employment or otherwise, nor, except as set forth in Section 4(d), shall the amount of any payment provided for under this Agreement be reduced by any compensation earned by the Executive as the result of employment by another employer after the Date of Termination, or otherwise.

  • No obligation to monitor No Finance Party is bound to monitor or verify the utilisation of the Facility.

  • No Obligation to Employ Nothing in the Plan or this Agreement shall confer on the Participant any right to continue in the employ of, or other relationship with, the Company or any Parent, Subsidiary or Affiliate or limit in any way the right of the Company or any Parent, Subsidiary or Affiliate to terminate the Participant’s employment or service relationship at any time, with or without cause.

  • Right to Extend Dealer may postpone any Settlement Date or any other date of valuation or delivery, with respect to some or all of the relevant Settlement Shares, if Dealer determines, based on advice of counsel, that such extension is reasonably necessary or appropriate to enable Dealer to effect purchases of Shares in connection with its hedging activity hereunder in a manner that would, if Dealer were Counterparty or an affiliated purchaser of Counterparty, be in compliance with applicable legal and regulatory requirements.

  • Option to Extend Provided (i) Tenant (as used in this Section 16.16, the term "Tenant" shall also include any Permitted Transferee that succeeds to Tenant's interest under Article 11, above) is not in Default hereunder at the time it exercises this option, (ii) the creditworthiness of Tenant is no less than on the date hereof, (iii) Tenant originally named herein remains in possession of all or substantially all of the Leased Premises, Tenant shall have the option to extend the Original Term for three (3) successive periods of five (5) years each (the "Extension Term(s)"). The Extension Term shall be upon the same terms and conditions contained in the Lease during the initial Lease Term (the "Original Term") except (i) this provision giving five (5) extension options shall be amended to reflect the remaining options to extend, if any and (ii) the Minimum Annual Rent shall be adjusted as set forth below (the "Rent Adjustment"). Tenant shall exercise such option by (i) delivering to Landlord, no later than sixteen (16) months prior to the expiration of the Original Term or, if applicable, the Extension Term, written notice of Tenant's desire to extend the Original Term or, if applicable, the Extension Term, and (ii) delivering to Landlord within fifteen (15) business days of receipt of the Rent Adjustment, written notice of its rejection thereof (which rejection shall terminate Tenant's option to extend), or that Tenant disputes Landlord's determination of the Rental Adjustment and shall include Tenant's good faith determination of what the Rental Adjustment should be. In the case of a notice disputing the Rental Adjustment, Landlord and Tenant shall mutually work together for a period of ten (10) days to resolve the dispute and, if unable to agree upon the Rental Adjustment within said period, Landlord and Tenant shall in good faith participate in non-binding arbitration of the Rental Adjustment for a period of thirty (30) days. Unless Landlord otherwise agrees in writing, Tenant's failure to timely exercise such option shall waive it and any succeeding option. Landlord shall notify Tenant of the amount of the Rent Adjustment no later than sixty (60) days after receipt of Tenant's exercise of its option. If Tenant properly exercises its option to extend, Landlord and Tenant shall execute an amendment to the Lease reflecting the terms and conditions of the Extension Term. The Minimum Annual Rent for the applicable Extension Term shall be an amount equal to the Minimum Annual Rent then being quoted by Landlord to prospective tenants of the Building for space of comparable size and quality and with similar or equivalent improvements as are found in the Building, and if none, then in similar buildings in the vicinity, excluding free rent and other concessions. The Minimum Monthly Rent shall be an amount equal to one-twelfth (1/12) of the Minimum Annual Rent for the Extension Term and shall be paid at the same time and in the same manner as provided in the Lease.