Common use of Lender Election to Extend Clause in Contracts

Lender Election to Extend. Each Lender, acting in its sole and individual discretion, shall, by notice to the Administrative Agent given not later than the date that is 20 days following the date of the Company’s notice, or such other date as shall be acceptable to the Company and the Administrative Agent and notified to the Lenders, (the “Notice Date”), notify the Administrative Agent whether or not it agrees to such Commitment Termination Extension Request (each such Lender that agrees to such request being herein referred to as an “Extending Lender”). Each Lender that determines not to so extend the Commitment Termination Date (such Lender being herein referred as a “Non-Extending Lender”) shall notify the Administrative Agent of its determination thereof as promptly as practicable, but in any event not later than the Notice Date, and any Lender that does not advise the Administrative Agent on or before the Notice Date as to whether or not it agrees to such Commitment Termination Extension Request shall be deemed to be a Non-Extending Lender for purposes of such Commitment Termination Extension Request. Notwithstanding anything herein to the contrary, no Lender shall have any obligation to agree to any Commitment Termination Extension Request (regardless of whether any other Lender shall agree to such Commitment Termination Extension Request) and any election to do so shall be in the sole discretion of each Lender.

Lender Election to Extend. Each Lender, acting in its sole and individual discretion, shall, by notice to the Administrative Agent given not later than the date that is 20 15 days following after the date of on which the CompanyAdministrative Agent received the Term Facility Borrower’s notice, Extension Request (or such other later date as shall be acceptable to the Company and the Administrative Agent and notified to the Lenders, Agent) (the “Lender Notice Date”), notify advise the Administrative Agent whether or not it such Lender agrees to such Commitment Termination Extension Request extension (each such applicable Lender that agrees determines to such request being herein referred to as so extend its Applicable Maturity Date, an “Extending Lender”). Each Lender that determines not to so extend the Commitment Termination its Applicable Maturity Date (such Lender being herein referred as a “Non-Extending Lender”) ), shall notify the Administrative Agent of its such fact promptly after such determination thereof as promptly as practicable, (but in any event not no later than the Lender Notice Date), and any Lender that does not advise the Administrative Agent of any election on or before the Lender Notice Date as to whether or not it agrees to such Commitment Termination Extension Request shall be deemed to be a Non-Extending Lender. The election of any Lender for purposes of to agree to such Commitment Termination Extension Request. Notwithstanding extension shall not obligate any other Lender to so agree, and it is understood and agreed that, notwithstanding anything herein to the contrary, no Lender shall have any obligation whatsoever to agree to any Commitment Termination Extension Request (regardless request made by the Term Facility Borrower for extension of whether any other Lender shall agree to such Commitment Termination Extension Request) and any election to do so shall be in the sole discretion of each LenderApplicable Maturity Date.