Extension of Applicable Maturity Date. (a) The Borrower may, at its option, by delivering to the Agent a written extension request (in this Section 2.7, an “Extension Request”) within 90 days to 45 days prior to the anniversary of the Closing Date in each year, request that the Lenders extend the Applicable Maturity Date of any Credit Facility; provided that the new Applicable Maturity Date of such Credit Facility cannot be more than five (5) years after the effective date of such extension; and provided further that this request cannot be made more than once in each calendar year following the Closing Date.
Extension of Applicable Maturity Date. The Borrower may request an extension of the Applicable Maturity Date by twelve (12) months by delivering to the Administrative Agent an executed Extension Request not less than ninety (90) days and not more than one hundred and twenty (120) days prior to the expiration of the Applicable Maturity Date. Any extension of the Applicable Maturity Date shall be subject to the prior written consent of each Lender and the payment of an extension fee equal to one percent (1.0%) of the Accommodations Outstanding at the time of extension of the Applicable Maturity Date.
Extension of Applicable Maturity Date. Notwithstanding anything to the contrary or inconsistent contained herein, provided no Event of Default exists, the Maturity Date will automatically be extended for one (1) year if (a) the Administrative Borrower does not notify the Lender in writing on or before sixty (60) days prior to the Maturity Date or any subsequent extension thereof of its intent not to so extend the Maturity Date, or (b) the Lender does not notify the Administrative Borrower in writing on or before ninety (90) days prior to the Maturity Date or any subsequent extension thereof of its intent not to so extend the Maturity Date. If the Maturity Date is extended pursuant to this Section 2.12, Borrowers shall pay to Lender a renewal fee for each such extension in the amount of one percent (1.0%) of the Revolving Loan Commitment Amount, which shall be due and payable on or before the applicable Maturity Date.
Extension of Applicable Maturity Date
