Common use of Extension of the Facility Clause in Contracts

Extension of the Facility. (a) The Borrower may, within 120 days, but no later than 60 days, prior to each one-year anniversary of the Closing Date, by written notice to the Administrative Agent, make written requests for the Lenders to extend the then-current Scheduled Termination Date for an additional 364 days. The Administrative Agent shall provide notice of such request promptly to each Managing Agent.

Extension of the Facility. (a) The Borrower may, within 120 days, but no later than 60 days, prior to each one-year anniversary of the Closing Fifth Omnibus Amendment Effective Date, by written notice to the Administrative Agent, make written requests for the Lenders to extend the then-current Scheduled Termination Date applicable to such Lenders for an additional 364 days. The Administrative Agent shall provide notice of such request promptly to each Managing Agent.