Common use of Extending Facilities Clause in Contracts

Extending Facilities. (a) The Borrower may at any time and from time to time request that all or any portion of Loans with a like maturity date (an “Existing Loan Facility”) be converted to extend the scheduled maturity date(s) with respect to all or a portion of any principal amount of such Loans and to otherwise modify the terms of such Loans to the extent not prohibited in this Section 2.22 (any such Loans which have been so converted, “Extended Loans”) and to provide for other terms consistent with this Section 2.22 (an “Extension”). Any such request shall be made on a pro rata basis and on the same terms to each applicable Lender. In order to establish any Extended Loans, the Borrower shall provide a notice to the Administrative Agent (which shall provide a copy of such notice to each of the Lenders under the applicable Existing Loan Facility) (an “Extension Request”) setting forth the proposed terms of the Extended Loans to be established, provided that:

Appears in 2 contracts

Samples: Term Loan Agreement (Brixmor Operating Partnership LP), Term Loan Agreement (Brixmor Operating Partnership LP)

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Extending Facilities. (a) The Borrower may at any time and from time to time request that all or any portion of Loans with a like maturity date (an “Existing Loan Facility”) be converted to extend the scheduled maturity date(s) with respect to all or a portion of any principal amount of such Loans Loans, and to otherwise modify the terms of such Loans to the extent not prohibited in this Section 2.22 2.20 (any such Loans which have been so converted, “Extended Loans”) and to provide for other terms consistent with this Section 2.22 2.20 (an “Extension”). Any such request shall be made on a pro rata basis and on the same terms to each applicable Lender. In order to establish any Extended Loans, the Borrower shall provide a notice to the Administrative Agent (which shall provide a copy of such notice to each of the Lenders under the applicable Existing Loan Facility) (an “Extension Request”) setting forth the proposed terms of the Extended Loans to be established, provided that:

Appears in 1 contract

Samples: Term Loan Agreement (Brixmor Operating Partnership LP)

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Extending Facilities. (a) The Borrower may at any time and from time to time request that all or any portion of the Loans with a like maturity date (an “Existing Loan Facility”) be converted to extend the scheduled maturity date(s) with respect to all or a portion of any principal amount of such Loans Loans, and to otherwise modify the terms of such Loans to the extent not prohibited in this Section 2.22 2.16 (any such Loans which have been so converted, “Extended Loans”) and to provide for other terms consistent with this Section 2.22 2.16 (an “Extension”). Any such request shall be made on a pro rata basis and on the same terms to each applicable LenderBank. In order to establish any Extended Loans, the Borrower shall provide a notice to the Administrative Agent (which who shall provide a copy of such notice to each of the Lenders under the applicable Existing Loan FacilityBanks) (an “Extension Request”) setting forth the proposed terms of the Extended Loans to be established, provided that:

Appears in 1 contract

Samples: Term Loan Agreement (Kilroy Realty, L.P.)

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