Common use of EXTENSION OF MATURITY OF THE LOANS Clause in Contracts

EXTENSION OF MATURITY OF THE LOANS. 4.1 Subject to the conditions set forth in Clause 2 hereof, effective as of the Effective Date the Lender hereby agrees to extend the Termination Date under the Facility Agreement to September 4, 2015 (except that, if the Termination Date would otherwise fall on a day which is not a Business Day, it will instead be the immediately preceding Business Day). 4.2 It is further agreed that the Additional Payment due pursuant to Clause 4.2 of the Eleventh Extension Agreement and the July Interest Payment shall be due on the Termination Date and if not made when due shall constitute an Unpaid Sum (as defined in the Facility Agreement) accruing default interest at the rate set forth in Clause 3.8 and shall be subject to the provisions set forth therein.

Appears in 2 contracts

Samples: Extension Agreement, Extension Agreement (Far East Energy Corp)

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EXTENSION OF MATURITY OF THE LOANS. 4.1 Subject to the conditions set forth in Clause 2 hereof, effective as of the Effective Date the Lender hereby agrees to extend the Termination Date under the Facility Agreement to September 4July 3, 2015 (except that, if the Termination Date would otherwise fall on a day which is not a Business Day, it will instead be the immediately preceding Business Day). 4.2 It is further agreed that the Additional Payment due pursuant to Clause 4.2 of the Eleventh Tenth Extension Agreement and the July June Interest Payment shall be due on the Termination Date and if not made when due shall constitute an Unpaid Sum (as defined in the Facility Agreement) accruing default interest at the rate set forth in Clause 3.8 and shall be subject to the provisions set forth therein.

Appears in 1 contract

Samples: Extension Agreement (Far East Energy Corp)

EXTENSION OF MATURITY OF THE LOANS. 4.1 Subject to the conditions set forth in Clause 2 hereof, effective as of the Effective Date the Lender hereby agrees to extend the Termination Date under the Facility Agreement to September 4December 31, 2015 2014 (except that, if the Termination Date would otherwise fall on a day which is not a Business Day, it will instead be the immediately preceding Business Day). 4.2 It is further agreed that the Additional Payment due pursuant to Clause 4.2 of the Eleventh Fourth Extension Agreement and the July November Interest Payment shall be due on the Termination Date and if not made when due shall constitute an Unpaid Sum (as defined in the Facility Agreement) accruing default interest at the rate set forth in Clause 3.8 and shall be subject to the provisions set forth therein.

Appears in 1 contract

Samples: Fifth Extension Agreement (Far East Energy Corp)

EXTENSION OF MATURITY OF THE LOANS. 4.1 Subject to the conditions set forth in Clause 2 hereof, effective as of the Effective Date the Lender hereby agrees to extend the Termination Date under the Facility Agreement to September 4June 1, 2015 (except that, if the Termination Date would otherwise fall on a day which is not a Business Day, it will instead be the immediately preceding Business Day). 4.2 It is further agreed that the Additional Payment due pursuant to Clause 4.2 of the Eleventh Ninth Extension Agreement and the July April Interest Payment shall be due on the Termination Date and if not made when due shall constitute an Unpaid Sum (as defined in the Facility Agreement) accruing default interest at the rate set forth in Clause 3.8 and shall be subject to the provisions set forth therein.

Appears in 1 contract

Samples: Tenth Extension Agreement (Far East Energy Corp)

EXTENSION OF MATURITY OF THE LOANS. 4.1 Subject to the conditions set forth in Clause 2 hereof, effective as of the Effective Date the Lender hereby agrees to extend the Termination Date under the Facility Agreement to September 4October 8, 2015 (except that, if the Termination Date would otherwise fall on a day which is not a Business Day, it will instead be the immediately preceding Business Day). 4.2 It is further agreed that the Additional Payment due pursuant to Clause 4.2 of the Eleventh Twelfth Extension Agreement and the July September Interest Payment shall be due on the Termination Date and if not made when due shall constitute an Unpaid Sum (as defined in the Facility Agreement) accruing default interest at the rate set forth in Clause 3.8 and shall be subject to the provisions set forth therein.

Appears in 1 contract

Samples: Extension Agreement (Far East Energy Corp)

EXTENSION OF MATURITY OF THE LOANS. 4.1 Subject to the conditions set forth in Clause 2 hereof, effective as of the Effective Date the Lender hereby agrees to extend the Termination Date under the Facility Agreement to September 4February 13, 2015 (except that, if the Termination Date would otherwise fall on a day which is not a Business Day, it will instead be the immediately preceding Business Day). 4.2 It is further agreed that the Additional Payment due pursuant to Clause 4.2 of the Eleventh Sixth Extension Agreement and the July January Interest Payment shall be due on the Termination Date and if not made when due shall constitute an Unpaid Sum (as defined in the Facility Agreement) accruing default interest at the rate set forth in Clause 3.8 and shall be subject to the provisions set forth therein.

Appears in 1 contract

Samples: Seventh Extension Agreement (Far East Energy Corp)

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EXTENSION OF MATURITY OF THE LOANS. 4.1 Subject to the conditions set forth in Clause 2 hereof, effective as of the Effective Date the Lender hereby agrees to extend the Termination Date under the Facility Agreement to September 4January 15, 2015 (except that, if the Termination Date would otherwise fall on a day which is not a Business Day, it will instead be the immediately preceding Business Day). 4.2 It is further agreed that the Additional Payment due pursuant to Clause 4.2 of the Eleventh Fifth Extension Agreement and the July December Interest Payment shall be due on the Termination Date and if not made when due shall constitute an Unpaid Sum (as defined in the Facility Agreement) accruing default interest at the rate set forth in Clause 3.8 and shall be subject to the provisions set forth therein.

Appears in 1 contract

Samples: Extension Agreement (Far East Energy Corp)

EXTENSION OF MATURITY OF THE LOANS. 4.1 Subject to the conditions set forth in Clause 2 hereof, effective as of the Effective Date the Lender hereby agrees to extend the Termination Date under the Facility Agreement to September 4April 30, 2015 (except that, if the Termination Date would otherwise fall on a day which is not a Business Day, it will instead be the immediately preceding Business Day). 4.2 It is further agreed that the Additional Payment due pursuant to Clause 4.2 of the Eleventh Eighth Extension Agreement and the July March Interest Payment shall be due on the Termination Date and if not made when due shall constitute an Unpaid Sum (as defined in the Facility Agreement) accruing default interest at the rate set forth in Clause 3.8 and shall be subject to the provisions set forth therein.

Appears in 1 contract

Samples: Ninth Extension Agreement (Far East Energy Corp)

EXTENSION OF MATURITY OF THE LOANS. 4.1 Subject to the conditions set forth in Clause 2 hereof, effective as of the Effective Date the Lender hereby agrees to extend the Termination Date under the Facility Agreement to September 4March 31, 2015 (except that, if the Termination Date would otherwise fall on a day which is not a Business Day, it will instead be the immediately preceding Business Day). 4.2 It is further agreed that the Additional Payment due pursuant to Clause 4.2 of the Eleventh Seventh Extension Agreement and the July February Interest Payment shall be due on the Termination Date and if not made when due shall constitute an Unpaid Sum (as defined in the Facility Agreement) accruing default interest at the rate set forth in Clause 3.8 and shall be subject to the provisions set forth therein.

Appears in 1 contract

Samples: Eighth Extension Agreement (Far East Energy Corp)

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