Extensions of Termination Date. The Borrower may request, by written notice to the Administrative Agent, (a) at least 30 days but not more than 90 days prior to the Termination Date, a six-month extension of the Termination Date with respect to the Commitments then outstanding and (b) thereafter, at least 30 days but not more than 90 days prior to the Termination Date (as extended pursuant to clause (a) of this sentence) a single additional six-month extension of the Termination Date with respect to the Revolving Credit Commitments then outstanding (each, an “Extension Request”). The Administrative Agent shall promptly notify each Lender of such Extension Request and the Termination Date in effect at such time shall, effective as of the applicable Extension Date (as defined below), be extended for an additional six-month period, provided that, on such Extension Date (i) the Administrative Agent shall have received payment in full of the extension fee set forth in Section 2.08(d) and (ii) the following statements shall be true and the Administrative Agent shall have received for the account of each Lender Party a certificate signed by a Responsible Officer of the Borrower, dated the applicable Extension Date, stating that: (A) the representations and warranties contained in Section 4.01 are true and correct in all material respects on and as of such Extension Date (unless qualified as to materiality or Material Adverse Effect, in which case such representations and warranties shall be true and correct in all respects and except to the extent any such representation or warranty is stated to relate solely to an earlier date, in which case such representation or warranty shall have been true and correct on and as of such earlier date, and except further to the extent any such representations and warranties that are no longer true and correct as a result of factual changes since the Closing Date that are permitted under this Agreement), and (B) no Default or Event of Default has occurred and is continuing or would result from such extension. “Extension Date” means, in the case of each extension option, the first date after the delivery by the Borrower of the related Extension Request that the conditions set forth in clauses (i) and (ii) above are satisfied. In the event that an extension is effected pursuant to this Section 2.16 (but subject to provisions of Sections 2.05, 2.06 and 6.01), the aggregate principal amount of all Advances shall be repaid in full ratably to the Lenders on the Termination Date as so extended. As of the Extension Date, any and all references in this Agreement or any of the other Loan Documents to the “Termination Date” shall refer to the Termination Date as so extended.
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Samples: Credit Agreement (Easterly Government Properties, Inc.), Credit Agreement (Easterly Government Properties, Inc.)
Extensions of Termination Date. The Borrower shall have the right, exercisable once, to extend the maturity date of the Loans to the Final Maturity Date, subject to the satisfaction of the conditions set forth in this Section 2.15. The Borrower may request, exercise such right only by written notice executing and delivering to the Administrative Agent, (a) Agent at least 30 days but not more than 90 days prior to the Termination Initial Maturity Date, a six-month written request for such extension of (the Termination Date with respect to the Commitments then outstanding and (b) thereafter, at least 30 days but not more than 90 days prior to the Termination Date (as extended pursuant to clause (a) of this sentence) a single additional six-month extension of the Termination Date with respect to the Revolving Credit Commitments then outstanding (each, an “Extension Request”). The Administrative Agent shall promptly notify each Lender of such the Lenders if it receives an Extension Request and the Termination Date in effect at such time shall, effective as promptly upon receipt thereof. Subject to satisfaction of the applicable Extension Date (as defined below)following conditions, the maturity date of the Loans shall be extended for an additional six-month period, provided that, on such to the Final Maturity Date upon receipt by the Administrative Agent of Extension Date Request: (i) the Administrative Agent immediately prior to such extension and immediately after giving effect thereto, (x) no Default or Event of Default shall have received payment in full of the extension fee set forth in Section 2.08(d) exist and (ii) the following statements shall be true and the Administrative Agent shall have received for the account of each Lender Party a certificate signed by a Responsible Officer of the Borrower, dated the applicable Extension Date, stating that: (Ay) the representations and warranties contained made or deemed made by the Borrower and each other Credit Party in Section 4.01 are the Credit Documents to which any of them is a party, shall be true and correct in all material respects (or in the case of a representation or warranty qualified by materiality, true and correct in all respects) on and as of the date of such extension with the same force and effect as if made on and as of such Extension Date date except to the extent that such representations and warranties expressly relate solely to an earlier date (unless qualified as to materiality or Material Adverse Effect, in which case such representations and warranties shall be have been true and correct in all material respects and except to (or in the extent any such case of a representation or warranty is stated to relate solely to an earlier datequalified by materiality, in which case such representation or warranty shall have been true and correct in all respects) on and as of such earlier date, ) and except further to the extent any such representations for changes in factual circumstances specifically and warranties that are no longer true and correct as a result of factual changes since the Closing Date that are expressly permitted under this Agreement), and (B) no Default or Event of Default has occurred and is continuing or would result from such extension. “Extension Date” means, in the case of each extension option, the first date after the delivery by the Borrower of the related Extension Request that the conditions set forth in clauses (i) Credit Documents and (ii) above are satisfiedthe Borrower shall have paid the fees payable under Section 2.09(f) and (iii) the Borrower shall have made the Amortization Payment. In At any time prior to the event that an extension is effected pursuant to this Section 2.16 (but subject to provisions effectiveness of Sections 2.05such extension, 2.06 and 6.01)upon the Administrative Agent’s request, the aggregate principal amount of all Advances Borrower shall be repaid in full ratably deliver to the Lenders on Administrative Agent a certificate from the Termination Date as so extended. As of chief executive officer or chief financial officer certifying the Extension Date, any matters referred to in the immediately preceding clauses (i)(x) and all references in this Agreement or any of the other Loan Documents to the “Termination Date” shall refer to the Termination Date as so extended(i)(y).
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Samples: Term Loan Agreement (Healthcare Trust of America Holdings, LP)
Extensions of Termination Date. (a) The Borrower may requestCompany (for itself and on behalf of the other Borrowers) may, by written notice to the Administrative Agent, Agent (aa "Notice of Extension") at least given not less than 30 days but not nor more than 90 45 days prior to the then effective Termination Date (such then effective Termination Date being an "Existing Termination Date"), a six-month advise the Banks that it requests an extension of the Existing Termination Date with respect to the Commitments then outstanding and (b) thereafter, at least 30 days but by not more than 90 days prior to 364 calendar days, effective on the Existing Termination Date (as extended pursuant to clause (a) of this sentence) a single additional six-month extension of the Termination Date with respect to the Revolving Credit Commitments then outstanding (each, an “Extension Request”)Date. The Administrative Agent will promptly, and in any event within five Business Days of the receipt of each Notice of Extension, notify the Banks of the contents of each such Notice of Extension.
(b) Each Notice of Extension shall promptly notify each Lender of such Extension Request be irrevocable upon the Company and the Termination Date in effect at such time shall, effective as of other Borrowers and constitute a representation by the applicable Extension Date (as defined below), be extended for an additional six-month period, provided that, on such Extension Date Borrowers that (i) the Administrative Agent shall have received payment in full neither any Event of the extension fee set forth in Section 2.08(d) Default nor any Default has occurred and is continuing, (ii) the following statements shall be true and the Administrative Agent shall have received for the account of each Lender Party a certificate signed by a Responsible Officer of the Borrower, dated the applicable Extension Date, stating that: (A) the representations and warranties contained in Section 4.01 Article IV (other than those which expressly relate to an earlier date) are true correct on and correct in all material respects as of the date of such Notice of Extension, as though made on and as of such Extension Date date and (unless qualified as to materiality or Material Adverse Effect, in which case such representations and warranties iii) no Loans shall be true and correct in all respects and except to outstanding on the extent any such representation or warranty is stated to relate solely to an earlier date, in which case such representation or warranty shall have been true and correct on and as of such earlier date, and except further to the extent any such representations and warranties that are no longer true and correct as a result of factual changes since the Closing Date that are permitted under this Agreement), and Existing Termination Date.
(Bc) no Default or Event of Default has occurred and is continuing or would result from such extension. “Extension Date” means, in the case of each extension option, the first date after the delivery by the Borrower of the related Extension Request that the conditions set forth in clauses (i) and (ii) above are satisfied. In the event that a Notice of Extension is given to the Administrative Agent as provided in Section 2.21(a), and the Administrative Agent notifies a Bank of the contents thereof as provided in Section 2.21(a), such Bank shall on or before the fifteenth day next preceding the Existing Termination Date advise the Administrative Agent and the Company whether or not such Bank consents to the extension requested thereby and if any Bank fails to so advise the Administrative Agent and the Company, such Bank shall be deemed not to have consented to such extension.
(d) Notwithstanding any provision of this Section 2.21 to the contrary, each Bank that has expressly consented to an extension is effected pursuant to this Section 2.16 (but subject to provisions of Sections 2.05the Termination Date, 2.06 may in its sole and 6.01), the aggregate principal amount of all Advances shall be repaid in full ratably absolute discretion at any time prior to the Lenders on the Existing Termination Date as so extended. As give the Administrative Agent written notice that such Bank has revoked its consent to such extension of the Extension Date, any and all references in this Agreement or any of the other Loan Documents to the “Termination Date” shall refer to the Existing Termination Date as so extended.(a "
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Samples: Competitive Advance and Revolving Credit Facility Agreement (Service Corporation International)
Extensions of Termination Date. The Borrower may request, by written notice to the Administrative Agent, (a) at At least 30 days but not more than 90 days prior to the Termination Date, a six-month extension of the Termination Date Borrower, by written notice to the Administrative Agent, may request, with respect to the Commitments then outstanding and (b) thereafteroutstanding, at least 30 days but not more than 90 days prior to the Termination Date (as extended pursuant to clause (a) of this sentence) a single additional sixone-month year extension of the initial Termination Date with respect to the Revolving Credit Commitments then outstanding (each, an “Extension Request”)Date. The Administrative Agent shall promptly notify each Lender of such Extension Request request and the Termination Date in effect at such time shall, effective as of at the applicable Extension Termination Date (as defined belowthe “First Extension Date”), be extended for an additional six-month one year period, provided that, on such Extension Date (i) that the Administrative Agent Borrower shall have received payment in full of paid the extension fee set forth Extension Fee as described in Section 2.08(d) and (ii) on the First Extension Date the following statements shall be true and the Administrative Agent shall have received for the account of each Lender Party a certificate signed by a Responsible Officer of the Borrower, dated the applicable First Extension Date, stating that: (Ai) the representations and warranties contained in Section 4.01 are true and correct in all material respects on and as of such the First Extension Date (unless qualified as except those that expressly relate to materiality or Material Adverse Effectprior periods, in which case such representations and warranties shall be remain true and correct in all respects and except to the extent any such representation or warranty is stated to relate solely to an earlier date, in which case such representation or warranty shall have been true and correct on and as of such earlier the prior date, and except further to the extent any such representations and warranties that are no longer true and correct as a result of factual changes since the Closing Date that are permitted under this Agreement), and (Bii) no Default or Event of Default has occurred and is continuing or would result from such extension. “Extension Date” means, and (iii) the Loan Parties are in compliance with the case of each extension optioncovenants contained in Section 5.04 immediately before and, the first date on a pro forma basis, immediately after the delivery by the Borrower of the related Extension Request that the conditions set forth in clauses (i) and (ii) above are satisfiedextension, together with supporting information demonstrating such compliance. In the event that an extension is effected pursuant to this Section 2.16 2.16(a) (but subject to the provisions of Sections 2.05, 2.06 and 6.01), the aggregate principal amount of all Advances shall be repaid in full ratably to the Lenders on the Termination Date as so extended. As of the First Extension Date, any and all references in this Agreement Agreement, the Notes, if any, or any of the other Loan Documents to the “Termination Date” shall refer to the Termination Date as so extended.
(b) Provided that the initial Termination Date has been extended in accordance with Section 2.16(a), at least 30 days but not more than 90 days prior to the Termination Date as extended in accordance with Section 2.16(a), the Borrower, by written notice to the Administrative Agent, may request, with respect to the Commitments then outstanding, a single one-year extension of such Termination Date. The Administrative Agent shall promptly notify each Lender of such request and the Termination Date in effect at such time shall, effective as at such Termination Date (the “Second Extension Date”), be extended for an additional one year period, provided that the Borrower shall have paid the Extension Fees as described in Section 2.08(d) and on the Second Extension Date the following statements shall be true and the Administrative Agent shall have received for the account of each Lender Party a certificate signed by a Responsible Officer of the Borrower, dated the Second Extension Date, stating that: (i) the representations and warranties contained in Section 4.01 are true and correct on and as of the Second Extension Date (except those that expressly relate to prior periods, which shall remain true as of the prior date), (ii) no Default or Event of Default has occurred and is continuing or would result from such extension, and (iii) the Loan Parties are in compliance with the covenants contained in Section 5.04 immediately before and, on a pro forma basis, immediately after the extension, together with supporting information demonstrating such compliance. In the event that an extension is effected pursuant to this Section 2.16(b) (but subject to the provisions of Sections 2.05, 2.06 and 6.01), the aggregate principal amount of all Advances shall be repaid in full ratably to the Lenders on the Termination Date as so extended. As of the Second Extension Date, any and all references in this Agreement, the Notes, if any, or any of the other Loan Documents to the “Termination Date” shall refer to the Termination Date as so extended.
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