Common use of Lender Elections to Extend Clause in Contracts

Lender Elections to Extend. Each Lender, acting in its sole and individual discretion, shall, by notice to the Administrative Agent given not later than 30 days after the AA Notice of Extension Request Date (the “Lender Response Date”), advise the Administrative Agent whether or not such Lender agrees to such extension (and each Lender that determines not to so extend its Maturity Date (a “Non-Extending Lender”), which such Lender shall notify the Administrative Agent of such fact promptly after such determination (but in any event no later than the Lender Response Date) and any Lender that does not so advise the Administrative Agent on or before the Lender Response Date shall be deemed to be a Non-Extending Lender. The election of any Lender to agree to such extension shall become irrevocable. The election of any Lender to agree to such extension shall not obligate any other Lender to so agree.

Appears in 2 contracts

Samples: Credit Agreement (Sonic Automotive Inc), Credit Agreement (Sonic Automotive Inc)

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Lender Elections to Extend. Each Lender, acting in its sole and individual discretion, shall, by notice to the Lead Administrative Agent given not later more than 30 days ten Business Days after receiving notice of such extension from the AA Notice of Extension Request Date Lead Administrative Agent (the “Lender Response Notice Date”), advise the Lead Administrative Agent whether or not such Lender agrees to such extension (and each Lender that determines not to so extend its Maturity Date (a “Non-Extending Lender”), which such Lender ) shall notify the Lead Administrative Agent of such fact promptly after such determination (but in any event no later than the Lender Response Notice Date)) and any Lender that does not so advise the Lead Administrative Agent on or before the Lender Response Notice Date shall be deemed to be a Non-Extending Lender. The election of any Lender to agree to such extension shall become irrevocable. The election of any Lender to agree to such extension shall not obligate any other Lender to so agree.

Appears in 2 contracts

Samples: Credit Agreement (Church & Dwight Co Inc /De/), Credit Agreement (Church & Dwight Co Inc /De/)

Lender Elections to Extend. Each Lender, acting in its sole and individual discretion, shall, by notice to the Administrative Agent given not later than 30 the date (the "Notice Date") that is 15 days after the AA Notice date of Extension Request Date (the “Lender Response Date”)request for extension, advise the Administrative Agent whether or not such Lender agrees to such extension (and each Lender that determines not to so extend its Revolving Credit Maturity Date (a "Non-Extending Lender”), which such Lender ") shall notify the Administrative Agent of such fact promptly after such determination (but in any event no later than the Lender Response Notice Date) and any Lender that does not so advise the Administrative Agent on or before the Lender Response Notice Date shall be deemed to be a Non-Extending Lender. The election of any Lender to agree to such extension shall become irrevocable. The election of any Lender to agree to such extension shall not obligate any other Revolving Credit Lender to so agree.

Appears in 2 contracts

Samples: Credit Agreement (Mueller Water Products, Inc.), Credit Agreement (Mueller Water Products, Inc.)

Lender Elections to Extend. Each Lender, acting in its sole and individual discretion, shall, by notice to the Administrative Agent given not later than 30 days after the AA Notice of Extension Request Date date (the “Lender Response Notice Date”)) that is 10 Business Days after such Lender’s receipt of such request, advise the Administrative Agent whether or not such Lender agrees to such extension (and each Lender that determines not to so extend its Maturity Date (a “Non-Extending Lender”), which such Lender ) shall notify the Administrative Agent of such fact promptly after such determination (but in any event no later than the Lender Response Notice Date) and any Lender that does not so advise the Administrative Agent on or before the Lender Response Notice Date shall be deemed to be a Non-Extending Lender. The election of any Lender to agree to such extension shall become irrevocable. The election of any Lender to agree to such extension shall not obligate any other Lender to so agree.

Appears in 1 contract

Samples: Credit Agreement (Avnet Inc)

Lender Elections to Extend. Each Lender, acting in its sole and individual discretion, shall, by notice to the Administrative Agent given not later than 30 15 days after following the AA Notice receipt of Extension Request Date notice of such request from the Administrative Agent (the “Lender Response "Notice Date"), advise the Administrative Agent whether or not such Lender agrees to such extension (and each Lender that determines not to so extend its Maturity Date (a "Non-Extending Lender”), which such Lender ") shall notify the Administrative Agent of such fact promptly after such determination (but in any event no later than the Lender Response Notice Date) and any Lender that does not so advise the Administrative Agent on or before the Lender Response Notice Date shall be deemed to be a Non-Extending Lender. The election of any Lender to agree to such extension shall become irrevocable. The election of any Lender to agree to such extension shall not obligate any other Lender to so agree.

Appears in 1 contract

Samples: Credit Agreement (Cabot Corp)

Lender Elections to Extend. Each Lender, acting in its sole and individual discretion, shall, shall by notice to the Administrative Agent given not later than 30 the date that is 15 days after receiving the AA Notice of Borrower’s request for an Extension Request Date (the “Lender Response Notice Date”), advise the Administrative Agent whether or not such Lender agrees to such extension Extension (and each Lender that determines not to so extend its Maturity Date (a “Non-Extending Lender”), which such Lender ) shall notify the Administrative Agent of such fact promptly after such determination (but in any event no later than the Lender Response Notice Date)) and any Lender that does not so advise the Administrative Agent on or before the Lender Response Notice Date shall be deemed to be a Non-Extending Lender. The election of any Lender to agree to such extension shall become irrevocable. The election of any Lender to agree to such extension Extension shall not obligate oblige any other Lender to so agree.

Appears in 1 contract

Samples: Credit Agreement (Dayton Power & Light Co)

Lender Elections to Extend. Each Lender, acting in its sole and individual discretion, shall, by notice to the Administrative Agent given not later than 30 the date (the “Notice Date”) that is 15 days after the AA Notice date of Extension Request Date (the “Lender Response Date”)request for extension, advise the Administrative Agent whether or not such Lender agrees to such extension (and each Lender that determines not to so extend its Revolving Credit Maturity Date (a “Non-Extending Lender”), which such Lender ) shall notify the Administrative Agent of such fact promptly after such determination (but in any event no later than the Lender Response Notice Date) and any Lender that does not so advise the Administrative Agent on or before the Lender Response Notice Date shall be deemed to be a Non-Extending Lender. The election of any Lender to agree to such extension shall become irrevocable. The election of any Lender to agree to such extension shall not obligate any other Revolving Credit Lender to so agree.

Appears in 1 contract

Samples: Credit Agreement (Mueller Water Products, Inc.)

Lender Elections to Extend. Each Lender, acting in its sole and individual discretion, shall, by notice to the Administrative Agent given not no later than the date (the “Notice Date”) that is 30 days after the AA Notice date of Extension Request Date the Borrower’s notice to the Administrative Agent (or, if such date is not a Business Day, on the “Lender Response Date”next preceding Business Day), advise the Administrative Agent whether or not such Lender agrees to such extension or extensions (and each Lender that determines not to so extend its Stated Maturity Date with respect to any such credit facility (a “Non-Extending NonExtending Lender”), which such Lender ) shall notify the Administrative Agent of such fact promptly after such determination (but in any event no later than the Lender Response Notice Date) and any Lender that does not so advise the Administrative Agent on or before the Lender Response Notice Date shall be deemed to be a Non-Extending NonExtending Lender). The election of any Lender to agree to such extension shall become irrevocable. The election of any Lender to agree to such extension or extensions shall not obligate any other Lender to so agree.

Appears in 1 contract

Samples: Fifth Agreement Regarding Consents and Amendments (CatchMark Timber Trust, Inc.)

Lender Elections to Extend. Each Lender, acting in its sole and individual discretion, shall, by notice to the Administrative Agent given not later than 30 the date (the "Notice Date") that is sixty (60) days after the AA Notice of Extension Request Date (the “Lender Response Date”)Unit has given notice in accordance with Section 3.7.1, advise the Administrative Agent whether or not such Lender agrees to such extension (and each Lender that determines not to so extend its Maturity Facility Termination Date (a “Non-"Non Extending Lender”), which such Lender ") shall notify the Administrative Agent of such fact promptly after such determination (but in any event no later than the Lender Response Notice Date) and any Lender that does not so advise the Administrative Agent on or before the Lender Response Notice Date shall be deemed to be a Non-Non Extending Lender. The election of any Lender to agree to such extension shall become irrevocable. The election of any Lender to agree to such extension shall not obligate any other Lender to so agree.

Appears in 1 contract

Samples: Senior Credit Agreement (Unit Corp)

Lender Elections to Extend. Each Lender, acting in its sole and individual discretion, shall, by notice to the Administrative Agent given not later than 30 15 days after following the AA Notice receipt of Extension Request Date notice of such request from the Administrative Agent (the “Lender Response Notice Date”), advise the Administrative Agent whether or not such Lender agrees to such extension (and each Lender that determines not to so extend its Maturity Date (a “Non-Extending Lender”), which such Lender ) shall notify the Administrative Agent of such fact promptly after such determination (but in any event no later than the Lender Response Notice Date) and any Lender that does not so advise the Administrative Agent on or before the Lender Response Notice Date shall be deemed to be a Non-Extending Lender. The election of any Lender to agree to such extension shall become irrevocable. The election of any Lender to agree to such extension shall not obligate any other Lender to so agree.

Appears in 1 contract

Samples: Credit Agreement (Cabot Corp)

Lender Elections to Extend. Each Lender, acting in its sole and individual discretion, shall, by notice to the Administrative Agent given not later than 30 days after the AA Notice of Extension Request Date date (the “Lender Response Notice Date”)) that is 30 days prior to the applicable Anniversary Date, advise the Administrative Agent whether or not such Lender agrees to such extension (and each Lender that determines not to so extend its Maturity Date (a “Non-Extending Non‑Extending Exhibit 4.1 Lender”), which such Lender ) shall notify the Administrative Agent of such fact promptly after such determination (but in any event no later than the Lender Response Notice Date) and any Lender that does not so advise the Administrative Agent on or before the Lender Response Notice Date shall be deemed to be a Non-Extending Non‑Extending Lender. The election of any Lender to agree to such extension shall become irrevocable. The election of any Lender to agree to such extension shall not obligate any other Lender to so agree.

Appears in 1 contract

Samples: Credit Agreement (Stryker Corp)

Lender Elections to Extend. Each Lender, acting in its sole and individual discretion, shall, by notice to the Administrative Agent given not later than within 30 days after of such Lender’s receipt of the AA Notice of Extension Request Date from the Administrative Agent (the “Lender Response Notice Date”), advise the Administrative Agent whether or not such Lender agrees to such extension (and each Lender that determines not to so extend its Maturity Date (a “Non-Extending Lender”), which such Lender ) shall notify the Administrative Agent of such fact promptly after such determination (but in any event no later than the Lender Response Notice Date) and any Lender that does not so advise the Administrative Agent on or before the Lender Notice Date (the “Response Date Deadline”) shall be deemed to be a Non-Extending Lender. The election of any Lender to agree to such extension shall become irrevocable. The election of any Lender to agree to such extension shall not obligate any other Lender to so agree.

Appears in 1 contract

Samples: Five Year Credit Agreement (Edwards Lifesciences Corp)

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Lender Elections to Extend. Each Lender, acting in its sole and individual discretion, shall, by notice to the Administrative Agent given not later than 30 the date (the “Notice Date”) that is 15 days after the AA Notice of Extension Request Date (date the “Lender Response Date”)applicable extension request is delivered to such Lender, advise the Administrative Agent whether or not such Lender agrees to such extension (and each Lender that determines not to so extend its Maturity Date (Date, a “Non-Extending Lender”), which such Lender ) shall notify the Administrative Agent of such fact promptly after such determination (but in any event no later than the Lender Response Notice Date) and any Lender that does not so advise the Administrative Agent on or before the Lender Response Notice Date shall be deemed to be a Non-Extending Lender. The election of any Lender to agree to such extension shall become irrevocable. The election of any Lender to agree to such extension shall not obligate any other Lender to so agree.

Appears in 1 contract

Samples: Credit Agreement (Uber Technologies, Inc)

Lender Elections to Extend. Each Lender, acting in its sole and individual discretion, shall, by notice to the Administrative Agent given not later less than 30 20 days after prior to the AA Notice of Extension Request then current Maturity Date (the “Lender Response Notice Date”), advise the Administrative Agent whether or not such Lender agrees to such extension (and each Lender that determines not to so extend its Maturity Date (a “Non-Extending Lender”), which such Lender ) shall notify the Administrative Agent of such fact promptly after such determination (but in any event no later than the Lender Response Notice Date)) and any Lender that does not so advise the Administrative Agent on or before the Lender Response Notice Date shall be deemed to be a Non-Extending Lender. The election of any Lender to agree to such extension shall become irrevocable. The election of any Lender to agree to such extension shall not obligate any other Lender to so agree.

Appears in 1 contract

Samples: Credit Agreement (Church & Dwight Co Inc /De/)

Lender Elections to Extend. Each Lender, acting in its sole and individual discretion, shall, by notice to the Administrative Agent given not later than 30 15 days after receipt of the AA Notice of Extension Request Date Company’s request pursuant to subsection (a) above (the “Lender Response Notice Date”), advise the Administrative Agent whether or not such Lender agrees to such extension (and each Lender that determines not to so extend its Maturity Date (a “Non-Extending Non‑Extending Lender”), which such Lender ) shall notify the Administrative Agent of such fact promptly after such determination (but in any event no later than the Lender Response Notice Date) and any Lender that does not so advise the Administrative Agent on or before the Lender Response Notice Date shall be deemed to be a Non-Extending Non‑Extending Lender. The election of any Lender to agree to such extension shall become irrevocable. The election of any Lender to agree to such extension shall not obligate any other Lender to so agree.

Appears in 1 contract

Samples: Credit Agreement (Albemarle Corp)

Lender Elections to Extend. Each Lender, acting in its sole and individual discretion, shall, by notice to the Administrative Agent given not later than 30 15 days after receiving notification of the AA Notice of Extension Request Borrower’s request to extend the Maturity Date (the “Lender Response Notice Date”), advise the Administrative Agent whether or not such Lender agrees to such extension (and each Lender that determines not to so extend its Maturity Date (a “Non-Extending Non‑Extending Lender”), which such Lender ) shall notify the Administrative Agent of such fact promptly after such determination (but in any event no later than the Lender Response Notice Date) and any Lender that does not so advise the Administrative Agent on or before the Lender Response Notice Date shall be deemed to be a Non-Extending Non‑Extending Lender. The election of any Lender to agree to such extension shall become irrevocable. The election of any Lender to agree to such extension shall not obligate any other Lender to so agree.

Appears in 1 contract

Samples: Credit Agreement (Precision Castparts Corp)

Lender Elections to Extend. Each Lender, acting in its sole and individual discretion, shall, by notice to the Administrative Agent given not later than 30 days after the AA Notice of Extension Request Date date (the “Lender Response Notice Date”)) that is 20 days prior to the Existing Maturity Date, advise the Administrative Agent whether or not such Lender agrees to such extension (and each Lender that determines not to so extend its Maturity Date (a “Non-Extending Lender”), which such Lender ) shall notify the Administrative Agent of such fact promptly after such determination (but in any event no later than the Lender Response Notice Date) and any Lender that does not so advise the Administrative Agent on or before the Lender Response Notice Date shall be deemed to be a Non-Extending Lender. The election of any Lender to agree to such extension shall become irrevocable. The election of any Lender to agree to such extension shall not obligate any other Lender to so agree.

Appears in 1 contract

Samples: Credit Agreement (Jacobs Solutions Inc.)

Lender Elections to Extend. Each Lender, acting in its sole and individual discretion, shall, by notice to the Administrative Agent given not later than 30 15 days after receiving notification of the AA Notice of Extension Request Borrower’s request to extend the Maturity Date (the “Lender Response Notice Date”), advise the Administrative Agent whether or not such Lender agrees to such extension (and each Lender that determines not to so extend its Maturity Date (a “Non-Extending Non‑Extending Lender”), which such Lender ) shall notify the Administrative Agent of such fact promptly after such determination (but in any event no later than the Lender Response Notice Date) and any Lender that does not so advise the Administrative Agent on or before the Lender Response Notice Date shall be \52073062 deemed to be a Non-Extending Non‑Extending Lender. The election of any Lender to agree to such extension shall become irrevocable. The election of any Lender to agree to such extension shall not obligate any other Lender to so agree.

Appears in 1 contract

Samples: Credit Agreement (Precision Castparts Corp)

Lender Elections to Extend. Each Lender, acting in its sole and individual discretion, shall, by notice to the Administrative Agent given not later than 30 days after the AA Notice of Extension Request Date (the “Lender Response Date”), advise the Administrative Agent whether or not such Lender agrees to such extension (and each Lender that determines not to so extend its Maturity Date (a “Non-Extending Lender”), which such Lender shall notify the Administrative Agent of such fact promptly after such determination (but in any event no later than the Lender Response Date) and any Lender that does not so advise the Administrative Agent on or before the Lender Response Date shall be deemed to be a Non-Extending Lender. The election of any Lender to agree to such extension shall become irrevocable. The election of any Lender to agree to such extension shall not obligate any other Lender to so agree.

Appears in 1 contract

Samples: Credit Agreement (Sonic Automotive Inc)

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