Common use of Extension of Facility Termination Date Clause in Contracts

Extension of Facility Termination Date. The Borrower may request one-year extensions of the Facility Termination Date by submitting a request for an extension to the Agent (an "Extension Request") no more than 90 and no less than 30 days prior to the first anniversary of the then existing Facility Termination Date. Promptly upon receipt of an Extension Request, the Agent shall notify each Lender thereof and shall request each Lender to approve the Extension Request. Each Lender approving the Extension Request shall deliver its written consent no later than 15 days prior the then existing Facility Termination Date. If the consent of each of the Lenders is received by the Agent, the Facility Termination Date shall be extended by one year and the Agent shall promptly notify the Borrower and each Lender of the new Facility Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Covansys Corp)

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Extension of Facility Termination Date. The Borrower may request one-year extensions an extension of the Facility Termination Date by submitting a request for an extension to the Agent (an "Extension Request") no more than 90 and no less than 30 days prior to the first second (2nd) anniversary of the then existing Facility Termination Dateclosing of this Agreement. Promptly upon receipt of an Extension Request, the Agent shall notify each Lender thereof and shall request each Lender to approve the Extension Request. Each Lender approving the Extension Request shall deliver its written consent no later than 15 days prior to such second (2nd) anniversary of the then existing Facility Termination Dateclosing of this Agreement. If the consent of each of the Lenders is received by the Agent, the Facility Termination Date shall be extended by one year and the Agent shall promptly notify the Borrower and each Lender of the new Facility Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Matrix Service Co)

Extension of Facility Termination Date. The Borrower may request a one-year extensions extension of the Facility Termination Date by submitting a request for an extension to the Agent (an "β€œExtension Request"”) no more than 90 and no less than 30 50 days prior to the first each anniversary of the then existing Facility Termination Dateclosing of this Agreement. Promptly upon receipt of an Extension Request, the Agent shall notify each Lender thereof and shall request each Lender to approve the Extension Request. Each Lender approving the Extension Request shall deliver its written consent no later than 15 days prior to such anniversary of the then existing Facility Termination Dateclosing of this Agreement. If the consent of each of the Lenders is received by the Agent, the Facility Termination Date shall be extended by one year from the then existing Facility Termination Date and the Agent shall promptly notify the Borrower and each Lender of the new Facility Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Lancaster Colony Corp)

Extension of Facility Termination Date. The Borrower may request a one-year extensions extension of the Facility Termination Date by submitting a request for an extension to the Agent (an "Extension Request") no more than 90 and no less than 30 50 days prior to the first each anniversary of the then existing Facility Termination Dateclosing of this Agreement. Promptly upon receipt of an Extension Request, the Agent shall notify each Lender thereof and shall request each Lender to approve the Extension Request. Each Lender approving the Extension Request shall deliver its written consent no later than 15 days prior to such anniversary of the then existing Facility Termination Dateclosing of this Agreement. If the consent of each of the Lenders is received by the Agent, the Facility Termination Date shall be extended by one year from the then existing Facility Termination Date and the Agent shall promptly notify the Borrower and each Lender of the new Facility Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Lancaster Colony Corp)

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Extension of Facility Termination Date. The Borrower may request a one-year extensions extension of the Facility Termination Date by submitting a request for an extension to the Agent (an "Extension Request") no more than 90 and no less than 30 days prior to the first second anniversary of the then existing Facility Termination Dateclosing of this Agreement. Promptly upon receipt of an Extension Request, the Agent shall notify each Lender thereof and shall request each Lender to approve the Extension Request. Each Lender approving the Extension Request shall deliver its written consent no later than 15 days prior to such second anniversary of the then existing Facility Termination Dateclosing of this Agreement. If the consent of each of the Lenders is received by the Agent, the Facility Termination Date shall be extended by one year and the Agent shall promptly notify the Borrower and each Lender of the new Facility Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Dmi Furniture Inc)

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