Common use of Extension of Lender's Commitment Clause in Contracts

Extension of Lender's Commitment. The Lender’s Commitment shall terminate on the Commitment Termination Date. Notwithstanding the foregoing: (a) Not more than 90 days prior to the Liquidity Termination Date in effect from time to time, the Borrower may request that the Lender or the Administrator, on the Lender’s behalf, seek the Liquidity Banks’ consent to extend the Liquidity Termination Date for a period of up to 364 days (it being understood that, for regulatory capital purposes, if the Liquidity Banks commit to extend more than one month prior to the existing Liquidity Termination Date, the period until the existing Liquidity Termination Date must be included in computing the duration of such 364-day period), and (b) Not more than 90 days prior to the Scheduled Commitment Termination Date in effect from time to time, the Borrower may request that the Lender consent to extend the Scheduled Commitment Termination Date for a period of up to 364 days (it being understood that, for regulatory capital purposes, if the Liquidity Banks commit to extend more than one month prior to the existing Liquidity Termination Date, the period until the existing Liquidity Termination Date must be included in computing the duration of such 364-day period). The Administrator shall advise the Borrower in writing whether each request made pursuant to clause (a) or clause (b) above has been granted as promptly as possible (but in no event later than 30 days after such request has been made) and whether such consent is subject to satisfaction of any conditions precedent. If any such request is not granted within 30 days after such request has been made, the Liquidity Termination Date or Scheduled Commitment Termination Date, as the case may be shall remain unchanged. If any such request is granted within 30 days after such request has been made, the Liquidity Termination Date or Scheduled Commitment Termination Date, as the case may be, shall be extended as provided in the Administrator’s confirmatory written notice upon satisfaction of any conditions precedent specified therein.

Extension of Lender's Commitment. The Lender’s Commitment shall terminate on the Commitment Termination Date. Notwithstanding the foregoing: (a) Lender or Administrator, on Lender’s behalf, shall use reasonable effort to give Borrower not less than 60 days’ prior notice of any scheduled termination of the Credit Banks’ commitments under the Credit Agreement and shall promptly notify Borrower of any extension thereof, (b) Not more than 90 60 days prior to the Liquidity Termination Date in effect from time to time, the Borrower may request that the Lender or the Administrator, on the Lender’s behalf, seek the Liquidity Banks’ consent to extend the Liquidity Termination Date for a period which, when aggregated with the number of up to 364 days (it being understood that, for regulatory capital purposes, if the Liquidity Banks commit to extend more than one month prior to the existing Liquidity Termination Date, the period remaining until the existing Liquidity Termination Date must be included would not cause the Liquidity Banks’ commitments under the Liquidity Agreement as so extended to exceed 364 days in computing the duration of such 364-day period)toto, and (bc) Not more than 90 60 days prior to the Scheduled Commitment Termination Date in effect from time to time, the Borrower may request that the Lender consent to extend the Scheduled Commitment Termination Date for a period of up to 364 days (it being understood that, for regulatory capital purposes, if the Liquidity Banks commit to extend more than one month prior to the existing Liquidity Termination Date, the period until the existing Liquidity Termination Date must be included in computing the duration of such an additional 364-day period). The Administrator shall advise the Borrower in writing whether each request made pursuant to the foregoing clause (ab) or clause (bc) above has been granted as promptly as possible within thirty (but in no event later than 30 30) days after such request has been made) made and whether such consent is subject to satisfaction of any conditions precedent. If any such request is not granted within 30 thirty (30) days after such request has been made, the Liquidity Termination Date or Scheduled Commitment Termination Date, as the case may be be, shall remain unchanged. If any such request is granted within 30 thirty (30) days after such request has been made, the Liquidity Termination Date or Scheduled Commitment Termination Date, as the case may be, shall be extended as provided in the Administrator’s confirmatory written notice upon satisfaction of any conditions precedent specified thereintherein (including, without limitation, payment of the Extension Fee).

Extension of Lender's Commitment. The Lender’s 's Commitment shall terminate on the Commitment Termination Date. Notwithstanding the foregoing: (a) Lender or Administrator, on Lender's behalf, shall use reasonable effort to give Borrower not less than 60 days' prior notice of any scheduled termination of the Credit Banks' commitments under the Conduit Credit Agreement and shall promptly notify Borrower of any extension thereof, (b) Not more than 90 60 days prior to the Liquidity Termination Date in effect from time to time, the Borrower may request that the Lender or the Administrator, on the Lender’s 's behalf, seek the Liquidity Banks’ ' consent to extend the Liquidity Termination Date for a period which, when aggregated with the number of up to 364 days (it being understood that, for regulatory capital purposes, if the Liquidity Banks commit to extend more than one month prior to the existing Liquidity Termination Date, the period remaining until the existing Liquidity Termination Date must be included would not cause the Liquidity Banks' commitments under the Liquidity Agreement as so extended to exceed 364 days in computing the duration of such 364-day period)toto, and (bc) Not more than 90 60 days prior to the Scheduled Commitment Termination Date in effect from time to time, the Borrower may request that the Lender consent to extend the Scheduled Commitment Termination Date for a period of up to 364 days (it being understood that, for regulatory capital purposes, if the Liquidity Banks commit to extend more than one month prior to the existing Liquidity Termination Date, the period until the existing Liquidity Termination Date must be included in computing the duration of such an additional 364-day period). The Administrator shall advise the Borrower in writing whether each request made pursuant to the foregoing clause (ab) or clause (bc) above has been granted as promptly as possible within thirty (but in no event later than 30 30) days after such request has been made) made and whether such consent is subject to satisfaction of any conditions precedent. If any such request is not granted within 30 thirty (30) days after such request has been made, the Liquidity Termination Date or Scheduled Commitment Termination Date, as the case may be be, shall remain unchanged. If any such request is granted within 30 thirty (30) days after such request has been made, the Liquidity Termination Date or Scheduled Commitment Termination Date, as the case may be, shall be extended as provided in the Administrator’s confirmatory 's written notice upon satisfaction of any conditions precedent specified thereintherein (including, without limitation, payment of the Extension Fee).

Extension of Lender's Commitment. The Lender’s Commitment Lenders’ Commitments shall terminate on the Commitment Termination Date. Notwithstanding the foregoing: (a) Not more than 90 days prior to the Liquidity Termination Date in effect from time to time, the Borrower may request that the Lender Three Pillars or the Administrator, on the Lender’s Three Pillars’ behalf, seek the Liquidity Banks’ consent to extend the Liquidity Termination Date for a period of up to 364 days three years (it being understood that, for regulatory capital purposes, if the Liquidity Banks commit to extend more than one month prior to the existing Liquidity Termination Date, the period until the existing Liquidity Termination Date must be included in computing the duration of such 364-day three year period), and (b) Not more than 90 days prior to the Scheduled Commitment Termination Date in effect from time to time, the Borrower may request that the each Lender consent to extend the Scheduled Commitment Termination Date for a period of up to 364 days three years (it being understood that, for regulatory capital purposes, if the Liquidity Banks commit to extend more than one month prior to the existing Liquidity Termination Date, the period until the existing Liquidity Termination Date must be included in computing the duration of such 364-day three year period). The Administrator shall advise the Borrower in writing whether each request made pursuant to clause (a) or clause (b) above has been granted as promptly as possible (but in no event later than 30 days after such request has been made) and whether such consent is subject to satisfaction of any conditions precedent. If any such request is not granted within 30 days after such request has been made, the Liquidity Termination Date or Scheduled Commitment Termination Date, as the case may be shall remain unchanged. If any such request is granted within 30 days after such request has been made, the Liquidity Termination Date or Scheduled Commitment Termination Date, as the case may be, shall be extended as provided in the Administrator’s confirmatory written notice upon satisfaction of any conditions precedent specified therein.

Extension of Lender's Commitment. The Lender’s 's Commitment shall terminate on the Commitment Termination Date. Notwithstanding the foregoing: (a) Lender or Administrator, on Lender's behalf, shall use reasonable effort to give Borrower not less than 60 days' prior notice of any scheduled termination of the Credit Banks' commitments under the Credit Agreement and shall promptly notify Borrower of any extension thereof, (b) Not more than 90 days prior to the Liquidity Termination Date in effect from time to time, the Borrower may request that the Lender or the Administrator, on the Lender’s 's behalf, seek the Liquidity Banks’ ' consent to extend the Liquidity Termination Date for a period which, when aggregated with the number of up to 364 days (it being understood that, for regulatory capital purposes, if the Liquidity Banks commit to extend more than one month prior to the existing Liquidity Termination Date, the period remaining until the existing Liquidity Termination Date must be included would not cause the Liquidity Banks' commitments under the Liquidity Agreement as so extended to exceed 364 days in computing the duration of such 364-day period)toto, and (bc) Not more than 90 days prior to the Scheduled Commitment Termination Date in effect from time to time, the Borrower may request that the Lender consent to extend the Scheduled Commitment Termination Date for a period of up to 364 days (it being understood that, for regulatory capital purposes, if the Liquidity Banks commit to extend more than one month prior to the existing Liquidity Termination Date, the period until the existing Liquidity Termination Date must be included in computing the duration of such an additional 364-day period). The Administrator shall advise the Borrower in writing whether each request made pursuant to the foregoing clause (ab) or clause (bc) above has been granted as promptly as possible within thirty (but in no event later than 30 30) days after such request has been made) made and whether such consent is subject to satisfaction of any conditions precedent. If any such request is not granted within 30 thirty (30) days after such request has been made, the Liquidity Termination Date or Scheduled Commitment Termination Date, as the case may be be, shall remain unchanged. If any such request is granted within 30 thirty (30) days after such request has been made, the Liquidity Termination Date or Scheduled Commitment Termination Date, as the case may be, shall be extended as provided in the Administrator’s confirmatory 's written notice upon satisfaction of any conditions precedent specified therein.