Common use of Extension of Maturity Clause in Contracts

Extension of Maturity. If the maturity of any Letter of Credit is extended by its terms or by Law or governmental action, if any extension of the maturity or time for presentation of drafts or any other modification of the terms of any Letter of Credit is made at the request of any Restricted Person, or if the amount of any Letter of Credit is increased at the request of any Restricted Person, this Agreement shall be binding upon all Restricted Persons with respect to such Letter of Credit as so extended, increased or otherwise modified, with respect to drafts and property covered thereby, and with respect to any action taken by LC Issuer, LC Issuer’s correspondents, or any Lender Party in accordance with such extension, increase or other modification.

Appears in 23 contracts

Samples: Credit Agreement (Comfort Systems Usa Inc), Credit Agreement (Remora Royalties, Inc.), Credit Agreement (Comfort Systems Usa Inc)

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Extension of Maturity. If the maturity of any Letter of Credit is extended by its terms or by Law or governmental action, if any extension of the maturity or time for presentation of drafts or any other modification of the terms of any Letter of Credit is made at the request of any Restricted PersonBorrower, or if the amount of any Letter of Credit is increased at the request of any Restricted PersonBorrower, this Agreement shall be binding upon all Restricted Persons with respect to such Letter of Credit as so extended, increased or otherwise modified, with respect to drafts and property covered thereby, and with respect to any action taken by LC Issuer, LC Issuer’s 's correspondents, or any Lender Party in accordance with such extension, increase or other modification.

Appears in 10 contracts

Samples: Credit Agreement (Pacific Energy Partners Lp), Credit Agreement (Plains All American Pipeline Lp), Credit Agreement (Plains All American Pipeline Lp)

Extension of Maturity. If the maturity of any Letter of Credit is extended by its terms or by Law or governmental action, if any extension of the maturity or time for presentation of drafts or any other modification of the terms of any Letter of Credit is made at the request of any Restricted Personthe Borrower, or if the amount of any Letter of Credit is increased or decreased at the request of any Restricted Personthe Borrower, this Agreement shall be binding upon the Borrower and all Restricted Persons of its Subsidiaries with respect to such Letter of Credit as so extended, increased increased, decreased or otherwise modified, with respect to drafts and property covered thereby, and with respect to any action taken by LC Issuer, LC Issuer’s correspondents, or any Lender Party in accordance with such extension, increase increase, decrease or other modification.

Appears in 6 contracts

Samples: Credit Agreement (NuStar Energy L.P.), Credit Agreement (Sunoco LP), Credit Agreement (Sunoco LP)

Extension of Maturity. If the maturity of any Letter of Credit is extended by its terms or by Law or governmental action, if any extension of the maturity or time for presentation of drafts or any other modification of the terms of any Letter of Credit is made at the request of any Restricted Personthe Borrower, or if the amount of any Letter of Credit is increased or decreased at the request of any Restricted Personthe Borrower, this Agreement shall be binding upon all Restricted Persons with respect to such Letter of Credit as so extended, increased increased, decreased or otherwise modified, with respect to drafts and property covered thereby, and with respect to any action taken by LC Issuer, LC Issuer’s correspondents, or any Lender Party in accordance with such extension, increase increase, decrease or other modification.

Appears in 6 contracts

Samples: Credit Agreement (Energy Transfer Equity, L.P.), Credit Agreement (Energy Transfer Equity, L.P.), Credit Agreement (Energy Transfer Partners, L.P.)

Extension of Maturity. If the maturity of any Letter of Credit is extended by its terms or by Law or governmental action, if any extension of the maturity or time for presentation of drafts or any other modification of the terms of any Letter of Credit is made at the request of any Restricted Person, or if the amount of any Letter of Credit is increased at the request of any Restricted Person, this Agreement shall be binding upon all Restricted Persons with respect to such Letter of Credit as so extended, increased or otherwise modified, with respect to drafts and property covered thereby, and with respect to any action taken by LC Issuer, LC Issuer’s 's correspondents, or any Lender Party in accordance with such extension, increase or other modification.

Appears in 5 contracts

Samples: Credit Agreement (Comfort Systems Usa Inc), Credit Agreement (Westport Resources Corp), Credit Agreement (Forcenergy Inc)

Extension of Maturity. If the maturity of any Letter of Credit is extended by its terms or by Law or governmental action, if any extension of the maturity or time for presentation of drafts or any other modification of the terms of any Letter of Credit is made at the request of any Restricted Person, or if the amount of any Letter of Credit is increased at the request of any Restricted Person, this Agreement shall be binding upon all Restricted Persons with respect to such Letter of Credit as so extended, increased or otherwise modified, with respect to drafts and property covered thereby, and with respect to any action taken by LC Issuer, LC Issuer’s 's correspondents, or any Lender Bank Party in accordance with such extension, increase or other modification.

Appears in 4 contracts

Samples: Credit Agreement (Continental Natural Gas Inc), Credit Agreement (Chesapeake Energy Corp), Credit Agreement (Chesapeake Energy Corp)

Extension of Maturity. If the maturity of any Letter of Credit is extended by its terms or by Law or governmental action, if any extension of the maturity or time for presentation of drafts or any other modification of the terms of any Letter of Credit is made at the request of any Restricted Personthe Borrower, or if the amount of any Letter of Credit is increased or decreased at the request of any Restricted Personthe Borrower, this Agreement shall be binding upon all Restricted Persons with respect to such Letter of Credit as so extended, increased increased, decreased or otherwise modified, with respect to drafts and property covered thereby, and with respect to any action taken by the LC Issuer, the LC Issuer’s correspondents, or any Lender Party in accordance with such extension, increase increase, decrease or other modification.

Appears in 4 contracts

Samples: Credit Agreement (Energy Transfer Equity, L.P.), Credit Agreement (Energy Transfer Equity, L.P.), Credit Agreement (Energy Transfer Equity, L.P.)

Extension of Maturity. If the maturity of any Letter of Credit is extended by its terms or by Law or governmental action, or if any extension of the maturity or time for presentation of drafts or any other modification of the terms of any Letter of Credit is made at the request of any Restricted Person, or if the amount of any Letter of Credit is increased at the request of any Restricted Person, this Agreement shall be binding upon all Restricted Persons with respect to such Letter of Credit as so extended, increased or otherwise modified, with respect to drafts and property covered thereby, and with respect to any action taken by LC Issuer, LC Issuer’s 's correspondents, or any Lender Bank Party in accordance with such extension, increase or other modification.

Appears in 3 contracts

Samples: Credit Agreement (North Coast Energy Inc / De/), Credit Agreement (North Coast Energy Inc / De/), Credit Agreement (United States Exploration Inc)

Extension of Maturity. If the maturity of any Letter of Credit is --------------------- extended by its terms or by Law or governmental action, if any extension of the maturity or time for presentation of drafts or any other modification of the terms of any Letter of Credit is made at the request of any Restricted PersonBorrower, or if the amount of any Letter of Credit is increased at the request of any Restricted PersonBorrower, this Agreement shall be binding upon all Restricted Persons with respect to such Letter of Credit as so extended, increased or otherwise modified, with respect to drafts and property covered thereby, and with respect to any action taken by LC Issuer, LC Issuer’s 's correspondents, or any Lender Party in accordance with such extension, increase or other modification.

Appears in 3 contracts

Samples: Credit Agreement (Plains All American Pipeline Lp), Credit Agreement (Plains All American Pipeline Lp), Credit Agreement (Plains All American Pipeline Lp)

Extension of Maturity. If the maturity of any Letter of Credit is extended by its terms or by Law or governmental action, if any extension of the maturity or time for presentation of drafts or any other modification of the terms of any Letter of Credit is made at the request of any Restricted Personthe Borrower, or if the amount of any Letter of Credit is increased or decreased at the request of any Restricted Personthe Borrower, this Agreement shall be binding upon all Restricted Persons the Loan Parties with respect to such Letter of Credit as so extended, increased increased, decreased or otherwise modified, with respect to drafts and property covered thereby, and with respect to any action taken by a LC Issuer, such LC Issuer’s correspondents, or any Lender Party in accordance with such extension, increase increase, decrease or other modification.

Appears in 2 contracts

Samples: Credit Agreement (Sunoco Logistics Partners L.P.), Credit Agreement (Sunoco Logistics Partners L.P.)

Extension of Maturity. If the maturity of any Letter of Credit is extended by its terms or by Law or governmental action, if any extension of the maturity or time for presentation of drafts or any other modification of the terms of any Letter of Credit is made at the request of any Restricted Personthe Borrower, or if the amount of any Letter of Credit is increased or decreased at the request of any Restricted Personthe Borrower, this Agreement shall be binding upon the Borrower and all Restricted Persons of its Subsidiaries with respect to such Letter of Credit as so extended, increased increased, decreased or otherwise modified, with respect to drafts and property covered thereby, and with respect to any action taken by a LC Issuer, such LC Issuer’s correspondents, or any Lender Party in accordance with such extension, increase increase, decrease or other modification.

Appears in 2 contracts

Samples: Credit Agreement (Energy Transfer LP), Credit Agreement (Energy Transfer Partners, L.P.)

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Extension of Maturity. If the maturity of any Letter of Credit is extended by its terms or by Law or governmental action, if any extension of the maturity or time for presentation of drafts or any other modification of the terms of any Letter of Credit is made at the request of any Restricted Person, or if the amount of any Letter of Credit is increased at the request of any Restricted Person, this Agreement shall be binding upon all Restricted Persons with respect to such Letter of Credit as so extended, increased or otherwise modified, with respect to drafts and property covered thereby, and with respect to any action taken by LC Issuer, LC Issuer’s correspondents, or any Lender Party in accordance with such extension, increase or other modification.. 49

Appears in 1 contract

Samples: Credit Agreement (Alta Mesa Resources, Inc. /DE)

Extension of Maturity. If the maturity of any Letter of Credit is extended by its terms or by Law or governmental action, if any extension of the maturity or time for presentation of drafts or any other modification of the terms of any Letter of Credit is made at the request of any Restricted Personthe Borrower, or if the amount of any Letter of Credit is increased at the request of any Restricted Personthe Borrower, this Agreement shall be binding upon all Restricted Persons with respect to such Letter of Credit as so extended, increased or otherwise modified, with respect to drafts and property covered thereby, and with respect to any action taken by LC Issuer, LC Issuer’s correspondents, or any Lender Party in accordance with such extension, increase or other modification.

Appears in 1 contract

Samples: Credit Agreement (Energy Transfer Partners, L.P.)

Extension of Maturity. If the maturity of any Letter of Credit is extended by its terms or by Law or governmental action, if any extension of the maturity or time for presentation of drafts or any other modification of the terms of any Letter of Credit is made at the request of any Restricted Person, or if the amount of any Letter of Credit is increased at the request of any Restricted Person, this Agreement shall be binding upon all Restricted Persons with respect to such any Letter of Credit as so extended, increased or otherwise modified, with respect to drafts and property covered thereby, and with respect to any action taken by LC Issuer, LC Issuer’s correspondents, or any Lender Party in accordance with such extension, increase or other modification.

Appears in 1 contract

Samples: Credit Agreement (Windstar Energy, LLC)

Extension of Maturity. If the maturity of any Letter of Credit is extended by its terms or by Law or governmental action, if any extension of the maturity or time for presentation of drafts or any other modification of the terms of any Letter of Credit is made at the request of any ny Restricted Person, or if the amount of any Letter of Credit is increased at the request of any Restricted Person, this Agreement shall be binding upon all Restricted Persons with respect to such Letter of Credit as so extended, increased or otherwise modified, with respect to drafts and property covered thereby, and with respect to any action taken by LC Issuer, LC Issuer’s 's correspondents, or any Lender Party in accordance with such extension, increase or other modification.

Appears in 1 contract

Samples: Credit Agreement (Berry Petroleum Co)

Extension of Maturity. If the maturity of any Letter of Credit --------------------- is extended by its terms or by Law or governmental action, if any extension of the maturity or time for presentation of drafts or any other modification of the terms of any Letter of Credit is made at the request of any Restricted Person, or if the amount of any Letter of Credit is increased at the request of any Restricted Person, this Agreement shall be binding upon all Restricted Persons with respect to such Letter of Credit as so extended, increased or otherwise modified, with respect to drafts and property covered thereby, and with respect to any action taken by LC Issuer, LC Issuer’s 's correspondents, or any Lender Party in accordance with such extension, increase or other modification.

Appears in 1 contract

Samples: Credit Agreement (Inland Resources Inc)

Extension of Maturity. If the maturity of any Letter of Credit is extended by its terms or by Law or governmental action, if any extension of the maturity or time for presentation of drafts or any other modification of the terms of any Letter of Credit is made at the request of any Restricted PersonBorrower, or if the amount of any Letter of Credit is increased at the request of any Restricted PersonBorrower, this Agreement shall be binding upon all Restricted Persons with respect to such Letter of Credit as so extended, increased or otherwise modified, with respect to drafts and property covered thereby, and with respect to any action taken by the LC Issuer, LC Issuer’s correspondents, or any Lender Party in accordance with such extension, increase or other modification.

Appears in 1 contract

Samples: Credit Agreement (Plains All American Pipeline Lp)

Extension of Maturity. If the maturity of any Letter of Credit is --------------------- extended by its terms or by Law or governmental action, if any extension of the maturity or time for presentation of drafts or any other modification of the terms of any Letter of Credit is made at the request of any Restricted Person, or if the amount of any Letter of Credit is increased at the request of any Restricted Person, this Agreement shall be binding upon all Restricted Persons with respect to such Letter of Credit as so extended, increased or otherwise modified, with respect to drafts and property covered thereby, and with respect to any action taken by LC Issuer, LC Issuer’s 's correspondents, or any Lender Party in accordance with such extension, increase or other modification.

Appears in 1 contract

Samples: Credit Agreement (Key Production Co Inc)

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