Common use of Approval of Extension Clause in Contracts

Approval of Extension. Within ten (10) days after Administrative Agent's notice to Borrower that all (or some, as applicable) of Banks have approved an Extension Request (whether pursuant to Section 2.21(a), (b) or (c)), Borrower shall pay to Administrative Agent for the account of each Bank approving the extension and each Replacement Bank an extension fee in the amount provided in the Extension Request.

Appears in 2 contracts

Samples: Credit Agreement (MDC Holdings Inc), Credit Agreement (MDC Holdings Inc)

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Approval of Extension. Within ten (10) days after Administrative Agent's notice to Borrower that all (or some, as applicable) of Banks Lenders have approved an Extension Request (whether pursuant to Section 2.21(a), (b) or (c)), Borrower shall pay to Administrative Agent for the account of each Bank Lender approving the extension and each Replacement Bank Lender an extension fee in the amount provided in the Extension Request.

Appears in 2 contracts

Samples: Credit Agreement (MDC Holdings Inc), Credit Agreement (MDC Holdings Inc)

Approval of Extension. Within ten (10) days after Administrative Agent's ’s notice to Borrower that all (or some, as applicable) of Banks Lenders have approved an Extension Request (whether pursuant to Section 2.21(a), (b) or (c)), Borrower shall pay to Administrative Agent for the account of each Bank Lender approving the extension and each Replacement Bank Lender an extension fee in the amount provided in the Extension Request.

Appears in 1 contract

Samples: Credit Agreement (MDC Holdings Inc)

Approval of Extension. Within ten (10) days after the Administrative Agent's notice to the Borrower that all (or some, as applicable) of Banks Lenders have approved an Extension Request (whether pursuant to Section 2.21(a2.17(a), (b) or (c)), the Borrower shall pay to the Administrative Agent for the account of each Bank Lender approving the extension and each Replacement Bank Lender an extension fee in the amount provided in the Extension Request.

Appears in 1 contract

Samples: Credit Agreement (Technical Olympic Usa Inc)

Approval of Extension. Within ten (10) days after the Administrative Agent's ’s notice to the Administrative Borrower that all (or some, as applicable) of Banks Lenders have approved an Extension Request (whether pursuant to Section 2.21(a2.17(a), (b) or (c)), Borrower the Borrowers shall pay to the Administrative Agent for the account of each Bank approving the extension and each Consenting Lender and/or Replacement Bank Lender, as applicable, an extension fee in the amount provided in the Extension Request.

Appears in 1 contract

Samples: Credit Agreement (Technical Olympic Usa Inc)

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Approval of Extension. Within ten (10) days after the Administrative Agent's ’s notice to the Administrative Borrower that all (or some, as applicable) of Banks the Lenders have approved an Extension Request (whether pursuant to Section 2.21(a2.17(a), (b) or (c)), Borrower the Borrowers shall pay to the Administrative Agent for the account of each Bank approving the extension and each Consenting Lender and/or Replacement Bank Lender, as applicable, an extension fee in the amount provided in the Extension Request.

Appears in 1 contract

Samples: Revolving Credit Agreement (Tousa Inc)

Approval of Extension. Within ten (10) days after the Administrative Agent's ’s notice to the Borrower that all (or some, as applicable) of Banks Lenders have approved an Extension Request (whether pursuant to Section 2.21(a2.17(a), (b) or (c)), the Borrower shall pay to the Administrative Agent for the account of each Bank approving the extension and each Consenting Lender and/or Replacement Bank Lender, as applicable, an extension fee in the amount provided in the Extension Request.

Appears in 1 contract

Samples: Credit Agreement (Technical Olympic Usa Inc)

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