Common use of Loan Extensions Clause in Contracts

Loan Extensions. 6.2.1 Until the end of the Availability Period, the Borrower may at any time during the period, which starts sixty (60) days prior to the Loan Maturity Date and ends thirty (30) days prior to the Loan Maturity Date, send a written request (a "Loan Extension Request") to the Lender with respect to a Loan, (a) confirming that it is apparent that on the Loan Maturity Date, the Borrower will not have received sufficient ex-post contributions raised from the institutions authorised in the 8 OPTION 2: provision between square brackets to be deleted. territories of the Lender in accordance with article 71 of the SRMR to ensure repayment in full of (i) any outstanding External Borrowings made in accordance with articles 73 and 74 of the SRMR (or, in case of a cross-border group, the portion of External Borrowings relating to the Lender Compartment), (ii) any amounts outstanding with respect to the financial means (if any) made available to the Borrower from temporary transfers between Compartments in accordance with article 7 of the IGA, to the extent they relate to the same Resolution Scheme as the relevant Loan to be repaid, and (iii) the Loan for which the Loan Extension Request is made; and (b) requesting that the Loan Maturity Date for the whole or any part of such Loan be extended by a period of twelve (12) Months (the "Proposed Extension"). 6.2.2 The Lender shall agree to such Proposed Extension and for that Loan, the Loan Maturity Date shall be extended by a period of twelve (12) Months commencing on the date of the Loan Maturity Date as it existed immediately prior to such extension (the "Loan Extension"). 6.2.3 Following a first Loan Extension, the Borrower shall have the right to deliver other Loan Extension Requests in compliance with paragraph 6.2.1 (a) and the Lender shall be entitled (but not required) to agree thereto in which case a further Loan Extension will apply in accordance with Clause 6.2.2. 6.2.4 If the Lender has been granted Stability Support, the Loan Extension must not exceed the final maturity date of the Stability Support. 6.2.5 Any Loan Extension Request is irrevocable once delivered.

Loan Extensions. 6.2.1 Until (a) [Reserved]. (b) [Reserved] (c) [Reserved]. (d) [Reserved]. (e) Notwithstanding anything to the end contrary in Section 2.15(c) (which provisions shall not be applicable to clauses (e) through (i) of this Section 2.18), pursuant to one or more offers made from time to time by the Availability PeriodBorrower to all Lenders of any Class of Term Loans, on a pro rata basis and on the same terms (“Pro Rata Loan Extension Offers”), the Borrower may at any is hereby permitted to consummate transactions with individual Lenders from time during to time to extend the period, which starts sixty (60) days prior maturity date of such Lender’s Term Loans of such Class and to otherwise modify the terms of such Lender’s Term Loans of such Class pursuant to the terms of the relevant Pro Rata Loan Maturity Date and ends thirty Extension Offer (30) days prior including, without limitation, increasing the interest rate or fees payable in respect of such Lender’s Term Loans and/or modifying the amortization schedule in respect of such Lender’s Term Loans). For the avoidance of doubt, the reference to “on the same terms” in the preceding sentence shall mean, in the case of an offer to the Loan Maturity DateLenders under any Class of Term Loans, send a written request (a "Loan Extension Request") that all of the Term Loans of such Class are offered to be extended for the Lender same amount of time and that the interest rate changes and fees payable with respect to such extension are the same. Any such extension (a “Loan Extension”) agreed to between the Borrower and any such Lender (an “Extending Term Loan Lender”) will be established under this Agreement pursuant to an amendment (each, an “Extension Amendment”) to this Agreement among the Borrower, the Administrative Agent and each Extending Term Loan Lender (such extended Term Loan,, an “Extended Term Loan”). Each Pro Rata Loan Extension Offer shall specify the date on which the Borrower proposes that the Extended Term Loan shall be made, which shall be a date not earlier than five Business Days after the date on which notice is delivered to the Administrative Agent (or such shorter period agreed to by the Administrative Agent). (af) confirming that it is apparent that on The Borrower and each Extending Term Loan Lender shall execute and deliver to the Administrative Agent an Extension Amendment and such other documentation as the Administrative Agent shall reasonably specify to evidence the Extended Term Loans of such Extending Term Loan Maturity Date, Lender. Each Extension Amendment shall specify the Borrower will not have received sufficient ex-post contributions raised from the institutions authorised in the 8 OPTION 2: provision between square brackets to be deleted. territories terms of the Lender in accordance with article 71 of the SRMR to ensure repayment in full of applicable Extended Term Loans; provided that (i) except as to interest rates, fees, any outstanding External Borrowings made other pricing terms, amortization, final maturity date and participation in accordance with articles 73 prepayments (which shall, subject to clauses (ii) through (iv) of this proviso, be determined by the Borrower and 74 of set forth in the SRMR (or, in case of a cross-border groupPro Rata Loan Extension Offer), the portion Extended Term Loans shall have (x) the same terms as an existing Class of External Borrowings relating Term Loans or (y) such other terms as shall be reasonably satisfactory to the Lender Compartment)Administrative Agent, (ii) any amounts outstanding with respect to the financial means (if any) made available to the Borrower from temporary transfers between Compartments in accordance with article 7 of the IGA, to the extent they relate to the same Resolution Scheme as the relevant Loan to be repaid, and (iii) the Loan for which the Loan Extension Request is made; and (b) requesting that the Loan Maturity Date for the whole or any part of such Loan be extended by a period of twelve (12) Months (the "Proposed Extension"). 6.2.2 The Lender shall agree to such Proposed Extension and for that Loan, the Loan Maturity Date shall be extended by a period of twelve (12) Months commencing on the date of the Loan Maturity Date as it existed immediately prior to such extension (the "Loan Extension"). 6.2.3 Following a first Loan Extension, the Borrower shall have the right to deliver other Loan Extension Requests in compliance with paragraph 6.2.1 (a) and the Lender shall be entitled (but not required) to agree thereto in which case a further Loan Extension will apply in accordance with Clause 6.2.2. 6.2.4 If the Lender has been granted Stability Support, the Loan Extension must not exceed the final maturity date of any Extended Term Loans shall be no earlier than the Stability SupportLatest Maturity Date in effect on the date of incurrence, (iii) the Weighted Average Life to Maturity of any Extended Term Loans shall be no shorter than the remaining Weighted Average Life to Maturity of the Class of Term Loans to which such offer relates, and (iv) any Extended Term Loans may participate on a pro rata basis or a less than pro rata basis (but not greater than a pro rata basis) in any voluntary or mandatory repayments or prepayments hereunder. Upon the effectiveness of any Extension Amendment, this Agreement shall be amended to the extent (but only to the extent) necessary to reflect the existence and terms of the Extended Term Loans evidenced thereby as provided for in Section 10.08(b) and the Administrative Agent shall promptly notify each Lender as to the effectiveness of each Extension Amendment. 6.2.5 Any (g) Upon the effectiveness of any such Loan Extension, the applicable Extending Term Loan Lender’s Term Loan will be automatically designated an Extended Term Loan. The consummation of any Loan Extension Request by the Borrower pursuant to this Section 2.18 shall not constitute voluntary or mandatory payments or prepayments for purposes of this Agreement. The Administrative Agent and the Lenders hereby consent to each Loan Extension as contemplated by this Section 2.18 and hereby waive the requirements of any provision of this Agreement or any other Loan Documents that may otherwise prohibit any Loan Extension, provided that such consent shall not be deemed to be an acceptance by such Lender of any Pro Rata Loan Extension Offer by such Lender. (h) Notwithstanding anything to the contrary set forth in this Agreement or any other Loan Document (including without limitation this Section 2.18), (i) [reserved], (ii) no Extended Term Loan is irrevocable once deliveredrequired to be in any minimum amount or any minimum increment, (iii) any Extending Term Loan Lender may extend all or any portion of its Term Loans pursuant to one or more Pro Rata Loan Extension Offers (subject to applicable proration in the case of over participation) (including the extension of any Extended Term Loan), (iv) there shall be no condition to any Loan Extension at any time or from time to time other than notice to the Administrative Agent of such Loan Extension and the terms of the Extended Term Loan implemented thereby and (v) all Extended Term Loans and all obligations in respect thereof shall be Loan Obligations of the relevant Loan Parties under this Agreement and the other Loan Documents that are secured by the Collateral on a pari passu basis with all other Obligations of the relevant Loan Parties under this Agreement and the other Loan Documents. (i) Each Loan Extension shall be consummated pursuant to procedures set forth in the associated Pro Rata Loan Extension Offer; provided that the Borrower shall cooperate with the Administrative Agent prior to making any Pro Rata Loan Extension Offer to establish reasonable procedures with respect to mechanical provisions relating to such Loan Extension, including, without limitation, timing, rounding and other adjustments.

Loan Extensions. 6.2.1 Until the end of the Availability Period, the Borrower A. Company may at any time during and from time to time request that all or a portion of the period, which starts sixty Term Loans of any Class (60an “Existing Class”) days prior be converted to extend the Loan Maturity Date and ends thirty (30scheduled maturity date(s) days prior to the Loan Maturity Date, send a written request (a "Loan Extension Request") to the Lender of any payment of principal with respect to all or a Loan, portion of any principal amount of such Term Loans (aany such Term Loans which have been so converted, “Extended Term Loans”) confirming that it is apparent that on the Loan Maturity Dateand to provide for other terms consistent with this subsection 2.11. In order to establish any Extended Term Loans, the Borrower will not have received sufficient ex-post contributions raised from Company shall provide a notice to the institutions authorised in Administrative Agent (who shall provide a copy of such notice to each of the 8 OPTION 2: provision between square brackets Lenders of the applicable Existing Class) (an “Extension Request”) setting forth the proposed terms of the Extended Term Loans to be deleted. territories established, on such terms as the Company and the Lenders providing such Extended Term Loans shall agree except (x) the scheduled final maturity date shall be extended and all or any of the Lender in accordance with article 71 scheduled amortization payments of principal of the SRMR Extended Term Loans may be delayed to ensure repayment in full later dates than the scheduled amortization of (i) any outstanding External Borrowings made in accordance with articles 73 and 74 principal of the SRMR Term Loans of such Existing Class (or, with any such delay resulting in case of a cross-border group, the portion of External Borrowings relating corresponding adjustment to the Lender Compartment)scheduled amortization payments reflected in subsection 2.4A, (ii) any amounts outstanding as the case may be, with respect to the financial means Existing Class from which such Extended Term Loans were converted, in each case as more particularly set forth in subsection 2.11C below) and (if anyy) made available (A) the interest margins with respect to the Borrower from temporary transfers between Compartments Extended Term Loans may be higher or lower than the interest margins for the Term Loans of such Existing Class and/or (B) additional fees may be payable to the Lenders providing such Extended Term Loans in accordance with article 7 addition to or in lieu of any increased margins contemplated by the IGApreceding clause (A), in each case, to the extent they relate to provided in the same Resolution Scheme as the relevant Loan to be repaid, and (iii) the Loan for which the Loan Extension Request is made; and (b) requesting that the Loan Maturity Date for the whole or any part of such Loan be extended by a period of twelve (12) Months (the "Proposed Extension"). 6.2.2 The Lender shall agree to such Proposed Extension and for that Loan, the Loan Maturity Date shall be extended by a period of twelve (12) Months commencing on the date of the Loan Maturity Date as it existed immediately prior to such extension (the "Loan Extension"). 6.2.3 Following a first Loan Extension, the Borrower shall have the right to deliver other Loan Extension Requests in compliance with paragraph 6.2.1 (a) and the Lender shall be entitled (but not required) to agree thereto in which case a further Loan Extension will apply in accordance with Clause 6.2.2. 6.2.4 If the Lender has been granted Stability Support, the Loan Extension must not exceed the final maturity date of the Stability Support. 6.2.5 Any Loan Extension Request is irrevocable once delivered.applicable 509265-1822-13506-Active.15159325.22

Loan Extensions. 6.2.1 Until the end of the Availability Period, the Borrower may at any time during the period, which starts sixty (60) days prior to the Loan Maturity Date and ends thirty (30) days prior to the Loan Maturity Date, send a written request (a "“Loan Extension Request"”) to the Lender with respect to a Loan,, 10 (a) confirming that it is apparent that on the Loan Maturity Date, the Borrower will not have received sufficient ex-post contributions raised from the institutions authorised in the 8 OPTION 2: provision between square brackets to be deleted. territories of the Lender in accordance with article 71 of the SRMR to ensure repayment in full of (i) any outstanding External Borrowings made in accordance with articles 73 and 74 of the SRMR (or, in case of a cross-cross- 15 border group, the portion of External Borrowings relating to the Lender Compartment), (ii) any amounts outstanding with respect to the financial means (if any) made available to the Borrower from temporary transfers between Compartments in accordance with article 7 of the IGA, to the extent they relate to the same Resolution Scheme as the relevant Loan to be repaid, and (iii) the Loan 20 for which the Loan Extension Request is made; and (b) requesting that the Loan Maturity Date for the whole or any part of such Loan be extended by a period of twelve (12) Months (the "“Proposed Extension"”). 6.2.2 The Lender shall agree to such Proposed Extension and for that Loan, the Loan Maturity Date shall be extended by a period of twelve (12) Months 25 commencing on the date of the Loan Maturity Date as it existed immediately prior to such extension (the "“Loan Extension"”). 6.2.3 Following a first Loan Extension, the Borrower shall have the right to deliver other Loan Extension Requests in compliance with paragraph paragraph 6.2.1 (a) and the Lender shall be entitled (but not required) to agree thereto in which case a 30 further Loan Extension will apply in accordance with Clause 6.2.2. 6.2.4 If the Lender has been granted Stability Support, the Loan Extension must not exceed the final maturity date of the Stability Support. 6.2.5 Any Loan Extension Request is irrevocable once delivered.