Extension of Initial Maturity Date. (a) Subject to the provisions of this Section 2.9, the Borrower may, by notice (the “Extension Notice”) delivered to the Agent not later than ninety (90) days prior to the Initial Maturity Date, extend the Maturity Date to the date that is the first anniversary of the Initial Maturity Date. The Borrower’s right to extend the Maturity Date shall be subject to the satisfaction of each of the following conditions precedent as of the delivery of the Extension Notice and as of the Initial Maturity Date:
Extension of Initial Maturity Date. The Borrower shall have a one time ---------------------------------- option, exercisable as hereinafter provided, to extend the Initial Maturity Date of the Notes for an additional one year period (the "Renewal Term") to the first anniversary of the Initial Maturity Date upon the completion by the Borrower of the following conditions prior to the Initial Maturity Date to the satisfaction of the Agents.
Extension of Initial Maturity Date. The Final Maturity Date shall be deemed to be the Outside Maturity Date as of 5:00 p.m. New York City time on the Initial Maturity Date, if the following conditions shall have been satisfied: (a) not less than fourteen (14) days prior to the Initial Maturity Date, the Administrative Agent shall have received irrevocable notice from the Borrower requesting that that the Final Maturity Date be the Outside Maturity Date, which notice shall be accompanied by a non-refundable fee payable to the Administrative Agent for the account of the Lenders in an amount equal to $875,000; (b) on the Business Day immediately prior to the Initial Maturity Date, the Borrower shall have remitted to the Administrative Agent a certificate from the Borrower’s chief financial officer certifying that no Default or Event has occurred or is continuing; (c) on the Initial Maturity Date, no Default has occurred and is continuing; and (d) as of the Initial Maturity Date, all fees and expenses then invoiced to the Borrower shall have been paid in full.
Extension of Initial Maturity Date. (1) Unless previously accelerated, or extended pursuant to this Section 2.6. all Obligations with respect to the Loans shall be paid in full no later than 1:00 p.m., New York time on the Initial Maturity Date. Provided that no Potential Default or Event of Default shall have occurred and be continuing, the Borrower shall have the option, to be exercised by giving written notice to the Administrative Agent at least one year and thirty days prior to the Initial Maturity Date (and in any event concurrently with the extension by the Senior Borrowers of the Senior Loans pursuant to Section 2.6 the Senior Credit Agreement and the extension by the Junior Mezzanine Borrowers of the Junior Mezzanine Loans pursuant to Section 2.6 of the Junior Mezzanine Credit Agreement), subject to the terms and conditions set forth in this Agreement, to extend the Initial Maturity Date by twelve (12) months to August 1, 2010 (the “Extension Period”). The request by the Borrower for the extension of the Initial Maturity Date shall constitute a representation and warranty by the Borrower that no Potential Default or Event of Default then exists and that all of the conditions set forth in Section 2.6(2) below shall have been satisfied on the Initial Maturity Date. Provided that all conditions to the extension required to be satisfied as of the Extension Date (as set forth in this Section 2.6) are then satisfied, the extension shall become effective concurrently with the extension of the Senior Loans and Senior Mezzanine Loans (the “Extension Date”), subject however to the further satisfaction of all conditions to the extension required to be satisfied as of the Initial Maturity Date (as set forth in this Section 2.6).
Extension of Initial Maturity Date. (a) Unless the Refinancing Portion of the Loan has been repaid in full on or before the Initial Maturity Date out of the proceeds of the Rights Offering, the Backstop Commitment and/or the Unit Private Placement, the Borrower agrees that it will issue and deliver to Time Warner Inc. (or any of its designated Affiliates) Requisite Amount of Term Warrants on or before the Initial Maturity Date.
Extension of Initial Maturity Date. At least 90 days prior to the Initial Maturity Date, the Borrower, by written notice to the Administrative Agent, may request, with respect to the Revolving Commitments then outstanding and the Term Loan then outstanding, a single one-year extension of the Initial Maturity Date. The Administrative Agent shall promptly notify each Lender of such request and the Initial Maturity Date shall, effective as at the Initial Maturity Date (the “Extension Date”), be extended for an additional one year period, provided that the Borrower shall have paid the extension fee as described in Section 2.07(d) and on the Extension Date the following statements shall be true and the Administrative Agent shall have received for the account of each Lender a certificate signed by a Responsible Officer of the Borrower, dated the Extension Date, stating that: (a) the representations and warranties contained in the Loan Documents are true and correct in all material respects on and as of the Extension Date with the same effect as though made on and as of such date, except to the extent such representations and warranties expressly relate to an earlier date, (b) no Default or Event of Default has occurred and is continuing or would result from such extension, and (c) the Loan Parties are in compliance with the covenants contained in Sections 6.11, 6.12 and 6.13 immediately before and, on a pro forma basis, immediately after the extension, together with supporting information demonstrating such compliance. In the event that an extension is effected pursuant to this Section 2.16 (but subject to the provisions of Sections 2.05 and 2.06 and Article VII), the aggregate principal amount of all Loans shall be repaid in full ratably to the Lenders on the Initial Maturity Date as so extended. As of the Extension Date, any and all references in this Agreement or any of the other Loan Documents to the “Initial Maturity Date” shall refer to the Initial Maturity Date as so extended.
Extension of Initial Maturity Date. Certain Lenders have consented to extend all or a portion of their obligations and Commitments under certain Tranches and/or the Fronting Commitments (with respect to a Fronting Lender) to the Extended Maturity Date in the Third Amendment. Each such consent shall be irrevocable (subject to clause (a) of Section 8.10.2) and the Extended Commitments of each such Lender are binding on such Lender and any assignee of such Extended Commitments. After the Third Amendment Effective Date, existing Lenders and Subsequent Lenders may elect to extend their obligations and Commitments under any Tranche to the Extended Maturity Date by utilizing the accordion option set forth in Section 8.13.
Extension of Initial Maturity Date. (i) Subject to the following conditions, to the extent corresponding elections to extend the maturity of all or a portion of the Notes are made by the holders thereof, the Owner shall elect, on an Election Date specified in Schedule A, to extend the Initial Maturity Date of this Contract with respect to all or a corresponding portion of the Deposit, (in Authorized Denominations) so that the maturity of the Contract with respect to the entire Deposit or such portion thereof, as applicable, will be extended to the date which is 366 calendar days from and including the 19th calendar day of the next succeeding month following each Election Date. Such extended Initial Maturity Date shall be a Repayment Date and the Contract Payment made on such Repayment Date will equal the applicable Deposit amount plus all accrued, but previously unpaid, Interest thereon plus Additional Amounts, if any.
Extension of Initial Maturity Date. Each Extending Lender hereby confirms that pursuant to Section 2.22 of the Credit Agreement (a) it has agreed to the Extension and (b) effective as of the date hereof, the Maturity Date with respect to such Person’s Commitment shall be January 14, 2020.
Extension of Initial Maturity Date. The Company may, by written notice to the Administrative Agent no less than 30 days nor more than 40 days prior to the Initial Maturity Date, elect that the Initial Maturity Date for no more than $500,000,000 of the outstanding amount of Loans drawn hereunder be extended to a date which is 364 days after the Initial Maturity Date. Upon receipt of such notice, the Administrative Agent shall promptly give notice to each Lender of the Company's election to extend the Initial Maturity Date. During the period that the Initial Maturity Date is extended, any Loans repaid or prepaid by the Company may not be reborrowed.
