Common use of Amend and Extend Transactions Clause in Contracts

Amend and Extend Transactions. (a) The Borrower may, by written notice to the Administrative Agent from time to time, request an extension (each, an “Extension”) of the maturity date of any Class of Term Loans or Revolving Commitments to the extended maturity date specified in such notice. Such notice shall; (i) set forth the amount of the applicable Class of Term Loans or Revolving Commitments that will be subject to the Extension (which shall be in a minimum amount of $5,000,000), (ii) set forth the date on which such Extension is requested to become effective (which shall be not less than ten (10) Business Days nor more than sixty (60) days after the date of such Extension notice (or such longer or shorter periods as the Administrative Agent shall agree in its sole discretion)) and

Appears in 1 contract

Samples: New First Lien Loan Agreement

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Amend and Extend Transactions. (a) The Borrower may, by written notice to the Administrative Agent from time to time, request an extension (each, an “Extension”) of the maturity date of any Class of Term the Loans or Revolving and Commitments to the extended maturity date specified in such notice. Such notice shall; shall set forth (i) set forth the amount of the applicable Class of Term Loans or Revolving Commitments that will be subject to the Extension (which shall be in minimum increments of $5,000,000 and a minimum amount of $5,000,00050,000,000), and (ii) set forth the date on which such Extension is requested to become effective (which shall be not less than ten (10) Business Days nor more than sixty (60) days after the date of such Extension notice (or such longer or shorter periods as the Administrative Agent shall agree in its sole discretion)) andsole

Appears in 1 contract

Samples: Credit Agreement (NVR Inc)

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