Common use of Extension of Revolving Credit Termination Date Clause in Contracts

Extension of Revolving Credit Termination Date. The Commitment shall expire on the earlier of the Conversion Date or the Revolving Credit Termination Date. Within the period beginning 59 days and ending 30 days before the then effective Revolving Credit Termination Date, the Borrower may request in writing that the Revolving Credit Termination Date be extended for an additional period of 364 days, including the then effective Revolving Credit Termination Date as one of the days in the calculation of days elapsed. Within 30 days after such request (such 30th day being the "CONSENT DATE"), each Lender may, in its sole discretion, agree to such extension to a new Revolving Credit Termination Date not more than 364 days following such Consent Date by giving written notice of such agreement to the Borrower and the Agent (and the failure to provide such notice shall be deemed to be a decision not to extend). All of the Lenders must agree to any extension with respect to the Revolving Credit Termination Date for any such extension to become effective. Notwithstanding anything herein to the contrary, the Revolving Credit Termination Date may not be extended hereunder unless the "Termination Date" under and as defined in the 364-Day Credit Agreement shall have been extended for at least the same length of time and unless at the time of such extension no Integration Blockage Default has occurred.

Appears in 1 contract

Samples: American National Can Group Inc

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Extension of Revolving Credit Termination Date. The Commitment shall expire on the earlier Borrower may request an extension of the Conversion Revolving Credit Termination Date or by submitting a request for an extension to the Agent (an "EXTENSION REQUEST") no more than 60 days prior to the Revolving Credit Termination Date. Within The Extension Request must specify the period beginning 59 days new Facility Termination Date requested by the Borrower and ending the date (which must be at least 30 days before after the then effective Extension Request is delivered to the Agent) as of which the Lenders must respond to the Extension Request (the "RESPONSE DATE"). The new Revolving Credit Termination Date, the Borrower may request in writing that Date shall be no more than 364 days after the Revolving Credit Termination Date be extended for an additional period of 364 daysin effect at the time the Extension Request is received, including the then effective Revolving Credit Termination Date as one of the days in the calculation of the days elapsed. Within 30 days after such request (such 30th day being Promptly upon receipt of an Extension Request, the "CONSENT DATE"), Agent shall notify each Lender may, in of the contents thereof and shall request each Lender to approve the Extension Request. Each Lender approving the Extension Request shall deliver its sole discretion, agree to such extension to a new Revolving Credit Termination Date not more written consent no later than 364 days following such Consent Date by giving written notice the Response Date. If the consent of such agreement to the Borrower and the Agent (and the failure to provide such notice shall be deemed to be a decision not to extend). All each of the Lenders must agree to any extension with respect to is received by the Revolving Credit Termination Date for any such extension to become effective. Notwithstanding anything herein to the contraryAgent, the Revolving Credit Termination Date may not be extended hereunder unless specified in the "Extension Request shall become effective on the existing Revolving Credit Termination Date and the Agent shall promptly notify the Borrower and each Lender of the new Revolving Credit Termination Date" under and as defined in the 364-Day Credit Agreement shall have been extended for at least the same length of time and unless at the time of such extension no Integration Blockage Default has occurred.

Appears in 1 contract

Samples: Credit Agreement (Clark/Bardes Holdings Inc)

Extension of Revolving Credit Termination Date. The Commitment shall expire on the earlier Borrower may request an extension of the Conversion Revolving Credit Termination Date or by submitting a request for an extension to the Agent (an "EXTENSION REQUEST") no more than 60 days prior to the Revolving Credit Termination Date. Within The Extension Request must specify the period beginning 59 days and ending 30 days before the then effective new Revolving Credit Termination Date, Date requested by Borrower and the Borrower may request in writing that date (which must be at least 30 days after the Extension Request is delivered to the Agent) as of which the Lenders must respond to the Extension Request (the "RESPONSE DATE"). The new Revolving Credit Termination Date shall be no more than 364 days after the Revolving Credit Termination Date be extended for an additional period of 364 daysin effect at the time the Extension Request is received, including the then effective Revolving Credit Termination Date as one of the days in the calculation of the days elapsed. Within 30 days after such request (such 30th day being Promptly upon receipt of an Extension Request, the "CONSENT DATE"), Agent shall notify each Lender may, in of the contents thereof and shall request each Lender to approve the Extension Request. Each Lender approving the Extension Request shall deliver its sole discretion, agree to such extension to a new Revolving Credit Termination Date not more written consent no later than 364 days following such Consent Date by giving written notice the Response Date. If the consent of such agreement to the Borrower and the Agent (and the failure to provide such notice shall be deemed to be a decision not to extend). All each of the Lenders must agree to any extension with respect to is received by the Revolving Credit Termination Date for any such extension to become effective. Notwithstanding anything herein to the contraryAgent, the Revolving Credit Termination Date may not be extended hereunder unless specified in the "Extension Request shall become effective on the existing Revolving Credit Termination Date and the Agent shall promptly notify Borrower and each Lender of the new Revolving Credit Termination Date" under and as defined in the 364-Day Credit Agreement shall have been extended for at least the same length of time and unless at the time of such extension no Integration Blockage Default has occurred.

Appears in 1 contract

Samples: Credit Agreement (Clark Inc)

Extension of Revolving Credit Termination Date. The Commitment shall expire on the earlier Borrower may request an extension of the Conversion Revolving Credit Termination Date or by submitting a request for an extension to the Agent (an "EXTENSION REQUEST") no more than 60 days prior to the Revolving Credit Termination Date. Within The Extension Request must specify the period beginning 59 days and ending 30 days before the then effective new Revolving Credit Termination Date, Date requested by the Borrower may request in writing that and the date (which must be at least 30 days after the Extension Request is delivered to the Agent) as of which the Lenders must respond to the Extension Request (the "RESPONSE DATE"). The new Revolving Credit Termination Date shall be no more than 364 days after the Revolving Credit Termination Date be extended for an additional period of 364 daysin effect at the time the Extension Request is received, including the then effective Revolving Credit Termination Date as one of the days in the calculation of the days elapsed. Within 30 days after such request (such 30th day being Promptly upon receipt of an Extension Request, the "CONSENT DATE"), Agent shall notify each Lender may, in of the contents thereof and shall request each Lender to approve the Extension Request. Each Lender approving the Extension Request shall deliver its sole discretion, agree to such extension to a new Revolving Credit Termination Date not more written consent no later than 364 days following such Consent Date by giving written notice the Response Date. If the consent of such agreement to the Borrower and the Agent (and the failure to provide such notice shall be deemed to be a decision not to extend). All each of the Lenders must agree to any extension with respect to is received by the Revolving Credit Termination Date for any such extension to become effective. Notwithstanding anything herein to the contraryAgent, the Revolving Credit Termination Date may not be extended hereunder unless specified in the "Extension Request shall become effective on the existing Revolving Credit Termination Date and the Agent shall promptly notify the Borrower and each Lender of the new Revolving Credit Termination Date" under and as defined in the 364-Day Credit Agreement shall have been extended for at least the same length of time and unless at the time of such extension no Integration Blockage Default has occurred.

Appears in 1 contract

Samples: Credit Agreement (Clark/Bardes Holdings Inc)

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Extension of Revolving Credit Termination Date. The Commitment shall expire on the earlier Borrower may request an extension of the Conversion Revolving Credit Termination Date or by submitting a request for an extension to the Agent (an “Extension Request”) no more than 60 days prior to the Revolving Credit Termination Date. Within The Extension Request must specify the period beginning 59 days and ending 30 days before the then effective new Revolving Credit Termination Date requested by Borrower and the date (which must be at least 30 days after the Extension Request is delivered to the Agent) as of which the Lenders must respond to the Extension Request (the “Response Date, the Borrower may request in writing that ”). The new Revolving Credit Termination Date shall be no more than 364 days after the Revolving Credit Termination Date be extended for an additional period of 364 daysin effect at the time the Extension Request is received, including the then effective Revolving Credit Termination Date as one of the days in the calculation of the days elapsed. Within 30 days after such request (such 30th day being Promptly upon receipt of an Extension Request, the "CONSENT DATE"), Agent shall notify each Lender may, in of the contents thereof and shall request each Lender to approve the Extension Request. Each Lender approving the Extension Request shall deliver its sole discretion, agree to such extension to a new Revolving Credit Termination Date not more written consent no later than 364 days following such Consent Date by giving written notice the Response Date. If the consent of such agreement to the Borrower and the Agent (and the failure to provide such notice shall be deemed to be a decision not to extend). All each of the Lenders must agree to any extension with respect to is received by the Revolving Credit Termination Date for any such extension to become effective. Notwithstanding anything herein to the contraryAgent, the Revolving Credit Termination Date may not be extended hereunder unless specified in the "Extension Request shall become effective on the existing Revolving Credit Termination Date and the Agent shall promptly notify Borrower and each Lender of the new Revolving Credit Termination Date" under and as defined in the 364-Day Credit Agreement shall have been extended for at least the same length of time and unless at the time of such extension no Integration Blockage Default has occurred.

Appears in 1 contract

Samples: Credit Agreement (Clark Inc)

Extension of Revolving Credit Termination Date. The Commitment shall expire on the earlier Borrower may request an extension of the Conversion Revolving Credit Termination Date or by submitting a request for an extension to the Agent (an "Extension Request") no more than 60 days prior to the Revolving Credit Termination Date. Within The Extension Request must specify the period beginning 59 days and ending 30 days before the then effective new Revolving Credit Termination Date, Date requested by the Borrower may request in writing that and the date (which must be at least 30 days after the Extension Request is delivered to the Agent) as of which the Lenders must respond to the Extension Request (the "Response Date"). The new Revolving Credit Termination Date shall be no more than 364 days after the Revolving Credit Termination Date be extended for an additional period of 364 daysin effect at the time the Extension Request is received, including the then effective Revolving Credit Termination Date as one of the days in the calculation of the days elapsed. Within 30 days after such request (such 30th day being Promptly upon receipt of an Extension Request, the "CONSENT DATE"), Agent shall notify each Lender may, in of the contents thereof and shall request each Lender to approve the Extension Request. Each Lender approving the Extension Request shall deliver its sole discretion, agree to such extension to a new Revolving Credit Termination Date not more written consent no later than 364 days following such Consent Date by giving written notice the Response Date. If the consent of such agreement to the Borrower and the Agent (and the failure to provide such notice shall be deemed to be a decision not to extend). All each of the Lenders must agree to any extension with respect to is received by the Revolving Credit Termination Date for any such extension to become effective. Notwithstanding anything herein to the contraryAgent, the Revolving Credit Termination Date may not be extended hereunder unless specified in the "Extension Request shall become effective on the existing Revolving Credit Termination Date and the Agent shall promptly notify the Borrower and each Lender of the new Revolving Credit Termination Date" under and as defined in the 364-Day Credit Agreement shall have been extended for at least the same length of time and unless at the time of such extension no Integration Blockage Default has occurred.

Appears in 1 contract

Samples: 364 Day Credit Agreement (Coachmen Industries Inc)

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