Extension of Scheduled Maturity Date. Subject to the satisfaction of the conditions precedent set forth in Section 4 below, effective as of the Effective Date:
Extension of Scheduled Maturity Date. (a) Not earlier than 60 days prior to, nor later than 30 days prior to, an anniversary of the Closing Date, the Parent Borrower may, upon notice to the Administrative Agent (who shall promptly notify the Lenders), request a one year extension of the Scheduled Maturity Date for each of the Lenders. The Parent Borrower may request such an extension no more than four times. Within 15 days of delivery of such notice, each Lender shall notify the Administrative Agent whether or not it consents to such extension (which consent may be given or withheld in such Lender’s sole and absolute discretion). Any Lender not responding within the above time period shall be deemed not to have consented to such extension. The Administrative Agent shall promptly notify the Parent Borrower and the Lenders of the Lenders’ responses. If any Lender declines, or is deemed to have declined, to consent to such extension (a “Non-Extending Lender”), the Parent Borrower may cause any such Non-Extending Lender to be removed or replaced as a Lender pursuant to Section 10.15.
Extension of Scheduled Maturity Date. The Loan Agreement shall be deemed amended hereby by deeming the Scheduled Maturity Date thereunder to be July 31, 1999.
Extension of Scheduled Maturity Date. The Borrower may extend the applicable date set forth in the definition of “Scheduled Maturity Date” for any Term Loan Series for one additional period of two years (“Extension”) so long as (i) the Borrower has given written notice of such election to the Administrative Agent (who shall promptly notify the Lenders) not less than 10 Business Days prior to the Scheduled Maturity Date, (ii) no Unmatured Event of Default or Event of Default has occurred and is continuing or would occur as a result of the Extension and (iii) the representations and warranties contained in Sections 4.01, 4.02 and 4.06 are true and correct in all material respects on the date of such request and the Scheduled Maturity Date being extended (or, in the case of any such representation or warranty expressly stated to have been made as of a specific date, as of such specific date). During the period of any Extension, (a) no new Advances will be required to be made under the applicable Term Loan Series, (b) the applicable provisions of the Letter Agreement for such Term Loan Series shall apply with respect thereto and (c) no distributions shall be made to the Equityholder under Section 2.05(b) with respect to the applicable Term Loan Series during such Extension until the applicable Term Loan Series is paid in full. In connection with an Extension, the Scheduled Maturity Date for the applicable Term Loan Series shall be automatically extended as provided above and in conformance with Section 11.01(b).
Extension of Scheduled Maturity Date. Borrower may, at its option, extend the Scheduled Maturity Date for a period (the "Extension Period") of six months (and the end of such period, the "Extended Maturity Date"), subject to the satisfaction of the following conditions (the "Extension Option"): Borrower shall notify (the "Extension Notice") Administrative Agent of Borrower's exercise of such option at least sixty (60) days, but not more than one hundred twenty (120) days prior to the Scheduled Maturity Date; As of the date of the Extension Notice and as of the Scheduled Maturity Date, (i) no Event of Default then exists, (ii) no Default then exists or would result from the extension of the maturity of the Loans for the Extension Period; and (iii) the Loans are In Balance; Borrower and each Guarantor shall have executed and delivered to Administrative Agent such Modifications to and reaffirmations of the Loan Documents as Administrative Agent may reasonably require in connection with the foregoing. Whether or not the extension becomes effective, Borrower shall pay all reasonable and actual out-of-pocket costs and expenses incurred by Administrative Agent and the Lenders in connection with the proposed extension (pre- and post-closing), including appraisal fees and legal fees; all such costs and expenses shall be due and payable upon demand, and any failure to pay such amounts shall constitute a Default under this Agreement and the Loan Documents; Not later than the initial Scheduled Maturity Date, (i) the extension shall have been documented to the Lenders' reasonable satisfaction unless the failure to so document the extension is not the fault of Borrower and consented to by Borrower, Administrative Agent and all the Lenders, and (ii) Administrative Agent shall have been provided with an updated title report and judgment and lien searches, and appropriate title insurance endorsements shall have been issued as required by Administrative Agent; On the Scheduled Maturity Date, Borrower shall pay to Administrative Agent (for payment to the Lenders in accordance with their respective Proportionate Shares) an extension fee in the amount of one-eighth of one per cent percent (1/8%) of the total Commitments of all Lenders (whether disbursed or undisbursed), which Commitments may have been reduced by prepayments by Borrower of principal on the Loans as permitted by the terms of this Agreement and may be reduced as part of the exercise of the Extension Option as set forth in Section 2.03(b) (the "Extens...
Extension of Scheduled Maturity Date. Not less than 90 days prior to the then existing Scheduled Maturity Date, the Administrator will, in consultation with Transferor, undertake a review of Transferor to determine whether the Scheduled Maturity Date may be extended, during which review Transferor may request such extension. Notwithstanding, the immediately preceding sentence, neither Transferee nor any Liquidity Bank shall have a commitment or obligation to extend the Scheduled Maturity Date. If Transferee and the Liquidity Banks agree, after consultation with the Administrator and in their sole discretion, to extend the Scheduled Maturity Date, they shall so advise the Administrator and the Administrator shall notify Transferor in writing by not later than the date that is 60 days prior to the then existing Scheduled Maturity Date. In the event the Administrator, on behalf of Transferee and the Liquidity Banks, shall fail to advise Transferor on or prior to the date that is 60 days prior to the then existing Scheduled Maturity Date, Transferee's request to extend the Scheduled Maturity Date shall be deemed to have been declined. Upon execution by Transferor, the Administrator, Transferee and the Liquidity Banks of an agreement in writing setting forth the parties agreement to extend the Scheduled Maturity Date, the "Scheduled Maturity Date" shall thereupon become the date as specified in such agreement. As of no date during the term of this Agreement shall the period from such date to the Scheduled Maturity Date then in effect exceed a period of 364 days.
Extension of Scheduled Maturity Date. Each Lender party hereto hereby (a) agrees to the Extension and (b) agrees that, effective as of the date hereof, the Scheduled Maturity Date with respect to such Lender’s Commitment shall be September 30, 2017. Notwithstanding anything to the contrary in Section 2.14 of the Credit Agreement, the Extension shall be deemed to have been effected pursuant to Section 2.14 of the Credit Agreement and, after giving effect to this Amendment, the Parent Borrower shall have the right to request additional one-year extensions of the Scheduled Maturity Date up to an additional three times pursuant to, and in accordance with, Section 2.14 of the Amended Credit Agreement. In addition, the parties hereto hereby agree and acknowledge that November 13, 2016 shall remain the Scheduled Maturity Date for each Lender that is not a party hereto.
Extension of Scheduled Maturity Date. Each Lender party hereto, other than each Lender designated in its signature page hereto as a Non-Extending Lender (a “Non-Extending Lender”), hereby (a) agrees to the Extension and (b) agrees that, effective as of the date hereof, the Scheduled Maturity Date with respect to such Lender’s Commitment shall be September 30, 2018 (each such extending Lender, an “Extending Lender”). Notwithstanding anything to the contrary in Section 2.14 of the Credit Agreement, the Extension shall be deemed to have been effected pursuant to Section 2.14 of the Credit Agreement and, after giving effect to this Amendment, the Parent Borrower shall have the right to request additional one-year extensions of the Scheduled Maturity Date up to an additional two times pursuant to, and in accordance with, Section 2.14 of the Credit Agreement. In addition, the parties hereto hereby agree and acknowledge that for each Non-Extending Lender, the Scheduled Maturity Date applicable to such Lender immediately prior to this Amendment shall remain the Scheduled Maturity Date for such Lender.
Extension of Scheduled Maturity Date. (a) The Borrower may request extensions of the then Scheduled Maturity Date by making such request in writing at least ninety (90) days prior to each anniversary of this Agreement. Within 30 days of delivery of such notice, each Lender shall notify the Administrative Agent whether or not it consents to such extension (which consent may be given or withheld in such Lender's sole and absolute discretion). Any Lender not responding within the above time period shall be deemed not to have consented to such extension. The Administrative Agent shall promptly notify the Borrower and the Lenders of the Lenders' responses. If any Lender declines, or is deemed to have declined, to consent to such extension (such Lender being a "NON-CONSENTING Lender"), the Borrower may cause any such Non-Consenting Lender to be replaced as a Lender pursuant to SECTION 10.16.
Extension of Scheduled Maturity Date. (a) The Company may, by delivery to the Administrative Agent of written notice substantially in the form of Exhibit H hereto, request that the Scheduled Maturity Date be extended as set forth in subsection (b) below. The Administrative Agent shall give prompt notice to the Banks of each such request and each Bank shall, within thirty (30) days after delivery of such notice by the Administrative Agent, notify the Administrative Agent in writing whether it consents to such extension (which consent shall be in the sole discretion of each Bank). In the event that any Bank shall fail to so notify the Administrative Agent, such Bank shall be deemed to have refused to consent to such extension. If the Administrative Agent receives timely consents from Banks constituting Majority Banks (or the Company otherwise consents in writing), and subject to the satisfaction of the conditions precedent set forth in Section 5.01(b) (both before and after the requested extension), then:
