Extension of Maturity Dates. (a) The Borrower shall have one (1) option (which shall be binding on the Revolving Lenders), exercisable by written notice to the Administrative Agent (which shall promptly notify each of the Revolving Lenders) given no more than 90 days nor less than 30 days prior to the then Revolving Maturity Date (the date of such written notice, the “Revolving Notice Date”), to extend the Revolving Maturity Date to a date that is twelve (12) months following the Revolving Maturity Date in effect immediately prior to giving effect to such extension. Upon delivery of such notice, the Revolving Maturity Date shall be so extended so long as the following conditions are satisfied for each extension: (i) no Default or Event of Default has occurred and is continuing as of the Revolving Notice Date and the extension date; (ii) the representations and warranties made or deemed made by the Loan Parties in any Loan Document shall be true and correct in all material respects (other than any representation or warranty qualified as to “materiality”, “Material Adverse Effect” or similar language, which shall be true and correct in all respects) as of the Revolving Notice Date and the extension date, except to the extent that such representations and warranties expressly relate solely to an earlier date (in which case such representations and warranties shall have been true and correct in all material respects on and as of such earlier date); (iii) the Borrower shall have delivered an executed Borrowing Base Certificate and executed Compliance Certificate prepared using the most recently available financial statements of the Parent and demonstrating pro forma compliance with the Borrowing Base and the financial covenants after giving effect to any updated Appraisals required pursuant to Section 4A.02(a); and (iv) the Borrower shall have paid an extension fee equal to 0.20% of the aggregate outstanding amount of the Revolving Commitments (to the Administrative Agent for the ratable benefit of the Revolving Lenders) for such extension, determined and payable as of the Revolving Notice Date.
Extension of Maturity Dates. Each of the Revolving Syndicated Facility Maturity Date, the Operating Facility Maturity Date and the U.S. Facility Maturity Date is hereby extended to June 4, 2019, without derogating from the right of the Borrowers to further extend such date with respect to a given Lender in accordance with Sections 2.19, 2.20 or 2.21, as applicable, of the Credit Agreement.
Extension of Maturity Dates. The Maturity Date (as defined in the Notes) set forth in Section 1 of each of the Notes hereby is amended and extended to August 19, 2005, after which date each of the Notes shall be due and payable upon five (5) days demand; provided however, that if all of the conditions set forth in Section 9(b) of this Agreement, other than the condition set forth in clause (iii)(A) thereof have been satisfied as of August 19, 2005, then the Maturity Date (if all other Section 9(b) conditions remain satisfied at the commencement of each extension) shall be further amended and extended for up to four (4) successive three (3) month periods (ending respectively on November 19, 2005, February 19, 2006, May 19, 2006 and August 19, 2006) to allow such condition set forth in Section 9(b)(iii)(A) to be satisfied. If the condition set forth in Section 9(b)(iii)(A) is not satisfied by August 19, 2006, each of the Notes shall be due and payable upon five (5) days demand.
Extension of Maturity Dates. Each of the Canadian Syndicated Facility Maturity Date, the Operating Facility Maturity Date and the U.S. Facility Maturity Date is hereby extended from June 4, 2021 to June 4, 2024, without derogating from the right of the Borrowers to further extend such date with respect to a given Lender in accordance with Section 2.20, 2.21 or 2.22, as applicable, of the Credit Agreement; provided that if either (i) the Refinancing Event has not occurred on or before April 1, 2024 or (ii) the Repayment Test cannot be satisfied on April 1, 2024, then each of the Canadian Syndicated Facility Maturity Date, the Operating Facility Maturity Date and the U.S. Facility Maturity Date shall be deemed to be April 2, 2024.
Extension of Maturity Dates. Prior to the time of the First Closing, the maturity date of loans in the amount of $730,532 from the Xxxxx family to the Company shall be extended to December 31, 2004 and the maturity date of $400,000 in bridge loans to the Company (the “Bridge Facility”) and the $170,000 bridge loan from Xxxxx Xxxxx shall be extended to June 30, 2004.
Extension of Maturity Dates. Subject to satisfaction of the --------------------------- conditions in this Amendment, the Maturity Dates set forth in the Borrowing Base Note and the Exim Note shall be, and hereby are, renewed, modified and extended to September 14, 2001, and in this regard, the Borrowing Base Note, the Exim Note and all of the other Loan Documents are hereby renewed and modified (but not extinguished) by extending the Maturity Dates to September 14, 2001.
Extension of Maturity Dates. Sections 1 and 4 of the Schedule to the Loan and Security Agreement dated December 5, 2014 (Revolving Loans, Term Loan and Cap Ex Loans) and Schedule #2 to the Loan and Security Agreement dated September 1, 2015 (Term Loan B), as amended from time to time, are hereby amended to extend the Revolving Loan Maturity Date, Term Loan Maturity Date, Cap Ex Loan Maturity Date and Term Loan B Maturity Date from October 1, 2017 to January 1, 2019.
Extension of Maturity Dates. The Maturity Date (as defined and set forth in Section 1 of the Note) is amended and extended to July 15, 2004.
Extension of Maturity Dates. Parent’s failure on or before October 15 of each year during the term of the Commitment to extend the maturity of the Contemplated Subordinated Debt to a date at least 14 1/2 months after such October 15.
Extension of Maturity Dates. Each of the Canadian Syndicated Facility Maturity Date, the Operating Facility Maturity Date and the U.S. Facility Maturity Date is hereby extended from June 4, 2019 to June 4, 2020, without derogating from the right of the Borrowers to further extend such date with respect to a given Lender in accordance with Sections 2.20, 2.21 or 2.22, as applicable, of the Credit Agreement.
