Common use of Extensions of the Commitments Clause in Contracts

Extensions of the Commitments. During the period from the date that is 60 days prior to the Current Termination Date to the date that is 32 days prior to each anniversary of the Closing Date, the Borrowers may, by written notice (an “Extension Request”) given to the Agent, request that the Current Termination Date be extended. Each such Extension Request shall contemplate an extension of the Current Termination Date to a date that is one year after the Current Termination Date then in effect (or if such date is not a Business Day, the immediately preceding Business Day).

Extensions of the Commitments. During the period from the date that is 60 days prior to the Current Termination Date to the date that is 32 days prior to each anniversary of the Closing Current Termination Date, the Borrowers may, by written notice (an “Extension Request”) given to the Agent, request that the Current Termination Date be extended. Each such Extension Request shall contemplate an extension of the Current Termination Date to a date that is one year not later than 364 days after the Current Termination Date then in effect (or if such date is not a Business Day, of issuance of the immediately preceding Business Day)Extension Confirmation Notice.