Common use of Extension of Stated Maturity Date Clause in Contracts

Extension of Stated Maturity Date. So long as (x) no Event of Default or Default has occurred and is continuing on the date on which notice is given in accordance with the following clause (a) or on the Stated Maturity Date and (y) the representations and warranties contained in Section 7 or in any other Loan Document are true and correct in all material respects on and as of the date on which notice is given in accordance with the following clause (a) and on the Stated Maturity Date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they were true and correct in all material respects as of such earlier date, and except that for purposes of this Section 2.18, the representations and warranties contained in Section 7.07 are hereby deemed to refer to the most recent financial statements furnished pursuant to clauses (a) and (b), respectively, of Section 8.01, the Borrowers may extend the Stated Maturity Date to a Business Day that is not later than 12 months after the then-effective Stated Maturity Date, no more than one time, upon: (a) delivery of a Facility Extension Request to Administrative Agent at least 30 days, but no more than 90 days, prior to the Stated Maturity Date then in effect or such shorter time period as Administrative Agent may agree; (b) payment to Administrative Agent for the benefit of the Lenders of a facility extension fee equal to 25 basis points on the then-existing Maximum Commitment; and (c) payment by the Borrowers of all fees to Administrative Agent and the Lenders to the extent then due. Administrative Agent agrees to deliver written confirmation of any extension to the Borrowers.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Goldman Sachs Private Middle Market Credit II LLC), Credit Agreement (Goldman Sachs Private Middle Market Credit II LLC)

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Extension of Stated Maturity Date. So long as (x) no Event of Default or or, to the knowledge of the Borrower, Potential Default has shall have occurred and is be continuing on the date on which notice is given in accordance with the following clause (a) or on the Stated Maturity Date and (y) to the knowledge of the Borrower, the representations and warranties contained in Section 7 8 or in any other Loan Document are shall be true and correct in all material respects on and as of the date on which notice is given in accordance with the following clause (a) and on the Stated Maturity Date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they were shall be true and correct in all material respects as of such earlier date, and except that for purposes of this Section 2.182.15, the representations and warranties contained in Section 7.07 are hereby 8.08 shall be deemed to refer to the most recent financial statements furnished pursuant to clauses (a) and (b), respectively, of Section 8.019.01, the Borrowers Borrower may extend the Stated Maturity Date to a Business Day that is not later than 12 twelve (12) months after the then-effective Stated Maturity Date, no more than one (1) time, upon: (a) delivery of a Facility Extension Request to Administrative Agent at least 30 thirty (30) days, but no more than 90 (60) days, prior to the Stated Maturity Date then in effect or such shorter time period as Administrative Agent may agreeeffect; (b) payment to Administrative Agent for the benefit of the Lenders of a facility extension fee equal to 25 basis points on the then-existing Maximum Commitmentapplicable Facility Extension Fee; and (c) payment by the Borrowers Borrower of all fees and expenses to Administrative Agent and the Lenders to the extent then due. Administrative Agent agrees to deliver Such extension shall be evidenced by delivery of written confirmation of any extension the same by Administrative Agent to the BorrowersBorrower.

Appears in 1 contract

Samples: Revolving Credit Agreement (GOLUB CAPITAL INVESTMENT Corp)

Extension of Stated Maturity Date. So long as (x) no Event of Default or Default has occurred and is continuing on the date on which notice is given in accordance with the following clause (a) or on the Stated Maturity Date and (y) the representations and warranties contained in Section 7 or in any other Loan Document are true and correct in all material respects (without duplication of any materiality qualifications) on and as of the date on which notice is given in accordance with the following clause (a) and on the Stated Maturity Date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they were true and correct in all material respects (without duplication of any materiality qualifications) as of such earlier date, and except that for purposes of this Section 2.18, the representations and warranties contained in Section 7.07 are hereby deemed to refer to the most recent financial statements furnished pursuant to clauses (a) and (b), respectively, of Section 8.01, the Borrowers may request to extend the Stated Maturity Date to a Business Day that is not later than 12 126 months after the then-effective Stated Maturity Date, no more than one time, upon: (a) delivery of a Facility Extension Request to Administrative Agent at least 30 days, but no more than 90 days, prior to the Stated Maturity Date then in effect or such shorter time period as Administrative Agent may agree; (b) payment to Administrative Agent for the benefit of the Lenders of a facility extension fee equal to 25 2511.67 basis points on the then-existing Maximum Commitment; and (c) payment by the Borrowers of all fees to Administrative Agent and the Lenders to the extent then due; and (d) consent of the extending Lenders. Administrative Agent agrees to deliver written confirmation of any extension to the Borrowers.. 61 0000-0000-0000 v.54890-8208-0090 v.3

Appears in 1 contract

Samples: Revolving Credit Agreement (Goldman Sachs Private Middle Market Credit II LLC)

Extension of Stated Maturity Date. So long as (x) no Event of Default or Potential Default has shall have occurred and is be continuing on the date on which notice is given in accordance with the following clause (a) or on the Stated Maturity Date and (y) the representations and warranties contained in Section 7 8 or in any other Loan Document are shall be true and correct in all material respects on and as of the date on which notice is given in accordance with the following clause (a) and on the Stated Maturity Date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they were shall be true and correct in all material respects as of such earlier date, and except that for purposes of this Section 2.182.15, the representations and warranties contained in Section 7.07 are hereby 8.08 shall be deemed to refer to the most recent financial statements furnished pursuant to clauses (a) and (b), respectively, of Section 8.019.01, the Borrowers Borrower may extend the Stated Maturity Date to a Business Day that is not later than 12 twelve (12) months after the then-effective Stated Maturity Date, no more than one (1) time, upon: (a) delivery of a Facility Extension Request to Administrative Agent at least 30 thirty (30) days, but no more than 90 (60) days, prior to the Stated Maturity Date then in effect or such shorter time period as Administrative Agent may agreeeffect; (b) payment to Administrative Agent for the benefit of the Lenders of a facility extension fee equal to 25 basis points on the then-existing Maximum Commitmentapplicable Facility Extension Fee; and (c) payment by the Borrowers Borrower of all fees and expenses to Administrative Agent and the Lenders to the extent then due. Administrative Agent agrees to deliver Such extension shall be evidenced by delivery of written confirmation of any extension the same by Administrative Agent to the BorrowersBorrower.

Appears in 1 contract

Samples: Revolving Credit Agreement (Golub Capital Investment Corp)

Extension of Stated Maturity Date. So long as (x) no Event of Default or or, to the knowledge of the Borrower, Potential Default has shall have occurred and is be continuing on the date on which notice is given in accordance with the following clause (a) or on the Stated Maturity Date and (y) to the knowledge of the Borrower, the representations and warranties contained in Section 7 8 or in any other Loan Document are shall be true and correct in all material respects on and as of the date on which notice is given in accordance with the following clause (a) and on the Stated Maturity Date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they were shall be true and correct in all material respects as of such earlier date, and except that for purposes of this Section 2.182.15, the representations and warranties contained in Section 7.07 are hereby 8.08 shall be deemed to refer to the most recent financial statements furnished pursuant to clauses (a) and (b), respectively, of Section 8.019.01,, the Borrowers Borrower may extend the Stated Maturity Date to a Business Day that is not later than 12 twelve (12) months after the then-effective Stated Maturity Date, no more than one (1) time, upon: (a) delivery of a Facility Extension Request to Administrative Agent at least 30 thirty (30) days, but no more than 90 (60) days, prior to the Stated Maturity Date then in effect or such shorter time period as Administrative Agent may agreeeffect; (b) payment to Administrative Agent for the benefit of the Lenders of a facility extension fee equal to 25 basis points on the then-existing Maximum Commitmentapplicable Facility Extension Fee; and (c) payment by the Borrowers Borrower of all fees and expenses to Administrative Agent and the Lenders to the extent then due. Administrative Agent agrees to deliver Such extension shall be evidenced by delivery of written confirmation of any extension the same by Administrative Agent to the BorrowersBorrower.

Appears in 1 contract

Samples: Revolving Credit Agreement (Golub Capital BDC 3, Inc.)

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Extension of Stated Maturity Date. So long as (x) no Event of Default or Potential Default has shall have occurred and is be continuing on the date on which notice is given in accordance with the following clause (a) or on the Stated Maturity Date and (y) the representations and warranties contained in Section 7 8 or in any other Loan Document are shall be true and correct in all material respects on and as of the date on which notice is given in accordance with the following clause (a) and or on the Stated Maturity Date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they were shall be true and correct in all material respects as of such earlier date, and except that for purposes of this Section 2.182.15, the representations and warranties contained in Section 7.07 are hereby 8.08 shall be deemed to refer to the most recent financial statements furnished pursuant to clauses (a) and (b), respectively, of Section 8.019.01, the Borrowers Borrower may extend the Stated Maturity Date to a Business Day date that is not later than 12 twelve (12) months after the then-effective Stated Maturity Date, no more than one time, upon: (a) delivery of a Facility Extension Request to Administrative Agent at least 30 thirty (30) days, but no more than 90 (60) days, prior to the Stated Maturity Date then in effect or such shorter time period as Administrative Agent may agreeeffect; (b) payment to Administrative Agent for the benefit of the Lenders of a facility extension fee equal to 25 15 basis points (0.15%) on the then-existing Maximum CommitmentCommitment on a non-refundable basis; and (c) payment by the Borrowers Borrower of all fees and expenses to Administrative Agent and the Lenders to the extent then due. Administrative Agent agrees to deliver Such extension shall be evidenced by delivery of written confirmation of any extension the same by Administrative Agent to the BorrowersBorrower.

Appears in 1 contract

Samples: Revolving Credit Agreement (Bain Capital Specialty Finance, Inc.)

Extension of Stated Maturity Date. So long as (x) no Event of Default or Default has occurred and is continuing on the date on which notice is given in accordance with the following clause (a) or on the Stated Maturity Date and (y) the representations and warranties contained in Section 7 or in any other Loan Document are true and correct in all material respects on and as of the date on which notice is given in accordance with the following clause (a) and on the Stated Maturity Date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they were true and correct in all material respects as of such earlier date, and except that for purposes of this Section 2.18, the representations and warranties contained in Section 7.07 are hereby deemed to refer to the most recent financial statements furnished pursuant to clauses (a) and (b), respectively, of Section 8.01, the Borrowers may request to extend the Stated Maturity Date to a Business Day that is not later than 12 months after the then-effective Stated Maturity Date, no more than one time, upon: (a) delivery of a Facility Extension Request to Administrative Agent at least 30 days, but no more than 90 days, prior to the Stated Maturity Date then in effect or such shorter time period as Administrative Agent may agree; (b) payment to Administrative Agent for the benefit of the Lenders of a facility extension fee equal to 25 basis points on the then-existing Maximum Commitment; and (c) payment by the Borrowers of all fees to Administrative Agent and the Lenders to the extent then due. Administrative Agent agrees to deliver written confirmation of any extension to the Borrowers.; and (d)

Appears in 1 contract

Samples: Revolving Credit Agreement (Goldman Sachs Private Middle Market Credit II LLC)

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