Common use of Extensions of Expiration Date Clause in Contracts

Extensions of Expiration Date. The Borrowers may, at their option, give the Agent written notice (an "Extension Request") not more than 90 days, nor less than 60 days, prior to the then effective Expiration Date, of the Borrowers' desire to extend the then effective Expiration Date to a date which is not later than 364 days after the "Reset Date". The "Reset Date" means the date which is 30 days prior to the then effective Expiration Date. The Agent shall promptly inform the Banks of such Extension Request. Each Bank that agrees with such Extension Request shall deliver to the Agent its express written consent thereto no later than the Reset Date. No extension shall become effective unless agreed to by the Required Banks on or prior to the Reset Date. If all Banks have not in writing expressly consented to any such Extension Request by the Reset Date, then the Agent shall so notify the Borrowers and the Borrowers, at their option, may, as of the then effective Expiration Date, (i) replace any Bank which has not agreed to such Extension Request (a "Nonextending Bank") with another commercial lending institution reasonably satisfactory to the Agent (a "Replacement Bank") by giving notice of the name of such Replacement Bank to the Agent not later than five Business Days prior to the then effective Expiration Date or (ii) pay the Loans of such Nonextending Bank. Upon notice from the Agent, such Nonextending Bank shall, as of the then effective Expiration Date, assign all of its interests hereunder to such Replacement Bank in accordance with the provisions of Section 9.13 hereof. If the Required Banks shall have consented to such Extension Request, then, on the then effective Expiration Date, after payment by the Borrower (or, if applicable, by a Replacement Bank) of all amounts payable hereunder to each Nonextending Bank, the

Extensions of Expiration Date. The Borrowers AUL may, at their its option, give the Administrative Agent and the Issuing Bank written notice (an "Extension Request") at any time not more than 90 ninety days, nor less than 60 forty-five days, prior to the then effective Expiration Date in effect at such time (the "Current Expiration Date, ") of the Borrowers' AUL's desire to extend the then effective Expiration Date to a date which is not later than 364 days after the "Reset Date". The "Reset Date" means the date which is 30 days prior to the then effective Current Expiration Date. The Administrative Agent shall promptly inform the Banks of such Extension Request. Each Bank that which agrees with to such Extension Request shall deliver to the Administrative Agent its express written consent thereto no later than thirty days prior to the Reset Current Expiration Date. No extension shall become effective unless agreed to the express written consent thereto by the Required Commitment Banks and the Issuing Bank is received by the Administrative Agent on or before the thirtieth day prior to the Reset Current Expiration Date. If the Issuing Bank and the Required Commitment Banks, but not all Banks Commitment Banks, have not expressly consented in writing expressly consented to any such Extension Request by the Reset Datesuch thirtieth day, then the Administrative Agent shall so notify the Borrowers AUL and the Borrowers, at their option, AUL may, effective as of the then effective Current Expiration Date, take one or both of the following actions: (i) replace any Commitment Bank which has not agreed to such Extension Request (a "Nonextending Bank") with another commercial lending institution reasonably satisfactory to the Agent Issuing Bank (a "Replacement Bank") by giving notice of the name of such Replacement Bank to the Administrative Agent and the Issuing Bank not later than five Business Days prior to the then effective Current Expiration Date or and (ii) pay elect to implement a Conversion to Tranche System as contemplated by Section 2.15 hereof (or, if the Loans of such Conversion to Tranche System has previously been implemented, elect to implement a Supplement to Tranche System as contemplated by Section 2.15 hereof). In the event that a Nonextending Bank is to be replaced by a Replacement Bank. Upon notice from the Agent, such Nonextending Bank shall, as upon payment to it of all amounts owing to it on the date of its replacement (it being understood that such payment of the then effective Expiration Dateoutstanding principal amount of and accrued interest on Loans will be made by the Replacement Bank in accordance with Section 10.13(c) hereof), assign all of its interests hereunder to such Replacement Bank in accordance with the provisions of Section 9.13 10.13(c) hereof. If a Nonextending Bank is not so replaced, such Nonextending Bank shall, in accordance with Section 2.15 hereof, retain the obligation to fund draws on Letters of Credit issued prior to the Current Expiration Date, unless such Letter of Credit shall have been renewed (including, without limitation, renewal by operation of an evergreen provision) since the Current Expiration Date. If the Issuing Bank and the Required Commitment Banks shall have consented to such Extension Request, then, on the then effective Expiration Date, after payment by the Borrower Request (orand, if applicablefewer than all the Banks shall have so consented, by AUL shall have elected to implement a Replacement Bank) of all amounts payable hereunder Conversion to each Nonextending Bank, theTranche

Extensions of Expiration Date. The Borrowers An Account Party may, at their its option, give the Administrative Agent and the Issuing Bank written notice (an "Extension Request") at any time not more than 90 ninety days, nor less than 60 sixty days, prior to the then effective Expiration Date in effect at such time (the "Current Expiration Date, ") of the Borrowers' such Account Party's desire to extend the then effective Expiration Date to a date which is not later than 364 days after the "Reset Date". The "Reset Date" means the date which is 30 days prior to the then effective Current Expiration Date. The Administrative Agent shall promptly inform the Banks of such Extension Request. Each Bank that which agrees with to such Extension Request shall deliver to the Administrative Agent its express written consent thereto no later than forty-five days prior to the Reset Current Expiration Date. No extension shall become effective unless agreed to the express written consent thereto by the Required Commitment Banks and the Issuing Bank is received by the Administrative Agent on or before the forty-fifth day prior to the Reset Current Expiration Date. If the Issuing Bank and the Required Commitment Banks, but not all Banks Commitment Banks, have not expressly consented in writing expressly consented to any such Extension Request by the Reset Datesuch thirtieth day, then the Administrative Agent shall so notify the Borrowers such Account Party and the Borrowers, at their option, such Account Party may, effective as of the then effective Current Expiration Date, take one or both of the following actions: (i) replace any Commitment Bank which has not agreed to such Extension Request (a "Nonextending Bank") with another commercial lending institution reasonably satisfactory to the Agent Issuing Bank (a "Replacement Bank") by giving notice of the name of such Replacement Bank to the Administrative Agent and the Issuing Bank not later than five Business Days prior to the then effective Expiration Date or and (ii) pay elect to implement a Conversion to Tranche System as contemplated by Section 2.15 hereof (or, if the Loans of such Conversion to Tranche System has previously been implemented, elect to implement a Supplement to Tranche System as contemplated by Section 2.15 hereof). In the event that a Nonextending Bank is to be replaced by a Replacement Bank. Upon notice from the Agent, such Nonextending Bank shall, as of the then effective Expiration Date, assign all of its interests hereunder upon payment to such Replacement Bank in accordance with the provisions of Section 9.13 hereof. If the Required Banks shall have consented to such Extension Request, then, on the then effective Expiration Date, after payment by the Borrower (or, if applicable, by a Replacement Bank) it of all amounts payable hereunder to each Nonextending Bank, theamounts

Extensions of Expiration Date. The Borrowers may, at their option, give the Administrative Agent written notice (an "Extension Request") not more than 90 days, nor less than 60 days, prior to the then effective Expiration Date, of the Borrowers' desire to extend the then effective Expiration Date to a date which is not later than 364 days after the "Reset Date". The "Reset Date" means the date which is 30 days prior to the then effective Expiration Date. The Administrative Agent shall promptly inform the Banks of such Extension Request. Each Bank that agrees with such Extension Request shall deliver to the Administrative Agent its express written consent thereto no later than the Reset Date. No extension shall become effective unless agreed to by the Required Banks on or prior to the Reset Date. If all Banks have not in writing expressly consented to any such Extension Request by the Reset Date, then the Administrative Agent shall so notify the Borrowers and the Borrowers, at their option, may, as of the then effective Expiration Date, (i) replace any Bank which has not agreed to such Extension Request (a "Nonextending Bank") with another commercial lending institution reasonably satisfactory to the Administrative Agent (a "Replacement Bank") by giving notice of the name of such Replacement Bank to the Administrative Agent not later than five Business Days prior to the then effective Expiration Date or (ii) pay the Loans of such Nonextending Bank. Upon notice from the Administrative Agent, such Nonextending Bank shall, as of the then effective Expiration Date, assign all of its interests hereunder to such Replacement Bank in accordance with the provisions of Section 9.13 hereof. If the Required Banks shall have consented to such Extension Request, then, on the then effective Expiration Date, after payment by the Borrower (or, if applicable, by a Replacement Bank) of all amounts payable hereunder to each Nonextending Bank, thethe Expiration Date shall be deemed to have been extended to, and shall be, the date specified in such Extension Notice. The Administrative Agent shall promptly after any such extension advise the Banks of any decrease in the aggregate Committed Amounts of the Banks and of the respective Committed Amounts of all Banks. Each Bank may agree or not agree to any such Extension Request in its sole and absolute discretion and any Bank not agreeing (or not responding) to an Extension Request shall not be deemed to have extended the Expiration Date regardless of whether a Replacement Bank is obtained.

Extensions of Expiration Date. The Borrowers URGI may, at their its option, give the Administrative Agent and the Issuing Bank written notice (an "Extension Request") at any time not more than 90 ninety days, nor less than 60 forty-five days, prior to the then effective Expiration Date in effect at such time (the "Current Expiration Date, ") of the Borrowers' URGI's desire to extend the then effective Expiration Date to a date which is not later than 364 days after the "Reset Date". The "Reset Date" means the date which is 30 days prior to the then effective Current Expiration Date. The Administrative Agent shall promptly inform the Banks of such Extension Request. Each Bank that which agrees with to such Extension Request shall deliver to the Administrative Agent its express written consent thereto no later than thirty days prior to the Reset Current Expiration Date. No extension shall become effective unless agreed to the express written consent thereto by the Required Commitment Banks and the Issuing Bank is received by the Administrative Agent on or before the thirtieth day prior to the Reset Current Expiration Date. If the Issuing Bank and the Required Commitment Banks, but not all Banks Commitment Banks, have not expressly consented in writing expressly consented to any such Extension Request by the Reset Datesuch thirtieth day, then the Administrative Agent shall so notify the Borrowers URGI and the Borrowers, at their option, URGI may, effective as of the then effective Current Expiration Date, take one or both of the following actions: (i) replace any Commitment Bank which has not agreed to such Extension Request (a "Nonextending Bank") with another commercial lending institution reasonably satisfactory to the Agent Issuing Bank (a "Replacement Bank") by giving notice of the name of such Replacement Bank to the Administrative Agent and the Issuing Bank not later than five Business Days prior to the then effective Current Expiration Date or and (ii) pay elect to implement a Conversion to Tranche System as contemplated by Section 2.15 hereof (or, if the Loans of such Conversion to Tranche System has previously been implemented, elect to implement a Supplement to Tranche System as contemplated by Section 2.15 hereof). In the event that a Nonextending Bank is to be replaced by a Replacement Bank. Upon notice from the Agent, such Nonextending Bank shall, as upon payment to it of all amounts owing to it on the date of its replacement (it being understood that such payment of the then effective Expiration Dateoutstanding principal amount of and accrued interest on Loans will be made by the Replacement Bank in accordance with Section 9.13(c) hereof), assign all of its interests hereunder to such Replacement Bank in accordance with the provisions of Section 9.13 9.13(c) hereof. If a Nonextending Bank is not so replaced, such Nonextending Bank shall, in accordance with Section 2.15 hereof, retain the obligation to fund draws on Letters of Credit issued prior to the Current Expiration Date, unless such Letter of Credit shall have been renewed (including, without limitation, renewal by operation of an evergreen provision) since the Current Expiration Date. If the Issuing Bank and the Required Commitment Banks shall have consented to such Extension RequestRequest (and, if fewer than all the Banks shall have so consented, URGI shall have elected to implement a Conversion to Tranche System or Supplement to Tranche System, as the case may be), then, on the then effective Current Expiration Date, the Expiration Date shall be deemed to have been extended to, and shall be, the date specified in such Extension Notice. The Administrative Agent shall promptly after payment any such extension advise the Banks of any changes in the Committed Amounts and the Commitment Percentages, as well as any changes effected by the Borrower (or, if applicable, by election of the Conversion to Tranche System or a Replacement Bank) of all amounts payable hereunder Supplement to each Nonextending Bank, theTranche System.

Extensions of Expiration Date. The Borrowers XL Insurance may, at their its option, give the Agent and the Issuing Bank written notice (an "Extension Request") at any time not more than 90 ninety days, nor less than 60 forty-five days, prior to the then effective Expiration Date in effect at such time (the "Current Expiration Date, ") of the Borrowers' XL Insurance's desire to extend the then effective Expiration Date to a date which is not later than 364 days after the "Reset Date". The "Reset Date" means the date which is 30 days prior to the then effective Current Expiration Date. The Agent shall promptly inform the Banks of such Extension Request. Each Bank that which agrees with to such Extension Request shall deliver to the Agent its express written consent thereto no later than thirty days prior to the Reset Current Expiration Date. No extension shall become effective unless agreed to the express written consent thereto by the Required Commitment Banks and the Issuing Bank is received by the Agent on or before the thirtieth day prior to the Reset Current Expiration Date. If the Issuing Bank and the Required Commitment Banks, but not all Banks Commitment Banks, have not expressly consented in writing expressly consented to any such Extension Request by the Reset Datesuch thirtieth day, then the Agent shall so notify the Borrowers XL Insurance and the Borrowers, at their option, XL Insurance may, effective as of the then effective Current Expiration Date, take one or both of the following actions: (i) replace any Commitment Bank which has not agreed to such Extension Request (a "Nonextending Bank") with another commercial lending institution reasonably satisfactory to the Agent Issuing Bank (a "Replacement Bank") by giving notice of the name of such Replacement Bank to the Agent and the Issuing Bank not later than five Business Days prior to the then effective Current Expiration Date or and (ii) pay elect to implement a Conversion to Tranche System as contemplated by Section 2.15 hereof (or, if the Loans of such Conversion to Tranche System has previously been implemented, elect to implement a Supplement to Tranche System as contemplated by Section 2.15 hereof). In the event that a Nonextending Bank is to be replaced by a Replacement Bank. Upon notice from the Agent, such Nonextending Bank shall, as upon payment to it of all amounts owing to it on the then effective Expiration Datedate of its replacement, assign all of its interests hereunder to such Replacement Bank in accordance with the provisions of Section 9.13 9.13(c) hereof. If the Issuing Bank and the Required Commitment Banks shall have consented to such Extension Request, then, on the then effective Current Expiration Date, the Expiration Date shall be deemed to have been extended to, and shall be, the date specified in such Extension Request. The Agent shall promptly after payment any such extension advise the Banks of any changes in the Letter of Credit Participating Interest Committed Amounts and the Letter of Credit Participating Interest Commitment Percentages, as well as any changes effected by the Borrower (or, if applicable, by election of the Conversion to Tranche System or a Replacement Bank) of all amounts payable hereunder Supplement to each Nonextending Bank, theTranche System.

Extensions of Expiration Date. The Borrowers Parent may, at their its ----------------------------- option, give the Administrative Agent and the Issuing Bank written notice (an "Extension Request") at any time not more than 90 sixty days, nor less than 60 thirty ----------------- days, prior to the then effective Expiration Date in effect at such time (the "Current ------- Expiration Date, ") of the Borrowers' Parent's desire to extend the then effective Expiration Date to a date --------------- which is not later than 364 days after the "Reset Date". The "Reset Date" means the date which is 30 days prior to the then effective Current Expiration Date. The Administrative Agent shall promptly inform the Banks of such Extension Request. Each Bank that which agrees with to such Extension Request shall deliver to the Administrative Agent its express written consent thereto no later than ten days prior to the Reset Current Expiration Date, and any failure of a Bank so to respond shall be deemed to be such Bank's determination not to extend. No extension shall become effective unless agreed to the express written consent thereto by the Required Commitment Banks and the Issuing Bank is received by the Administrative Agent on or before the tenth day prior to the Reset Current Expiration Date. If the Issuing Bank and the Required Commitment Banks, but not all Banks Commitment Banks, have not expressly consented in writing expressly consented to any such Extension Request by the Reset Datesuch tenth day, then the Administrative Agent shall so notify the Borrowers Parent and the Borrowers, at their option, Parent may, effective as of the then effective Current Expiration Date, take one or both of the following actions: (i) replace (as a party to, and for all purposes of, this Agreement) any Commitment Bank which has not agreed to such Extension Request (a "Nonextending Bank") with another commercial lending institution reasonably satisfactory to ----------------- the Agent Issuing Bank (a "Replacement Bank") by giving notice of the name of such ---------------- Replacement Bank to the Administrative Agent and the Issuing Bank not later than five Business Days prior to the then effective Current Expiration Date or and (ii) pay elect to implement a Conversion to Tranche System as contemplated by Section 2.18 hereof (or, if the Loans of such Conversion to Tranche System has previously been implemented, elect to implement a Supplement to Tranche System as contemplated by Section 2.18 hereof). In the event that a Nonextending Bank is to be replaced by a Replacement Bank. Upon notice from the Agent, such Nonextending Bank shall, as upon payment to it of all amounts owing to it on the then effective Expiration Datedate of its replacement, assign all of its interests hereunder to such Replacement Bank in accordance with the provisions of Section 9.13 9.07(c) hereof. If the Issuing Bank and the Required Commitment Banks shall have consented to such Extension Request, then, on the then effective Current Expiration Date, the Expiration Date shall be deemed to have been extended to, and shall be, the date specified in such Extension Request. The Administrative Agent shall promptly after payment any such extension advise the Banks of any changes in the LC Commitment Amounts and the Letter of Credit Participating Interest Percentages, as well as any changes effected by the Borrower (or, if applicable, by election of the Conversion to Tranche System or a Replacement Bank) of all amounts payable hereunder Supplement to each Nonextending Bank, theTranche System.

Extensions of Expiration Date. The Borrowers Parent may, at their its option, give the Administrative Agent and the Issuing Bank written notice (an "Extension Request") at any time not more than 90 sixty days, nor less than 60 thirty days, prior to the then effective Expiration Date in effect at such time (the "Current Expiration Date, ") of the Borrowers' Parent's desire to extend the then effective Expiration Date to a date which is not later than 364 days after the "Reset Date". The "Reset Date" means the date which is 30 days prior to the then effective Current Expiration Date. The Administrative Agent shall promptly inform the Banks of such Extension Request. Each Bank that which agrees with to such Extension Request shall deliver to the Administrative Agent its express written consent thereto no later than ten days prior to the Reset Current Expiration Date. No extension shall become effective unless agreed to the express written consent thereto by the Required Commitment Banks and the Issuing Bank is received by the Administrative Agent on or before the tenth day prior to the Reset Current Expiration Date. If the Issuing Bank and the Required Commitment Banks, but not all Banks Commitment Banks, have not expressly consented in writing expressly consented to any such Extension Request by the Reset Datesuch tenth day, then the Administrative Agent shall so notify the Borrowers Parent and the Borrowers, at their option, Parent may, effective as of the then effective Current Expiration Date, take one or both of the following actions: (i) replace (as a party to, and for all purposes of, this Agreement) any Commitment Bank which has not agreed to such Extension Request (a "Nonextending Bank") with another commercial lending institution reasonably satisfactory to the Agent Issuing Bank (a "Replacement Bank") by giving notice of the name of such Replacement Bank to the Administrative Agent and the Issuing Bank not later than five Business Days prior to the then effective Current Expiration Date or and (ii) pay elect to implement a Conversion to Tranche System as contemplated by Section 2.18 hereof (or, if the Loans of such Conversion to Tranche System has previously been implemented, elect to implement a Supplement to Tranche System as contemplated by Section 2.18 hereof). In the event that a Nonextending Bank is to be replaced by a Replacement Bank. Upon notice from the Agent, such Nonextending Bank shall, as upon payment to it of all amounts owing to it on the then effective Expiration Datedate of its replacement, assign all of its interests hereunder to such Replacement Bank in accordance with the provisions of Section 9.13 9.07(c) hereof. If the Issuing Bank and the Required Commitment Banks shall have consented to such Extension Request, then, on the then effective Current Expiration Date, the Expiration Date shall be deemed to have been extended to, and shall be, the date specified in such Extension Request. The Administrative Agent shall promptly after payment any such extension advise the Banks of any changes in the LC Commitment Amounts and the Letter of Credit Participating Interest Percentages, as well as any changes effected by the Borrower (or, if applicable, by election of the Conversion to Tranche System or a Replacement Bank) of all amounts payable hereunder Supplement to each Nonextending Bank, theTranche System.

Extensions of Expiration Date. The Borrowers Parent may, at their its option, give the Administrative Agent and the Issuing Bank written notice (an "Extension Request") at any time not more than 90 ninety days, nor less than 60 sixty days, prior to the then effective Expiration Date in effect at such time (the "Current Expiration Date, ") of the Borrowers' Parent's desire to extend the then effective Expiration Date to a date which is not later than 364 days after the "Reset Date". The "Reset Date" means the date which is 30 days prior to the then effective Current Expiration Date. The Administrative Agent shall promptly inform the Banks of such Extension Request. Each Bank that which agrees with to such Extension Request shall deliver to the Administrative Agent its express written consent thereto no later than thirty days prior to the Reset Current Expiration Date. No extension shall become effective unless agreed to the express written consent thereto by the Required Commitment Banks and the Issuing Bank is received by the Administrative Agent on or before the thirtieth day prior to the Reset Current Expiration Date. If the Issuing Bank and the Required Commitment Banks, but not all Banks Commitment Banks, have not expressly consented in writing expressly consented to any such Extension Request by the Reset Datesuch thirtieth day, then the Administrative Agent shall so notify the Borrowers Parent and the Borrowers, at their option, Parent may, effective as of the then effective Current Expiration Date, take one or both of the following actions: (i) replace (as a party to, and for all purposes of, this Agreement) any Commitment Bank which has not agreed to such Extension Request (a "Nonextending Bank") with another commercial lending institution reasonably satisfactory to the Agent Issuing Bank (a "Replacement Bank") by giving notice of the name of such Replacement Bank to the Administrative Agent and the Issuing Bank not later than five Business Days prior to the then effective Current Expiration Date or and (ii) pay elect to implement a Conversion to Tranche System as contemplated by Section 2.18 hereof (or, if the Loans of such Conversion to Tranche System has previously been implemented, elect to implement a Supplement to Tranche System as contemplated by Section 2.18 hereof). In the event that a Nonextending Bank is to be replaced by a Replacement Bank. Upon notice from the Agent, such Nonextending Bank shall, as upon payment to it of all amounts owing to it on the then effective Expiration Datedate of its replacement, assign all of its interests hereunder to such Replacement Bank in accordance with the provisions of Section 9.13 9.07(c) hereof. If the Issuing Bank and the Required Commitment Banks shall have consented to such Extension Request, then, on the then effective Current Expiration Date, the Expiration Date shall be deemed to have been extended to, and shall be, the date specified in such Extension Request. The Administrative Agent shall promptly after payment any such extension advise the Banks of any changes in the LC Commitment Amounts and the Letter of Credit Participating Interest Percentages, as well as any changes effected by the Borrower (or, if applicable, by election of the Conversion to Tranche System or a Replacement Bank) of all amounts payable hereunder Supplement to each Nonextending Bank, theTranche System.