Maturity Date Extensions. Prior to (but not less than 60 days nor more than 90 days prior to) the applicable Extension Date, the Borrower may make a written request to the Administrative Agent, who shall forward a copy of each such request to each of the Continuing Lenders, that the Final Maturity Date then in effect be extended to the date occurring twelve (12) months after such existing Final Maturity Date. Such request shall be accompanied by a certificate of a Financial Officer of the Borrower stating that no Default has occurred and is continuing. If, by the date (each, an “Extension Response Date”) which is 30 days prior to the applicable Extension Date, Continuing Lenders which are not Defaulting Lenders holding at least a majority of the Commitments held by Continuing Lenders which are not Defaulting Lenders agree thereto in writing, the Final Maturity Date, and the Maturity Date of each Continuing Lender then consenting, shall be automatically extended to the date occurring twelve (12) months after the then existing Final Maturity Date. In the event that the Borrower has not obtained the requisite percentage of Continuing Lenders to permit an extension by the relevant Extension Response Date, the Borrower may extend the deadline for obtaining such percentage to the 30th day following such Extension Response Date in order to take such actions with respect to any Lender that is a Non-Continuing Lender after giving effect to such Extension Response Date in order to obtain the requisite percentage of Lenders constituting Continuing Lenders to permit such extension (including actions contemplated by Section 2.18). The Administrative Agent shall notify the Borrower and each Lender of the effectiveness of any such extension. No Lender shall be obligated to grant any extensions pursuant to this Section 2.21, and any such extension shall be in the sole discretion of each of them. A Lender’s Maturity Date shall not be so extended pursuant to this Section 2.21 for (x) any Lender that is a Non-Continuing Lender at the time such request for extension is made and (y) any Continuing Lender at the time of such request that has not consented in writing, within the time specified above, to any such request for the extension thereof. It is understood and agreed that the Borrower shall have a total of two (2) opportunities to request an extension pursuant to this Section 2.21 and that each of such extension (if validly effected pursuant to this Section 2.21) shall extend the Final Maturity Da...
Maturity Date Extensions. (a) The term (the “Term”) of the Commitments (and each Bank’s obligations to make Loans and to participate in Letters of Credit hereunder) shall terminate and expire on the Maturity Date. Upon the date of the termination of the Term, any Loans then outstanding (together with accrued interest thereon and all other Obligations) shall be due and payable on such date.
Maturity Date Extensions. Borrower shall have one (1) option to extend the Maturity Date of the Loan, for an additional six (6) month period, upon satisfaction of all of the following conditions: (i) no event of default shall have occurred and is continuing during the term of the Loan, and no act or event shall be then occurring which would be an event of default but for the giving of notice or the passage of time, or both; (ii) the Borrower shall have paid to Lender, a fee in the amount of $25,000 the (“Extension Fee”) for such extension; (iii) the Borrower shall have received an unconditional certificate of occupancy for the use of the Building; (iv) Skechers shall have taken occupancy and commenced to pay rent pursuant to the Lease; (v) revenue from the building shall equal or exceed a 1.40 times to debt coverage ratio using stress tests of the greater of an 8% rate or the 10-year Treasury plus 250 basis points and a 30-year amortization and (vi) the loan to value ratio does not exceed 58% based upon an updated appraisal which may be required by the Lender.
Maturity Date Extensions. Each of the following transactions will occur on the Effective Date after the conditions precedent set forth in Section 10(b) have been satisfied:
Maturity Date Extensions. Borrower may, at any time, request ------------------------ the Lenders to extend the Maturity Date then in effect for an additional one- year period by delivering a written request to Agent. Agent shall promptly deliver to each Lender a copy of any such extension request received by Agent. If a Lender, in its sole and absolute discretion, consents to any Extension Request, such Lender shall so notify Agent in writing not later than any time specified by Agent. Any failure by any Lender so to notify Agent shall be deemed a denial thereof. (Borrower acknowledges and agrees that no Lender has promised, either expressly or impliedly, or has any obligation or commitment, to consent to such a request at any time.) If all Lenders consent to an extension request, Agent shall so notify Borrower and the Lenders and shall prepare an amendment to reflect the requested extension. If no Lender or less than all Lenders shall consent to an extension request, Agent shall so notify Borrower and the Lenders, and the Maturity Date then in effect shall remain in effect.
Maturity Date Extensions. Existing satisfactory subordination agreements may be modified to extend their maturity dates by using either of the following methods: Amend an existing agreement to postpone its scheduled maturity date until a time mutually agreeable to the parties thereto. Bilaterally terminate the existing agreement and execute a new agreement embodying a later scheduled maturity date and terms otherwise identical to those of the former agreement. Under this method, the parties are to simultaneously execute a rider to the new agreement which recites: • Their intent to merely reflect a renewal of the existing agreement, and • That the new agreement involves no transfer of funds or securities between the parties. Under either method, filing with the SEC under subparagraph (c)(6) of Appendix D to SEA Rule 15c3-1 is not required; however, the modifications should be filed with the designated examining authority. Note that any extension of a satisfactory subordination agreement grandfathered pursuant to SEA Rule 15c3-1(g)(1), must be conformed to Appendix D no later than September 1, 1980. See interpretation 15c3-1d(b)(7)/01 for effective date of extended subordination. (SEC Letter to NYSE, November 11, 1976) (No. 77-2, June 1977) SEA Rule 15c3-1d(c)(1)/01 (c)(1) MISCELLANEOUS PROVISIONS (continued) /011 Extensions - Minimum Time Period Under either of the methods for extending the maturity date of satisfactory subordination agreements, it must be extended for a period of not less than one year. (SEC Staff to NYSE) (No. 90-4, June 1990) /02 Principal Amount Increases Parties wishing to increase the principal amount of a subordination agreement should subject the incremental amount to a new agreement conforming in all respects to Appendix D. Filing under SEA Rule 15c3-1d(c)(6) is required for the new subordination. (SEC Letter to NYSE, November 11, 1976) (No. 77-2, June 1977)
Maturity Date Extensions. The Borrower may effect a Maturity Date Extension with respect to one-third (1/3rd) of the Loans that are outstanding on the date that is 60 days prior to the Maturity Date (provided that a minimum of $300,000,000 aggregate principal amount of Loans remains outstanding) for an additional 90) day period by providing notice of such request to the Administrative Agent not more than 60 and not less than 30 days prior to the original Maturity Date (the “Extension Date”). The Maturity Date Extension will not be effective unless:
Maturity Date Extensions. On or before the last Business Day of each December beginning on December 31, 2001, Borrower may request the Lenders to extend the Maturity Date for an additional one-year period. Borrower shall request each such extension by appropriately completing, executing and delivering to Agent a written
Maturity Date Extensions. Provided that an Event of Default has not occurred, the Maker may extend the Maturity Date to the Extended Maturity Date upon not less than ninety (90) days' advance notice to the Holder (the "Extension Notice"), provided that, as of the last day of the calendar month preceding the giving of the Extension Notice (which calendar month for purposes of this determination may be no earlier than
Maturity Date Extensions. The Maturity Date set forth in the Debenture shall be extended in accordance with the April Letter Agreement as follows: (a) from April 3, 2018 to May 7, 2018; (b) in the event that there are any amounts owing under the Debenture after May 7, 2018, then the Maturity Date shall be extended from May 7, 2018 to June 30, 2018; and (c) in the event that there are any amounts owing under the Debenture after June 30, 2018, then the Maturity Date shall be extended from June 30, 2018 to December 31, 2018.
