Common use of Extension of Commitments Clause in Contracts

Extension of Commitments. No later than 60 days prior to the Termination Date then in effect, each Investment Company, on behalf of each Fund, may deliver to Agents and Lenders a written request substantially in the form of EXHIBIT C in order to request that the Commitments to Borrowers be extended for an additional 364 days from the Termination Date then in effect. Each Lender, in its sole discretion, may consent to such extension. If all Lenders so consent, Administrative Agent shall deliver a written consent to each Investment Company on a date no earlier than 30 days or later than 15 days prior to the Termination Date then in effect, whereupon such Termination Date shall be extended to that day which is the 364th day following the Termination Date. In no event shall the Termination Date be extended without the consent of each Lender in its sole discretion.