Extension of Revolver Termination Date. (a) At least 45 days but not more than 60 days prior to the scheduled Revolver Termination Date then in effect, the Borrowers, by written notice to the Administrative Agent, may request an extension of such Revolver Termination Date for a period of 364 days from its then scheduled expiration; provided, however, that the Company shall not have made the Term Loan Election for Revolving Credit Advances outstanding on such Revolver Termination Date prior to such time. The Administrative Agent shall promptly notify each Lender of such request, and each Lender shall in turn, in its sole discretion, not earlier than 30 days but at least 20 days prior to the scheduled Revolver Termination Date then in effect, notify the Administrative Agent in writing as to whether such Lender will consent to such extension. If any Lender shall fail to notify the Administrative Agent in writing of its consent to, or refusal of, any such request for extension of the Revolver Termination Date at least 20 days prior to the scheduled Revolver Termination Date then in effect, such Lender shall be deemed to be a Non-Consenting Lender with respect to such request. The Administrative Agent shall notify the Borrowers in writing not later than 15 days prior to the scheduled Revolver Termination Date then in effect of the decision of the Lenders regarding the Borrowers' request for an extension of such Revolver Termination Date. It is understood and agreed that no Lender shall have any obligation whatsoever to agree to any request made by the Borrowers for an extension of the Revolver Termination Date.
Extension of Revolver Termination Date. The Borrower may request -------------------------------------- a one-year extension of the Revolver Termination Date then in effect by delivering a written request therefor to the Agent not more than sixteen months or less than fifteen months prior to such Revolver Termination Date (a "Request to Extend"). The Agent shall notify the Banks of the receipt of such ----------------- request and each Bank shall give notice in writing to the Agent not less than fourteen months prior to the Revolver Termination Date of such Bank's acceptance or rejection of such request. If all the Banks shall have notified the Agent on or prior to the date which is fourteen months prior to the Revolver Termination Date that they accept such request, the Revolver Termination Date shall be extended for one year. If any Bank shall not have notified the Agent on or prior to the date which is fourteen months prior to the Revolver Termination Date that it accepts such request, the Revolver Termination Date shall not be extended. The Agent shall notify the Borrower whether the Request to Extend has been accepted or rejected as well as which Bank or Banks rejected the Borrower's Request to Extend (each such Bank a "Rejecting Bank"). -------------- Notwithstanding the preceding paragraph, within forty (40) days after notification from the Agent that the Request to Extend has been rejected (a "Notice of Rejection"), and provided that the aggregate amount of Commitments ------------------- of the Rejecting Banks do not exceed 20% of the total aggregate amount of Commitments then outstanding, the Borrower may by written notice to the Agent and any Rejecting Bank exercise either or a combination of the following options: (i) require any Rejecting Bank to assign all of its rights and obligations under this Agreement, the Notes and the other Loan Documents to any transferee selected by the Borrower and approved by the Agent (a "Transferee"), ---------- or (ii) prepay the entire amount of the outstanding Loan from each such Rejecting Bank, in which case each such Rejecting Bank's Commitment shall be $0, in each of clause (i) and (ii) pursuant to the terms and conditions set forth below. Notwithstanding the foregoing, however, in no event the aggregate of all Commitments of all Banks (including any Transferee pursuant to clause (i) above) shall be less than $280,000,000.
Extension of Revolver Termination Date. (a) Not more than sixty (60) nor less than thirty (30) days prior to the scheduled Revolver Termination Date, and provided that no Default has occurred and is continuing, the Borrower may deliver to the Administrative Agent and the Lenders a written request for a 364 day extension of the Revolver Termination Date together with a certificate of a Financial Official on behalf of the Borrower stating that the representations and warranties contained in Article 3 (other than (i) representations and warranties which expressly speak as of a particular date or are no longer true and correct as a result of a change which is not a violation of this Agreement and (ii) as otherwise disclosed by the Borrower and approved in writing by the Required Lenders) are true and correct on and as of the date of such certificate. Each Lender shall, on or prior to the date that is ten (10) Business Days after receipt of such written request, notify in writing the Administrative Agent whether (in its sole and absolute discretion) it consents to such request and the Administrative Agent shall, after receiving the notifications from all of the Lenders or the expiration of such period, whichever is earlier, notify the Borrower and the Lenders of the results thereof. If any Lender shall fail to notify the Administrative Agent and the Borrower in writing of its consent to any such request for extension of the Revolver Termination Date within ten (10) days after the date of such extension request, such Lender shall be deemed not to have consented with respect to such request.
Extension of Revolver Termination Date. The Borrower shall have the option to extend the Revolver Termination Date for a period of one (1) additional year to the Final Termination Date, upon satisfaction of the following conditions precedent:
Extension of Revolver Termination Date. Borrower may request a one-year extension of the Revolver Termination Date by the delivery to Lender of an irrevocable written request therefor not more than fifty-nine (59) and not less than thirty (30) days prior to such Revolver Termination Date (a "Request to Extend"). Lender shall have the right, upon receipt of the Request To Extend, to approve or disapprove the extension of the Revolver Termination Date in Lender's sole and absolute discretion. Provided that Lender approves the extension of the Revolver Termination Date and provided further that no Event of Default or Bankruptcy Default has occurred and is then continuing both on the date Borrower delivers the Request to Extend and on the Revolver Termination Date (prior to extension), the Revolver Termination Date shall be extended for one year.
Extension of Revolver Termination Date. Lender shall have the option, in its sole discretion (but subject to the approval of any Assignees and Participants) to waive the Conversion
Extension of Revolver Termination Date. At least 45 but not more than 60 days prior to the next Anniversary Date, the Borrower, by written notice to the Agent, may request that the Revolver Termination Date be extended one calendar year from its then current scheduled expiration. The Agent shall promptly notify each A Lender of such request, and each A Lender shall in turn, within 30 days prior to such next Anniversary Date, notify the Borrower and the Agent in writing regarding whether such A Lender will consent to such extension. If, and only if, all A Lenders consent in writing to such extension prior to the tenth Business Day preceding such next Anniversary Date, the Revolver Termination Date shall be so extended for such one calendar year and references herein to the "Revolver Termination Date" shall refer to such "Revolver Termination Date" as so extended. If any A Lender shall fail to deliver such notice to the Borrower and the Agent as provided above, such A Lender shall be deemed not to have consented to any requested extension and all of the A Lenders' A Commitments shall terminate on the scheduled Revolver Termination Date. It is understood that no A Lender shall have any obligation whatsoever to agree to any request made by the Borrower for an extension of the Revolver Termination Date.
Extension of Revolver Termination Date. (a) The definition of “Termination Date” in Section 1.01 of the Credit Agreement is amended and restated in its entirety to read as follows:
Extension of Revolver Termination Date. Not earlier than 60 days or more than 90 days before the Revolver Termination Date then in effect, all the Borrowers may request a 364 day extension of such Revolver Termination Date. Such request must be submitted in writing to each of the Banks, the Issuing Bank and the Agent. Not later than 30 days after receipt of such notice, each Bank shall notify the Agent whether (in its sole and absolute discretion) it consents to such request (and if any Bank fails to so notify the Agent, it shall be deemed not to have consented to such request) and the Agent promptly thereafter shall notify the Borrowers and the Banks of the results thereof. If the Agent fails to so notify the Borrowers, the Banks shall be deemed not to have consented to such request. If all of the Banks have consented, then, so long as the representations and warranties contained in Article VI hereof (other than (i) representations and warranties which expressly speak as of a particular date or are no longer true and correct as a result of a change which is permitted by this Agreement or (ii) as otherwise disclosed by any Borrower and approved in writing by the Majority Banks) shall be true and correct on and as of the Revolver Termination Date then in effect and no Default or Event of Default shall exist, the Revolver Termination Date shall be extended, effective as of the Revolver Termination Date then in effect, to the date that is 364 days from such Revolver Termination Date.
Extension of Revolver Termination Date. The Revolver Termination Date may be extended for an additional period (to be agreed upon by Bank and the Borrowers) at the request of Borrowers and with the written consent of the Bank (which consent may be withheld in the sole discretion of Bank). Within the 45 day period beginning 90 days prior to the Revolver Termination Date then in effect, Borrowers may deliver to the Bank a written request for an extension of the Revolver Termination Date. If the Bank has consented, then, so long as the representations and warranties contained in Article IV (other than representations and warranties which expressly speak as of a particular date or are no longer true and correct as a result of a change which is permitted by this Agreement) shall be true and correct on and as of the Revolver Termination Date then in effect, the Revolver Termination Date shall be extended for the additional period agreed upon by Borrowers and the Bank (effective as of the Revolver Termination Date then in effect.
