Extension of Commitment Expiration Date. The Authority may request an extension of the Commitment Expiration Date in writing substantially in the form of Exhibit C hereto to the Lender not more than one hundred eighty (180) days prior to the then current Commitment Expiration Date. The Lender will make reasonable efforts to respond to such request within sixty (60) days after receipt of all information necessary, in the Lender’s judgment, to permit the Lender to make an informed credit decision. If the Lender fails to definitively respond to such request within such 60-day period, the Lender shall be deemed to have refused to grant the extension requested. The Lender may, in its sole and absolute discretion, decide to accept or reject any such proposed extension and no extension shall become effective unless the Lender shall have consented thereto in writing in the form of Exhibit F hereto or otherwise. The Lender’s consent, if granted, shall be conditioned upon the preparation, execution and delivery of documentation in form and substance satisfactory to the Lender (which may include, but shall not be limited to the delivery of a “no adverse effect opinion” of Bond Counsel to the Lender with respect to the tax-exempt status of the Loans).
Extension of Commitment Expiration Date. The Commitment Expiration Date shall be subject to extension as set forth below. At least ninety (90) days prior to the Commitment Expiration Date then in effect (but in no event more than one hundred eighty (180) days prior), the Authority may request in writing that the Bank extend the Commitment Expiration Date for an additional term as the parties may agree by delivery to the Bank of a Request for Extension in the form of Exhibit C hereto. Within thirty (30) days following the date of any such Request for Extension, the Bank will notify the Authority in writing of the decision by the Bank in its absolute discretion whether to extend for such additional period, the Commitment Expiration Date for purposes of this Agreement, including in such notice the extended Commitment Expiration Date and the conditions of such consent (including conditions relating to legal documentation). If the Bank does so agree to extend, the Bank shall deliver its written consent in the form of Exhibit G hereto or otherwise. If the Bank does not so notify the Authority, the Bank will be deemed to have denied any such extension. The Bank’s consent, if granted, shall be conditioned upon the preparation, execution and delivery of documentation in form and substance satisfactory to the Bank.
Extension of Commitment Expiration Date. The Commitment Expiration Date shall be subject to extension as set forth below. At least ninety (90) days prior to the Commitment Expiration Date then in effect (but in no event more than one hundred eighty (180) days prior), the Authority may request in writing that the Lenders extend the Commitment Expiration Date for an additional term as the parties may mutually agree by delivery to the Administrative Agent of a Request for Extension in the form of Exhibit C hereto. Within sixty
Extension of Commitment Expiration Date. (a) The Company 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 Expiration Date then in effect (the “Existing Commitment Expiration Date”), request that each Lender agree to an extension of the Commitment Expiration Date for an additional 364 days from the Existing Commitment Expiration Date. Such request shall be accompanied by a certificate of an Authorized Officer of the Company stating that no Default or Event of Default has occurred and is continuing.
(b) Each Lender, acting in its sole and individual discretion, shall, by notice to the Administrative Agent given not more than 30 days prior to the Existing Commitment Expiration Date but in any event no later than the date (the “Notice Date”) 20 days prior to the Existing Commitment Expiration Date, elect to either extend the Commitment Expiration Date as provided in Section 1.16(a) or decline to agree to such extension (any Lender declining to agree to any such extension, a “Non-Continuing Lender”). Any Lender that does not so advise the Administrative Agent on or before the Notice Date shall be deemed to be a Non-Continuing Lender. The election of any Lender to agree to any such extension shall not obligate any other Lender to so agree.
(c) The Administrative Agent shall notify the Company in writing of each Lender’s determination under this Section 1.16 no later than the date 15 days prior to the Existing Commitment Expiration Date (or, if such date is not a Business Day, on the next preceding Business Day).
(d) The Company shall have the right on or before the Existing Commitment Expiration Date to replace each Non-Continuing Lender with, and add as “Lenders” under this Agreement in place thereof, one or more Replacement Lenders in accordance with Section 1.14, provided that prior to replacing any Non-Continuing Lender with any Replacement Lender, the Company shall have given each Lender which has agreed to extend its Commitment Expiration Date an opportunity to increase its Commitment by all or a portion of the Non-Continuing Lenders’ Commitments (any such increases by such Lenders to be allocated as nearly as practicable on a pro rata basis among such Lenders based upon their Commitments as in effect immediately prior to the Existing Commitment Expiration Date).
(e) If (and only if) the total of the Commitments of the Lenders that have agreed so to extend the Commitment Expiration Date (in...
Extension of Commitment Expiration Date. The Company shall have six (6) separate options to extend the Commitment Expiration Date by three (3) months per option (for an aggregate extension period of eighteen (18) months ending September 28, 2004), upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the then applicable Commitment Expiration Date:
Extension of Commitment Expiration Date. The Issuer may request an extension of the Commitment Expiration Date in writing in the form of Exhibit B hereto not more than 180 days prior to the then current Commitment Expiration Date and not less than 120 days prior to the then current Commitment Expiration Date. The Bank will make reasonable efforts to respond to such request within 45 days after receipt of all information necessary, in the
Extension of Commitment Expiration Date. In the event that the Purchaser and the Borrower wish to extend the Commitment Expiration Date, on or before the date one hundred twenty (120) days prior to the current Commitment Expiration Date, the Borrower may provide written notice to the Purchaser of its desire to extend the Commitment Expiration Date and requesting the Purchaser to continue to hold the Note and make Advances thereunder. By providing notice to the Purchaser, the Borrower shall be deemed to represent that (a) no Default or Event of Default has occurred and is continuing, (b) no event has occurred and is continuing that is reasonably likely to result in a Material Adverse Effect and (c) all representations of the Borrower made in this Agreement are true and correct and are deemed to be made as of the date of such request.
Extension of Commitment Expiration Date. The Seller may, by written notice to the Buyer at any time prior to the Commitment Expiration Date then in effect, make written request for the Buyer to extend the Commitment Expiration Date for a period not to exceed 364 days from the then current Commitment Expiration Date. Provided no Event of Default has occurred and is continuing on the date of the Commitment Expiration Date then in effect, the Commitment Expiration Date shall be extended to the date that is not greater than 364 days immediately following the Commitment Expiration Date then in effect; provided, that the Commitment Expiration Date shall in no event be extended beyond the third one-year anniversary of the Closing Date or beyond the Facility Maturity Date.
Extension of Commitment Expiration Date. The Commitment provided to Borrower hereunder shall be in effect initially for Fiscal Year 2012-2013. Borrower and Bank may agree to extend the Commitment for each Fiscal Year thereafter through the execution of the Addendum extending the Commitment Expiration Date from June 30, 20XX, to June 30, 20XX for Fiscal Year 20XX-20XX, and June 30, 20XX for fiscal year 20XX-20XX. Provided that the Bank Services Term is extended beyond June 30, 20XX, Borrower and Bank may agree to further extend the Commitment for subsequent Fiscal Years by extending the Commitment Expiration Date to June 30 of the next calendar year. Notwithstanding the foregoing, nothing set forth herein authorizes the Commitment to be extended beyond the expiration of the Servicing Bank Term.
Extension of Commitment Expiration Date. The Department may request an extension of the Commitment Expiration Date in writing in the form of Exhibit C hereto not less than 90 days prior to the then current Commitment Expiration Date. The Bank will make reasonable efforts to respond to such request within 45 days after receipt of all information necessary, in the Bank’s judgment, to permit the Bank to make an informed credit decision. If the Bank fails to definitively respond to such request within such 45-day period, the Bank shall be deemed to have refused to grant the extension requested. The Bank may, in its sole and absolute discretion, decide to accept or reject any such proposed extension and no extension shall become effective unless the Bank shall have consented thereto in writing in the form of Exhibit G hereto or otherwise. The Bank’s consent, if granted, shall be conditioned upon the preparation, execution and delivery of documentation in form and substance satisfactory to the Bank.
