Extension of Facility. (a) Provided that no Event of Default is continuing the Company may on behalf of the Borrowers request once the extension of the First Termination Date for a further period of 24 Months to the Extended Termination Date by sending a notice to the Agent substantially in the form of Schedule 13 (Facility Extension Notice) (a “Facility Extension Notice”) requesting such extension. Any such Facility Extension Notice shall be delivered not later than 90 calendar days before the First Termination Date. A Facility Extension Notice shall not be regarded as having been duly completed unless it is duly signed by the Company and specifies the requested Extended Termination Date.
(b) Upon receipt of such Facility Extension Notice, the Agent shall notify the Lenders immediately which, each individually and independently, shall, subject to the terms and conditions of this Clause 7.3, have full and unrestricted discretion in deciding whether to agree to an extension of the First Termination Date with respect to their Commitment on the terms set out in the Facility Extension Notice. Each Lender shall notify the Agent within 15 Business Days of receipt by the Agent of the Facility Extension Notice of its decision by returning the duly completed Annex I to the Facility Extension Notice. All Lenders must agree to the extension of the Facility from the First Termination Date to the Extended Termination Date. If not all Lenders agree to the extension, the Extension Option shall not have been validly exercised and the Facility will terminate as of the First Termination Date. If all Lenders agree to the extension, the extension shall, upon the payment of the extension fee pursuant to para. (b) of Clause 12.5 (Increase and extension fee), become effective and be valid and binding for all Lenders.
Extension of Facility. The Termination Date shall be automatically extended for successive one-year periods unless either the Lender or the Borrower provides to the other written notice of termination not less than 60 days prior to the then effective Termination Date.
Extension of Facility. The Borrower may request to the Lender in writing that the facility provided pursuant to this Loan Agreement is extended with effect on, and for a period of 1 year from, the then existing Final Repayment Date Provided that the facility may only be extended once so that the Final Repayment Date shall never extend beyond the earlier of (i) 28 February 2019 and (ii) the date falling twenty six ) (26) months from the final Drawdown Date. The Borrower’s request in respect of any such extension shall be irrevocable and shall be made in writing no later than 15 days prior to the then existing Final Repayment Date;
Extension of Facility. The date "December 2, 1999" in the definition of "Termination Date" in Section 1.01 of the Agreement is changed to "August 9, 2000."
Extension of Facility. So that the Members of Borrower may make a fully informed decision as to whether to continue Borrower’s existence beyond the then-current LLC Term, Lender agrees to provide to Borrower, no later than fourteen (14) months prior to the expiration of the then-current LLC Term, written notice indicating Lender’s intent with respect to the extension of the Revolving Loan facility and, if Lender intends to extend the Revolving Loan facility, the proposed material terms of such extension; provided, however, that failure to provide such notice by Lender shall not be a default of the terms of this Agreement and shall be deemed to be a declination of its willingness to extend the term of this Agreement.
Extension of Facility. Upon the request of the U.S. Borrowers, the Agent and the Lenders may, in their sole discretion, effective as of any anniversary of the Effective Date, agree to extend the Revolving Credit Facility for a period of time beyond the then effective Termination Date. Each such extension shall be effected by the Borrowers', the Agent's and all Lenders' execution and delivery of a written agreement evidencing such extension.
Extension of Facility. (a) The Borrowers may request to the Agent in writing that the facility provided pursuant to this Agreement is extended with effect on, and for a period of 1 year from, the then existing Termination Date Provided that the facility may only be extended twice so that the Termination Date shall never extend beyond the date falling on the fifth anniversary of the final Drawdown Date. The Borrowers’ request in respect of any such extension shall be irrevocable and shall be made in writing no later than 1 month prior to the then existing Termination Date. The Agent shall confirm in writing no later than 15 Business Days prior to the then existing Termination Date whether the conditions regarding the extension of the facility referred to in paragraph (b) below have been satisfied. Following the Lender’s confirmation from the Lender regarding the conditions referred to in paragraph (b) below, the facility shall on the then existing Termination Date be extended for a further year and the Termination Date shall thereupon become the date falling 1 year after such date;
(b) The conditions referred to in paragraph (a) above are that any such extension shall be subject to:
(i) no Event of Default having occurred;
(ii) the Security Cover Ratio being at least 135 per cent.; and
(iii) the Borrowers having complied with their payment obligation under Clause 20.1(c) at the time of service of the written notice to the Agent requesting the extension.
Extension of Facility. If the Borrower provides evidence to the Agent by no later than 9 December 2012 (in all respects in form and substance satisfactory to the Lenders) that, as at 9 December 2012, there is no Event of Default and that it is in full compliance with all covenants and provisions of this Agreement, the Final Maturity Date shall be extended from 9 December 2012 to 9 July 2013 (the "Additional Period").
(g) by deleting clause 5.14 thereof in its entirety;
(h) by adding a "hanging paragraph" at the end of clause 8.1 thereof as follows: "Provided that in the event the Final Maturity Date is extended pursuant to Clause 4.8, any references in this Clause 8 to Schedule 9 shall be construed as references to Schedule 10.";
(i) by deleting the figure "90" in the first line of clause 11.6(b) thereof and replacing it with the figure "60";
(j) by deleting clause 12.3(b) thereof in its entirety and substituting the same with the following new clause:
Extension of Facility. If on the Initial Maturity Date the Loans have not been paid in full, then the maturity date of all Loans then outstanding shall be automatically extended to the date that is the ninth year anniversary of the Closing Date (the “Extended Maturity Date” and, such Loans as so extended, “Extended Term Loans”). Subject to the right or requirement to prepay Loans prior to maturity hereunder, all outstanding Extended Term Loans shall be paid in full no later than the Extended Maturity Date.
Extension of Facility. On any day in January, May and September of each year (a “Renewal Request Date”), commencing January 2006, which is at least four months after the previous Renewal Request Date, the Borrower may request (in a written notice delivered to the Administrative/Collateral Agent) that the Lenders extend the Scheduled Facility Termination Date to the date set forth in that request to extend, provided however, no extension shall be to a date that is later than 364 days from the date of that request to extend. The Scheduled Facility Termination Date shall be extended accordingly if the Administrative/Collateral Agent (acting pursuant to the written instructions of all the Lenders, which instructions may be given or withheld in their sole and absolute discretion) notifies the Borrower (who shall notify the Backup Servicer) that the then-current Scheduled Facility Termination Date shall be so extended. If any Lender instructs the Administrative/Collateral Agent not to extend such date or fails to give the Administrative/Collateral Agent any instruction with respect to any such request within 10 Business Days after receipt of the related request, the Administrative/Collateral Agent shall notify the Borrower that the Lenders have declined the request of the Borrower and the Scheduled Facility Termination Date shall not be so extended. [**CONFIDENTIAL TREATMENT HAS BEEN REQUESTED FOR CERTAIN PORTIONS OF THIS DOCUMENT]
