Extension of Revolving Commitments. In the case of any Extension of Revolving Commitments and/or Revolving Loans, the following shall apply:
(i) all borrowings and all prepayments of Revolving Loans shall continue to be made on a ratable basis among all Revolving Lenders, based on the relative amounts of their Revolving Commitments, until the repayment of the Revolving Loans attributable to the non-extended Revolving Commitments on the relevant Maturity Date;
(ii) the allocation of the participation exposure with respect to any then-existing or subsequently issued or made Letter of Credit as between the Revolving Commitments of such new tranche and the remaining Revolving Commitments shall be made on a ratable basis in accordance with the relative amounts thereof until the Maturity Date relating to such non-extended Revolving Commitments has occurred;
(iii) no termination of extended Revolving Commitments and no repayment of extended Revolving Loans accompanied by a corresponding permanent reduction in extended Revolving Commitments shall be permitted unless such termination or repayment (and corresponding reduction) is accompanied by at least a pro rata termination or permanent repayment (and corresponding pro rata permanent reduction), as applicable, of each other tranche of Revolving Loans and Revolving Commitments (or each other tranche of Revolving Commitments and Revolving Loans shall have otherwise been terminated and repaid in full);
(iv) the Maturity Date with respect to the Revolving Commitments may not be extended without the prior written consent of each Issuing Bank; and
(v) at no time shall there be more than five different tranches of Revolving Commitments. If the Total Utilization of Revolving Commitments exceeds the Revolving Commitment as a result of the occurrence of the Maturity Date with respect to any tranche of Revolving Commitments while an extended tranche of Revolving Commitments remains outstanding, the Borrower shall make such payments as are necessary in order to eliminate such excess on such Maturity Date.
Extension of Revolving Commitments. As evidenced by its signature hereto, each Extending Lender hereby (i) consents and agrees to the extension of the Revolving Maturity Date applicable to its existing Loans and existing Revolving Commitments to February 28, 2024, (ii) agrees that, on and after the Amendment Effective Date, its Loans and Revolving Commitments shall constitute Extended Loans and Extended Revolving Commitments, (iii) acknowledges that the Non-Extending Loans shall be repaid in full and the Non-Extending Revolving Commitments shall terminate in full on the Initial Revolving Maturity Date and (iv) expressly waives any right it may have to share in any payment made to any Non-Extending Lender on the Initial Revolving Maturity Date (including, without limitation, any right to purchase a participation in any such payment) pursuant to Section 2.18(c) of the Credit Agreement.
Extension of Revolving Commitments. Pursuant to Section 10.01(h)(2) of the First Lien Credit Agreement, subject to the terms and conditions set forth herein, on the Sixth Amendment Effective Date, each Sixth Amendment Consenting Revolving Credit Lender agrees to extend the Maturity Date of its Revolving Credit Commitments as described below.
1.1 Effective as of the Sixth Amendment Effective Date, the First Lien Credit Agreement is hereby amended by adding the following defined terms to Section 1.01 in proper alphabetical order:
Extension of Revolving Commitments. The Borrower may, by written notice to the Administrative Agent from time to time, request an extension (each, xxx “Revolving Extension”) of the Revolving Maturity Date to the extended maturity date specified in such notice. Such notice shall (i) set forth the amount of Revolving Commitments that will be subject to the Revolving Extension (which request shall be in minimum increments of $1 million and a minimum amount of $5 million), and (ii) set forth the date on which such Revolving Extension is requested to become effective (which shall be not less than ten (10) Business Days nor more than sixty (60) days after the date of such Revolving Extension notice (or such longer or shorter periods as the Administrative Agent shall agree in its sole discretion)). The Revolving Lenders shall be offered (xxx “Revolving Extension Offer”) an opportunity to participate in such Revolving Extension on a pro rata basis and on the same terms and conditions as each other Revolving Lender pursuant to procedures established by, or reasonably acceptable to, the Administrative Agent and Borrower. If the aggregate principal amount of Revolving Commitments in respect of which Revolving Lenders shall have accepted the relevant Revolving Extension Offer shall exceed the maximum aggregate principal amount of Revolving Commitments subject to the Revolving Extension Offer as set forth in the Revolving Extension notice, then the Revolving Commitments of the Lenders shall be extended ratably up to such maximum amount based on the respective principal amounts with respect to which such Lenders have accepted such Revolving Extension Offer (such extended Revolving Commitments, the “Extended Revolving Commitments”).
Extension of Revolving Commitments. (a) Each Lender that is a Revolving Lender under the Credit Agreement on the date hereof (an “Existing Revolving Lender”), by executing its appropriate signature page to this Agreement and delivering such signature page to the Administrative Agent, agrees to extend and reclassify all of its (i) Revolving Commitments outstanding immediately prior to the Amendment No. 4 Effective Date (the “Existing Revolving Commitments”) to 2024 Revolving Commitments and (ii) Revolving Loans outstanding immediately prior to the Amendment No. 4 Effective Date (the “Existing Revolving Loans”) to 2024 Revolving Loans, in each case, upon the Amendment No. 4
Extension of Revolving Commitments. In the case of any Extension of Revolving Commitments and/or Revolving Loans, the following shall apply: (i) all borrowings and all prepayments of Revolving Loans shall continue to be made on a ratable basis among all Revolving Lenders, based on the relative amounts of their Revolving Commitments, until the repayment of the Revolving Loans attributable to the non-extended Revolving Commitments on the relevant Maturity Date;
Extension of Revolving Commitments. Any Borrower may at any time and from time to time request that all or a portion of the Revolving Commitments of a given Class (each, an “Existing Revolver Tranche”) be amended to extend the scheduled maturity date(s) of any payment of principal with respect to all or a portion of any principal amount of such Revolving Commitments (any such Revolving Commitments which have been so amended, “Extended Revolving Commitments”) and to provide for other terms consistent with this Section 2.
Extension of Revolving Commitments. Subject to the satisfaction (or waiver) of the conditions set forth in Section 6 hereof and in reliance upon the representations and warranties set forth in Section 5 hereof, the Extending Revolving Lenders hereby agree that the Revolving Commitment Termination Date and Maturity Date with respect to the Revolving Commitments and related Revolving Loans held by the Extending Revolving Lenders as of the date hereof will be extended as set forth in Section 3 (the “Extension”). Other than with respect to the Revolving Commitment Termination Date and related Maturity Date applicable to the Revolving Commitments and related Revolving Loans of the Extending Revolving Lenders, the terms of all Revolving Commitments and Revolving Loans shall be identical to those of the Revolving Commitments and Revolving Loans outstanding immediately prior to the Third Amendment Effective Date.
Extension of Revolving Commitments. Whenever Borrower furnishes its audited financial statements to the Banks pursuant to clause (b) of subsection 3A.01, commencing with the year ending December 31, 1997, Borrower may request that the revolving commitments be extended one year to the June 30 next following the expiration date then in effect. The Banks agree to give consideration to each such request; but in no event shall the Banks be committed to extend the revolving commitments, nor shall any Bank's subject commitment be so extended, unless and until both Borrower and the Banks shall have executed and delivered an extension agreement substantially the form of Exhibit C with the blanks appropriately filled.
Extension of Revolving Commitments
