Common use of Extension of Tranche 1 Maturity Date and Tranche 2 Maturity Date Clause in Contracts

Extension of Tranche 1 Maturity Date and Tranche 2 Maturity Date. (a) Twice during the term of this Agreement, Everest Group may, by written notice to the Administrative Agent to be given not less than 30 days but not more than 90 days prior to any anniversary of the Restatement Effective Date, request a one-year extension for each request given for each of the Tranche 1 Maturity Date and/or the Tranche 2 Maturity Date; provided that neither the Tranche 1 Maturity Date nor the Tranche 2 Maturity Date may be extended beyond the sixth anniversary of the Restatement Effective Date. The Administrative Agent shall promptly notify each Lender holding a commitment that would be extended by such request of such request, and each such Lender shall in turn, in its sole discretion, not later than 20 days prior to such anniversary of the Restatement Effective Date, notify the Borrowers and the Administrative Agent in writing as to whether such Lender will consent to such extension. If any such Lender shall fail to notify the Administrative Agent and the Borrowers in writing of its consent to any such request at least 20 days prior to such anniversary of the Restatement Effective Date, such Lender shall be deemed to be a Non-Extending Lender with respect to such request. The Administrative Agent shall notify the Borrowers not later than 15 days prior to the relevant anniversary of the Restatement Effective Date of the decision of the Lenders regarding the Borrowers’ request for an extension of the Tranche 1 Maturity Date and Tranche 2 Maturity Date.

Extension of Tranche 1 Maturity Date and Tranche 2 Maturity Date. (a) Twice during At least 30 days but not more than 60 days prior to the term of this AgreementTranche 1 Maturity Date and the Tranche 2 Maturity Date, Everest Group maythe Borrowers, by written notice to the Administrative Agent to be given not less than 30 days but not more than 90 days prior to any anniversary of the Restatement Effective DateAgent, may request a single one-year extension for each request given for each of the Tranche 1 Maturity Date and/or the Tranche 2 Maturity Date; provided that neither the Tranche 1 Maturity Date nor the Tranche 2 Maturity Date may be extended beyond the sixth anniversary of the Restatement Effective Date. The Administrative Agent shall promptly notify each Lender holding a commitment that would be extended by such request of such request, and each such Lender shall in turn, in its sole discretion, not later than 20 days prior to such anniversary of the Restatement Effective Tranche 1 Maturity Date and the Tranche 2 Maturity Date, notify the Borrowers and the Administrative Agent in writing as to whether such Lender will consent to such extension. If any such Lender shall fail to notify the Administrative Agent and the Borrowers in writing of its consent to any such request at least 20 days prior to such anniversary of the Restatement Effective Tranche 1 Maturity Date and the Tranche 2 Maturity Date, such Lender shall be deemed to be a Non-Extending Consenting Lender with respect to such request. The Administrative Agent shall notify the Borrowers not later than 15 days prior to the relevant anniversary of Tranche 1 Maturity Date and the Restatement Effective Tranche 2 Maturity Date of the decision of the Lenders regarding the Borrowers’ request for an extension of the Tranche 1 Maturity Date and Tranche 2 Maturity Date.

Extension of Tranche 1 Maturity Date and Tranche 2 Maturity Date. (a) Twice during the term of this Agreement, Everest Group may, by written notice to the Administrative Agent to be given not less than 30 days but not more than 90 days prior to any anniversary of the Restatement Effective Date, request a one-year extension for each request given for each of the Tranche 1 Maturity Date and/or the Tranche 2 Maturity Date; provided that neither the Tranche 1 Maturity Date nor the Tranche 2 Maturity Date may be extended beyond the sixth seventh anniversary of the Restatement Effective Date. The Administrative Agent shall promptly notify each Lender holding a commitment that would be extended by such request of such request, and each such Lender shall in turn, in its sole discretion, not later than 20 days prior to such anniversary of the Restatement Effective Date, notify the Borrowers and the Administrative Agent in writing as to whether such Lender will consent to such extension. If any such Lender shall fail to notify the Administrative Agent and the Borrowers in writing of its consent to any such request at least 20 days prior to such anniversary of the Restatement Effective Date, such Lender shall be deemed to be a Non-Extending Lender with respect to such request. The Administrative Agent shall notify the Borrowers not later than 15 days prior to the relevant anniversary of the Restatement Effective Date of the decision of the Lenders regarding the Borrowers’ ' request for an extension of the Tranche 1 Maturity Date and Tranche 2 Maturity Date.

Extension of Tranche 1 Maturity Date and Tranche 2 Maturity Date. (a) Twice during the term of this Agreement, Everest Group may, by written notice to the Administrative Agent to be given not less than 30 days but not more than 90 days prior to any anniversary of the Restatement Effective Date, request a one-year extension for each request given for each of the Tranche 1 Maturity Date and/or the Tranche 2 Maturity Date; provided that neither the Tranche 1 Maturity Date nor the Tranche 2 Maturity Date may be extended beyond the sixth seventh anniversary of the Restatement Effective Date. The Administrative Agent shall promptly notify each Lender holding a commitment that would be extended by such request of such request, and each such Lender shall in turn, in its sole discretion, not later than 20 days prior to such anniversary of the Restatement Effective Tranche 1 Maturity Date and the Tranche 2 Maturity Date, notify the Borrowers and the Administrative Agent in writing as to whether such Lender will consent to such extension. If any such Lender shall fail to notify the Administrative Agent and the Borrowers in writing of its consent to any such request at least 20 days prior to such anniversary of the Restatement Effective Tranche 1 Maturity Date and the Tranche 2 Maturity Date, such Lender shall be deemed to be a Non-Extending Consenting Lender with respect to such request. The Administrative Agent shall notify the Borrowers not later than 15 days prior to the relevant anniversary of the Restatement Effective Date of the decision of the Lenders regarding the Borrowers’ request for an extension of the Tranche 1 Maturity Date and Tranche 2 Maturity Date.