Extension of Expiry Date. Not less than 60 days and not more than 90 days prior to the Expiry Date then in effect, the Borrowers may make a written request (the "Extension Request") to the Administrative Agent at its Notice Office, which request the Administrative Agent shall promptly transmit to each of the Banks, that the Expiry Date then in effect be extended to the date which occurs 364 days after the Requested Extension Effective Date specified by the Borrowers in the Extension Request. Each Extension Request shall specify a date (the "Requested Extension Effective Date"), which shall be a Business Day not earlier than 40 days after the giving of the respective notice and not later than the Expiry Date then in effect, on which such extension of the Expiry Date, if granted by the Banks, shall occur. Each Extension Request shall also be accompanied by a certificate of an authorized officer of the Borrowers stating that no Default or Event of Default has occurred and is continuing. Each Bank, acting in its sole discretion and with no obligation to grant any extension pursuant to this Section 1.13, shall, by written notice to the Borrowers and the Administrative Agent, such notice to be given within 30 days of its receipt of the relevant Extension Request, advise the Borrowers and the Administrative Agent whether such Bank agrees to such extension, provided that:
(i) any Bank that fails to so notify the Borrowers and the Administrative Agent shall be deemed to have elected not to grant such extension as to itself and (ii) any extension of the Expiry Date pursuant to this Section 1.13 shall be effective on the Requested Extension Expiry Date only to those Banks (the "Extending Banks") (and their respective Commitments) which have consented to such extension pursuant to such Extension Request. The Expiry Date for each Bank which does not consent to such extension pursuant to such Extension Request (each a "Non-Extending Bank") shall be the Expiry Date as in effect immediately before giving effect to such Extension Request. No Bank shall be under any obligation whatsoever to consent to an Extension Request and may refuse to extend the Expiry Date as to itself in its sole and absolute discretion. The Administrative Agent shall notify the Borrowers and each Bank of the effectiveness of any such extension.
(b) The Commitment of each Non-Extending Bank shall terminate permanently and irrevocably on the Expiry Date in effect for such Bank before giving effect to any extension of such Expi...
Extension of Expiry Date. The Borrowers may, by sending an Extension Letter to the Agent (in which case the Agent shall promptly deliver a copy to each of the Banks), not less than 30 days and not more than 45 days prior to the Expiry Date then in effect (the "Current Expiry Date"), request that the Banks extend the Expiry Date so that it will occur 364 days after the Current Expiry Date. Each Bank, acting in its sole discretion, shall, by notice to the Agent given not less than 20 days and not more than 30 days prior to the Current Expiry Date, advise the Agent in writing whether or not such Bank agrees to such extension (each Bank that so advises the Agent that it will not extend the Expiry Date being referred to herein as a "Non-extending Bank"); provided that any Bank that does not advise the Agent by the 20th day prior to the Current Expiry Date shall be deemed to be a Non-extending Bank. The election of any Bank to agree to such extension shall not obligate any other Bank to agree.
Extension of Expiry Date. 10 1.14 Addition of New Borrowers...................................11 1.15 Removal of Borrowers........................................11 SECTION 2. Fees; Reductions of Commitment..................................12
Extension of Expiry Date. U.S. Bank hereby extends the Expiry date and therefore its commitment to make Advances to the Contran Companies on the terms and conditions of the 1998 Loan Documents, to October 29, 2004.
Extension of Expiry Date. The Borrower may, by notice in writing to the Agent and the Issuing Bank signed by a duly authorised signatory of the Borrower not later than 11.00 a.m. (Piraeus time) five (5) Banking Days prior to the Expiry Date of a UC, request that the Banks approve the extension of such Expiry Date. Subject to compliance with the following conditions:
2.6.1 the extended Expiry Date shall be a date falling not later than the Final Maturity Date for the Guarantee Facility;
2.6.2 no Default has occurred and is continuing as at the date on which such extension is implemented;
2.6.3 the representations and warranties in clause 7 and those (if any) in the Security Documents would be true and not misleading if repeated on the date of the request for extension; and
2.6.4 the Agent is satisfied that the test contained in clause 2.1.1(b) and in clause 8.2.1 would not then or in the future be breached by reason of the requested extension, the Banks (acting through the Agent) shall agree to and implement such request by amending and re-issuing the relevant L/C.
Extension of Expiry Date. No earlier than the 60th day and no later than the 40th day prior to the then effective Expiry Date (unless such Expiry Date is on or after the
Extension of Expiry Date. On any Business Day not less than 60 nor more than 90 days prior to the Expiry Date then in effect, the Borrower may, by written notice to the Bank, request that the Expiry Date be extended for an additional 364 days. The Bank may accept or reject such request in its sole discretion. The Bank will notify the Borrower of its decision, in writing, not less than 45 days prior to the Expiry Date then in effect. If the Bank shall fail to give such notice, it shall be deemed to have rejected such request.
Extension of Expiry Date. At any time there shall remain less than sixty (60) days to the Expiry Date of any Letter of Credit, the Company may, by delivery to the Bank of a Request for Extension in the form attached hereto as Exhibit F, request that the Bank extend the Expiry Date of such Letter of Credit for a period of six (6) months. The Bank will consider such request only if (a) the Bank receives evidence satisfactory to it that the Pension Fund L/C which secures the Letter of Credit for which such request has been made has been extended to have an expiry date of at least fifteen (15) days after the extended Expiry Date, and (b) at the time of such extension, the Pension Fund which has issued the Pension Fund L/C which secures such Letter of Credit has an S&P credit rating of “A-”or higher. The Request for Extension must be received by the Bank at least five (5) Business Days prior to the Expiry Date to which the request relates and the extended Pension Fund L/C must be received by the Bank at least two (2) Business Days prior to such Expiry Date. Any date to which any Expiry Date has been extended in accordance with this Section 2.12 may be extended in like manner for one (1) additional six (6) month period.
Extension of Expiry Date. By executing this Fourth Amendment each Bank agrees to extend the Expiry Date to April 30, 2010 and the Expiry Date is hereby so extended.
Extension of Expiry Date. 13 SECTION 3. Payments.................................................................. 14
