Extension of Conversion Date. (a) The Borrower may, by written notice given to the Agent at least 60 days but not more than 90 days prior to the then current Conversion Date, request that the Conversion Date be extended to a date which is 364 days following the then current Conversion Date. Such extension shall become effective on the then current Conversion Date if, but only if, all of the Lenders notify the Agent in writing that they consent to such extension (whether such notification is provided either initially or after the completion of the procedures set forth in clauses (b), (c) and (d) below) at least 10 days prior to the then current Conversion Date, which consent may be withheld by the Lenders in their sole and absolute discretion. Any such notice to the Agent of consent to such extension which is given to the Agent more than 30 days prior to the then current Conversion Date shall be revocable by the Lender until the 30th day prior to the then current Conversion Date.
(b) If the Borrower makes a request for an extension of the then current Conversion Date pursuant to Section 1.13(a), the Agent shall forthwith notify the Lenders of such request and each Lender shall, at least 30 days prior to the then current Conversion Date, notify the Agent as to whether or not it consents to such extension. If a group of Lenders (collectively, the "Extending Lenders" and individually, an "Extending Lender") whose Individual Commitments constitute in the aggregate at the time of such request at least 80% of the total Individual Commitments at such time have so notified the Agent that they consent to such extension (which notices have not been revoked) at least 30 days prior to the then current Conversion Date, and the remaining Lenders (collectively, the "Non-Extending Lenders" and individually, a "Non-Extending Lender") have either failed to so notify the Agent or have so notified the Agent that they do not consent to such extension at least 30 days prior to the then current Conversion Date, then the Borrower may indicate to the Agent in writing that it desires to replace the Non-Extending Lenders with one or more of the Extending Lenders, and the Agent shall then forthwith give notice to the Extending Lenders that any Extending Lender or Extending Lenders may, in the aggregate, assume all (but not part) of the Non-Extending Lenders' Individual Commitments and obligations hereunder and, in the aggregate, acquire all (but not part) of the rights of the Non-Extending Lenders hereunder (but i...
Extension of Conversion Date. The Conversion Date is hereby extended to September 21, 2004 pursuant to Section 1.13 of the Credit Agreement with respect to each Lender.
Extension of Conversion Date. (a) Canadian Borrowers may, at their option and from time to time during the Canadian Revolving Period, request an offer to extend the Canadian Revolving Period by delivering to Canadian Agent a Request for an Offer of Extension not more than ninety days and not less than forty-five days prior to the then current Conversion Date. Canadian Agent shall forthwith provide a copy of the Request for an Offer of Extension to each of the Lenders. Upon receipt from Canadian Agent of an executed Request for an Offer of Extension, each Lender shall, within thirty days after the date of such Lender's receipt of such request from Canadian Agent, either:
(i) notify Canadian Agent of its acceptance of the Request for an Offer of Extension, and the terms and conditions, if any, upon which such Lender is prepared to extend the Conversion Date; or
(ii) notify Canadian Agent that the Request for an Offer of Extension has been denied, such notice to forthwith be forwarded by Canadian Agent to Canadian Borrowers to allow Canadian Borrowers to seek a replacement lender pursuant to Section 1.8 (any Lender giving notice of such denial is herein called a "Non-Accepting Lender"). The failure of a Lender to so notify Canadian Agent within such thirty day period shall be deemed to be notification by such Lender to Canadian Agent that such Lender has denied Canadian Borrowers' Request for an Offer of Extension.
(b) Provided that all Lenders provide notice to Canadian Agent under Section 1.6(a) that they accept the Request for an Offer of Extension, or if there are Non-Accepting Lenders, such Lenders shall have been repaid pursuant to Section 1.8 or replacement lenders shall have become parties hereto pursuant to Section 1.8 and shall have accepted the Request for an Offer of Extension, such acceptance having common terms and conditions, Canadian Agent shall deliver to Canadian Borrowers an Offer of Extension incorporating the said terms and conditions. Such offer shall be open for acceptance by Canadian Borrowers until the fifth Business Day immediately preceding the then current Conversion Date. Upon written notice by Canadian Borrowers to Canadian Agent accepting an outstanding Offer of Extension and agreeing to the terms and conditions, if any, specified therein (the date of such notice of acceptance in Section 1.6 and 1.8 being called the "Extension Date"), the Conversion Date shall be extended to the date 364 days from the Extension Date and the terms and conditions specified in ...
Extension of Conversion Date. During each of 1997 and 1998, Company may notify Administrative Lender in writing by no later than October 1 of each such year of its desire to extend the Conversion Date (and, consequently, the Maturity Date) for an additional 12 months. If such notice is given, Administrative Lender, no later than November 15 of each such year, will notify Company in writing of Lenders' decision whether to extend the Conversion Date (and, consequently, the Maturity Date). Extensions of the Conversion Date (and, consequently, the Maturity Date) shall be at the option and in the sole discretion of Lenders, and the decision to extend the Conversion Date shall require the consent of all Lenders. If either Company or Administrative Lender fail to give notice within the time prescribed above, the Conversion Date (and, consequently, the Maturity Date) shall be the then present Conversion Date (and, consequently, the then present Maturity Date), unless otherwise extended by the parties hereto. Any extension of the Conversion Date (and, consequently, the Maturity Date) pursuant to this Section 2.15 shall not (i) require any renewal Note unless otherwise requested by Administrative Lender and (ii) be effective until and unless Company shall pay to Administrative Lender, for the account of Lenders in accordance with their -12- Specified Percentages, a Revolving Loan Extension Fee based on the amount of the Commitment and the Index Debt Rating in effect on the date of extension of the Conversion Date at the following per annum percentages, applicable in the following situations: Applicability Percentage ------------- ---------- Category 1 - There is no Index Debt Rating or the Index Debt Rating is the following: 0.250% ---------- below BBB- by S&P or below Baa3 by Moody's
Extension of Conversion Date. TAG and LMG expect that the Conversion Date will occur on or before October 31, 2009. TAG may extend the Conversion Date to a date that is six (6) months after transition of the TPA Services for the New Customers from LMG’s software and systems to TAG’s software and systems; provided that the foregoing shall not be construed as requiring the extension of the license to the CSC Software, which the parties acknowledge expires twenty-seven (27) months after the Effective Date under the terms of the CSC Agreement. TAG shall seek to give LMG at least ninety (90) days (but in no event shall provide less than sixty (60) days) prior notice of any such extension. If the delay was caused by TAG, the parties shall negotiate and agree upon an equitable adjustment to the reimbursable items and limits thereon based upon LMG’s increased costs of performing the LMG Services during the extension.
Extension of Conversion Date. The first sentence of Section 3 of the Conversion Agreement shall be deleted and replaced with the following language: “Provided that (i) the Issuer both closes on the Public Offering (unless waived by both Parties) and uplists its shares of common stock on The Nasdaq Capital Market or NYSE-MKT (or another exchange mutually agreed upon by the Issuer and the Investor) by August 31, 2018, and (ii) no additional event of default or breach of the Transaction Documents occurs between the date of this Agreement and the close of the Public Offering (unless waived by the Investor in its sole discretion), the Issuer shall satisfy all of the Issuer’s obligations to the Investor under the Note and the other Transaction Documents by payment of stock as follows:”.
Extension of Conversion Date. Upon the Company's request and subject to the terms set forth herein, the Conversion Date may be extended for successive periods of time so long as each such extension does not extend the Conversion Date to a date that is more than one year from the first date on which the Agent has received notices from all of the Banks that each such Bank has agreed to so extend the Conversion Date. The Company shall promptly confirm any telephonic notice in writing. If the Company desires to extend a scheduled Conversion Date, the Company shall so notify the Agent (which shall promptly notify each of the Banks) in writing at least ninety (90) days prior to such scheduled Conversion Date. Each Bank will, at least sixty (60) days prior to the then scheduled Conversion Date, notify the Agent (which shall promptly notify the Company) in writing of such Bank's decision; provided, however, that failure of a Bank to so notify the Agent shall not constitute such Bank's agreement to extend the Conversion Date or otherwise obligate such Bank to do so. Once the Agent receives notices from all of the Banks that they have agreed to extend the Conversion Date, the Conversion Date shall be extended to the earlier of (i) the date requested by the Company and (ii) the date one year from the date on which the Agent receives notices from all the Banks of their respective agreements to the extension.
Extension of Conversion Date. (a) In this Section 3.2:
Extension of Conversion Date. (i) US Borrower may, at its option and from time to time during the Tranche B Revolving Period, request an offer to extend the Tranche B Revolving Period by delivering to US Agent a Request for an Offer of Extension not more than sixty days and not less than thirty days prior to the then current Tranche B Conversion Date. US Agent shall forthwith provide a copy of the Request for an Offer of Extension to each of the Tranche B Lenders. Upon receipt from US Agent of an executed Request for an Offer of Extension, each Tranche B Lender shall, within twenty days after the date of such Tranche B Lender's receipt of such request from US Agent, either:
(1) notify US Agent of its acceptance of the Request for an Offer of Extension, and the terms and conditions, if any, upon which such Tranche B Lender is prepared to extend the Tranche B Conversion Date; or
(2) notify US Agent that the Request for an Offer of Extension has been denied, such notice to forthwith be forwarded by US Agent to US Borrower to allow US Borrower to seek a replacement lender pursuant to Section 1.1(e) (any Tranche B Lender giving notice of such denial is herein called a "Non-Accepting Lender"). The failure of a Tranche B Lender to so notify US Agent within such twenty day period shall be deemed to be notification by such Tranche
Extension of Conversion Date. Pursuant to Section 4.01(c) of the Credit Agreement, the Borrower has requested, and the Agent and the Banks hereby unanimously consent to, the extension of the Conversion Date for an additional one-year period. Accordingly, the new scheduled Conversion Date shall be September 29, 2000.
