Common use of FINAL PRINCIPAL PAYMENT AND EXTENSION OPTION Clause in Contracts

FINAL PRINCIPAL PAYMENT AND EXTENSION OPTION. Any outstanding Advances and all other unpaid Obligations shall be paid in full by the Borrower on the Facility Termination Date. The Facility Termination Date can be extended for one year upon notice to the Administrative Agent at least ninety (90) days before the original Facility Termination Date if (i) no Default has occurred and is continuing at the time of such notice and at the time of the original Facility Termination Date, (ii) all of the Lenders agree to such extension, and (iii) the Borrower pays an extension fee equal to 0.15% of the Aggregate Commitment at the time of the extension. If the Borrower gives such notice to the Administrative Agent, the Administrative Agent shall notify the Lenders within 10 days of receipt of such request. The Lenders shall have 30 days after receipt of such notice to notify Administrative Agent as to whether they accept or reject such extension request and Administrative Agent shall notify Borrower at least 45 days prior to the Facility Termination Date of the acceptance or rejection of the Lenders of Borrower's request to extend the Facility Termination Date. If the foregoing conditions are satisfied other than the condition requiring the consent of all Lenders, then Borrower shall have the right to replace any Lender that does not agree to the extension provided that: (a) Borrower notifies such Lender that it has elected to replace such Lender and notifies such Lender and the Administrative Agent of the identity of the proposed replacement Lender at least 15 Business Days prior to the Facility Termination Date and (b) the proposed replacement Lender is a Qualifying Lender. The Lender being replaced shall assign its Percentage of the Aggregate Commitment and its rights and obligations under this Facility to the replacement Lender pursuant to an Assignment and the replacement Lender shall assume such Percentage of the Aggregate Commitment and the related obligations under this Facility prior to the Facility Termination Date. The purchase by the replacement Lender shall be at par (plus all accrued and unpaid interest and any other sums owed to such Lender being replaced hereunder) which shall be paid to the Lender being replaced upon the execution and delivery of the Assignment and no fee pursuant to SECTION 13.3.2(ii) shall be required.

FINAL PRINCIPAL PAYMENT AND EXTENSION OPTION. Any outstanding Advances and all other unpaid Obligations shall be paid in full by the Borrower on the Facility Termination Date. The Facility Termination Date can be extended for one year upon notice to the Administrative Agent at least ninety (90) days before the original Facility Termination Date if (i) no Default has occurred and is continuing at the time of such notice and at the time of the original Facility Termination Date, (ii) all of the Lenders agree to such extension, and (iii) the Borrower pays an extension fee equal to 0.150.20% of the Aggregate Commitment at the time of the extension. If the Borrower gives such notice to the Administrative Agent, the Administrative Agent shall notify the Lenders within 10 days of receipt of such request. The Lenders shall have 30 days after receipt of such notice to notify Administrative Agent as to whether they accept or reject such extension request and Administrative Agent shall notify Borrower at least 45 days prior to the Facility Termination Date of the acceptance or rejection of the Lenders of Borrower's request to extend the Facility Termination Date. If the foregoing conditions are satisfied other than the condition requiring the consent of all Lenders, then Borrower shall have the right to replace any Lender that does not agree to the extension provided that: (a) Borrower notifies such Lender that it has elected to replace such Lender and notifies such Lender and the Administrative Agent of the identity of the proposed replacement Lender at least 15 Business Days prior to the Facility Termination Date and (b) the proposed replacement Lender is a Qualifying Qualified Lender. The Lender being replaced shall assign its Percentage of the Aggregate Commitment and its rights and obligations under this Facility to the replacement Lender pursuant to an Assignment and the replacement Lender shall assume such Percentage of the Aggregate Commitment and the related obligations under this Facility prior to the Facility Termination Date. The purchase by the replacement Lender shall be at par (plus all accrued and unpaid interest and any other sums owed to such Lender being replaced hereunder) which shall be paid to the Lender being replaced upon the execution and delivery of the Assignment and no fee pursuant to SECTION Section 13.3.2(ii) shall be required.

FINAL PRINCIPAL PAYMENT AND EXTENSION OPTION. Any outstanding Advances and all other unpaid Obligations shall be paid in full by the Borrower on the Facility Termination Date. The Facility Termination Date can be extended for one year upon notice to the Administrative Agent at least ninety (90) days (but no more than 180 days) before the original Facility Termination Date if (i) no Default has occurred and is continuing at the time of such notice and at the time of the original Facility Termination Date, (ii) all of the Lenders agree to such extension, and (iii) the Borrower pays an extension fee equal to 0.150.20% of the Aggregate Commitment at the time of the extensionextension for the ratable benefit of all accepting Lenders. If the Borrower gives such notice to the Administrative Agent, the Administrative Agent shall notify the Lenders within 10 days of receipt of such request. The Lenders shall have 30 days after receipt of such notice to notify Administrative Agent as to whether they accept or reject such extension request and Administrative Agent shall notify Borrower at least 45 days prior to the Facility Termination Date of the acceptance or rejection of the Lenders of Borrower's ’s request to extend the Facility Termination Date. If the foregoing conditions are satisfied other than the condition requiring the consent of all Lenders, then Borrower shall have the right to replace any Lender that does not agree to the extension provided that: (a) Borrower notifies such Lender that it has elected to replace such Lender and notifies such Lender and the Administrative Agent of the identity of the proposed replacement Lender at least 15 Business Days prior to the Facility Termination Date and (b) the proposed replacement Lender is a Qualifying Qualified Lender. The Lender being replaced shall assign its Percentage of the Aggregate Commitment and its rights and obligations under this Facility to the replacement Lender pursuant to an Assignment and the replacement Lender shall assume such Percentage of the Aggregate Commitment and the related obligations under this Facility prior to the Facility Termination Date. The purchase by the replacement Lender shall be at par (plus all accrued and unpaid interest and any other sums owed to such Lender being replaced hereunder) which shall be paid to the Lender being replaced upon the execution and delivery of the Assignment and no fee pursuant to SECTION Section 13.3.2(ii) shall be required.

FINAL PRINCIPAL PAYMENT AND EXTENSION OPTION. Any outstanding Advances and all other unpaid Obligations shall be paid in full by the Borrower on the Facility Termination Maturity Date. The Facility Termination Maturity Date can be extended for a single extension period of one (1) year upon notice request ("Extension Request") delivered by the Borrower to the Administrative Agent at least ninety not later than sixty (9060) days before days, nor earlier than one hundred twenty (120) days, prior to the original Facility Termination Date Maturity Date, if, but only if (i) no Default has occurred and is continuing at the time of such notice and Extension Request or at the time of the original Facility Termination Maturity Date and Borrower shall have delivered to the Agent a certificate to that effect both concurrently with the delivery of the Extension Request and on the scheduled Maturity Date; (ii) the Required Lenders agree to such extension; and (iii) Borrower pays the Extension Fee at the time of the initially scheduled Maturity Date (which fee shall be paid to the Agent for distribution to the Lenders which will have continuing Commitments). Promptly upon receipt from the Borrower of any Extension Request, the Agent shall notify each Lender of the contents of such notice. Each Lender approving an Extension Request shall deliver its written consent (a "Consent Notice") to the Borrower and the Agent on or prior to the fifteenth (15th) day after the date on which such notice is sent by the Agent to the Lenders (the "Response Date"). Each Lender may give or withhold its consent to any Extension Request in its sole discretion. No extension shall be effective with respect to any Lender which (i) by notice (a "Withdrawal Notice") to the Borrower and the Agent prior to the Response Date declines to consent to such Extension Request or (ii) fails to respond to the Borrower and the Agent prior to the Response Date (each such Lender is referred to as a "Withdrawing Lender" and each Lender other than a Withdrawing Lender is referred to as a "Continuing Lender"). The Agent shall promptly notify 18 the Borrower and the Lenders whether the Extension Request was approved or denied. If the consent of the Required Lenders to any such Extension Request is received by the Agent on or prior to the Response Date and the other requirements set forth above for the effectiveness of the extension are satisfied then, (i) the new Maturity Date shall become effective on the initial scheduled Maturity Date, (ii) all the Agent shall promptly notify the Borrower and each Lender of the Lenders agree to such extensionnew Maturity Date, and (iii) the Borrower pays an extension fee equal to 0.15% Commitments of the Aggregate Commitment at the time of the extension. If the Borrower gives such notice Continuing Lenders shall be extended to the Administrative Agent, the Administrative Agent shall notify the Lenders within 10 days of receipt of such request. The Lenders shall have 30 days after receipt of such notice to notify Administrative Agent as to whether they accept or reject such extension request and Administrative Agent shall notify Borrower at least 45 days prior to the Facility Termination Date of the acceptance or rejection of the Lenders of Borrower's request to extend the Facility Termination Date. If the foregoing conditions are satisfied other than the condition requiring the consent of all Lenders, then Borrower shall have the right to replace any Lender that does not agree to the extension provided that: (a) Borrower notifies such Lender that it has elected to replace such Lender and notifies such Lender and the Administrative Agent of the identity of the proposed replacement Lender at least 15 Business Days prior to the Facility Termination new Maturity Date and (biv) the proposed replacement Withdrawing Lenders shall be paid in full and their Commitments shall be cancelled or assumed by new lenders selected by the Borrower and the Arranger on the initial scheduled Maturity Date. Upon repayment of a Withdrawing Lender's Loans, such Lender is a Qualifying Lender. The Lender being replaced shall assign be released from this Agreement, its Percentage of the Aggregate Commitment Commitment, and its all of the rights and obligations under this Facility Agreement as of the date of such release. Such Lender will remain responsible for all obligations accruing prior to the replacement Lender pursuant date of such release and shall be entitled to an Assignment and all benefits (such as indemnities from the replacement Lender shall assume Borrower) accruing prior to the date of such Percentage of release. Concurrently with such release, the Aggregate Commitment shall be reduced by the Commitment of the Lender that is released and the related obligations under this Facility prior to the Facility Termination Date. The purchase by the replacement Lender Percentages shall be at par (plus all accrued and unpaid interest and any other sums owed recalculated, unless the Borrower arranges for a new lender to assume such Lender being replaced hereunder) which shall be paid to Lender's Commitment by assignment in accordance with the Lender being replaced upon the execution and delivery terms of the Assignment and no fee pursuant to SECTION 13.3.2(ii) shall be requiredthis Agreement.