Lender Elections to Extend. If the Parent makes the request in clause 2.28.2 above, each Lender, acting in its sole and individual discretion, shall, by notice to the Administrative Agent given not earlier than 60 days prior to the applicable Anniversary Date and not later than the date that is 45 days prior to the applicable Anniversary Date (the "Notice Date"), advise the Administrative Agent whether or not such Lender agrees to such extension. Each Lender that decides not to extend its Commitment Maturity Date (each, a "Non-Extending Lender") and each Lender that decides to extend its Commitment Maturity Date (each, an "Extending Lender") shall notify the Administrative Agent of such decision promptly after such determination (but in any event no later than the Notice Date), and any Lender that does not otherwise advise the Administrative Agent on or before the Notice Date shall be deemed to be a Non-Extending Lender. The election of any Lender to agree to such extension pursuant to this Section 2.28 shall not obligate any other Lender to so agree.
Appears in 2 contracts
Samples: Credit Agreement (Cameron International Corp), Credit Agreement (Cameron International Corp)
Lender Elections to Extend. If the Parent makes the request in clause 2.28.2 above, each Each applicable Lender, acting in its sole and individual discretion, shall, by written notice to the Administrative Agent given by a date specified by the Administrative Agent (which such date shall not be earlier than the date that is ten (10) days after notice is provided to the applicable Lenders, and in any event not earlier than 60 thirty (30) days nor later than twenty (20) days prior to the applicable Anniversary Expiration Date and not later than in the date that is 45 days prior to case of extensions of the applicable Anniversary Date Expiration Date) (the "“Notice Date"”), advise the Administrative Agent whether or not such Lender Xxxxxx agrees to such extension. Each , and each Lender that decides determines not to so extend its Commitment Expiration Date or Term Loan Maturity Date (each, a "“Non-Extending Lender") and each Lender that decides to extend its Commitment Maturity Date (each, an "Extending Lender"”) shall notify the Administrative Agent in writing of such decision fact promptly after such determination (but in any event no later than the Notice Date), ) and any Lender that does not otherwise so advise the Administrative Agent on or before the Notice Date shall be deemed to be a Non-Extending Lender. The election of any Lender to agree to such extension pursuant to this Section 2.28 shall not obligate any other Lender to so agree.
Appears in 2 contracts
Samples: Credit Agreement (Cadre Holdings, Inc.), Credit Agreement (Cadre Holdings, Inc.)
Lender Elections to Extend. If the Parent makes the request in clause 2.28.2 above, each Each applicable Lender, acting in its sole and individual discretion, shall, by written notice to the Administrative Agent given by a date specified by the Administrative Agent (which such date shall not be earlier than the date that is ten (10) days after notice is provided to the applicable Lenders, and in any event not earlier than 60 thirty (30) days nor later than twenty (20) days prior to the applicable Anniversary Expiration Date and not later than in the date that is 45 days prior to case of extensions of the applicable Anniversary Date Expiration Date) (the "“Notice Date"”), advise the Administrative Agent whether or not such Lender agrees to such extension. Each , and each Lender that decides determines not to so extend its Commitment Expiration Date or Term Loan Maturity Date (each, a "“Non-Extending Lender") and each Lender that decides to extend its Commitment Maturity Date (each, an "Extending Lender"”) shall notify the Administrative Agent in writing of such decision fact promptly after such determination (but in any event no later than the Notice Date), ) and any Lender that does not otherwise so advise the Administrative Agent on or before the Notice Date shall be deemed to be a Non-Extending Lender. The election of any Lender to agree to such extension pursuant to this Section 2.28 shall not obligate any other Lender to so agree.
Appears in 2 contracts
Samples: Credit Agreement (Cadre Holdings, Inc.), Credit Agreement (Cadre Holdings, Inc.)
Lender Elections to Extend. If the Parent makes the request in clause 2.28.2 above, each Each Lender, acting in its sole and individual discretion, shall, by notice to the Administrative Agent given not earlier than 60 days prior to the applicable Anniversary Date and not later than the date that is 45 days prior to ten (10) Business Days after receipt of notice from the applicable Anniversary Date Administrative Agent of the Borrower’s request for an extension (the "“Notice Date"”), advise the Administrative Agent whether or not such Lender agrees to such extension. Each extension (each such Lender that decides determines to so extend its Revolving Loan Commitment Termination Date and/or Term Loan Maturity Date, as applicable, being an “Extending Lender” and each Lender that determines not to so extend its Revolving Loan Commitment Termination Date and/or Term Loan Maturity Date (eachDate, as applicable, being a "“Non-Extending Lender") and each Lender ”). In the event that decides to extend its Commitment Maturity Date (each, an "Extending Lender") shall notify the Administrative Agent of such decision promptly after such determination (but in any event no later than the Notice Date), and any a Lender that does not otherwise so advise the Administrative Agent on or before the Notice Date such Lender shall be deemed to be a Non-Extending Lender. The election of any Lender to agree to such extension pursuant to this Section 2.28 shall not obligate any other Lender to so agree.
Appears in 2 contracts
Samples: Credit Agreement (Mosaic Co), Credit Agreement (Mosaic Co)
Lender Elections to Extend. If the Parent makes the request in clause 2.28.2 above, each Each applicable Lender, acting in its sole and individual discretion, shall, by written notice to the Administrative Agent given by a date specified by the Administrative Agent (which such date shall not be earlier than the date that is 10 days after notice is provided to the applicable Lenders, and in any event not earlier than 60 30 days nor later than 20 days prior to the applicable Anniversary Expiration Date and not later than in the date that is 45 days prior to case of extensions of the applicable Anniversary Date Expiration Date) (the "“Notice Date"”), advise the Administrative Agent whether or not such Lender agrees to such extension. Each extension (and each Lender that decides determines not to so extend its Commitment Maturity Expiration Date (each, a "“Non-Extending Lender") and each Lender that decides to extend its Commitment Maturity Date (each, an "Extending Lender"”) shall notify the Administrative Agent in writing of such decision fact promptly after such determination (but in any event no later than the Notice Date), ) and any Lender that does not otherwise so advise the Administrative Agent on or before the Notice Date shall be deemed to be a Non-Extending Lender. The election of any Lender to agree to such extension pursuant to this Section 2.28 shall not obligate any other Lender to so agree.
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Lender Elections to Extend. If the Parent makes the request in clause 2.28.2 above, each Each Lender, acting in its sole and individual discretion, shall, by notice to the Administrative Agent given not earlier than 60 days prior to the applicable Anniversary Date and not later than the date (the “Notice Date”) that is 45 15 days prior after the date of the Borrower’s notice to the applicable Anniversary Date Administrative Agent under subsection (the "Notice Date")a) above, advise the Administrative Agent (and the Administrative Agent shall upon the Borrower’s request prior to the Notice Date advise the Borrower as to Lenders’ responses) whether or not such Lender agrees to such extension. Each , and each Lender that decides determines not to so extend its Commitment Maturity Date and/or GO Bond Mandatory Put Date, as applicable (each, a "“Non-Extending Lender") and each Lender that decides to extend its Commitment Maturity Date (each”), an "Extending Lender") shall notify the Administrative Agent of such decision fact promptly after such determination (but in any event no later than the Notice Date); provided, and that any Lender that does not otherwise so advise the Administrative Agent on or before the Notice Date shall be deemed to be a Non-Extending Lender. The election of any Lender to agree to such extension pursuant to this Section 2.28 shall not obligate any other Lender to so agree.
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Lender Elections to Extend. If the Parent makes the request in clause 2.28.2 above, each Each Lender, acting in its sole and individual discretion, shall, by notice to the Administrative Agent given not earlier than 60 days prior to the applicable Anniversary Date and not later than the date (the “Notice Date”) that is 45 15 days prior to the applicable Anniversary Date (the "Notice Date")following receipt of an Extension Notice, advise the Administrative Agent whether or not such Lender agrees to such extension. Each extension (and each Lender that decides does not agree to extend its Commitment Maturity Date such extension (each, a "“Non-Extending Lender") and each Lender that decides to extend its Commitment Maturity Date (each, an "Extending Lender"”) shall notify the Administrative Agent of such decision fact promptly after such determination (but in any event no later than the Notice Date)), and any Lender that does not otherwise so advise the Administrative Agent on or before the Notice Date shall be deemed to be a Non-Extending Lender. The election of any Lender to agree to such extension pursuant to this Section 2.28 (an “Extending Lender”) shall not obligate any other Lender to so agree. In the event that the aggregate principal amount of the Commitment or Loan, as applicable, that is subject to the Borrower’s request for such extension is less than the aggregate amount of Commitments or Loans, as applicable, of the Extending Lenders, such extension shall apply, on a pro rata basis, to each Extending Lender’s Commitment or Loans, as applicable.
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Lender Elections to Extend. If the Parent makes the request in clause 2.28.2 above, each Lender, acting in its sole and individual discretion, shall, by notice to the Administrative Agent given not earlier than 60 days prior to the applicable Anniversary Date and not later than the date that is 45 days prior to the applicable Anniversary Date (the "“Notice Date"”), advise the Administrative Agent whether or not such Lender agrees to such extension. Each Lender that decides not to extend its Commitment Maturity Date (each, a "“Non-Extending Lender"”) and each Lender that decides to extend its Commitment Maturity Date (each, an "“Extending Lender"”) shall notify the Administrative Agent of such decision promptly after such determination (but in any event no later than the Notice Date), and any Lender that does not otherwise advise the Administrative Agent on or before the Notice Date shall be deemed to be a Non-Extending Lender. The election of any Lender to agree to such extension pursuant to this Section 2.28 shall not obligate any other Lender to so agree.
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Lender Elections to Extend. If the Parent makes the request in clause 2.28.2 above, each Each Lender, acting in its sole and individual discretion, shall, by notice to the Administrative Agent given not earlier than 60 days prior promptly after such Lender’s receipt of a notice of request for extension delivered by the Company pursuant to the applicable Anniversary Date and not Section 2.17(a) and, in any event, no later than the date that is 45 fifteen (15) days prior to the applicable Anniversary Date (such date, with respect to any Anniversary Date, the "“Notice Date"”), advise the Administrative Agent whether or not such Lender agrees to such extension. Each extension (each Lender that decides determines not to so extend its Commitment such Lender’s Current Maturity Date (each, being referred to herein as a "“Non-Extending Lender") and each Lender that decides to extend its Commitment Maturity Date (each”); provided, an "Extending Lender") shall notify the Administrative Agent of such decision promptly after such determination (but in any event no later than the Notice Date)that, and any Lender that does not otherwise so advise the Administrative Agent on or before the Notice Date for the applicable Anniversary Date shall be deemed to be a Non-Extending Lender. The election of any Lender to agree to such extension pursuant to this Section 2.28 shall not obligate any other Lender to so agree. For the avoidance of doubt, each Non-Extending Lender shall be required to maintain its original Commitment pursuant to the terms and conditions contained herein to and including such Lender’s Current Maturity Date (without giving effect to such extension).
Appears in 1 contract
Samples: Credit Agreement (Workday, Inc.)
Lender Elections to Extend. If the Parent makes the request in clause 2.28.2 (a) above, each Lender, acting in its sole and individual discretion, shall, by notice to the Administrative Agent given not earlier than 60 days prior to the applicable Anniversary Date and not later than the date that is 45 days prior to the applicable Anniversary Date (the "“Notice Date"”), advise the Administrative Agent whether or not such Lender agrees to such extension. Each Lender that decides not to extend its Commitment Maturity Date (each, a "“Non-Extending Lender"”) and each Lender that decides to extend its Commitment Maturity Date (each, an "“Extending Lender"”) shall notify the Administrative Agent of such decision promptly after such determination (but in any event no later than the Notice Date), and any Lender that does not otherwise advise the Administrative Agent on or before the Notice Date shall be deemed to be a Non-Extending Lender. The election of any Lender to agree to such extension pursuant to this Section 2.28 shall not obligate any other Lender to so agree.
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Lender Elections to Extend. If the Parent makes the request in clause 2.28.2 (a) above, each Lender, acting in its sole and individual discretion, shall, by notice to the Administrative Agent given not earlier than 60 days prior to the applicable Anniversary Date and not later than the date that is 45 days prior to the applicable Anniversary Date (the "Notice Date"), advise the Administrative Agent whether or not such Lender agrees to such extension. Each Lender that decides not to extend its Commitment Maturity Date (each, a "Non-Extending Lender") and each Lender that decides to extend its Commitment Maturity Date (each, an "Extending Lender") shall notify the Administrative Agent of such decision promptly after such determination (but in any event no later than the Notice Date), and any Lender that does not otherwise advise the Administrative Agent on or before the Notice Date shall be deemed to be a Non-Extending Lender. The election of any Lender to agree to such extension pursuant to this Section 2.28 shall not obligate any other Lender to so agree.
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Lender Elections to Extend. If the Parent makes the request in clause 2.28.2 2.28.1 above, each Lender, acting in its sole and individual discretion, shall, by notice to the Administrative Agent given not earlier than 60 days prior to the applicable Anniversary Date and not later than the date that is 45 days prior to the applicable Anniversary Date (the "“Notice Date"”), advise the Administrative Agent whether or not such Lender agrees to such extension. Each Lender that decides not to extend its Commitment Maturity Date (each, a "“Non-Extending Lender"”) and each Lender that decides to extend its Commitment Maturity Date (each, an "“Extending Lender"”) shall notify the Administrative Agent of such decision promptly after such determination (but in any event no later than the Notice Date), and any Lender that does not otherwise advise the Administrative Agent on or before the Notice Date shall be deemed to be a Non-Extending Lender. The election of any Lender to agree to such extension pursuant to this Section 2.28 shall not obligate any other Lender to so agree.
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Lender Elections to Extend. If the Parent makes the request in clause 2.28.2 above, each Each Lender, acting in its sole and individual discretion, shall, by notice to the Administrative Agent given not earlier than 60 days prior to the applicable Anniversary Date and not later than the date (the “Notice Date”) that is 45 10 days prior to the applicable Anniversary Date (the "Notice Date")after receipt of notice of a maturity date extension request, advise the Administrative Agent whether or not such Lender agrees to such extensionextension (each Lender agreeing to such extension being an “Extending Lender”). Each Lender that decides determines not to so extend its Commitment Maturity Date (each, a "“Non-Extending Lender") and each Lender that decides to extend its Commitment Maturity Date (each, an "Extending Lender"”) shall notify the Administrative Agent of such decision fact promptly after such determination (but in any event no later than the Notice Date), and any . Any Lender that does not otherwise advise the Administrative Agent that it is an Extending Lender on or before the Notice Date shall be deemed to be a Non-Extending Lender. The election of any Extending Lender to agree to such extension pursuant to this Section 2.28 shall not obligate any other Non-Extending Lender to so agreeagree (and the Maturity Date for each Non-Extending Lender will not be changed by this Section 2.13).
Appears in 1 contract
Samples: Credit Agreement (Danaher Corp /De/)