Common use of Extension of Final Maturity Date for Facility B Clause in Contracts

Extension of Final Maturity Date for Facility B. (a) The Company may request (a First Extension Request) that the Original Facility B Final Maturity Date be extended for a further period of 6 months by giving notice to the Facility Agent no more than 15 Business Days, and not less than 5 Business Days, before the Original Facility B Final Maturity Date. If the Facility Agent receives a First Extension Request it must promptly forward a copy of that request to the Lenders under Facility B. (b) Following delivery of a First Extension Request and subject to the payment of the First Extension Fee referred to in paragraph (c) below, the Original Facility B Final Maturity Date will be extended for a further period of 6 months (such extended Final Maturity Date being the Extended Facility B Final Maturity Date). (c) The Company must pay to the Lenders under Facility B on the Original Facility B Final Maturity Date before it is extended pursuant to the First Extension Request an extension fee (the First Extension Fee) of 0.20 per cent. on the Total Facility B Commitments on that date. (d) If the Original Facility B Final Maturity Date has been extended to the Extended Facility B Final Maturity Date, the Company may request (a Second Extension Request) that the Extended Facility B Final Maturity Date be extended for a further period of 6 months by giving notice to the Facility Agent no more than 15 Business Days, and not less than 5 Business Days, before the Extended Facility B Final Maturity Date. If the Facility Agent receives a Second Extension Request it must promptly forward a copy of that request to the Lenders under Facility B. (e) Following delivery of a Second Extension Request and subject to the payment of the Second Extension Fee referred to in paragraph (f) below, the Extended Facility B Final Maturity Date will be extended for a further period of 6 months (the Second Extended Facility B Final Maturity Date). (f) The Company must pay to the Lenders under Facility B on the Extended Facility B Final Maturity Date before it is extended pursuant to the Second Extension Request an extension fee (the Second Extension Fee) of 0.25 per cent. on the Total Facility B Commitments on that date. (g) Any request for an extension under this Clause is irrevocable.