Extension of Term Loans and Revolving Credit Commitments Sample Clauses

Extension of Term Loans and Revolving Credit Commitments. (a) Notwithstanding anything to the contrary in this Agreement, subject to the terms of this Section 2.18, pursuant to one or more offers (each, an “Extension Offer”) made from time to time by Parent to all Lenders of a Tranche of Term Loans with a like Maturity Date or Tranche of Revolving Credit Commitments with a like Maturity Date, in each case on a pro rata basis (based on the aggregate outstanding principal amount of the respective Tranche of Term Loans with a like Maturity Date or Tranche of Revolving Credit Commitments with a like Maturity Date, as the case may be) and on the same terms to each such Lender, Parent is hereby permitted to consummate from time to time following the initial Extension of Credit on or after the Closing Date transactions with individual Lenders that accept the terms contained in such Extension Offers to extend the Maturity Date of each such Lender’s Term Loans and/or Revolving Credit Commitments and otherwise modify the terms of such Tranche of Term Loans and/or Tranche of Revolving Credit Commitments pursuant to the terms of the relevant Extension Offer (including, without limitation, by increasing the interest rate or fees payable in respect of such Tranche of Term Loans and/or Revolving Credit Commitments (and related outstandings) and/or modifying the amortization schedule in respect of such Lender’s Term Loans)) (each, an “Extension”, any Extended Term Loans shall constitute a separate Tranche of Term Loans from the Tranche of Term Loans from which they were converted, and any Extended Revolving Credit Commitments shall constitute a separate Tranche of Revolving Credit Commitments from the Tranche of Revolving Credit Commitments from which they were converted), so long as the following terms are satisfied:
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Extension of Term Loans and Revolving Credit Commitments. (a) The Borrowers may at any time and from time to time request that all or a portion of the (i) Term Loans of one or more Tranches existing at the time of such request (each, an “Existing Term Loan Tranche”, and the Term Loans of such Tranche, the “Existing Term Loans”) or (ii) Revolving Credit Commitments and Revolving Credit Loans of one or more Tranches existing at the time of such request (each, an “Existing Revolving Tranche” and together with the Existing Term Loan Tranches, each an “Existing Tranche”, and the Revolving Credit Commitments of such Existing Revolving Tranche, the “Existing Revolving Credit Commitments”, and the Revolving Credit Loans of such Existing Revolving Tranche, the “Existing Revolving Loans” and, together with the Existing Term Loans, the “Existing Loans”), in each case, be converted to extend the scheduled maturity date(s) of any payment of principal with respect to all or a portion of any principal amount of any Existing Tranche (any such Existing Tranche which has been so extended, an “
Extension of Term Loans and Revolving Credit Commitments. (a) The Borrowers may at any time and from time to time request that all or a portion of the (i) Term Loans of one or more Tranches existing at the time of such request (each, an “
Extension of Term Loans and Revolving Credit Commitments. Notwithstanding anything to the contrary in this Agreement, the Borrower may make one or more offers (each, an “Extension Offer”) from time to time to all Lenders of any tranche of Term Loans with a like maturity date or Revolving Credit Commitments with a like maturity date, in each case on a pro rata basis (based on the aggregate outstanding principal amount of the respective tranche of Term Loans or Revolving Credit Commitments with a like maturity date, as the case may be) and on the same terms to each such Lender, to extend the maturity date of each such Lender’s Term Loans of such tranche and/or Revolving Credit Commitments (each, an “Extension”, and each group of Term Loans or Revolving Credit Commitments, as applicable, in each case as so extended, as well as the original Term Loans and the original Revolving Credit Commitments (in each case not so extended), being a separate “tranche”). Each Extension shall be subject to the following terms conditions:
Extension of Term Loans and Revolving Credit Commitments. (a) The Borrower may at any time and from time to time request that all or a portion of the (i) Term Loans of one or more Tranches existing at the time of such request (each, an “Existing Term Tranche”, and the Term Loans of such Tranche, the “Existin... (b) The Borrower shall provide the applicable Extension Request at least ten Business Days (or such shorter period as the Extended Loans Agent may agree in its sole discretion) prior to the date on which Lenders under the applicable Existing Tranche o... (c) Extended Tranches shall be established pursuant to an amendment (an “Extension Amendment”) to this Agreement (which may include amendments to provisions related to maturity, interest margins or fees referenced in clauses (x) and (y) of Section 2.1... (d) Notwithstanding anything to the contrary contained in this Agreement, on any date on which any Existing Tranche is converted to extend the related scheduled maturity date(s) in accordance with clause (a) above (an “Extension Date”), in the case of... (e) If, in connection with any proposed Extension Amendment, any requested Lender declines to consent to the applicable extension on the terms and by the deadline set forth in the applicable Extension Request (each such other Lender, a “Non-Extending ... (f)
Extension of Term Loans and Revolving Credit Commitments. (a) The Borrowers may at any time and from time to time request that all or a portion of the (i) Term Loans of one or more Tranches existing at the time of such request (each, an “Existing Term Tranche”, and the Term Loans of such Tranche, the “Existing Term Loans”), (ii) Dollar Revolving Credit Commitments of one or more Tranches existing at the time of such request (each, an “Existing Dollar Revolving Tranche”) or (iii) Multicurrency Revolving Credit Commitments of one or more Tranches existing at the time of such request (each, an “Existing Multicurrency Revolving Tranche” and together with the Existing Term Tranches and the Existing Dollar Revolving Tranche, each an “Existing Tranche”, and the Dollar Revolving Credit Commitments of such Existing Dollar Revolving Tranche, the “
Extension of Term Loans and Revolving Credit Commitments. (a) Each Extending Revolving Lender that executes and delivers a Revolving Lender Addendum (i) agrees to extend its Existing Revolving Credit Commitments and Existing Revolving Credit Loans as Series 2022 Revolving Credit Commitments and Series 2022 Revolving Credit Loans in a commitment amount or principal amount equal to the outstanding commitment amount or principal amount of such Extending Revolving Lender’s Existing Revolving Credit Commitments and Existing Revolving Credit Loans (such amount, or such lesser amount as communicated by the Lead Arranger to such lender, the “Revolving Extension Amount”) and agrees that its Existing Revolving Credit Commitment and Existing Revolving Credit Loans shall be converted to a Series 2022 Revolving Credit Commitment and Series 2022 Revolving Loans in the applicable Revolving Extension Amount, (ii) agrees to its Letter of Credit Commitment in the amount set forth in the Amended Credit Agreement, (iii) agrees to the terms of this Amendment, and (iv) agrees, effective upon the Effective Date, to all provisions of the Amended Credit Agreement, and to be a party to the Amendment Credit Agreement, as a Lender (and, for purposes of the Amended Credit Agreement, as a Series 2022 Revolving Credit Lender and a Letter of Credit Issuer).
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Extension of Term Loans and Revolving Credit Commitments. 144158 Section 2.16. Permitted Debt Exchanges. 149163 Section 2.17. New Incremental Indebtedness. 150164 Section 2.18. Cash Collateral. 152167 Section 2.19. Defaulting Lenders. 153168 Table of Contents (continued) Page Section 2.20. Specified Refinancing Debt. 156171 ARTICLE III TAXES, INCREASED COSTS PROTECTION AND ILLEGALITY Section 3.01. Taxes. 159174 Section 3.02. Illegality. 163178
Extension of Term Loans and Revolving Credit Commitments 

Related to Extension of Term Loans and Revolving Credit Commitments

  • Incremental Revolving Commitments (a) The Borrower may on one or more occasions, by written notice to the Administrative Agent, request during the Revolving Commitment Period the establishment of Incremental Revolving Commitments, provided that the aggregate amount of all the Incremental Revolving Commitments to be established hereunder on any date shall not exceed the Incremental Amount as of such date. Each such notice shall specify (i) the date on which the Borrower proposes that the Incremental Revolving Commitments shall be effective, which shall be a date not less than 10 Business Days (or such shorter period as may be agreed to by the Administrative Agent) after the date on which such notice is delivered to the Administrative Agent, (ii) the amount of the Incremental Revolving Commitments being requested (which shall be an amount not less than $5,000,000) and (iii) the identity of each Person proposed to become an Incremental Revolving Lender in connection therewith (it being agreed that (x) any Lender approached to provide any Incremental Revolving Commitment may elect or decline, in its sole discretion, to provide such Incremental Revolving Commitment and (y) any Person that the Borrower proposes to become an Incremental Revolving Lender, if such Person is not then a Lender, must be an Eligible Assignee and, if such approval would then be required under Section 10.6(c) for an assignment to such Person of a Commitment or Loan, must be approved by the Administrative Agent, each Issuing Bank and the Swing Line Lender (such approval not to be unreasonably withheld or delayed)).

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