Common use of Minimum Extension Requirement Clause in Contracts

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Lenders that have agreed so to extend their Maturity Date (each, an “Extending Lender”) and the additional Revolving Credit Commitments of the Additional Commitment Lenders shall be more than 50% of the aggregate amount of the Commitments in effect immediately prior to the Effective Date, then, effective as of the Effective Date, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date falling one year after the Existing Maturity Date (except that, if such date is not a Business Day, such Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 8 contracts

Samples: Credit Agreement (Envista Holdings Corp), Credit Agreement (Envista Holdings Corp), Credit Agreement (Vontier Corp)

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Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Revolving Credit Lenders that have agreed so to extend their Maturity scheduled Termination Date (each, an “Extending Lender”) and the additional Revolving Credit Commitments of the Additional Commitment Assuming Lenders shall be more than 50% of the aggregate amount of the Revolving Credit Commitments in effect immediately prior to the Effective applicable Extension Date, then, effective as of the Effective such Extension Date, the Maturity scheduled Termination Date of each Extending Lender and of each Additional Commitment Assuming Lender shall be extended to the date falling one year after the Existing Maturity scheduled Termination Date in effect for such Lenders (except that, if such date is not a Business Day, such Maturity Termination Date as so extended shall be the next preceding Business Day) and each Additional Commitment Assuming Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 8 contracts

Samples: Fifth Amendment to Credit Agreement (Science Applications International Corp), Credit Agreement (Science Applications International Corp), Credit Agreement (Science Applications International Corp)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Lenders that have agreed so to extend their Maturity Date (each, an “Extending Lender”) and the additional Revolving Credit Commitments of the Additional Commitment Lenders shall be more than 50% of the aggregate amount of the Commitments in effect immediately prior to the Effective Date, then, effective as of the Effective Date, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date falling one year after the Existing Maturity Date (except that, if such date is not a Business Day, such Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 6 contracts

Samples: Credit Agreement (Veralto Corp), Credit Agreement (Danaher Corp /De/), Credit Agreement (W.W. Grainger, Inc.)

Minimum Extension Requirement. If (and only if) the total aggregate amount of the Revolving Credit (x) Commitments of the Lenders that have agreed so to extend their Maturity Date and (each, an “Extending Lender”y) and the additional Revolving Credit Commitments of the Additional Commitment Lenders shall be more than 50% of the aggregate amount of the Aggregate Commitments in effect immediately prior to the Effective an Applicable Anniversary Date, then, effective as of the Effective DateExisting Maturity Date of each such Extending Lender, the Maturity Date of each such Extending Lender and of each such Additional Commitment Lender shall be extended to the date falling one year after the Existing Maturity Date of each such Extending Lender (except that, if such date is not a Business Day, such Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 6 contracts

Samples: Credit Agreement (ONE Gas, Inc.), Credit Agreement (ONE Gas, Inc.), Credit Agreement (ONE Gas, Inc.)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Lenders that have agreed so to extend their Maturity Date (each, an “Extending Lender”) and the additional Revolving Credit Commitments of the Additional Commitment Lenders shall be more than 50% of the aggregate amount of the Commitments in effect immediately prior to the Effective Applicable Anniversary Date, then, effective as of the Effective Applicable Anniversary Date, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date falling one year after the most recent Existing Maturity Date (except that, if such date is not a Business Day, such Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 6 contracts

Samples: Credit Agreement (Analog Devices Inc), Credit Agreement (Analog Devices Inc), Credit Agreement (Analog Devices Inc)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Revolving Credit Lenders that have agreed so to extend their Maturity Termination Date (each, an “Extending Lender”) and the additional Revolving Credit Commitments of the Additional Commitment Assuming Lenders shall be more than 50% of the aggregate amount of the Revolving Credit Commitments in effect immediately prior to the Effective applicable Anniversary Date, then, effective as of the Effective such Anniversary Date, the Maturity Termination Date of each Extending Lender and of each Additional Commitment Assuming Lender shall be extended to the date falling one year after the Existing Maturity existing Termination Date (except that, if such date is not a Business Day, such Maturity Termination Date as so extended shall be the next preceding Business Day) and each Additional Commitment Assuming Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 6 contracts

Samples: Credit Agreement (Hexcel Corp /De/), Credit Agreement (Dollar Tree, Inc.), Credit Agreement (Hexcel Corp /De/)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Lenders that have agreed so to extend their Maturity Date (each, an “Extending Lender”) and the additional Revolving Credit Commitments of the Additional Commitment Lenders shall be more than 50% of the aggregate amount of the Commitments in effect immediately prior to the Effective Existing Maturity Date, then, effective as of the Effective Existing Maturity Date, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date falling one year after the Existing Maturity Date (except that, if such date is not a Business Day, such Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 5 contracts

Samples: Credit Agreement (Reinsurance Group of America Inc), Credit Agreement (Reinsurance Group of America Inc), Credit Agreement (Equifax Inc)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Lenders that have agreed so to extend their Maturity Date (each, an “Extending Lender”) and the additional Revolving Credit Commitments of the Additional Commitment Lenders shall be more than 50% of the aggregate amount of the Commitments in effect immediately prior to the applicable anniversary of the Effective Date, then, effective as of such anniversary of the Effective Date, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date falling one year after the then effective Existing Maturity Date (except that, if such date is not a Business Day, such Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 5 contracts

Samples: Revolving Credit Agreement (Hasbro, Inc.), Revolving Credit Agreement (Hasbro, Inc.), Revolving Credit Agreement (Mattel Inc /De/)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Lenders that have agreed so to extend their Maturity Date (each, an “Extending Lender”) and the additional Revolving Credit Commitments of the Additional Commitment Lenders shall be more than 50% of the aggregate amount of the Aggregate Commitments in effect immediately prior to the Extension Effective Date, then, effective as of the Extension Effective Date, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date falling one year after set forth in the Existing Maturity Date notice to the Lenders under clause (a) above (except that, if such date is not a Business Day, such Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 5 contracts

Samples: Credit Agreement (Qualcomm Inc/De), Credit Agreement (Qualcomm Inc/De), Credit Agreement (Qualcomm Inc/De)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Lenders that have agreed so to extend their Maturity Termination Date (each, an “Extending Lender”) and the additional Revolving Credit Commitments of the Additional Commitment Lenders shall be more than 50% of the aggregate amount of the Revolving Credit Commitments in effect immediately prior to the Effective Extension Date, then, effective as of the Effective Extension Date, the Maturity Termination Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date falling one year after the Existing Maturity existing Termination Date (except that, if such date is not a Business Day, such Maturity Termination Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 5 contracts

Samples: Credit Agreement (International Flavors & Fragrances Inc), Credit Agreement (International Flavors & Fragrances Inc), Credit Agreement (International Flavors & Fragrances Inc)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Lenders that have agreed so to extend their Maturity Date (each, an “Extending Lender”) and the additional Revolving Credit Commitments of the Additional Commitment Lenders shall be more than 50% of the aggregate amount of the Commitments in effect immediately prior to the Effective Applicable Anniversary Date, then, effective as of the Effective Applicable Anniversary Date, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date falling one year after the Existing Maturity Date (except that, if such date is not a Business Day, such Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 4 contracts

Samples: Credit Agreement (Reliance, Inc.), Credit Agreement (Reliance Steel & Aluminum Co), Five Year Credit Agreement (Principal Financial Group Inc)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Lenders that have agreed to so to extend their Maturity Revolving Credit Termination Date (each, an “Extending Lender”) and the additional Revolving Credit Commitments of the Additional Commitment Lenders shall be more than 50% of the aggregate amount of the Revolving Credit Commitments in effect immediately prior to such anniversary of the Effective Closing Date, and the conditions in clause (vi) below are met, then, effective as of such anniversary of the Closing Date (the “Extension Effective Date”), the Maturity Revolving Credit Termination Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date falling one year after the Existing Maturity then current Revolving Credit Termination Date (except that, if such date is not a Business Day, such Maturity Revolving Credit Termination Date as so extended shall be the next immediately preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 4 contracts

Samples: Credit Agreement (J M SMUCKER Co), Revolving Credit Agreement (J M SMUCKER Co), Credit Agreement (J M SMUCKER Co)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Lenders that who have agreed so to extend their the Loan Maturity Date (each, an “Extending Lender”) and the additional Revolving Credit Commitments of the Additional Commitment Lenders shall be more than 50% of the aggregate amount of the Commitments in effect immediately prior to the Effective Requested Extension Date, then, effective as of the Effective Requested Extension Date, the Loan Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date falling one year after the Existing Maturity Date (except that, if such date is not a Business Day, such Loan Maturity Date as so extended shall be the next preceding Business Day) and effective upon the Requested Extension Date, each Additional Commitment Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Credit Agreement.

Appears in 4 contracts

Samples: Credit Agreement (Barnes Group Inc), Senior Unsecured Revolving Credit Agreement (Barnes Group Inc), Senior Unsecured Revolving Credit Agreement (Barnes Group Inc)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Lenders that have agreed so to extend their Maturity Date (each, an “Extending Lender”) and the additional Revolving Credit Commitments of the Additional Commitment Lenders shall be more than 50% of the aggregate amount of the Revolving Commitments in effect immediately prior to the Effective applicable Anniversary Date, then, effective as of the Effective such Anniversary Date, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date falling one year after the Existing Maturity Date (except that, if such date is not a Business Day, such Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 4 contracts

Samples: Credit Agreement (Hecla Mining Co/De/), Credit Agreement (Mosaic Co), Credit Agreement (Hecla Mining Co/De/)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Lenders that have agreed so to extend their Maturity Date (each, an “Extending Lender”) and the additional Revolving Credit Commitments of the Additional Commitment Lenders shall be more than 50% of the aggregate principal amount of the Commitments in effect immediately prior to the Effective Existing Maturity Date, then, effective as of the Effective Date, then the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date falling one year after the Existing Maturity Date (except that, if such date is not a Business Day, such Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 4 contracts

Samples: Credit Agreement (Albemarle Corp), Credit Agreement (Albemarle Corp), Credit Agreement (Albemarle Corp)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Lenders that have agreed so to extend their Maturity Date (each, an “Extending Lender”) and the additional Revolving Credit Commitments of the Additional Commitment Lenders shall be more than 5080% of the aggregate amount of the Commitments in effect immediately prior to the Effective DateAnniversary Date in such Loan Year, then, effective as of the Effective DateAnniversary Date in such Loan Year, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date falling one year after the Existing Maturity Date (except that, if such date is not a Business Day, such Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 4 contracts

Samples: Credit Agreement (Asbury Automotive Group Inc), Credit Agreement (Asbury Automotive Group Inc), Credit Agreement (Asbury Automotive Group Inc)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Appropriate Lenders that have agreed so to extend their Maturity Termination Date (each, an “Extending Lender”) and the additional Revolving Credit Commitments of the Additional Commitment Assuming Lenders shall be more than 50% of the aggregate amount of the Revolving Credit Commitments in respect of the applicable Facility in effect immediately prior to the Effective applicable Anniversary Date, then, effective as of the Effective such Anniversary Date, the Maturity Termination Date of each Extending extending Appropriate Lender and of each Additional Commitment Assuming Lender shall be extended to the date falling one year after the Existing Maturity Termination Date in effect for such Appropriate Lenders (except that, if such date is not a Business Day, such Maturity Termination Date as so extended shall be the next preceding Business Day) and each Additional Commitment Assuming Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 3 contracts

Samples: Credit Agreement (Td Synnex Corp), Credit Agreement (Td Synnex Corp), Credit Agreement (Synnex Corp)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Lenders that have agreed so to extend their Maturity Date (each, an “Extending Lender”) and the additional Revolving Credit Commitments of the Additional Commitment Lenders shall be more than 5066-2/3% of the aggregate amount of the Commitments in effect immediately prior to the Effective DateMaturity Date then in effect, then, effective as of the Effective then-existing Maturity Date, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date falling one year after the Existing Maturity Date then in effect (except that, if such date is not a Business Day, such Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 3 contracts

Samples: Credit Agreement (Dream Finders Homes, Inc.), Credit Agreement (Dream Finders Homes, Inc.), Credit Agreement (Dream Finders Homes, Inc.)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Lenders that have agreed so to extend their Maturity Date (each, an “Extending Lender”) and the additional Revolving Credit Commitments of the Additional Commitment Lenders shall be more not less than 5051% of the aggregate amount of the Commitments in effect immediately prior to the Effective applicable Anniversary Date, then, effective as of the Effective such Anniversary Date, the Maturity Date of each Extending extending Lender and of each Additional Commitment Lender shall be extended to the date falling one year after the Existing Maturity Date then in effect (except that, if such date is not a Business Day, such Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 3 contracts

Samples: Credit Agreement (Advance Auto Parts Inc), Credit Agreement (Advance Auto Parts Inc), Credit Agreement (Advance Auto Parts Inc)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Lenders that have agreed so to extend their Maturity Date (each, an “Extending Lender”) and the additional Revolving Credit Commitments of the Additional Commitment Lenders shall be more than 50% of the aggregate amount of the Commitments in effect immediately prior to the Effective Existing Maturity Date, then, effective as of the Effective applicable Extension Date, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date falling one year 364 days after the Existing Maturity Date (except that, if such date is not a Business Day, such Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 3 contracts

Samples: Credit Agreement (Perkinelmer Inc), Credit Agreement (Perkinelmer Inc), Credit Agreement (Perkinelmer Inc)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Lenders that have agreed so to extend their Maturity Date (each, an “Extending Lender”) and the additional Revolving Credit Commitments of the Additional Commitment Lenders shall be more than 50% of the aggregate amount of the Commitments in effect immediately prior to the Effective Existing Maturity Date, then, effective as of the Effective Existing Maturity Date, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date falling one year 364 days after the Existing Maturity Date (except that, if such date is not a Business Day, such Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 3 contracts

Samples: Credit Agreement (Jacobs Solutions Inc.), Credit Agreement (Precision Castparts Corp), Credit Agreement (Precision Castparts Corp)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Lenders that have agreed so to extend their Maturity Date (each, an “Extending Lender”) and the additional Revolving Credit Commitments of the Additional Commitment Lenders shall be equal to or more than 50% of the aggregate amount of the Commitments in effect immediately prior to the Effective Existing Maturity Date, then, effective as of the Effective Existing Maturity Date, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date falling one year after the Existing Maturity Date (except that, if such date is not a Business Day, such Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 3 contracts

Samples: Credit Agreement (Hunt J B Transport Services Inc), Credit Agreement (Hunt J B Transport Services Inc), Credit Agreement (Hunt J B Transport Services Inc)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Lenders that have agreed so to extend their Existing Maturity Date (each, an “Extending Lender”) and the additional Revolving Credit Commitments of the Additional Commitment Lenders shall be more than 50% of the aggregate amount of the Commitments in effect immediately prior to the Effective Extension Date, then, effective as of the Effective Extension Date, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date falling one year after the Existing Maturity Date (except that, if such date is not a Business Day, such Maturity Date as so extended shall be the next immediately preceding Business Day) and each Additional Commitment Lender (if it is not already a Lender) shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 3 contracts

Samples: Credit Agreement (Brady Corp), Credit Agreement (Brady Corp), Credit Agreement (Brady Corp)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Lenders that have agreed so to extend their Maturity Date (each, an “Extending Lender”) and the additional Revolving Credit Commitments of the Additional Commitment Lenders shall be more than 50% of the aggregate amount of the Commitments in effect immediately prior to the Effective an Applicable Anniversary Date, then, effective as of the Effective DateExisting Maturity Date of each such Extending Lender, the Maturity Date of each such Extending Lender and of each such Additional Commitment Lender shall be extended to the date falling one year after the Existing Maturity Date of each such Extending Lender (except that, if such date is not a Business Day, such Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 3 contracts

Samples: Credit Agreement (ONEOK Partners LP), Credit Agreement (Oneok Inc /New/), Credit Agreement (Oneok Inc /New/)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Revolving Credit Lenders that have agreed so to extend their Maturity Date (each, an “Extending Lender”) and the additional Revolving Credit Commitments of the Additional Commitment Lenders shall be more than 50% of the aggregate amount of the Revolving Credit Commitments in effect immediately prior to the Effective Date, then, effective as of the Effective Date, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date falling one year after the Existing Maturity Date (except that, if such date is not a Business Day, such Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Fortive Corp), Credit Agreement (Fortive Corp), Credit Agreement (Fortive Corp)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Lenders that have agreed so to extend their Maturity Date (each, an “Extending Lender”) and the additional Revolving Credit assigned Commitments of the Additional Commitment Lenders shall be more than 50% of the aggregate amount of the Commitments in effect immediately prior to the Effective then current Maturity Date, then, effective as of the Effective then current Maturity Date, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date falling one year after the Existing then current Maturity Date (except that, if such date is not a Business Day, such Maturity Date as so extended shall be the next immediately preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 2 contracts

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

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Lenders that have agreed so to extend their Maturity Expiration Date (each, an “Extending Lender”) and the additional Revolving Credit Commitments of the Additional Commitment Lenders shall be more than 50% of the aggregate amount of the Revolving Credit Commitments in effect immediately prior to the Effective Existing Expiration Date, then, effective as of the Effective Existing Expiration Date, the Maturity Expiration Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date falling one year 364 days after the Existing Maturity Expiration Date (except that, if such date is not a Business Day, such Maturity Expiration Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 2 contracts

Samples: Revolving Credit Facility Agreement (Chesapeake Utilities Corp), Revolving Credit Facility Agreement (Chesapeake Utilities Corp)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Lenders that have agreed so to extend their Existing Maturity Date (each, an “Extending Lender”) and the additional Revolving Credit Commitments of the Additional Commitment Lenders shall be more than 50% of the aggregate amount of the Commitments in effect immediately prior to the Effective Extension Date, then, effective as of the Effective Extension Date, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date falling one year after the Existing Maturity Date (except that, if such date is not a Business Day, such Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender (if it is not already a Lender) shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Newell Rubbermaid Inc), Credit Agreement (Newell Rubbermaid Inc)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Appropriate Lenders that have agreed so to extend their Maturity Termination Date (each, an “Extending Lender”) and the additional Revolving Credit Commitments of the Additional Commitment Assuming Lenders shall be more than 50% of the aggregate amount of the Revolving Credit Commitments in respect of the applicable Facility in effect immediately prior to the Effective applicable Anniversary Date, then, effective as of the Effective such Anniversary Date, the Maturity Termination Date of each Extending extending Appropriate Lender and of each Additional Commitment Assuming Lender shall be extended to the date falling one year after the Existing Maturity Termination Date in effect for such Appropriate Lenders (except that, if such date is not a Business Day, such Maturity Termination Date as so extended shall be the next preceding Business Day) and each Additional Commitment Assuming Lender shall thereupon become a “Revolving Credit Tranche A Lender” or “Tranche B Lender”, as applicable, for all purposes of this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Jabil Inc), Credit Agreement (Jabil Inc)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Lenders that have agreed so to extend their Maturity Date (each, an “Extending Lender”) and the additional Revolving Credit Commitments of the Additional Commitment Lenders shall be more than 50% of the aggregate amount of the Commitments in effect immediately prior to the Effective first or second anniversary, as applicable, of the Closing Date, then, effective as of such anniversary of the Effective Closing Date, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date falling one year after the Existing Maturity Date (except that, if such date is not a Business Day, such Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Tiffany & Co), Five Year Credit Agreement (Tiffany & Co)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Lenders that have agreed so to extend their Maturity Stated Termination Date (each, an “Extending Lender”) and the additional Revolving Credit Commitments of the Additional Commitment Lenders shall be more than 50% of the aggregate amount of the Revolving Credit Commitments in effect immediately prior to the Effective Extension Date, then, effective as of the Effective Extension Date, the Maturity Stated Termination Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date falling one year after the Existing Maturity Stated Termination Date then applicable to such Lender (except that, if such date is not a Business Day, such Maturity Stated Termination Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (V F Corp), Credit Agreement (V F Corp)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Lenders that have agreed so to extend their Maturity Stated Termination Date (each, an “Extending Lender”) and the additional Revolving Credit Commitments of the Additional Commitment Lenders shall be more than 50% of the aggregate amount of the Commitments Total Commitment in effect immediately prior to the Effective Extension Date, then, effective as of the Effective Extension Date, the Maturity Stated Termination Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date falling one year after the Existing Maturity Stated Termination Date then applicable to such Lender (except that, if such date is not a Business Day, such Maturity Stated Termination Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (V F Corp), Credit Agreement (V F Corp)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Lenders that have agreed so to extend their Revolving Maturity Date (each, an “Extending Lender”) and the additional Revolving Credit Commitments of the Additional Commitment Lenders shall be more than 50% of the aggregate amount of the Revolving Credit Commitments in effect immediately prior to the Effective DateExtension Deadline, then, effective as of the Effective DateExtension Deadline, the Revolving Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date falling one (1) year after the Existing Revolving Maturity Date (except that, if such date is not a Business Day, such Revolving Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Owens Corning), Credit Agreement (Owens Corning)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Lenders that have agreed so to extend their Maturity Date (each, an “Extending Lender”) and the additional Revolving Credit Commitments of the Additional Commitment Lenders shall be more than 5066-2/3% of the aggregate amount of the Commitments in effect immediately prior to the Effective Existing Maturity Date, then, effective as of the Effective Existing Maturity Date, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date falling one year 364 days after the Existing Maturity Date (except that, if such date is not a Business Day, such Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Penson Worldwide Inc), Credit Agreement (Penson Worldwide Inc)

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Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Lenders that have agreed so to extend their Maturity Date (each, an “Extending Lender”) and the additional Revolving Credit Commitments of the Additional Commitment Lenders shall be more than 50% of the aggregate amount of the Commitments in effect immediately prior to the Effective applicable anniversary of the Closing Date, then, effective as of such anniversary of the Effective Closing Date, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date falling one year after the Existing Maturity Date (except that, if such date is not a Business Day, such Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Tiffany & Co), Credit Agreement (Tiffany & Co)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Revolving Lenders that have agreed so to extend their the Revolver Maturity Date (each, an “Extending Lender”) and plus the additional Revolving Credit Commitments of the Additional Commitment Lenders shall be more than 50equals at least 51% of the aggregate amount of the Commitments Revolving Committed Amount in effect immediately prior to the Effective applicable anniversary of the Closing Date, then, effective as of the Effective applicable anniversary of the Closing Date, the Revolver Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date falling one year after the Existing Maturity Date (except that, if such date is not a Business Day, such Revolver Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Red Robin Gourmet Burgers Inc), Credit Agreement (Red Robin Gourmet Burgers Inc)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Appropriate Lenders that have agreed so to extend their Maturity Termination Date (each, an “Extending Lender”) and the additional Revolving Credit Commitments of the Additional Commitment Assuming Lenders shall be more than 50% of the aggregate amount of the Revolving Credit Commitments in respect of the applicable Facility in effect immediately prior to the Effective applicable AnniversaryExtension Date, then, effective as of the Effective such Anniversarythe Extension Date, the Maturity Termination Date of each Extending extending Appropriate Lender and of each Additional Commitment Assuming Lender shall be extended to the date falling one year after the Existing Maturity Termination Date in effect for such Appropriate Lenders (except that, if such date is not a Business Day, such Maturity Termination Date as so extended shall be the next preceding Business Day) and each Additional Commitment Assuming Lender shall thereupon become a “Revolving Credit Tranche A Lender” or “Tranche B Lender”, as applicable, for all purposes of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Jabil Inc)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Lenders that have agreed so to extend their Maturity Date (each, an “Extending Lender”) and the additional Revolving Credit Commitments of the Additional Commitment Lenders shall be more than 50% of the aggregate amount of the Commitments in effect immediately prior to the Effective applicable anniversary of the Closing Date, then, effective as of such anniversary of the Effective Closing Date, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date falling one year after the then effective Existing Maturity Date (except that, if such date is not a Business Day, such Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 1 contract

Samples: Revolving Credit Agreement (Hasbro Inc)

Minimum Extension Requirement. If (and only if) the total of the Commitments with respect to Revolving Credit Commitments Loans of the Revolving Lenders that have agreed so to extend their the Revolver Maturity Date (each, an “Extending Lender”) and the additional Commitments with respect to Revolving Credit Commitments Loans of the Additional Commitment Lenders shall be more than 50at least 51% of the aggregate amount of the Commitments Revolving Committed Amount in effect immediately prior to the Effective applicable anniversary of the Closing Date, then, effective as of the Effective applicable anniversary of the Closing Date, the Revolver Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date falling one year after the Existing Maturity Date (except that, if such date is not a Business Day, such Revolver Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (DCP Midstream Partners, LP)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Revolving Credit Lenders that have agreed so to extend their Maturity Termination Date (each, an “Extending Lender”) and the additional Revolving Credit Commitments of the Additional Commitment Assuming Lenders shall be more than 50% of the aggregate amount of the Revolving Credit Commitments in effect immediately prior to the Effective applicable Anniversary Date, then, effective as of the Effective such Anniversary Date, the Maturity Termination Date of each Extending extending Revolving Credit Lender and of each Additional Commitment Assuming Lender shall be extended to the date falling one year after the Existing Maturity Termination Date in effect for such Revolving Credit Lenders (except that, if such date is not a Business Day, such Maturity Termination Date as so extended shall be the next preceding Business Day) and each Additional Commitment Assuming Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 1 contract

Samples: Five Year Credit Agreement (Jabil Circuit Inc)

Minimum Extension Requirement. If (and only if) the total of the Commitments with respect to Revolving Credit Commitments Loans of the Revolving Lenders that have agreed so to extend their the Revolver Maturity Date (each, an “Extending Lender”) and the additional Commitments with respect to Revolving Credit Commitments Loans of the Additional Commitment Lenders shall be more than 50at least 51% of the aggregate amount of the Commitments Revolving Committed Amount in effect immediately prior to the Effective applicable anniversary of the Closing Date, then, effective as of the Effective applicable anniversary of the Closing Date, the Revolver Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date falling one year after the Existing Maturity Date (except that, if such date is not a Business Day, such Revolver Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Revolving Credit "Lender" for all purposes of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (DCP Midstream Partners, LP)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Lenders that have agreed so to extend their Maturity Date (each, an “Extending Lender”) and the additional Revolving Credit Commitments of the Additional Commitment Lenders shall be more than 50% of the aggregate amount of the Commitments in effect immediately prior to the Effective Anniversary Date, then, effective as of the Effective Anniversary Date, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date falling one year after the Existing Maturity Date (except that, if such date is not a Business Day, such Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Altera Corp)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Lenders that have agreed so to extend their Maturity Date (each, an “Extending Lender”) and the additional Revolving Credit Commitments of the Additional Commitment Lenders shall be more than fifty percent (50% %) of the aggregate amount of the Commitments in effect immediately prior to the Effective Existing Maturity Date, then, effective as of the Effective Existing Maturity Date, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date falling one year 364 days after the Existing Maturity Date (except that, if such date is not a Business Day, such Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Intersil Corp/De)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Lenders that have agreed so to extend their Maturity Date (each, an "Extending Lender") and the additional Revolving Credit Commitments of the Additional Commitment Lenders shall be more than 50% of the aggregate amount of the Commitments in effect immediately prior to the Effective Applicable Anniversary Date, then, effective as of the Effective Applicable Anniversary Date, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date falling one year after the most recent Existing Maturity Date (except that, if such date is not a Business Day, such Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Revolving Credit "Lender" for all purposes of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Analog Devices Inc)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Lenders that have agreed so to extend their Maturity Date (each, an “Extending Lender”) and the additional Revolving Credit Commitments of the Additional Commitment Lenders shall be more than 50% of the aggregate amount of the Commitments in effect immediately prior to the Effective Current Maturity Date, then, effective as of the Effective Extension Effectiveness Date, the Maturity Date in respect of the Revolving Credit Loans of each Extending Lender and of each Additional Commitment Lender shall be extended to the date falling one year after the Existing Current Maturity Date (except that, if such date is not a Business Day, such Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Staples Inc)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Lenders Banks that have agreed so to extend their Maturity Commitment Termination Date (each, an “Extending LenderBank”) and the additional Revolving Credit Commitments of the Additional Commitment Lenders Banks shall be more than fifty percent (50% %) of the aggregate amount of the Commitments in effect immediately prior to the Effective DateFirst Anniversary, then, effective as of the Effective DateFirst Anniversary, the Maturity Commitment Termination Date of each Extending Lender Bank and of each Additional Commitment Lender Bank shall be extended to the date falling one year after the Existing Maturity Commitment Termination Date (except that, if such date is not a Business Day, such Maturity Commitment Termination Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender Bank shall thereupon become a “Revolving Credit LenderBank” for all purposes of this Agreement.

Appears in 1 contract

Samples: Senior Revolving Credit Facility Agreement (Hunt J B Transport Services Inc)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Lenders that have agreed so to extend their Maturity Date (each, an “Extending 56 Lululemon Credit Agreement Lender”) and the additional Revolving Credit Commitments of the Additional Commitment Lenders shall be more not less than 5051% of the aggregate amount of the Commitments in effect immediately prior to the Effective applicable Anniversary Date, then, effective as of the Effective such Anniversary Date, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date falling one year after the Existing Maturity Date then in effect (except that, if such date is not a Business Day, such Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Lululemon Athletica Inc.)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Revolving Credit Lenders that have agreed so to extend their Maturity Date (each, an “Extending Lender”) and the additional Revolving Credit Commitments of the Additional Commitment Lenders shall be more than 50% of the aggregate amount of the Aggregate Commitments in effect immediately prior to the Effective DateExtension Deadline, then, effective as of the Effective DateExtension Deadline, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date falling one (1) year after the Existing Maturity Date (except that, if such date is not a Business Day, such Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Donaldson Co Inc)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Lenders that have agreed so to extend their Maturity Date (each, an "Extending Lender") and the additional Revolving Credit Commitments of the Additional Commitment Lenders shall be more than 50% of the aggregate amount of the Commitments in effect immediately prior to the Effective applicable Anniversary Date, then, effective as of the Effective such Anniversary Date, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date falling one year after the Existing Maturity Date (except that, if such date is not a Business Day, such Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Revolving Credit "Lender" for all purposes of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (O Reilly Automotive Inc)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Lenders that have agreed so to extend their Maturity Date (each, an “Extending Lender”) and the additional Revolving Credit Commitments of the Additional Commitment Lenders shall be more than 50% of the aggregate amount of the Aggregate Revolving Commitments in effect immediately prior to the Effective Existing Maturity Date, then, effective as of the Effective Extension Date, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date falling one year after the Existing Maturity Date (except that, if such date is not a Business Day, such Maturity Date as so extended shall be the next preceding succeeding Business Day) and each Additional Commitment Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (International Game Technology)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Revolving Credit Lenders that have agreed so to extend their Maturity Termination Date (each, an “Extending Lender”) and the additional Revolving Credit Commitments of the Additional Commitment Assuming Lenders shall be more than 50% of the aggregate amount of the Revolving Credit Commitments in effect immediately prior to the Effective applicable Anniversary Date, then, effective as of the Effective such Anniversary Date, the Maturity Termination Date of each Extending extending Revolving Credit Lender and of each Additional Commitment Assuming Lender shall be extended to the date falling one year after the Existing Maturity Termination Date in effect for such Revolving Credit Lenders (except that, if such date is not a Business Day, such Maturity Termination Date as so extended shall be the next preceding Business Day) and each Additional Commitment Assuming Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.. Jabil Credit Agreement 33

Appears in 1 contract

Samples: Five Year Credit Agreement (Jabil Inc)

Minimum Extension Requirement. If (and only if) Only if the total of the Revolving Credit Elected Commitments of the Lenders that have agreed so to extend their the Existing Maturity Date (each, an “Extending Lender”) then in effect and the additional Revolving Credit Elected Commitments of the Additional Commitment Lenders shall be is more than 50% of the aggregate total amount of the Elected Commitments in effect immediately prior to before the Effective DateExisting Maturity Date then in effect, then, effective as of the Effective such Existing Maturity Date, the Maturity Scheduled Facility Termination Date of each Lender (other than each Non-Extending Lender Lender) and of each Additional Commitment Lender shall will be extended to the date falling which is one year after the Existing Maturity Date (except that, if such then in effect. If that date is not a Business Day, such Maturity then the Scheduled Facility Termination Date as so extended shall will be the next preceding Business Day) and each . Each Additional Commitment Lender shall thereupon will as a result become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 1 contract

Samples: Senior Credit Agreement (Unit Corp)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Lenders that have agreed so to extend their Maturity Date (each, an “Extending Lender”) and the additional Revolving Credit Commitments of the Additional Commitment Lenders shall be more than 50% of the aggregate amount of the Commitments in effect immediately prior to the Effective Existing Maturity Date, then, effective as of the Effective Existing Maturity Date, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date falling one year 364 days after the Existing Maturity Date (except that, if such date is not a Business Day, such Maturity Commitment Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Old Dominion Electric Cooperative)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Lenders that have agreed so to extend their Maturity Facility Termination Date (each, an “Extending Lender”) and the additional Revolving Credit Commitments of the Additional Commitment Lenders shall be more than 50% of the aggregate amount of the Commitments in effect immediately prior to the Effective Existing Maturity Date, then, effective as of the Effective Existing Maturity Date, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date falling one year after the Existing Maturity Date (except that, if such date is not a Business Day, such Maturity Facility Termination Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Revolving Credit "Lender" for all purposes of this Agreement.

Appears in 1 contract

Samples: Senior Credit Agreement (Unit Corp)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Lenders that have agreed so to extend their Maturity Date (each, an “Extending Lender”) and the additional Revolving Credit Commitments of the Additional Commitment Lenders shall be more than 50% of the aggregate amount of the Commitments in effect immediately prior to on the Effective Notice Date, then, effective as of the Effective Business Day occurring 12 months prior to the Existing Maturity Date, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date falling one year after the Existing Maturity Date (except that, if such date is not a Business Day, such Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Continental Resources Inc)

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