Common use of Extension of Final Maturity Date Clause in Contracts

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).

Appears in 1 contract

Samples: Facility Agreement (Spirent PLC)

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Extension of Final Maturity Date. (a) The Company may request (“Extension Request”) that So long as no Default exists, the Final Maturity Date and the Availability Period shall automatically be extended, each extended for a further period of an additional 364 days by giving 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 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 three (Extension fee)3) times.

Appears in 1 contract

Samples: Credit Agreement (Memberworks Inc)

Extension of Final Maturity Date. (a) The Company may request (“Extension Request”) that the Final Maturity Date and the Availability Period be extended, each extended for a further period of 364 365 days by giving not less than 60, and not more than 90, days’ notice to the Agent no more than 60 days, and not less than 30 days, before prior to the original Final Maturity Date, which must include first anniversary of the fee proposed to be paid by date of this Agreement (the Company under Clause 22.4 (First Extension feeOption).

Appears in 1 contract

Samples: Agreement (Scottish Power PLC)

Extension of Final Maturity Date. (a) The Company may request (“Extension Request”) that So long as no Default exists, the Final Maturity Date and the Availability Period shall automatically be extended, each extended for a further period of an additional 364 days by giving from the then current Final Maturity Date unless the Company or any Lender provides written notice to the Agent no later than 30 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 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 three (Extension fee)3) times.

Appears in 1 contract

Samples: Credit Agreement (Memberworks Inc)

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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).

Appears in 1 contract

Samples: Agreement (Spirent PLC)

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