Extension of Facilities. 59 SECTION 2.17. Increase in the Aggregate Commitments .......................................................................... 60 SECTION 2.18. Cash Collateral Account ................................................................................................... 62 SECTION 2.19.
Extension of Facilities. If the Borrowers wish to obtain an extension of the then effective Termination Date, the Borrowers shall provide the Agent with a written notice to such effect not less than 60 days prior to the then effective Termination Date. The Lenders may, in their sole and absolute discretion, by written notice to the Borrowers, extend the Facilities for a period of one year from the then effective Termination Date.
Extension of Facilities. The following new Section 2.26 shall be added immediately after Section 2.25 of the Credit Agreement:
Extension of Facilities. (a) The Borrower may, by written notice to the Administrative Agent (the “Extension Request Notice”), no less than 30 days prior to the Revolving Initial Termination Date, request that the Revolving Funding Parties become Extending Revolving Funding Parties hereunder. The Extension Notice shall include the following (a) the date by which each Revolving Funding Party must indicate its election to extend such Facility (the “Extension Acceptance Date”), (b) the proposed Applicable Margin to apply to the portion of such Facility to be extended, (c) the proposed Revolving Extended Termination Date and (d) the proposed fees, if any, for such extension.
(b) Promptly following receipt of a Extension Request Notice, the Administrative Agent shall notify each Revolving Funding Party thereof. On or prior to the Extension Acceptance Date, each Revolving Funding Party may (but shall not be obligated to) specify by written notice to the Administrative Agent (each a “Funding Party Participation Notice”) in form reasonably acceptable to the Administrative Agent, its election to participate in the such extension and the amount of its Revolving Commitments that will be subject to such extension.
(c) If the Majority Revolving Facility Funding Parties requested to be extended provide to the Administrative Agent Funding Party Participation Notices on or before the Extension Acceptance Date, then the requested extension shall become effective on the Extension Acceptance Date for all of the Revolving Funding Parties that shall have provided to the Administrative Agent Funding Party Participation Notices on or before such date.
(d) Any extension of the Revolving Facility pursuant to this Section 2.26 shall not be effective unless the Majority Revolving Facility Funding Parties execute and deliver Extension Agreements in accordance with the preceding paragraph (c).
(e) The Borrower may only make one extension request pursuant to this Section 2.26.
(f) Notwithstanding any extension of the Revolving Facility, the Swingline Commitment and the L/C Commitment shall terminate on the Revolving Initial Termination Date unless the Swingline Lender or the Tranche A Issuing Lender, as applicable, provides its consent to such extension or another Funding Party consents to become the Swingline Lender or the Tranche A Issuing Lender, as applicable.
(g) Each of the parties hereto agrees that, upon the effectiveness of any Extension Agreement (as provided for in Section 2.26(c)), this Agreement s...
Extension of Facilities. Any open video system agreement approved by the Town shall contain a provision whereby the open video system operator agrees upon request to extend service to all areas of the Town. If the open video system operator determines that provision of cable service is not economically feasible, any person requesting service may appeal the decision to the governing body of the Town.
Extension of Facilities
