Common use of Extension of Termination Date Clause in Contracts

Extension of Termination Date. (a) At least 35 days but not more than 70 days prior to any anniversary of the Closing Date, the Company, by written notice to the Administrative Agent, may request an extension of the Termination Date in effect at such time by one year from its then scheduled expiration; provided that the Company may make no more than two such requests. The Administrative Agent shall promptly notify each Bank of such request, and each Bank shall in turn, in its sole discretion, not later than 25 days prior to the applicable anniversary date, notify the Company and the Administrative Agent in writing as to whether such Bank will consent to such extension. If any Bank shall fail to notify the Administrative Agent and the Company in writing of its consent to any such request for extension of the Termination Date at least 25 days prior to the applicable anniversary date, such Bank shall be deemed to be a Non-Extending Bank with respect to such request. The Administrative Agent shall notify the Company not later than 20 days prior to the applicable anniversary date of the decision of the Banks regarding the Company’s request for an extension of the Termination Date.

Appears in 4 contracts

Samples: Credit Agreement (Western Union CO), Credit Agreement (Western Union CO), Credit Agreement (Western Union CO)

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Extension of Termination Date. (a) At least 35 45 days but not more than 70 60 days prior to any the first and/or second anniversary of the Closing Effective Date, the CompanyBorrower, by written notice to the Administrative Agent, may request an extension of the Termination Date in effect at such time by one year from its then scheduled expiration; provided that the Company may make no more than two such requests. The Administrative Agent shall promptly notify each Bank Lender of such request, and each Bank Lender shall in turn, in its sole discretion, not later than 25 20 days prior to the applicable anniversary date, notify the Company Borrower and the Administrative Agent in writing as to whether such Bank Lender will consent to such extension. If any Bank Lender shall fail to notify the Administrative Agent and the Company Borrower in writing of its consent to any such request for extension of the Termination Date at least 25 20 days prior to the applicable anniversary date, such Bank Lender shall be deemed to be a Non-Extending Bank Consenting Lender with respect to such request. The Administrative Agent shall notify the Company Borrower not later than 20 15 days prior to the applicable anniversary date of the decision of the Banks Lenders regarding the CompanyBorrower’s request for an extension of the Termination Date.

Appears in 4 contracts

Samples: Credit Agreement (Packaging Corp of America), Five Year Credit Agreement (Packaging Corp of America), Credit Agreement (Hillenbrand, Inc.)

Extension of Termination Date. (a) At least 35 30 days but not more than 70 45 days prior to any anniversary or all of the Closing first, second, third or fourth anniversaries of the Effective Date, the CompanyBorrower, by written notice to the Administrative Agent, may request an extension of the Termination Date in effect at such time by one year from its then scheduled expiration; provided that the Company may make no more than two such requests. The Administrative Agent shall promptly notify each Bank Lender of such request, and each Bank Lender shall in turn, in its sole discretion, not later than 25 20 days prior to the applicable such anniversary date, notify the Company Borrower and the Administrative Agent in writing as to whether such Bank Lender will consent to such extension. If any Bank Lender shall fail to notify the Administrative Agent and the Company Borrower in writing of its consent to any such request for extension of the Termination Date at least 25 20 days prior to the applicable anniversary date, such Bank Lender shall be deemed to be a Non-Extending Bank Consenting Lender with respect to such request. The Administrative Agent shall notify the Company Borrower not later than 20 15 days prior to the applicable anniversary date of the decision of the Banks Lenders regarding the CompanyBorrower’s request for an extension of the Termination Date.

Appears in 4 contracts

Samples: Assignment and Assumption (SNAP-ON Inc), Assignment and Assumption (SNAP-ON Inc), Five Year Credit Agreement (Snap on Inc)

Extension of Termination Date. (a) At least 35 30 days but not more than 70 45 days prior to any anniversary of the Closing Effective Date, the CompanyBorrower, by written notice to the Administrative Agent, may request an extension of the Termination Date in effect at such time by one year from its then scheduled expiration; provided that the Company may make no more than two such requests. The Administrative Agent shall promptly notify each Bank Lender of such request, and each Bank Lender shall in turn, in its sole discretion, not later than 25 20 days prior to the applicable such anniversary date, notify the Company Borrower and the Administrative Agent in writing as to whether such Bank Lender will consent to such extension. If any Bank Lender shall fail to notify the Administrative Agent and the Company Borrower in writing of its consent to any such request for extension of the Termination Date at least 25 20 days prior to the applicable anniversary date, such Bank Lender shall be deemed to be a Non-Extending Bank Consenting Lender with respect to such request. The Administrative Agent shall notify the Company Borrower not later than 20 15 days prior to the applicable anniversary date of the decision of the Banks Lenders regarding the CompanyBorrower’s request for an extension of the Termination Date.

Appears in 4 contracts

Samples: Credit Agreement (Applied Materials Inc /De), Credit Agreement (Applied Materials Inc /De), Credit Agreement (Applied Materials Inc /De)

Extension of Termination Date. (a) At least 35 30 days but not more than 70 45 days prior to any anniversary either or both of the Closing first and second anniversaries of the Effective Date, the CompanyBorrower, by written notice to the Administrative Agent, may request an extension of the Termination Date in effect at such time by one year from its then scheduled expiration; provided that the Company may make no more than two such requests. The Administrative Agent shall promptly notify each Bank Lender of such request, and each Bank Lender shall in turn, in its sole discretion, not later than 25 20 days prior to the applicable anniversary date, notify the Company Borrower and the Administrative Agent in writing as to whether such Bank Lender will consent to such extension. If any Bank Lender shall fail to notify the Administrative Agent and the Company Borrower in writing of its consent to any such request for extension of the Termination Date at least 25 20 days prior to the applicable anniversary date, such Bank Lender shall be deemed to be a Non-Extending Bank Consenting Lender with respect to such request. The Administrative Agent shall notify the Company Borrower not later than 20 15 days prior to the applicable anniversary date of the decision of the Banks Lenders regarding the CompanyBorrower’s request for an extension of the Termination Date.

Appears in 3 contracts

Samples: Credit Agreement (Corning Inc /Ny), Credit Agreement (Corning Inc /Ny), Credit Agreement (Corning Inc /Ny)

Extension of Termination Date. (a) At least 35 30 days but not more than 70 60 days prior to any anniversary of the Closing next Anniversary Date, the CompanyBorrower, by written notice to the Administrative Agent, may request an extension of the Termination Date in effect at such time by one calendar year from its then scheduled expiration; provided that the Company may make no more than two such requests. The Administrative Agent shall promptly notify each Bank Lender of such request, and each Bank Lender shall in turn, in its sole discretion, not later than 25 15 days prior to after the applicable anniversary datedate of such extension request, notify the Company Borrower and the Administrative Agent in writing as to whether such Bank Lender will consent to such extension. If any Bank Lender shall fail to notify the Administrative Agent and the Company Borrower in writing of its consent to any such request for extension of the Termination Date at least 25 within 15 days prior to after the applicable anniversary datedate of such extension request, such Bank Lender shall be deemed to be a Non-Extending Bank Consenting Lender with respect to such request. The Administrative Agent shall notify the Company Borrower not later than 20 10 days prior to the applicable anniversary date such next Anniversary Date of the decision of the Banks Lenders regarding the CompanyBorrower’s request for an extension of the Termination Date.

Appears in 2 contracts

Samples: Year Credit Agreement (Colgate Palmolive Co), Credit Agreement (Colgate Palmolive Co)

Extension of Termination Date. (a) At least 35 30 days but not more than 70 60 days prior to any anniversary either or both of the Closing Datefirst and second Extension Effective Dates, the CompanyBorrower, by written notice to the Administrative Agent, may request an extension of the Termination Date in effect at such time by one year from its then scheduled expiration; provided that the Company may make no more than two such requests. The Administrative Agent shall promptly notify each Bank Lender of such request, and each Bank Lender shall in turn, in its sole discretion, not later than 25 at least 20 days prior to the applicable anniversary datesuch Extension Effective Date, notify the Company Borrower and the Administrative Agent in writing as to whether such Bank Lender will consent to such extension. If any Bank Lender shall fail to notify the Administrative Agent and the Company Borrower in writing of its consent to any such request for extension of the Termination Date at least 25 20 days prior to the applicable anniversary datescheduled occurrence thereof at such time, such Bank Lender shall be deemed to be a Non-Extending Bank Consenting Lender with respect to such request. The Administrative Agent shall notify the Company Borrower not later than 20 15 days prior to the applicable anniversary date pending Extension Effective Date of the decision of the Banks Lenders regarding the CompanyBorrower’s request for an extension of the Termination Date.

Appears in 2 contracts

Samples: Credit Agreement (Kroger Co), Credit Agreement (Kroger Co)

Extension of Termination Date. (a) At least 35 30 days but not more than 70 60 days prior to any anniversary of the Closing Effective Date, the Company, by written notice to the Administrative Agent, may request an extension of the Termination Date in effect at such time by one year from its then scheduled expiration; provided that the Company may make no more than two such requests. The Administrative Agent shall promptly notify each Bank Lender of such request, and each Bank Lender shall in turn, in its sole discretion, not later than 25 15 days prior to the applicable such anniversary date, notify the Company and the Administrative Agent in writing as to whether such Bank Lender will consent to such extension. If any Bank Lender shall fail to notify the Administrative Agent and the Company in writing of its consent to any such request for extension of the Termination Date at least 25 15 days prior to the applicable anniversary date, such Bank Lender shall be deemed to be a Non-Extending Bank Consenting Lender with respect to such request. The Administrative Agent shall notify the Company not later than 20 ten days prior to the applicable anniversary date of the decision of the Banks Lenders regarding the Company’s request for an extension of the Termination Date.

Appears in 2 contracts

Samples: Five Year Credit Agreement (Honeywell International Inc), Five Year Credit Agreement (Honeywell International Inc)

Extension of Termination Date. (a) At least 35 45 days but not more than 70 60 days prior to any anniversary of the Closing Restatement Date, the Company, by written notice to the Administrative Agent, may request an extension of the Termination Date in effect at such time by one year from its then scheduled expiration; provided that the Company may make no more than two such requests. The Administrative Agent shall promptly notify each Bank Lender of such request, and each Bank Lender shall in turn, in its sole discretion, not later than 25 30 days prior to the applicable such anniversary date, notify the Company and the Administrative Agent in writing as to whether such Bank Lender will consent to such extension. If any Bank Lender shall fail to notify the Administrative Agent and the Company in writing of its consent to any such request for extension of the Termination Date at least 25 20 days prior to the applicable such anniversary date, such Bank Lender shall be deemed to be a Non-Extending Bank Consenting Lender with respect to such request. The Administrative Agent shall notify the Company not later than 20 15 days prior to the applicable such anniversary date of the decision of the Banks Lenders regarding the Company’s request for an extension of the Termination Date.

Appears in 2 contracts

Samples: Credit Agreement (Marsh & McLennan Companies, Inc.), Assignment and Assumption (Marsh & McLennan Companies, Inc.)

Extension of Termination Date. (a) At least 35 45 days but not more than 70 60 days prior to any each anniversary of the Closing Effective Date, the CompanyBorrower, by written notice to the Administrative Agent, may request an extension of the Termination Date in effect at such time by one year from its then scheduled expiration; provided that the Company may make no more than two such requests. The Administrative Agent shall promptly notify each Bank Revolving Credit Lender of such request, and each Bank Revolving Credit Lender shall in turn, in its sole discretion, not later than 25 20 days prior to the applicable such anniversary date, notify the Company Borrower and the Administrative Agent in writing as to whether such Bank Lender will consent to such extension. If any Bank Revolving Credit Lender shall fail to notify the Administrative Agent and the Company Borrower in writing of its consent to any such request for extension of the Termination Date at least 25 20 days prior to the applicable anniversary date, such Bank Lender shall be deemed to be a Non-Extending Bank Consenting Lender with respect to such request. The Administrative Agent shall notify the Company Borrower not later than 20 15 days prior to the applicable anniversary date of the decision of the Banks Revolving Credit Lenders regarding the CompanyBorrower’s request for an extension of the Termination Date.

Appears in 2 contracts

Samples: Credit Agreement (Embarq CORP), Credit Agreement (Embarq CORP)

Extension of Termination Date. (a) At least 35 30 days but not more than 70 60 days prior to any anniversary of the Closing Restatement Date, the Company, by written notice to the Administrative Agent, may request an extension of the Termination Date in effect at such time by one year from its then scheduled expiration; provided that the Company may make no more than two such requests. The Administrative Agent shall promptly notify each Bank Lender of such request, and each Bank Lender shall in turn, in its sole discretion, not later than 25 15 days prior to the applicable such anniversary date, notify the Company and the Administrative Agent in writing as to whether such Bank Lender will consent to such extension. If any Bank Lender shall fail to notify the Administrative Agent and the Company in writing of its consent to any such request for extension of the Termination Date at least 25 15 days prior to the applicable anniversary date, such Bank Lender shall be deemed to be a Non-Extending Bank Consenting Lender with respect to such request. The Administrative Agent shall notify the Company not later than 20 ten days prior to the applicable anniversary date of the decision of the Banks Lenders regarding the Company’s request for an extension of the Termination Date.

Appears in 2 contracts

Samples: Five Year Credit Agreement (Honeywell International Inc), Five Year Credit Agreement (Honeywell International Inc)

Extension of Termination Date. (a) At least 35 45 days but not more than 70 90 days prior to any the first and/or second anniversary of the Closing Effective Date, the CompanyBorrower, by written notice to the Administrative Agent, may request an extension of the Termination Date in effect at such time by one year from its then scheduled expiration; provided that the Company may make no more than two such requests. The Administrative Agent shall promptly notify each Bank Lender of such request, and each Bank Lender shall in turn, in its sole discretion, not later than 25 20 days prior to the applicable such anniversary date, notify the Company Borrower and the Administrative Agent in writing as to whether such Bank Lender will consent to such extension. If any Bank Lender shall fail to notify the Administrative Agent and the Company Borrower in writing of its consent to any such request for extension of the Termination Date at least 25 20 days prior to the applicable anniversary date, such Bank Lender shall be deemed to be a Non-Extending Bank Consenting Lender with respect to such request. The Administrative Agent shall notify the Company Borrower not later than 20 15 days prior to the applicable anniversary date of the decision of the Banks Lenders regarding the CompanyBorrower’s request for an extension of the Termination Date.

Appears in 2 contracts

Samples: Year Credit Agreement (Gatx Corp), Five Year Credit Agreement (Gatx Corp)

Extension of Termination Date. (a) At least 35 30 days but not more than 70 60 days prior to any anniversary of the Closing Restatement Date, the Company, by written notice to the Administrative Agent, may request an extension of the Termination Date in effect at such time by one year from its then scheduled expiration; provided that the Company may make no more than two such requests. The Administrative Agent shall promptly notify each Bank Lender of such request, and each Bank Lender shall in turn, in its sole discretion, not later than 25 15 days prior to the applicable such anniversary date, notify the Company and the Administrative Agent in writing as to whether such Bank Xxxxxx will consent to such extension. If any Bank Lender shall fail to notify the Administrative Agent and the Company in writing of its consent to any such request for extension of the Termination Date at least 25 15 days prior to the applicable anniversary date, such Bank Lender shall be deemed to be a Non-Extending Bank Consenting Lender with respect to such request. The Administrative Agent shall notify the Company not later than 20 ten days prior to the applicable anniversary date of the decision of the Banks Lenders regarding the Company’s request for an extension of the Termination Date.

Appears in 2 contracts

Samples: Five Year Credit Agreement (Honeywell International Inc), Five Year Credit Agreement (Honeywell International Inc)

Extension of Termination Date. (a) At least 35 45 days but not more than 70 60 days prior to any anniversary of the Closing Restatement Date, the Company, by written notice to the Administrative Agent, may request an extension of the Termination Date in effect at such time by one year from its then scheduled expiration; provided that the Company may make no more than two such requests. The Administrative Agent shall promptly notify each Bank Lender of such request, and each Bank Lender shall in turn, in its sole discretion, not later than 25 30 days prior to the applicable such anniversary date, notify the Company and the Administrative Agent in writing as to whether such Bank Xxxxxx will consent to such extension. If any Bank Lender shall fail to notify the Administrative Agent and the Company in writing of its consent to any such request for extension of the Termination Date at least 25 20 days prior to the applicable such anniversary date, such Bank Lender shall be deemed to be a Non-Extending Bank Consenting Lender with respect to such request. The Administrative Agent shall notify the Company not later than 20 15 days prior to the applicable such anniversary date of the decision of the Banks Lenders regarding the Company’s request for an extension of the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Marsh & McLennan Companies, Inc.)

Extension of Termination Date. (a) At least 35 45 days but not more than 70 60 days prior to any anniversary of the Closing Restatement Date, the Company, by written notice to the Administrative Agent, may request an extension of the Termination Date in effect at such time by one year from its then scheduled expiration; provided that the Company may make no more than two such requests. The Administrative Agent shall promptly notify each Bank Lender of such request, and each Bank Lender shall in turn, in its sole discretion, not later than 25 20 days prior to the applicable such anniversary date, notify the Company and the Administrative Agent in writing as to whether such Bank Lender will consent to such extension. If any Bank Lender shall fail to notify the Administrative Agent and the Company in writing of its consent to any such request for extension of the Termination Date at least 25 20 days prior to the applicable anniversary date, such Bank Lender shall be deemed to be a Non-Extending Bank Consenting Lender with respect to such request. The Administrative Agent shall notify the Company not later than 20 15 days prior to the applicable anniversary date of the decision of the Banks Lenders regarding the Company’s request for an extension of the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Honeywell International Inc)

Extension of Termination Date. (a) At least 35 60 days but not more than 70 90 days prior to any anniversary either or both of the Closing first and second anniversaries of the Effective Date, the CompanyBorrower, by written notice to the Administrative Agent, may request an extension of the Termination Date in effect at such time by one year from its then scheduled expiration; provided that the Company may make no more than two such requests. The Administrative Agent shall promptly notify each Bank Lender of such request, and each Bank Lender shall in turn, in its sole discretion, not later than 25 45 days prior to the applicable such anniversary date, notify the Company Borrower and the Administrative Agent in writing as to whether such Bank Lender will consent to such extension. If any Bank Lender shall fail to notify the Administrative Agent and the Company Borrower in writing of its consent to any such request for extension of the Termination Date at least 25 45 days prior to the applicable such anniversary date, such Bank Lender shall be deemed to be a Non-Extending Bank Consenting Lender with respect to such request. The Administrative Agent shall notify the Company Borrower not later than 20 40 days prior to the applicable anniversary date of the decision of the Banks Lenders regarding the CompanyBorrower’s request for an extension of the Termination Date.

Appears in 1 contract

Samples: Five Year Credit Agreement (Washington Post Co)

Extension of Termination Date. (a) At least 35 30 days but not more than 70 60 days prior to any anniversary of the Closing Date, the CompanyBorrower, by written notice to the Administrative Agent, may request an extension of the Termination Date in effect at such time by one year from its then scheduled expiration; provided that the Company may make no more than two such requestsrequests may be made after the Closing Date. The Administrative Agent shall promptly notify each Bank Lender of such request, and each Bank Lender shall in turn, in its sole discretion, not later than 25 20 days prior to the applicable such anniversary date, notify the Company Borrower and the Administrative Agent in writing as to whether such Bank Xxxxxx will consent to such extension. If any Bank Lender shall fail to notify the Administrative Agent and the Company Borrower in writing of its consent to any such request for extension of the Termination Date at least 25 20 days prior to the applicable such anniversary date, such Bank Lender shall be deemed to be a Non-Extending Bank Consenting Lender with respect to such request. The Administrative Agent shall notify the Company Borrower not later than 20 15 days prior to the applicable such anniversary date of the decision of the Banks each Lender regarding the CompanyBorrower’s request for an extension of the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Gartner Inc)

Extension of Termination Date. (a) At least 35 30 days but not more than 70 90 days prior to any the each anniversary of the Closing Effective Date, the CompanyBorrower, by written notice to the Administrative Agent, may request an extension of the Termination Date in effect at such time by one year from its then scheduled expiration; provided that the Company may make no more than two such requests. The Administrative Agent Computer Associates Credit Agreement 23 shall promptly notify each Bank Lender of such request, and each Bank Lender shall in turn, in its sole discretion, not later than 25 days prior to the applicable such anniversary date, notify the Company Borrower and the Administrative Agent in writing as to whether such Bank Lender will consent to such extension. If any Bank Lender shall fail to notify the Administrative Agent and the Company Borrower in writing of its consent to any such request for extension of the Termination Date at least 25 days prior to the applicable such anniversary date, such Bank Lender shall be deemed to be a Non-Extending Bank Consenting Lender with respect to such request. The Administrative Agent shall notify the Company promptly (but in any event not later than 20 15 days prior to such anniversary date) notify the applicable anniversary date Borrower of the decision of the Banks Lenders pursuant to this Section 2.18 regarding the CompanyBorrower’s request for an extension of the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Computer Associates International Inc)

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Extension of Termination Date. (a) At least 35 45 days but not more than 70 60 days prior to any each of the first or second anniversary of the Closing Effective Date, the CompanyBorrower, by written notice to the Administrative Agent, may request an extension of the Termination Date in effect at such time by one year from its then scheduled expiration; provided that the Company may make no more than two such requests. The Administrative Agent shall promptly notify each Bank Lender of such request, and each Bank Lender shall in turn, in its sole discretion, no earlier than 30 days but not later than 25 20 days prior to the applicable such anniversary date, notify the Company Borrower and the Administrative Agent in writing as to whether such Bank Lender will consent to such extension. If any Bank Lender shall fail to notify the Administrative Agent and the Company Borrower in writing of its consent to any such request for extension of the Termination Date at least 25 20 days prior to the applicable anniversary date, such Bank Lender shall be deemed to be a Non-Extending Bank Consenting Lender with respect to such request. The Administrative Agent shall notify the Company Borrower not later than 20 15 days prior to the applicable anniversary date of the decision of the Banks Lenders regarding the Company’s Borrower's request for an extension of the Termination Date.

Appears in 1 contract

Samples: Five Year Credit Agreement (At&t Inc.)

Extension of Termination Date. (a) At least 35 45 days but not more than 70 60 days prior to any anniversary of the Closing Effective Date, the CompanyBorrower, by written notice to the Administrative Agent, may request an extension of the Termination Date in effect at such time by one year from its then scheduled expiration; provided that the Company may make no more than two such requests. The Administrative Agent shall promptly notify each Bank Lender of such request, and each Bank Lender shall in turn, in its sole discretion, not earlier than 30 days but not later than 25 20 days prior to the applicable such anniversary date, notify the Company Borrower and the Administrative Agent in writing as to whether such Bank Lender will consent to such extension. If any Bank Lender shall fail to notify the Administrative Agent and the Company Borrower in writing of its consent to any such request for extension of the Termination Date at least 25 20 days prior to the applicable such anniversary date, such Bank Lender shall be 57 deemed to be a Non-Extending Bank Consenting Lender with respect to such request. The Administrative Agent shall notify the Company Borrower not later than 20 15 days prior to the applicable such anniversary date of the decision of the Banks Lenders regarding the Company’s Borrower's request for an extension of the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Eastman Chemical Co)

Extension of Termination Date. (a) At Once per year and at least 35 60 days but not more than 70 90 days prior to any anniversary of the Closing Effective Date, the CompanyBorrower, by written notice to the Administrative Agent, may request an extension of the Termination Date in effect at such time by one year from its then scheduled expiration; provided that the Company may make no more than two such requests. The Administrative Agent shall promptly notify each Bank Lender of such request, and each Bank Lender shall in turn, in its sole discretion, not later than 25 20 days prior to the applicable such anniversary date, notify the Company Borrower and the Administrative Agent in writing as to whether such Bank Lender will consent to such extension. If any Bank Lender shall fail to notify the Administrative Agent and the Company Borrower in writing of its consent to any such request for extension of the Termination Date at least 25 20 days prior to the applicable anniversary date, such Bank Lender shall be deemed to be a Non-Extending Bank Consenting Lender with respect to such request. The Administrative Agent shall notify the Company Borrower not later than 20 15 days prior to the applicable anniversary date of the decision of the Banks Lenders regarding the CompanyBorrower’s request for an extension of the Termination Date.

Appears in 1 contract

Samples: Year Credit Agreement (Pinnacle West Capital Corp)

Extension of Termination Date. (a) At least 35 60 days but not more than 70 90 days prior to any anniversary of the Closing DateEffective Date (but not more than twice), the CompanyBorrower, by written notice to the Administrative Agent, may request an extension of the Termination Date in effect at such time by one year from its then scheduled expiration; provided that the Company may make no more than two such requests. The Administrative Agent shall promptly notify each Bank Lender of such request, and each Bank Lender shall in turn, in its sole discretion, not later than 25 20 days prior to the applicable such anniversary date, notify the Company Borrower and the Administrative Agent in writing as to whether such Bank Lender will consent to such extension. If any Bank Lender shall fail to notify the Administrative Agent and the Company Borrower in writing of its consent to any such request for extension of the Termination Date at least 25 20 days prior to the applicable anniversary date, such Bank Lender shall be deemed to be a Non-Extending Bank Consenting Lender with respect to such request. The Administrative Agent shall notify the Company Borrower not later than 20 15 days prior to the applicable anniversary date of the decision of the Banks Lenders regarding the Company’s Borrower's request for an extension of the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Pinnacle West Capital Corp)

Extension of Termination Date. (a) At least 35 45 days but not more than 70 60 days prior to any the first and/or second anniversary of the Closing Effective Date, the CompanyBorrower, by written notice to the Administrative Agent, may request an extension of the Termination Date in effect at such time by one year from its then scheduled expiration; provided that the Company may make no more than two such requests. The Administrative Agent shall promptly notify each Bank Lender of such request, and each Bank Lender shall in turn, in its sole discretion, not later than 25 20 days prior to the applicable such anniversary date, notify the Company Borrower and the Administrative Agent in writing as to whether such Bank Lender will consent to such extension. If any Bank Lender shall fail to notify the Administrative Agent and the Company Borrower in writing of its consent to any such request for extension of the Termination Date at least 25 20 days prior to the applicable anniversary date, such Bank Lender shall be deemed to be a Non-Extending Bank Consenting Lender with respect to such request. The Administrative Agent shall notify the Company Borrower not later than 20 15 days prior to the applicable anniversary date of the decision of the Banks Lenders regarding the CompanyBorrower’s request for an extension of the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Office Depot Inc)

Extension of Termination Date. (a) At least 35 45 days but not more than 70 60 days prior to any each of the first or second anniversary of the Closing Effective Date, the CompanyBorrower, by written notice to the Administrative Agent, may request an extension of the Termination Date in effect at such time by one year from its then scheduled expiration; provided that the Company may make no more than two such requests. The Administrative Agent shall promptly notify each Bank Lender of such request, and each Bank Lender shall in turn, in its sole discretion, not no later than 25 35 days prior to the applicable such anniversary date, notify the Company Borrower and the Administrative Agent in writing as to whether such Bank Lender will consent to such extension. If any Bank Lender shall fail to notify the Administrative Agent and the Company Borrower in writing of its consent to any such request for extension of the Termination Date at least 25 35 days prior to the applicable anniversary date, such Bank Lender shall be deemed to be a Non-Extending Bank Consenting Lender with respect to such request. The Administrative Agent shall notify the Company Borrower not later than 20 30 days prior to the applicable anniversary date of the decision of the Banks Lenders regarding the CompanyBorrower’s request for an extension of the Termination Date.

Appears in 1 contract

Samples: Year Credit Agreement (At&t Inc.)

Extension of Termination Date. (a) At least 35 30 days but not more than 70 45 days prior to any the first and/or the second anniversary of the Closing Effective Date, the CompanyBorrower, by written notice to the Administrative Agent, may request an extension of the Termination Date in effect at such time by one year from its then scheduled expiration; provided that the Company may make no more than two such requests. The Administrative Agent shall promptly notify each Bank Lender of such request, and each Bank Lender shall in turn, in its sole discretion, not later than 25 20 days prior to the applicable such anniversary date, notify the Company Borrower and the Administrative Agent in writing as to whether such Bank Lender will consent to such extension. If any Bank Lender shall fail to notify the Administrative Agent and the Company Borrower in writing of its consent to any such request for extension of the Termination Date at least 25 20 days prior to the applicable anniversary date, such Bank Lender shall be deemed to be a Non-Extending Bank Consenting Lender with respect to such request. The Administrative Agent shall notify the Company Borrower not later than 20 15 days prior to the applicable anniversary date of the decision of the Banks Lenders regarding the CompanyBorrower’s request for an extension of the Termination Date.

Appears in 1 contract

Samples: Five Year Credit Agreement (Pepsiamericas Inc/Il/)

Extension of Termination Date. (a) At least 35 30 days but not more than 70 45 days prior to any anniversary of the Closing Effective Date, the CompanyBorrower, by written notice to the Administrative Agent, may request an extension of the Termination Date in effect at such time by one year from its then scheduled expiration; provided that the Company may make no more than two such requests. The Administrative Agent shall promptly notify each Bank Lender of such request, and each Bank Lender shall in turn, in its sole discretion, not later than 25 20 days prior to the applicable such anniversary date, notify the Company Borrower and the Administrative Agent in writing as to whether such Bank Xxxxxx will consent to such extension. If any Bank Lender shall fail to notify the Administrative Agent and the Company Borrower in writing of its consent to any such request for extension of the Termination Date at least 25 20 days prior to the applicable anniversary date, such Bank Lender shall be deemed to be a Non-Extending Bank Consenting Lender with respect to such request. The Administrative Agent shall notify the Company Borrower not later than 20 15 days prior to the applicable anniversary date of the decision of the Banks Lenders regarding the CompanyBorrower’s request for an extension of the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Applied Materials Inc /De)

Extension of Termination Date. (a) At least 35 45 days but not more than 70 90 days prior to any anniversary of the Closing Effective Date, the CompanyBorrower, by written notice to the Administrative Agent, may request an extension of the Termination Date in effect at such time by one year from its then scheduled expiration; provided that provided, that, the Company final Termination Date may make no not extend more than two such requestsyears from the initial Termination Date. The Administrative Agent shall promptly notify each Bank Lender of such request, and each Bank Lender shall in turn, in its sole discretion, not later than 25 20 days prior to the applicable such anniversary date, notify the Company Borrower and the Administrative Agent in writing as to whether such Bank Xxxxxx will consent to such extension. If any Bank Lender shall fail to notify the Administrative Agent and the Company Borrower in writing of its consent to any such request for extension of the Termination Date at least 25 20 days prior to the applicable anniversary date, such Bank Lender shall be deemed to be a Non-Extending Bank Consenting Lender with respect to such request. The Administrative Agent shall notify the Company Borrower not later than 20 15 days prior to the applicable anniversary date of the decision of the Banks Lenders regarding the CompanyBorrower’s request for an extension of the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Fox Corp)

Extension of Termination Date. (a) At least 35 45 days but not more than 70 60 days prior to any anniversary of the Closing Anniversary Date, the CompanyBorrower, by written notice to the Administrative Agent, may request an extension of the Termination Date in effect at such time by one calendar year from its the then scheduled expiration; provided that the Company may make no more than two such requestsTermination Date. The Administrative Agent shall promptly notify each Bank Lender of such request, and each Bank Lender shall in turn, in its sole discretion, at least 20 days but not later more than 25 30 days prior to the applicable anniversary dateAnniversary Date, notify the Company Borrower and the Administrative Agent in writing as to whether such Bank Lender will consent to such extension. If any Bank Lender shall fail to notify the Administrative Agent and the Company Borrower in writing of its consent to any such request for extension of the Termination Date at least 25 days by the 20th day prior to the applicable anniversary dateAnniversary Date, such Bank Lender shall be deemed to be a Non-Extending Bank Consenting Lender with respect to such request. The Administrative Agent shall notify the Company Borrower not later than 20 days the 20th day prior to the applicable anniversary date such Anniversary Date of the decision of the Banks Lenders regarding the Company’s Borrower's request for an extension of the Termination Date.

Appears in 1 contract

Samples: Revolving Credit Agreement (Corn Products International Inc)

Extension of Termination Date. (a) At least 35 30 days but not more than 70 60 days prior to any anniversary of the Closing Anniversary Date, the CompanyBorrower, by written notice to the Administrative Agent, may request an extension of the Termination Date in effect at such time by one calendar year from its the then scheduled expiration; provided that the Company may make no more than two such requestsTermination Date. The Administrative Agent shall promptly notify each Bank Lender of such request, and each Bank Lender shall in turn, in its sole discretion, not later than 25 15 days prior to after the applicable anniversary datedate of such extension request, notify the Company Borrower and the Administrative Agent in writing as to whether such Bank Lender will consent to such extension. If any Bank Lender shall fail to notify the Administrative Agent and the Company Borrower in writing of its consent to any such request for extension of the Termination Date at least 25 within 15 days prior to after the applicable anniversary datedate of such extension request, such Bank Lender shall be deemed to be a Non-Extending Bank Consenting Lender with respect to such request. The Administrative Agent shall notify the Company Borrower not later than 20 15 days prior to the applicable anniversary date such Anniversary Date of the decision of the Banks Lenders regarding the Company’s Borrower's request for an extension of the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Corn Products International Inc)

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