Common use of Extension of Termination Date Clause in Contracts

Extension of Termination Date. (a) The Borrowers may, by notice to the Administrative Agent (which shall promptly notify the Lenders) not earlier than 60 days prior to any anniversary of the Closing Date (the “Anniversary Date”) but no later than 30 days prior to such Anniversary Date (the date of delivery of any such notice being the “Borrower Extension Notice Date”), request that each Lender extend such Lender’s Termination Date for an additional one year after the Termination Date then in effect for such Lender hereunder (the “Existing Termination Date”). The Borrowers may request no more than two extensions pursuant to this Section 2.19.

Appears in 14 contracts

Samples: Credit Agreement (Firstenergy Corp), Credit Agreement (Firstenergy Corp), Credit Agreement (Firstenergy Corp)

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Extension of Termination Date. (a) The Borrowers may, by notice to the Administrative Agent (which shall promptly notify the Lenders) not earlier than 60 45 days prior to any anniversary of the Closing Date date of this Agreement (the “Anniversary Date”) but no later than 30 days prior to such Anniversary anniversary of the Closing Date (the date of delivery of any such notice being the “Borrower Extension Notice Date”), request that each Lender extend such Lender’s Termination Date for an additional one year after the Termination Date then in effect for such Lender hereunder (the “Existing Termination Date”). The Borrowers may request no more than two extensions pursuant to this Section 2.19Section.

Appears in 3 contracts

Samples: Credit Agreement (FirstEnergy Solutions Corp.), Credit Agreement (FirstEnergy Solutions Corp.), Credit Agreement (FirstEnergy Solutions Corp.)

Extension of Termination Date. (a) The Borrowers Borrower may, by notice to the Administrative Agent (which shall promptly notify the Lenders) not earlier than 60 days prior to any anniversary of the Closing Date (the “Anniversary Date”) but no later than 30 days prior to such Anniversary Date (the date of delivery of any such notice being the “Borrower Extension Notice Date”), request that each Lender extend such Lender’s Termination Date for an additional one year after the Termination Date then in effect for such Lender hereunder (the “Existing Termination Date”). The Borrowers Borrower may request no more than two extensions pursuant to this Section 2.19.

Appears in 3 contracts

Samples: Credit Agreement (Firstenergy Corp), Credit Agreement (Firstenergy Corp), Credit Agreement (Firstenergy Corp)

Extension of Termination Date. (a) The Borrowers may, by notice to the Administrative Agent (which shall promptly notify the Lenders) not earlier than 60 45 days prior to any anniversary of the Closing Date (the “Anniversary Date”) but no later than 30 days prior to such Anniversary Date (the date of delivery of any such notice being the “Borrower Extension Notice Date”), request that each Lender extend such Lender’s Termination Date for an additional one year after the Termination Date then in effect for such Lender hereunder (the “Existing Termination Date”). The Borrowers may request no more than two extensions pursuant to this Section 2.19Section.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (FirstEnergy Solutions Corp.)

Extension of Termination Date. (a) The Borrowers Borrower may, by notice to the Administrative Agent (which shall promptly notify the Lenders) not earlier than 60 days prior to any anniversary of the Closing Date (the “Anniversary Date”) but no later than 30 days prior to such Anniversary Date (the date of delivery of any such notice being the “Borrower Extension Notice Date”), request that each Lender extend such LenderXxxxxx’s Termination Date for an additional one year after the Termination Date then in effect for such Lender hereunder (the “Existing Termination Date”). The Borrowers Borrower may request no more than two extensions pursuant to this Section 2.19.

Appears in 1 contract

Samples: Credit Agreement (Firstenergy Corp)

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Extension of Termination Date. (a) The Borrowers may, by notice to the Administrative Agent (which shall promptly notify the Lenders) not earlier than 60 days prior to any anniversary of the Closing Date (the “Anniversary Date”) but no later than 30 days prior to such Anniversary Date (the date of delivery of any such notice being the “Borrower Extension Notice Date”), request that each [Signature Page to FirstEnergy Parent Credit Agreement] 743896444 Lender extend such Lender’s Termination Date for an additional one year after the Termination Date then in effect for such Lender hereunder (the “Existing Termination Date”). The Borrowers may request no more than two extensions pursuant to this Section 2.19.

Appears in 1 contract

Samples: Credit Agreement (Firstenergy Corp)

Extension of Termination Date. (a) The Borrowers may, by notice to the Administrative Agent (which shall promptly notify the Lenders) not earlier than 60 45 days prior to any anniversary of the Closing Date (the “Anniversary Date”) but no later than 30 days prior to such Anniversary Date (the date of delivery of any such notice being the “Borrower Extension Notice Date”), request that each Lender extend such Lender’s Termination Date for an additional one year after the Termination Date then in effect for such Lender hereunder Xxxxxx xxxxxxxxx (the “Existing Termination Date”). The Borrowers may request no more than two extensions pursuant to this Section 2.19Section.

Appears in 1 contract

Samples: Credit Agreement

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