Common use of Extension of Purchase Expiration Date Clause in Contracts

Extension of Purchase Expiration Date. The Issuer may advise the Funding Agent in writing of its desire to extend the Purchase Expiration Date for an additional 364 days; provided such request is made not more than 90 days prior to, and not less than 60 days prior to, the then current Purchase Expiration Date. The Funding Agent shall notify the Issuer in writing, within 45 days after its receipt of such request by the Issuer, whether the Purchasers or any of them agree to such extension (it being understood that the Purchasers may accept or decline such a request in their sole discretion and on such terms as they may elect and, if the Purchasers so agree, the Issuer, the Funding Agent and the Purchasers shall enter into such documents as the Purchasers may deem necessary or appropriate to reflect such extension, and all reasonable costs and expenses incurred by the Purchasers and the Funding Agent in connection therewith (including reasonable attorneys’ fees and expenses) shall be paid by the Issuer); it being understood, that the failure of the Funding Agent to so notify the Issuer as set forth above shall not be deemed to be a consent to such request for extension.

Extension of Purchase Expiration Date. The Issuer may advise the Funding Agent Purchaser in writing of its desire to extend the Purchase Expiration Date for an additional 364 365 days; provided such request is made not more than 90 days prior to, and not less than 60 days prior to, the then current Purchase Expiration Date. The Funding Agent Purchaser shall notify the Issuer in writing, within 45 days after its receipt of such request by the Issuer, whether the Purchasers or any Purchaser approves of them agree to such extension (it being understood that the Purchasers Purchaser may accept approve or decline disapprove of such a request in their its sole discretion and on such terms as they may elect discretion) and, if to the Purchasers so agreeextent the Purchaser approves such extension, the Issuer, the Funding Agent and the Purchasers Purchaser shall enter into such documents as the Purchasers Purchaser may deem necessary or appropriate to reflect such extension, and all reasonable costs and expenses incurred by the Purchasers and the Funding Agent Purchaser in connection therewith (including reasonable attorneys’ fees and expensescosts) shall be paid by the Issuer); it being understood, that the failure of the Funding Agent Purchaser to so notify the Issuer as set forth above shall not be deemed to be a consent to such request for extension.

Extension of Purchase Expiration Date. The Issuer may advise the Funding Agent in writing of its desire to extend the Purchase Expiration Date for an additional 364 days; provided such request is made not more than 90 days prior to, and not less than 60 days prior to, the then current Purchase Expiration Dateperiod. The Funding Agent shall notify the Issuer in writing, within 45 5 days after its receipt of such request by the Issuer, whether the Purchasers or any of them agree to such extension (it being understood that the Purchasers may accept or decline such a request in their sole discretion and on such terms as they may elect and, if the Purchasers so agree, the Issuer, the Funding Agent and the Purchasers shall enter into such documents as the Purchasers may deem necessary or appropriate to reflect such extension, and all reasonable costs and expenses incurred by the Purchasers and the Funding Agent in connection therewith (including reasonable attorneys’ fees and expenses) shall be paid by the Issuer); it being understood, that the failure of the Funding Agent to so notify the Issuer as set forth above shall not be deemed to be a consent to such request for extension.