Common use of Original Term of Commitments Clause in Contracts

Original Term of Commitments. Subject to each Lender's right to cease making Loans to Borrower when any Default or Event of Default exists or the Commitments are terminated pursuant to Section 5.2 hereof, the Commitments shall be in effect for a period of four (4) years from the last day of the month hereof, through and including February 28, 2001 (the "Original Term"), and the Commitments shall automatically renew for one (1) year periods thereafter (each a "Renewal Term"), unless terminated as provided in Section 5.2 hereof.

Appears in 1 contract

Sources: Loan and Security Agreement (Dan River Inc /Ga/)

Original Term of Commitments. Subject to each Lender's right to cease making Loans and other extensions of credit to Borrower Borrowers when any Default or Event of Default exists or upon termination of the Commitments are terminated pursuant to as provided in Section 5.2 hereof, the Commitments shall be in effect for a period of four (4) three years from the last day of the month date hereof, through and including February 28the close of business on August 1, 2001 2008 (the "Original Term"), and the Commitments shall automatically renew for one (1) year periods thereafter (each a "Renewal Term"), unless terminated as provided in Section 5.2 hereof.

Appears in 1 contract

Sources: Loan and Security Agreement (Integrated Electrical Services Inc)

Original Term of Commitments. Subject to each Lender's ’s right to cease making Loans and other extensions of credit to Borrower Borrowers when any Default or Event of Default exists or upon termination of the Commitments are terminated pursuant to as provided in Section 5.2 hereof, the Commitments shall be in effect for a period of four (4) 5 years from the last day of the month date hereof, through and including February 28the close of business on May 15, 2001 2007 (the "Original Term"), and the Commitments shall automatically renew for one (1) year periods thereafter (each a "Renewal Term"), unless terminated as provided in Section 5.2 hereof.

Appears in 1 contract

Sources: Loan and Security Agreement (Rowe Companies)

Original Term of Commitments. Subject to each Lender's ’s right to cease making Loans and other extensions of credit to Borrower Borrowers when any Default or Event of Default exists or upon termination of the Commitments are terminated pursuant to as provided in Section 5.2 hereof, the Commitments shall be in effect for a period of four (4) two years from the last day of the month date hereof, through and including February 28the close of business on May 12, 2001 2008 (the "Original Term"), and the Commitments shall automatically renew for one (1) year periods thereafter (each a "Renewal Term"), unless terminated as provided in Section 5.2 hereof.

Appears in 1 contract

Sources: Loan and Security Agreement (Integrated Electrical Services Inc)

Original Term of Commitments. Subject to each Lender's right to cease making Loans and other extensions of credit to Borrower when any Default or Event of Default exists or upon termination of the Commitments are terminated pursuant to as provided in Section 5.2 hereof, the Commitments shall be in effect for a period of four (4) 5 years from the last day of the month date hereof, through and including February 28the close of business on May __, 2001 2007 (the "Original Term"), and the Commitments shall automatically renew for one (1) year periods thereafter (each a "Renewal Term"), unless terminated as provided in Section 5.2 hereof.

Appears in 1 contract

Sources: Loan and Security Agreement (Dixie Group Inc)

Original Term of Commitments. Subject to each Lender's ’s right to cease making Loans and other extensions of credit to Borrower Borrowers when any Default or Event of Default exists or upon termination of the Commitments are terminated pursuant to as provided in Section 5.2 hereof, the Commitments shall be in effect for a period of four (4) 4 years from the last day of the month date hereof, through and including February 28the close of business on March 31, 2001 2014 (the "Original Term"), and the Commitments shall automatically renew for one (1) year periods thereafter (each a "Renewal Term"), unless terminated as provided in Section 5.2 hereof.

Appears in 1 contract

Sources: Loan and Security Agreement (Standard Register Co)

Original Term of Commitments. Subject to each Lender's ’s right to cease making Loans and other extensions of credit to Borrower Borrowers when any Default or Event of Default exists or upon termination of the Commitments are terminated pursuant to as provided in Section 5.2 hereof, the Commitments shall be in effect for a period through the close of four (4) years from the last day of the month hereofbusiness on May 12, through and including February 28, 2001 2010 (the "Original Term"), and the Commitments shall automatically renew for one (1) year periods thereafter (each a "Renewal Term"), unless terminated as provided in Section 5.2 hereof.

Appears in 1 contract

Sources: Loan and Security Agreement (Integrated Electrical Services Inc)

Original Term of Commitments. Subject to each Lender's ’s right to cease making Loans and other extensions of credit to Borrower Borrowers when any Default or Event of Default exists or upon termination of the Commitments are terminated pursuant to as provided in Section 5.2 hereof, the Commitments shall be in effect for a period through the close of four (4) years from the last day of the month hereofbusiness on May 12, through and including February 28, 2001 2012 (the "Original Term"), and the Commitments shall automatically renew for one (1) year periods thereafter (each a "Renewal Term"), unless terminated as provided in Section 5.2 hereof.

Appears in 1 contract

Sources: Loan and Security Agreement (Integrated Electrical Services Inc)

Original Term of Commitments. Subject to each Lender's ’s right to cease making Loans and other extensions of credit to Borrower Borrowers when any Default or Event of Default exists or upon termination of the Commitments are terminated pursuant to as provided in Section 5.2 hereof, the Commitments shall be in effect for a period of four (4) 5 years from the last day of the month date hereof, through and including February 28the close of business on May 9, 2001 2010 (the "Original Term"), and the Commitments shall automatically renew for one (1) year periods thereafter (each a "Renewal Term"), unless terminated as provided in Section 5.2 hereof.

Appears in 1 contract

Sources: Loan and Security Agreement (Standard Register Co)