Extension of Revolving Credit Maturity Date. (a) Borrower shall have (x) the one-time right and option to extend the Revolving Credit Maturity Date to April 27, 2023, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Revolving Credit Maturity Date:
Extension of Revolving Credit Maturity Date. (a) The Borrower may at any time from time to time not more than ninety (90) days and not less than thirty (30) days prior to any anniversary of the Closing Date, by notice to the Administrative Agent (who shall promptly notify the Lenders) not later than 10 Business Days (or such shorter period as the Administrative Agent may agree in its reasonable discretion) prior to the date on which the Lenders are requested to respond thereto (each such date, a “Lender Notice Date”), request that each Lender extend such Lender’s Revolving Credit Maturity Date to the date (each such date, an “Extension Date”) that is one year after the Revolving Credit Maturity Date then in effect for such Lender (the “Existing Revolving Credit Maturity Date”).
(b) Each Lender, acting in its sole and individual discretion, shall, by notice to the Administrative Agent given not later than the applicable Lender Notice Date, advise the Administrative Agent whether or not such Lender agrees to such extension (each Lender that determines to so extend its Revolving Credit Maturity Date, an “Extending Lender”). Each Lender that determines not to so extend its Revolving Credit Maturity Date (a “Non-Extending Lender”) shall notify the Administrative Agent of such fact promptly after such determination (but in any event no later than the Lender Notice Date), and any Lender that does not so advise the Administrative Agent on or before the Lender Notice Date shall be deemed to be a Non-Extending Lender. The election of any Lender to agree to such extension shall not obligate any other Lender to so agree, and it is understood and agreed that no Lender shall have any obligation whatsoever to agree to any request made by the Borrower for extension of the Revolving Credit Maturity Date.
(c) The Administrative Agent shall promptly notify the Borrower of each Lender’s determination under this Section.
(d) The Borrower shall have the right, but shall not be obligated, on or before the applicable Revolving Credit Maturity Date for any Non-Extending Lender to replace such Non-Extending Lender with, and add as “Lenders” under this Agreement in place thereof, one or more financial institutions that are not Ineligible Institutions (each, an “Additional Commitment Lender”) approved by the Administrative Agent in accordance with the procedures provided in Section 12.7, each of which Additional Commitment Lenders shall have entered into an Assignment and Assumption (in accordance with and subject to the restri...
Extension of Revolving Credit Maturity Date. The Company shall have two (2) options to extend (each, an “Option to Extend”) the Revolving Credit Maturity Date by six (6) months, in each case, upon satisfaction of each of the following conditions precedent:
(a) The Company shall provide the Administrative Agent with written notice of the Company’s request to exercise an Option to Extend not more than one hundred twenty (120) days but not less than thirty (30) days prior to the then-current Revolving Credit Maturity Date;
(b) As of the date of receipt by the Administrative Agent of written notice of the Company’s request to exercise such Option to Extend and as of the then-current Revolving Credit Maturity Date, no Default or Event of Default shall have occurred and be continuing, and the Company shall so certify in writing;
(c) All representations and warranties made or deemed made by the Company or any other Loan Party in any Loan Document to which such Loan Party is a party shall be true and correct in all material respects (unless such representation and warranty is qualified by materiality, in which event such representation and warranty shall be true and correct in all respects) on and as of the date of receipt by the Administrative Agent of written notice of the Company’s request to exercise such Option to Extend and as of the then-current Revolving Credit Maturity Date with the same force and effect as if made on and as of such date, except to the extent that such representations and warranties expressly relate solely to an earlier date (in which case such representations and warranties shall have been true and correct in all material respects (unless such representation and warranty is qualified by materiality, in which event such representation and warranty shall have been true and correct in all respects) on and as of such earlier date) and except for changes in factual circumstances permitted under the Loan Documents, and the Company shall so certify in writing;
(d) The Company shall execute or cause the execution of all documents reasonably required by the Administrative Agent to effect the exercise of such Option to Extend; and
(e) On or before the then-current Revolving Credit Maturity Date, the Company shall pay to the Administrative Agent (for the account of the Revolving Credit Lenders) the extension fee provided for in Section 3.5.(e).
Extension of Revolving Credit Maturity Date. (a) The Borrower may, by notice to the Administrative Agent (which shall promptly notify the Lenders) not less than forty-five (45) days and not more than ninety (90) days prior to each of the first (1st) and second (2nd) anniversaries of the Closing Date (each anniversary, an “Anniversary Date”, request that each Lender extend such Lender’s Revolving Credit Maturity Date to the date (the “Extended Revolving Credit Maturity Date”) that is one year after the then scheduled Revolving Credit Maturity Date. Each Lender, acting in its sole discretion, shall, by written notice to the Administrative Agent given no later than the date (the "Consent Date”) that is twenty (20) days prior to the relevant Anniversary Date (provided that, if such date is not a Business Day, the Consent Date shall be the next succeeding Business Day), advise the Administrative Agent as to:
(i) whether such Lender agrees to such extension of its Revolving Credit Maturity Date (each Lender so agreeing to such extension being an “Extending Revolving Credit Lender”); and
(ii) only if such Lender is an Extending Revolving Credit Lender, whether such Lender also irrevocably offers to increase the amount of its Revolving Credit Commitment in connection with the replacement of one or more Non-Extending Lenders (each Lender so offering to increase its Revolving Credit Commitment being an “
Extension of Revolving Credit Maturity Date. At least 60 days but in no event more than 120 days prior to December 31, 2006, the Borrower, by written notice to the Agent (with copies for each Lender), may request an extension of the Maturity Date by a period of one year from the Maturity Date then in effect (the “Extension”). The Extension shall become effective on December 31, 2006 so long as (i) the Borrower has paid to the Agent on such date, for the ratable accounts of the Lenders, an extension fee in an amount equal to 25 basis points on the Total Commitment in effect on such date, and (ii) no Default or Event of Default has occurred and is continuing on such date and all representations and warranties contained in the Loan Documents are true and correct as of such date (except to the extent that such representations and warranties relate expressly to an earlier date). The notice referred to in the first sentence of this §2.9 shall constitute and shall be deemed to be a certification by the Borrower as to the truth and accuracy of the statements contained in clause (ii) of the preceding sentence.
Extension of Revolving Credit Maturity Date. Upon the written request of the Borrowers, which request shall be received by the Agent at least sixty (60) days prior to the then existing Revolving Credit Maturity Date, and subject to payment of an extension fee by Borrowers, the Revolving Credit Maturity Date shall be extended for up to two additional twelve (12) month periods beyond the then existing Revolving Credit Maturity Date, provided that the Borrowers have fully complied with all of the financial covenants pursuant to Subsection 6.2 of this Agreement and materially complied with all other covenants, terms, conditions and provisions of this Agreement for the six (6) quarters preceding the then existing Revolving Credit Maturity Date. In such event, the Borrowers may be required by the Agent, in its discretion, to execute and deliver to the Banks, not later than the earlier Revolving Credit Maturity Date, new Notes, with appropriate inserts therein as to date, date of payments, and any appropriate recitals.
Extension of Revolving Credit Maturity Date. The Borrower may request a one-year extension of the Revolving Credit Maturity Date by submitting a request for an extension to the Administrative Agent (an “Extension Request”) no more than 180 and no less than 90 days prior to the Revolving Credit Maturity Date. Promptly upon receipt of an Extension Request, the Administrative Agent shall notify each Lender thereof and shall request each Lender to act upon the Extension Request. Each Lender approving the Extension Request shall deliver its written consent no later than 45 days prior to the Revolving Credit Maturity Date. If and only if the consent of each of the Lenders is received by the Administrative Agent prior to the Revolving Credit Maturity Date, the Revolving Credit Maturity Date shall be extended by one year and the Administrative Agent shall promptly notify the Borrower and each Lender of the new Revolving Credit Maturity Date.
Extension of Revolving Credit Maturity Date. At least 30 days but in no event more than 90 days prior to June 24, 2014, the Borrower, by written notice to the Agent (with copies for each Bank), may request an extension of the Maturity Date by a period of one year from the Maturity Date then in effect (the “Extension”). The Extension shall become effective on June 24, 2014 so long as (i) the Borrower has paid to the Agent on such date, for the ratable accounts of the Banks, an extension fee in an amount equal to 20 basis points on the Total Commitment in effect on such date (“Extension Fee”), and (ii) no Default or Event of Default has occurred and is continuing on such date and all representations and warranties contained in the Loan Documents shall be true and correct as of such date (except (i) to the extent of changes resulting from transactions contemplated or not prohibited by this Agreement or the other Loan Documents and changes occurring in the ordinary course of business, (ii) to the extent that such representations and warranties relate expressly to an earlier date and (iii) to the extent otherwise represented by the Borrower with respect to the representation set forth in §7.10). The notice referred to in the first sentence of this §2.11 shall constitute and shall be deemed to be a certification by the Borrower as to the truth and accuracy of the statements contained in clause (ii) of the preceding sentence.
Extension of Revolving Credit Maturity Date. The definition of "Revolving Credit Maturity Date" in Section 1.1 is hereby amended by changing "March 19, 2007" to "March 10, 2010".
Extension of Revolving Credit Maturity Date. Pursuant to Section 2.03 of the Credit Agreement and as requested by the Borrower in a letter to the Agent dated November 10, 1997, the Lenders and the Agent hereby agree to extend the Revolving Credit Maturity Date for a period of one year. On and after December 6, 1997 (the "Effective Date"), as provided in Section 2.03 of the Credit Agreement, the Revolving Credit Maturity Date shall be December 6, 2002, as such date may be further extended by the Lenders pursuant to Section 2.03
