Extension of Final Maturity Date. (a) Provided no Default or Event of Default has occurred that is continuing, the Borrower may request a one-year extension of the Final Maturity Date by submitting a request for an extension to the Administrative Agent (an "Extension Request") not more than eighteen (18) months nor less than fifteen (15) months prior to the then scheduled Final Maturity Date. Promptly upon (but not later than three (3) Business Days after) receipt of the Extension Request, the Administrative Agent shall notify each Lender of, and shall request each Lender, at its election, to approve or disapprove, the Extension Request. Each Lender approving the Extension Request shall deliver its written approval no later than thirty (30) days after the date of the Extension Request. If the approval of each of the Lenders is received by the Administrative Agent within thirty (30) days of the date of the Extension Request, the Administrative Agent shall promptly so notify the Borrower and each Lender and the Final Maturity Date shall be extended by one year, and in such event the Borrower may thereafter request a further extension of the then scheduled Final Maturity Date in accordance with this Section 2.17. If any of the Lenders does not deliver to the Administrative Agent such Lender's written approval to any Extension Request within thirty (30) days of the date of such Extension Request, the Final Maturity Date shall not be extended.
(b) If all of the Lenders approve an Extension Request pursuant to Section 2.17(a), the Borrower shall pay to the Administrative Agent, on or before July 1 of the year in which the Extension Request was delivered, for the account of each Lender, an extension fee equal to 0.25% times such Lender's Commitment.
Extension of Final Maturity Date of the Financing Agreement is hereby amended by adding a new clause (d) thereto to read in its entirety as follows:
Extension of Final Maturity Date. The definition of Final Maturity Date set forth in the Credit Agreement is hereby amended and restated in its entirety to read as follows:
Extension of Final Maturity Date. The Final Maturity Date under the Note Purchase Agreement and each of the Senior Promissory Notes is hereby extended to December 31, 1998, for all purposes of the Note Purchase Agreement, the Senior Promissory Notes and the Pledge Agreement, except as expressly provided in paragraph 2 of this Amendment to Note Purchase Agreement.
Extension of Final Maturity Date. (a) Subject to paragraph (b) below, the Borrower (at its option) may request that the Final Maturity Date is extended by one year to the sixth anniversary of the date of this Agreement by written notice to the Facility Agent at least 30 days but no more than 60 days prior to the Final Maturity Date (the Extension Option).
(b) If, on the Final Maturity Date:
(i) no Default is then outstanding; and
(ii) the Company or the Borrower has paid to the Facility Agent (for the account of the Lenders) a flat fee of 0.50 per cent. of the Total Commitments, the Final Maturity Date will be extended to the sixth anniversary of the date of this Agreement.
(c) The Facility Agent must notify the Lenders promptly of the exercise of the Extension Option.
Extension of Final Maturity Date. (a) The Company may request (“Extension Request”) that the Final Maturity Date and the Availability Period be extended, each for a further period of 364 days by giving notice to the Agent no more than 60 days, and not less than 30 days, before the original Final Maturity Date, which must include the fee proposed to be paid by the Company under Clause 22.4 (Extension fee).
(b) Upon receipt of an Extension Request, the Agent shall promptly notify each Bank. Each such Bank shall have the right, in its absolute discretion, to accept or decline any Extension Request and any such Bank which wishes to accept the Extension Request shall so notify the Agent no later than the date falling 15 days before the original Final Maturity Date. If any Bank does not accept an Extension Request by that date it will be deemed to have refused it.
(c) Subject to Clause 2.6 (Relationship between the Extension Option and the Term-out Option), on the original Final Maturity Date:
(i) each Borrower shall repay the participation in the Loans of each Bank that refuses the Extension Request in full;
(ii) the Commitment of each Bank that refuses the Extension Request shall be cancelled automatically; and
(iii) in respect of those Banks that accept the Extension Request only (if any), the Final Maturity Date and the Availability Period shall, respectively, be extended to the date which is 364 days after the original Final Maturity Date.
(d) No more than two Extension Requests may be given and any such request is (subject to Clause 2.6 (Relationship between the Extension Option and the Term-out Option) irrevocable.
Extension of Final Maturity Date. At any time prior to the 90th day preceding any anniversary of the Original Effective Date, the Borrower may make a written request to the Administrative Agent, who shall forward a copy of such request to each of the Banks, that the Final Maturity Date be extended by one year. The Banks may, but shall not be obligated to, agree to extend the Final Maturity Date. In any event, the Administrative Agent shall be obligated to respond in writing, affirmatively or negatively, to such request within sixty (60) days after the date of such request of extension of the Final Maturity Date made by the Borrower.
Extension of Final Maturity Date. The Final Maturity Date (as such term is defined in the Note Purchase Agreement) of the remaining Total Indebtedness ($910,233) under the Note Purchase Agreement and the Senior Promissory Note issued thereunder and payable to Antiope (the "Antiope Note") is hereby extended to December 31, 1999, for all purposes of the Note Purchase Agreement, the Antiope Note and the Pledge Agreement executed in connection therewith. Further, the stated principal amount of the Antiope Note shall be reduced to $910,233. Except to the extent modified and amended herein, the terms and conditions of the Note Purchase Agreement, the Antiope Note and the Pledge Agreement shall remain in full force and effect. All references in the Antiope Note, the Pledge Agreement or any other instrument or agreement executed and delivered in connection with the Note Purchase Agreement shall be deemed for all purposes to refer to the Note Purchase Agreement as amended hereby.
Extension of Final Maturity Date. So long as no Default exists, the Final Maturity Date shall automatically be extended for an additional 364 days from the then current Final Maturity Date unless the Company or any Lender provides written notice to the Agent no later than 120 days prior to such Final Maturity Date that it does not agree to such extension; provided however, the Final Maturity Date shall not be so extended more than three (3) times.
Extension of Final Maturity Date. The Final Maturity Date is -------------------------------- hereby extended to July 1, 2000. Pursuant to the provisions of Section 2.17(b) of the Credit Agreement, an extension fee in the amount of 0.25% of the Commitments is due and payable by the Borrower on the date hereof, but no extension fee is payable with respect to the $50,000,000 increase in the Commitments provided for in Paragraph 2(a) above.
