Common use of Commitment Extensions Clause in Contracts

Commitment Extensions. (i) The Borrower may, by notice to the Administrative Agent (which shall promptly notify the Lenders) not more than 45 days and not less than 30 days prior to the Commitment Termination Date then in effect hereunder (the “Existing Commitment Termination Date”), request that each Lender extend such Lender’s Commitment Termination Date for an additional 364 days from the Existing Commitment Termination Date.

Appears in 3 contracts

Samples: Credit Agreement (Nasdaq Stock Market Inc), Credit Agreement (Mony Group Inc), Credit Agreement (Mony Group Inc)

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Commitment Extensions. (i) The Borrower may, by notice to the Administrative Agent (which shall promptly notify the Lenders) not more than 45 days and not less than 30 days prior to the Commitment Termination Date then in effect hereunder (the "Existing Commitment Termination Date"), request that each Lender extend such Lender’s 's Commitment Termination Date for an additional 364 days from the Existing Commitment Termination Date.

Appears in 2 contracts

Samples: Credit Agreement (Sci Systems Inc), Credit Agreement (Mony Group Inc)

Commitment Extensions. (i) The Borrower Company (on its own behalf and on behalf of the other Borrowers) may, by notice to the Administrative Agent (which shall promptly notify the Lenders) not more than 45 60 days and not less than 30 40 days prior to the Commitment Termination Date then in effect hereunder (the "Existing Commitment Termination Date"), ------------------------------------ request that each Lender extend such Lender’s 's Commitment Termination Date for an additional 364 days from the Existing Commitment Termination Date.

Appears in 2 contracts

Samples: Credit Agreement (Solutia Inc), Credit Agreement (Solutia Inc)

Commitment Extensions. (ia) The Borrower may, not earlier than 60 days and not later than 45 days before the Revolving Credit Termination Date, by notice to the Administrative Agent (which shall promptly notify request that the Lenders) not more than 45 days and not less than 30 days prior to the Commitment Revolving Credit Termination Date then in effect hereunder (the "Existing Commitment Revolving Credit Termination Date”), request that each Lender extend such Lender’s Commitment Termination Date for an additional ") be extended to the date 364 days from after the Existing Commitment Termination Date. The Administrative Agent shall promptly notify the Lenders of such request.

Appears in 2 contracts

Samples: Credit Agreement (Mastercard Inc), Credit Agreement (Mastercard Inc)

Commitment Extensions. (i) The Borrower may, by notice to the Administrative Agent (which shall promptly notify the Lenders) not more than 45 60 days and not less than 30 40 days prior to each anniversary (each such anniversary, an "Anniversary Date") of the Commitment Termination Date then in effect hereunder (the “Existing Commitment Termination Date”)date hereof, request that each Lender extend such Lender’s 's Commitment Termination Date for an additional 364 days from to the Existing date (the "New Commitment Termination Date") that is one year after the then Commitment Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Solutia Inc)

Commitment Extensions. (i) The Borrower may, by notice to the Administrative Agent (which shall promptly notify the Lenders) not more than 45 60 days and not less than 30 55 days prior to the Commitment Termination Date then in effect hereunder (the “Existing Commitment Termination Date”), request that each Lender extend such Lender’s the Commitment Termination Date be extended for an additional 364 days from the Existing Commitment Termination Date. The Borrower may make such an extension request only once.

Appears in 1 contract

Samples: Credit Agreement (Hanover Insurance Group, Inc.)

Commitment Extensions. (i) The Borrower may, by notice to the Administrative Agent (which shall promptly notify the Lenders) not more than 45 60 days and not less than 30 45 days prior to each anniversary of the Commitment Termination Date then in effect hereunder date hereof (the each such date, an Existing Commitment Termination Anniversary Date”), request that each Lender extend such Lender’s 's Commitment Termination Date to the date falling one year after the Commitment Termination Date then in effect for an additional 364 days from such Lender hereunder (the Existing Commitment Termination Date”).

Appears in 1 contract

Samples: Credit Agreement (Cna Financial Corp)

Commitment Extensions. (i) The Borrower may, by notice to the Administrative Agent (which shall promptly notify the Lenders) not more than 45 60 days and not less than 30 45 days prior to the Commitment Termination first or second anniversary of the Closing Date then in effect hereunder (the each such date, an Existing Commitment Termination Anniversary Date”), request that each Lender extend such Lender’s Commitment Termination Date to the date falling one year after the Commitment Termination Date then in effect for an additional 364 days from such Lender hereunder (the Existing Commitment Termination Date”).

Appears in 1 contract

Samples: Revolving Credit Agreement (Cna Financial Corp)

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Commitment Extensions. (ia) The Borrower may, not earlier than 60 days and not later than 45 days before each of the first two anniversaries of the Closing Date (each, an “Anniversary Date”), by notice to the Managing Administrative Agent (which shall promptly notify Agent, request that the Lenders) not more than 45 days and not less than 30 days prior to the Commitment Revolving Credit Termination Date then in effect hereunder (the “Existing Commitment Revolving Credit Termination Date”), request that each Lender extend such Lender’s Commitment Termination Date for an additional ) be extended to the date 364 days from after the Existing Commitment Revolving Credit Termination Date. The Managing Administrative Agent shall promptly notify the Lenders of such request.

Appears in 1 contract

Samples: Credit Agreement (Mastercard Inc)

Commitment Extensions. (i) The Borrower may, by written notice to the Administrative Agent (which shall promptly notify the Lenders) not more than 45 60 days and not less than 30 45 days prior to the Commitment Termination first or second anniversary of the Effective Date then in effect hereunder (the each such date, an Existing Commitment Termination Anniversary Date”), request that each Lender extend such Lender’s Commitment Termination Date to the date falling one year after the Commitment Termination Date then in effect for an additional 364 days from such Lender hereunder (the Existing Commitment Termination Date.”). 7552140v7 19897.00013

Appears in 1 contract

Samples: Credit Agreement (Cna Financial Corp)

Commitment Extensions. (ia) The Borrower may, not earlier than 60 days and not later than 45 days before each of the first two anniversaries of the Closing Date (each, an “Anniversary Date”), by notice to the Administrative Agent (which shall promptly notify Agent, request that the Lenders) not more than 45 days and not less than 30 days prior to the Commitment Revolving Credit Termination Date then in effect hereunder (the “Existing Commitment Revolving Credit Termination Date”), request that each Lender extend such Lender’s Commitment Termination Date for an additional ) be extended to the date 364 days from after the Existing Commitment Revolving Credit Termination Date. The Administrative Agent shall promptly notify the Lenders of such request.

Appears in 1 contract

Samples: Credit Agreement (Mastercard Inc)

Commitment Extensions. (i) The Borrower may, by notice to the Administrative Agent (which shall promptly notify the Lenders) not more than 45 60 days and not less than 30 days prior to any two anniversaries of the Effective Date (each such anniversary, an “Anniversary Date”), request that the Lenders extend the Commitment Termination Date for an additional one‑year period from the Commitment Termination Date then in effect hereunder (the “Existing Commitment Termination Date”), request that each Lender extend such Lender’s Commitment Termination Date for an additional 364 days from the Existing Commitment Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Becton Dickinson & Co)

Commitment Extensions. (i) The Borrower may, by notice to the Administrative Agent (which shall promptly notify the Lenders) not more than 45 60 days and not less than 30 days prior to any two anniversaries of the Effective Date (each such anniversary, an “Anniversary Date”), request that the Lenders extend the Commitment Termination Date for an additional one-year period from the Commitment Termination Date then in effect hereunder (the “Existing Commitment Termination Date”), request that each Lender extend such Lender’s Commitment Termination Date for an additional 364 days from the Existing Commitment Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Becton Dickinson & Co)

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