Common use of Lenders’ Response to Extension Request Clause in Contracts

Lenders’ Response to Extension Request. Lenders may, at their option, accept or reject such Extension Request by giving written notice to Administrative Agent delivered no earlier than 30 days prior to (but no later than 25 days prior to) the then- effective Termination Date (such 25th day being the "RESPONSE DATE"). If any Lender shall fail to give such notice to Administrative Agent by the Response Date, such Lender shall be deemed to have rejected the requested extension. If the Extension Request is not consented to by Determining Lenders by the Response Date, the Extension Request will be rejected, and this Commitment will terminate on the then-effective Termination Date (unless prior to such Termination Date, Borrower elects to convert the Principal Debt, or a portion thereof, in accordance with SECTION 2.4 hereof). If Determining Lenders consent to the Extension Request by the Response Date, the Termination Date for those Lenders consenting to the extension (for purposes of this SECTION 2.3(a), the "ACCEPTING LENDERS") shall be automatically extended to the date which is the 364th day after the then-current Termination Date; PROVIDED THAT, the Termination Date may never be extended on any one date for a period greater than 364 days.

Lenders’ Response to Extension Request. The Lenders may, at their option, accept or reject such Extension Request by giving written notice to Administrative Agent delivered no earlier later than 30 10 days prior to (but no later than 25 days prior to) the then- then-effective Termination Date (such 25th day being the "RESPONSE DATE"). If any Lender shall fail to give such notice to Administrative Agent by the Response Date, such Lender shall be deemed to have rejected the requested extension. If the Extension Request is not consented to by Determining Lenders holding at least 66 2/3% of the Commitment by the Response Date, the Extension Request will be rejected, and this Commitment the Facility will terminate on the then-effective Termination Date (unless prior to such current Termination Date, Borrower elects to convert the Principal Debt, or a portion thereof, in accordance with SECTION 2.4 hereof). If Determining the Lenders holding at least 66 2/3% of the Commitment consent to the Extension Request by the Response Date, the Termination Date for those Lenders consenting to the extension (for purposes of this SECTION 2.3(a), the "ACCEPTING LENDERS") shall be automatically extended to the date which is the 364th day after the then-current Termination Date; PROVIDED THAT, (A) the Termination Date may never be extended on any one date for a period greater than 364 days; and (B) no more than one such 364-day extension of the Termination Date may be granted by Lenders.

Lenders’ Response to Extension Request. Lenders may, at their option, accept or reject such Extension Request by giving written notice to Administrative Agent delivered no earlier than 30 days prior to (but no later than 25 days prior to) the then- then-effective Termination Date (such 25th day being the "RESPONSE DATE"). If any Lender shall fail to give such notice to Administrative Agent by the Response Date, such Lender shall be deemed to have rejected the requested extension. If the Extension Request is not consented to by Determining Lenders by the Response Date, the Extension Request will be rejected, and this Commitment will terminate on the then-effective Termination Date (unless prior to such Termination Date, Borrower elects to convert the Principal Debt, or a portion thereof, in accordance with SECTION 2.4 2.5 hereof). If Determining Lenders consent to the Extension Request by the Response Date, the Termination Date for those Lenders consenting to the extension (for purposes of this SECTION 2.3(a2.4(a), the "ACCEPTING LENDERS") shall be automatically extended to the date which is the 364th day after the then-current Termination Date; PROVIDED THAT, provided that (i) the Termination Date may never be extended on any one date for a period greater than 364 days; and (ii) no more than two such 364-day extensions of the Termination Date may be granted by Determining Lenders.

Lenders’ Response to Extension Request. Lenders may, at their option, accept or reject such Extension Request by giving written notice to Administrative Agent delivered no earlier than 30 days prior to (but no later than 25 days prior to) the then- then-effective Termination Date (such 25th day being the "RESPONSE DATE"). If any Lender shall fail to give such notice to Administrative Agent by the Response Date, such Lender shall be deemed to AMENDED AND RESTATED 364-DAY REVOLVING CREDIT AND TERM LOAN AGREEMENT have rejected the requested extension. If the Extension Request is not consented to by Determining Lenders by the Response Date, the Extension Request will be rejected, and this Commitment will terminate on the then-effective Termination Date (unless prior to such Termination Date, Borrower elects to convert the Principal Debt, or a portion thereof, in accordance with SECTION 2.4 2.5 hereof). If Determining Lenders consent to the Extension Request by the Response Date, the Termination Date for those Lenders consenting to the extension (for purposes of this SECTION 2.3(a2.4(A), the "ACCEPTING LENDERS") shall be automatically extended to the date which is the 364th day after the then-current Termination Date; PROVIDED THAT, provided that (i) the Termination Date may never be extended on any one date for a period greater than 364 days; and (ii) no more than one such 364-day extension of the Termination Date may be granted by Determining Lenders.