Common use of Extension of Maturity Dates Clause in Contracts

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. (a) The On the Tranche B Maturity Date, the principal amount then outstanding under each Tranche B Loan that would otherwise be due and payable on such Maturity Date shall become due and payable as of the Tranche B Extended Maturity Date automatically and without further notice, unless (i) the Lender with respect to such Loan shall, at its sole discretion, have provided written notice substantially in the form of Exhibit G (each such notice, a "Non-Extension Notice") to the Borrower and the Administrative Agent, not less than 90 days prior to the Tranche B Maturity Date, that such Lender will not extend the maturity of such Loan to the Tranche B Extended Maturity Date or (ii) Lenders representing more than fifty percent of the total aggregate principal Dollar Amount of the Loans outstanding under Tranche B and Tranche C shall have one (1) option (which shall be binding on provided Non-Extension Notices to the Revolving Lenders), exercisable by written notice to Borrower and the Administrative Agent (which shall promptly notify each of the Revolving Lenders) given no more not less than 90 days nor less prior to the Tranche B Maturity Date. In the case of (i) above, the principal amount outstanding under each such Tranche B Loan shall be due and payable on the Tranche B Maturity Date. In the case of (ii) above, the principal amount outstanding under all Tranche B Loans shall be due and payable on the Tranche B Maturity Date. The Administrative Agent shall provide to each Tranche B Lender, not later than 30 days prior to the then Revolving Tranche B Maturity Date, a notice specifying the Maturity Date (applicable to the date Tranche B Loans 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 DateLender.

Extension of Maturity Dates. (a) The Borrower shall have one two (12) option options (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 90 180 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 six (126) 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 dateDate; (ii) the representations and warranties made or deemed made by the Loan Parties Borrower 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 dateDate, 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); and (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 0.200.0725% of the aggregate outstanding amount of the Revolving Commitments (to the Administrative Agent for the ratable benefit of the Revolving Lenders) for such each extension, determined and payable as of the Revolving Notice Date.

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 six (126) 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 dateDate; (ii) the representations and warranties made or deemed made by the Loan Parties Borrower in any Loan Document shall be true and correct in all material respects (other than any representation or warranty DB3/ 204481699.8 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 dateDate, 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) since the Effective Date and on or prior to the Revolving Notice Date, the Borrower shall have delivered prepaid Term Loans on or prior to the Revolving Notice Date in an executed Borrowing Base Certificate and executed Compliance Certificate prepared using the most recently available financial statements amount equal to 50% of the Parent and demonstrating pro forma compliance with sum of (A) the Borrowing Base and initial aggregate principal amount of the financial covenants after giving effect Term Loans plus (B) the initial aggregate principal amount of the Revolving Loans advanced to any updated Appraisals required pursuant to Section 4A.02(a)consummate the Rockpoint Redemption; and (iv) the Borrower shall have paid an extension fee equal to 0.200.50% 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.