Common use of Extension of Stated Maturity Date Clause in Contracts

Extension of Stated Maturity Date. The Borrower shall have the option to extend the Stated Maturity Date for one year beyond September 16, 2018 by giving written notice of such extension to the Administrative Agent not later than 60 days prior to September 16, 2018.

Appears in 2 contracts

Samples: Loan and Servicing Agreement (Fifth Street Finance Corp), Loan and Servicing Agreement (Fifth Street Finance Corp)

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Extension of Stated Maturity Date. The Borrower shall have the option to may extend the Stated Maturity Date for one year beyond September 16time to May 11, 2018 by giving written notice 2007 upon: (a) the delivery of such extension the Extension Notice to the Administrative Agent not later more than 60 ninety (90) days nor less than thirty (30) days prior to September 16the Initial Stated Maturity Date, 2018and (b) the payment of the Extension Fee.” Section 8.1 (a)(ii) of the Credit Agreement is hereby amended in its entirety to read as follows:

Appears in 1 contract

Samples: Revolving Credit Agreement (Municipal Mortgage & Equity LLC)

Extension of Stated Maturity Date. The Borrower shall have the option to may extend the Stated Maturity Date for one year beyond September 16time to May 12, 2018 by giving written notice 2005 upon: (a) the delivery of such extension the Extension Notice to the Administrative Agent not later more than 60 ninety (90) days nor less than thirty (30) days prior to September 16the Initial Stated Maturity Date, 2018and (b) the payment of the Extension Fee.

Appears in 1 contract

Samples: Revolving Credit Agreement (Municipal Mortgage & Equity LLC)

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Extension of Stated Maturity Date. The Borrower shall have Upon the option to extend request of the Borrower, the Stated Maturity Date may automatically be extended on March 31, 2007 for a period of one year beyond September 16to March 31, 2018 by giving 2008; provided that, if the Borrower wishes to request an extension of the Stated Maturity Date, it shall (a) give written notice of such extension to that effect to the Administrative Agent not later than 60 days prior to September 16February 28, 20182007 and (b) together with such notice, the Borrower will pay an extension fee of $30,000 to the Administrative Agent payable ratably to each Lender based on such Lender’s LC Percentage.

Appears in 1 contract

Samples: Reimbursement Agreement (PPL Energy Supply LLC)

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