Common use of Minimum Extension Requirement Clause in Contracts

Minimum Extension Requirement. If (and only if) the total of the Commitments of the Lenders that have agreed to extend their Maturity Date and the new or increased Commitments of any Additional Commitment Lenders is more than 50% of the aggregate amount of the Commitments in effect immediately prior to the applicable Extension Date, then, effective as of the applicable Extension Date, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date that is 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 “Lender” for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Lender hereunder and shall have the obligations of a Lender hereunder.

Appears in 13 contracts

Samples: Credit Agreement (Revvity, Inc.), Credit Agreement (Perkinelmer Inc), Credit Agreement (Perkinelmer 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 new or increased additional Revolving Credit Commitments of any the Additional Commitment Lenders is shall be more than 50% of the aggregate amount of the Commitments in effect immediately prior to the applicable Extension Effective Date, then, effective as of the applicable Extension Effective Date, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date that is 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 and shall be bound by the provisions of this Agreement as a Lender hereunder and shall have the obligations of a Lender hereunderAgreement.

Appears in 8 contracts

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

Minimum Extension Requirement. If (and only if) the total of the Commitments of the Lenders that have agreed so to extend their Maturity Date (each, an “Extending Lender”) and the new or increased additional Commitments of any the Additional Commitment Lenders is shall be more than 50% of the aggregate amount of the Commitments in effect immediately prior to the applicable Extension Date, then, effective as of the applicable such Extension Date, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date that is one year falling 365 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 “Lender” for all purposes of this Agreement and Agreement; provided, however, that there shall be bound by no change in the provisions Maturity Date of this Agreement as a Lender hereunder and shall have the obligations of a Lender hereunderany Non-Extending Lender.

Appears in 7 contracts

Samples: Credit Agreement (Thermo Fisher Scientific Inc.), Credit Agreement (Thermo Fisher Scientific Inc.), Credit Agreement (Thermo Fisher Scientific Inc.)

Minimum Extension Requirement. If (and only if) the total aggregate amount of the (x) Commitments of the Lenders that have agreed to extend their Maturity Date and the new or increased (y) additional Commitments of any Additional Commitment Lenders is shall be more than 50% of the aggregate amount of the Aggregate Commitments in effect immediately prior to the applicable Extension an Applicable Anniversary Date, then, effective as of the applicable Extension 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 that is 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 “Lender” for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Lender hereunder and shall have the obligations of a Lender hereunderAgreement.

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 Commitments of the Lenders that have agreed to extend their Maturity Date and the new or increased Commitments of any Additional Commitment Lenders is more than 50% of the aggregate amount of the Commitments in effect immediately prior to the applicable Extension Date, then, effective as of the applicable Extension Date, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date that is one year after the Existing Extended 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 “Lender” for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Lender hereunder and shall have the obligations of a Lender hereunder.

Appears in 5 contracts

Samples: Credit Agreement (Fiserv Inc), Credit Agreement (Fiserv Inc), Credit Agreement (PENTAIR PLC)

Minimum Extension Requirement. If (and only if) the total of the Commitments of the Lenders that who have agreed so to extend their the Loan Maturity Date (each, an “Extending Lender”) and the new or increased additional Commitments of any the Additional Commitment Lenders is shall be more than 50% of the aggregate amount of the Commitments in effect immediately prior to the applicable Requested Extension Date, then, effective as of the applicable Requested Extension Date, the Loan Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date that is 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 “Lender” for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Lender hereunder and shall have the obligations of a Lender hereunderCredit Agreement.

Appears in 4 contracts

Samples: Credit Agreement (Barnes Group Inc), Revolving Credit Agreement (Barnes Group Inc), Assignment and Assumption (Barnes Group Inc)

Minimum Extension Requirement. If (and only if) the total of the Commitments in respect of the Revolving Facility Sublimit of the Lenders that have agreed to extend their Maturity Date and the new or increased additional Commitments of any the Additional Commitment Lenders is more than 50% of the aggregate amount of the Commitments Revolving Facility Sublimit in effect immediately prior to the applicable Extension Date, then, effective as of the applicable Extension Date, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date that is 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 “Lender” for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Lender hereunder and shall have the obligations of a Lender hereunder.

Appears in 4 contracts

Samples: Assignment and Assumption (Fluor Corp), Assignment and Assumption Agreement (Fluor Corp), Assignment and Assumption Agreement (Fluor Corp)

Minimum Extension Requirement. If (and only if) the total of the Commitments of the Lenders that have agreed so to extend their Maturity Date (each, an “Extending Lender”) and the new or increased additional Commitments of any the Additional Commitment Lenders is shall be more than 50% of the aggregate principal amount of the Commitments in effect immediately prior to the applicable Extension Existing Maturity Date, then, effective as of the applicable Extension Date, then the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date that is 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 “Lender” for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Lender hereunder and shall have the obligations of a Lender hereunderAgreement.

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 Commitments of the Lenders that have agreed to extend their Maturity Commitment Termination Date and the new or increased Commitments of any Additional Commitment Lenders is more than 50% of the aggregate amount of the Commitments in effect immediately prior to the applicable Extension Date, then, effective as of the applicable Extension Date, the Maturity Commitment Termination Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date that is 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 shall thereupon become a “Lender” for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Lender hereunder and shall have the obligations of a Lender hereunder.

Appears in 3 contracts

Samples: Credit Agreement (Hawaiian Electric Co Inc), Credit Agreement (Hawaiian Electric Co Inc), Credit Agreement (Hawaiian Electric Co Inc)

Minimum Extension Requirement. If (and only if) the total of the Commitments of the Lenders that have agreed so to extend their Commitments in connection with the Maturity Date Extension (each, an “Extending Lender”) and the new or increased additional Commitments of any the Additional Commitment Lenders is shall be more than 50% of the aggregate amount of the Commitments in effect immediately prior to the applicable Extension Notice Date, then, effective as of the applicable Extension Notice Date, or such later date as the Administrative Agent and the Borrower shall agree, the Maturity Date of the Commitments of each Extending Lender and of each Additional Commitment Lender shall be extended to the date that is 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 “Lender” for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Lender hereunder and shall have the obligations of a Lender hereunderAgreement.

Appears in 3 contracts

Samples: Revolving Credit Agreement (EnLink Midstream, LLC), Revolving Credit Agreement (EnLink Midstream, LLC), Credit Agreement (Crosstex Energy Lp)

Minimum Extension Requirement. If (and only if) the total of the Commitments of the Lenders that have agreed so to extend their Existing Maturity Date (each, an “Extending Lender”) and the new or increased additional Commitments of any the Additional Commitment Lenders is shall be more than 50% of the aggregate amount of the Commitments in effect immediately prior to the applicable Extension Date, then, effective as of the applicable Extension Date, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date that is 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 “Lender” for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Lender hereunder and shall have the obligations of a Lender hereunderAgreement.

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 Commitments of the Lenders (other than any Defaulting Lenders) that have agreed to extend their Maturity Termination Date and the new or increased Commitments of any Additional Commitment Lenders is more than 50% of the aggregate amount of the Commitments in effect immediately prior to the applicable Extension Date, then, effective as of the applicable Extension Date, the Maturity Termination Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date that is one year after the Existing Maturity Extended 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 “Lender” for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Lender hereunder and shall have the obligations of a Lender hereunder.

Appears in 3 contracts

Samples: Credit Agreement, Credit Agreement (Harley Davidson Inc), Year Credit Agreement (Harley Davidson Inc)

Minimum Extension Requirement. If (and only if) the total of the Commitments aggregate Loan Exposure of the Lenders that have agreed to extend their Applicable Maturity Date and the new or increased Commitments newly assumed outstanding Loans of any Additional Commitment Lenders is more than 50% of the aggregate amount of the Commitments aggregate Loan Exposure in effect immediately prior to the applicable Extension Date, then, effective as of the applicable Extension Date, the Applicable Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date that is one year after the Existing Extended Maturity Date (except that, if such date is not a Business Day, such Extended Maturity Date as so extended shall be the next preceding Business Day) ), and each Additional Commitment Lender shall thereupon become a “Lender” for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Lender hereunder and shall have the obligations of a Lender hereunder.

Appears in 3 contracts

Samples: Term Loan Agreement (Cooper Companies, Inc.), Term Loan Agreement (Cooper Companies, Inc.), Assignment and Assumption (Cooper Companies, Inc.)

Minimum Extension Requirement. If (and only if) the total of the Commitments of the Lenders that have agreed so to extend their Maturity Date (each, an “Extending Lender”) and the new or increased additional Commitments of any the Additional Commitment Lenders is more shall be not less than 5051% of the aggregate amount of the Commitments in effect immediately prior to the applicable Extension Anniversary Date, then, effective as of the applicable Extension such Anniversary Date, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date that is 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 “Lender” for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Lender hereunder and shall have the obligations of a Lender hereunderAgreement.

Appears in 2 contracts

Samples: Credit Agreement (Lululemon Athletica Inc.), Credit Agreement (Lululemon Athletica Inc.)

Minimum Extension Requirement. If (and only if) the total of the Commitments of the Lenders that have agreed to extend their Maturity Termination Date and the new or increased additional Commitments of any the Additional Commitment Lenders is shall be more than 5080% of the aggregate amount of the Commitments in effect immediately prior to the applicable Extension Existing Termination Date, then, effective as of the applicable Extension Existing Termination Date, the Maturity Termination Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date that is falling one year after the Existing Maturity Termination 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 "Lender" for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Lender hereunder and shall have the obligations of a Lender hereunderAgreement.

Appears in 2 contracts

Samples: Credit Agreement (Nicor Inc), Credit Agreement (Northern Illinois Gas Co /Il/ /New/)

Minimum Extension Requirement. If (and only if) the total of the Commitments of the Lenders that have agreed to extend their Maturity Termination Date and the new or increased additional Commitments of any the Additional Commitment Lenders is shall be more than 5080% of the aggregate amount of the Commitments in effect immediately prior to the applicable Extension Existing Termination Date, then, effective as of the applicable Extension Existing Termination Date, the Maturity Termination Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date that is one year falling 180 days after the Existing Maturity Termination 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 "Lender" for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Lender hereunder and shall have the obligations of a Lender hereunderAgreement.

Appears in 2 contracts

Samples: Day Credit Agreement (Nicor Inc), Day Credit Agreement (Northern Illinois Gas Co /Il/ /New/)

Minimum Extension Requirement. If (and only if) the total of the Commitments of the Lenders that have agreed so to extend the term of their commitments beyond the Scheduled Maturity Date (each, an “Extending Lender”) and the new or increased additional Commitments of any the Additional Commitment Lenders is shall be more than 50% of the aggregate amount of the Commitments in effect immediately prior to the applicable Extension Scheduled Maturity Date, then, effective as of the applicable Extension Scheduled Maturity Date, the Maturity Date term of the Commitment of each Extending Lender and of each Additional Commitment Lender shall be extended to the applicable date that is one year requested by the Company after the Existing Scheduled 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 “Lender” for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Lender hereunder and shall have the obligations of a Lender hereunderAgreement.

Appears in 2 contracts

Samples: Credit Agreement (Aecom Technology Corp), Credit Agreement (Aecom Technology Corp)

Minimum Extension Requirement. If (and only if) the total of the Commitments of the Lenders that have agreed to extend their Maturity Termination Date and the new or increased additional Commitments of any the Additional Commitment Lenders is shall be more than 5080% of the aggregate amount of the Commitments in effect immediately prior to the applicable Extension Existing Termination Date, then, effective as of the applicable Extension Existing Termination Date, the Maturity Termination Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date that is one year falling 210 days after the Existing Maturity Termination 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 "Lender" for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Lender hereunder and shall have the obligations of a Lender hereunderAgreement.

Appears in 2 contracts

Samples: Day Credit Agreement (Northern Illinois Gas Co /Il/ /New/), Day Credit Agreement (Nicor Inc)

Minimum Extension Requirement. If (and only if) the total of the Commitments of the Lenders (other than any Defaulting Lenders) that have agreed to extend their Maturity Termination Date and the new or increased Commitments of any Additional Commitment Lenders is more than 50% of the aggregate amount of the Commitments in effect immediately prior to the applicable Extension Date, then, effective as of the applicable Extension Date, the Maturity Termination Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date that is one year after the Existing Maturity 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 “Lender” for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Lender hereunder and shall have the obligations of a Lender hereunder.

Appears in 2 contracts

Samples: Credit Agreement (Harley Davidson Inc), Credit Agreement (Harley Davidson Inc)

Minimum Extension Requirement. If (and only if) the total of the Commitments of the Lenders that have agreed so to extend their Maturity Commitment Termination Date and the new or increased additional Commitments of any the Additional Commitment Lenders is shall be more than 50% of the aggregate amount of the Commitments in effect immediately prior to the applicable Extension Datedate on which such extension becomes effective, then, effective as of the applicable Extension Datesuch date, the Maturity Commitment Termination Date of each Extending extending Lender and of each Additional Commitment Lender shall be extended to the date that is one year after the Existing Maturity Extended Commitment Termination Date (except that, if such date is not a Business Day, such Maturity Extended Commitment Termination Date as so extended shall be the next immediately preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Lender” for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Lender hereunder and shall have the obligations of a Lender hereunderAgreement.

Appears in 2 contracts

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

Minimum Extension Requirement. If (and only if) the total of the Commitments of the Lenders that have agreed so to extend their Existing Maturity Date (each, an “Extending Lender”) and the new or increased additional Commitments of any the Additional Commitment Lenders is shall be more than 50% of the aggregate amount of the Commitments in effect immediately prior to the applicable Extension Date, then, effective as of the applicable Extension Date, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date that is 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 “Lender” for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Lender hereunder and shall have the obligations of a Lender hereunderAgreement.

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 Commitments of the Lenders that have agreed so to extend their Maturity Date and the new or increased additional Commitments of any the Additional Commitment Lenders is shall be more than 50% of the aggregate amount of the Commitments in effect immediately prior to the applicable Extension Date, then, effective as of the applicable Extension Date, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date that is 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 “Lender” for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Lender hereunder and shall have the obligations of a Lender hereunderAgreement.

Appears in 2 contracts

Samples: Credit Agreement (Adobe Inc.), Credit Agreement (Adobe Systems Inc)

Minimum Extension Requirement. If (and only if) the total of the Commitments of the Lenders that have agreed so to extend their Maturity Date and the new or increased additional Commitments of any the Additional Commitment Lenders is shall be more than 50% of the aggregate amount of the Commitments in effect immediately prior to on the applicable Extension Notice Date, then, effective as of the applicable Extension 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 that is 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 “Lender” for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Lender hereunder and shall have the obligations of a Lender hereunderAgreement.

Appears in 1 contract

Samples: Credit Agreement (Continental Resources Inc)

Minimum Extension Requirement. If (and only if) the total of the Commitments of the Lenders that have agreed so to extend their Maturity Date (each, an “Extending Lender”) and the new or increased additional Commitments of any the Additional Commitment Lenders is shall be more than 50% of the aggregate amount of the Aggregate Revolving Commitments in effect immediately prior to the applicable Extension Existing Maturity Date, then, effective as of the applicable Extension Date, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date that is 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 “Lender” for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Lender hereunder and shall have the obligations of a Lender hereunderAgreement.

Appears in 1 contract

Samples: Credit Agreement (International Game Technology)

Minimum Extension Requirement. If (and only if) the total of the Commitments of the Lenders that have agreed so to extend their Maturity Date (each, an “Extending Lender”) and the new or increased additional Commitments of any the Additional Commitment Lenders is shall be more than 50% of the aggregate amount of the Commitments in effect immediately prior to the applicable Extension Date, then, effective as of the applicable such Extension Date, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date that is 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 “Lender” for all purposes of this Agreement and Agreement; provided, however, that there shall be bound by no change in the provisions Maturity Date of this Agreement as a Lender hereunder and shall have the obligations of a Lender hereunderany Non-Extending Lender.

Appears in 1 contract

Samples: Credit Agreement (Dycom Industries Inc)

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Minimum Extension Requirement. If (and only if) the total of the Commitments of the Lenders that have agreed so to extend their Maturity Date (each, an “Extending Lender”) and the new or increased additional Commitments of any the Additional Commitment Lenders is shall be more than 50% of the aggregate amount of the Commitments in effect immediately prior to the applicable Extension Existing Maturity Date, then, effective as of the applicable Extension Existing Maturity Date, the Maturity Date of each Extending Lender and of each Additional Commitment Lender (but not of any Non-Extending Lender) shall be extended to the date that is 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 “Lender” for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Lender hereunder and shall have the obligations of a Lender hereunderAgreement.

Appears in 1 contract

Samples: Credit Agreement (Avnet Inc)

Minimum Extension Requirement. If (and only if) the total of the Commitments of the Lenders that have agreed so to extend their Stated Maturity Date and (without regard to the new or increased Commitments Commitment of any Additional Commitment Lenders is Lender) shall be more than 50% of the aggregate amount of the Commitments in effect immediately prior to the applicable Extension Anniversary Date, then, effective as of the applicable Extension Anniversary Date, the Stated Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date that is one year after the Existing Stated Maturity Date (except that, if such date is not a Business Day, such Stated Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Lender” for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Lender hereunder and shall have the obligations of a Lender hereunderAgreement.

Appears in 1 contract

Samples: Credit Agreement (Sunoco Logistics Partners L.P.)

Minimum Extension Requirement. If (and only if) the total of the Commitments of the Lenders that have agreed to extend their Maturity Date and the new or increased Commitments of any Additional Commitment Lenders is more than 50% of the aggregate amount of the Commitments in effect immediately prior to the applicable Extension Date, then, effective as of the applicable Extension Date, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date that is one year after the Existing Extended 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 #9168213v14 75 shall thereupon become a “Lender” for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Lender hereunder and shall have the obligations of a Lender hereunder.

Appears in 1 contract

Samples: Credit Agreement (Fiserv Inc)

Minimum Extension Requirement. If (and only if) the total of the Commitments of the Lenders that have agreed so to extend their Stated Maturity Date and (without regard to the new or increased Commitments Commitment of any Additional Commitment Lenders is Lender) shall be more than 5051% of the aggregate amount of the Commitments in effect immediately prior to the applicable Extension Date, then, effective as of the applicable Extension Date, the Stated Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date that is one year after the Existing Maturity Date (except that, if such date is not a Business Day, such Stated Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Lender” for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Lender hereunder and shall have the obligations of a Lender hereunderAgreement.

Appears in 1 contract

Samples: Credit Agreement (Sunoco Logistics Partners Lp)

Minimum Extension Requirement. If (and only if) the total of the Commitments of the Lenders that have agreed so to extend their Maturity Date (each, an “ Extending Lender ”) and the new or increased additional Commitments of any the Additional Commitment Lenders is shall be more than 50% of the aggregate amount of the Commitments in effect immediately prior to the applicable Extension Date, then, effective as of the applicable such Extension Date, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date that is 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 “Lender“ Lender ” for all purposes of this Agreement and Agreement; provided , however , that there shall be bound by no change in the provisions Maturity Date of this Agreement as a Lender hereunder and shall have the obligations of a Lender hereunderany Non-Extending Lender.

Appears in 1 contract

Samples: Credit Agreement (Dycom Industries Inc)

Minimum Extension Requirement. If (and only if) the total of the Commitments of the Extending Lenders that have agreed to extend their Maturity Date and the new or increased additional Commitments of any the Additional Commitment Lenders is shall be more than 50% of the aggregate amount of the Commitments in effect immediately prior to the applicable Extension Existing Commitment Termination Date, then, effective as of the applicable Extension Existing Commitment Termination Date, the Maturity Commitment Termination Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date that is one year falling 364 days after the Existing Maturity Commitment Termination 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 “Lender” for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Lender hereunder and shall have the obligations of a Lender hereunderAgreement.

Appears in 1 contract

Samples: Credit Agreement (Hanover Insurance Group, Inc.)

Minimum Extension Requirement. If (and only if) the total of the Commitments of the Lenders that have agreed to extend their Maturity Date (each, an “Extending Lender”) and the new or increased additional Commitments of any the Additional Commitment Lenders is shall be more than 50% of the aggregate amount of the Commitments in effect immediately prior to such anniversary of the applicable Extension Closing Date, then, effective as of such anniversary of the applicable Extension Closing Date, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date that is 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 “Lender” for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Lender hereunder and shall have the obligations of a Lender hereunderAgreement.

Appears in 1 contract

Samples: Credit Agreement (Carmax Inc)

Minimum Extension Requirement. If (and only if) the total of the Commitments of the Lenders that have agreed so to extend their Maturity Date and the new or increased additional Commitments of any the Additional Commitment Lenders is shall be more than 50% sixty percent (60%) of the aggregate amount of the Commitments in effect immediately prior to the applicable Extension Existing Maturity Date, then, effective as of the applicable Extension Existing Maturity Date, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date that is one year falling two (2) years 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 “Lender” for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Lender hereunder and shall have the obligations of a Lender hereunderAgreement.

Appears in 1 contract

Samples: Credit Agreement (Hni Corp)

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

Appears in 1 contract

Samples: Credit Agreement (Macquarie Infrastructure Corp)

Minimum Extension Requirement. If (and only if) the total of the applicable Commitments of the Lenders that have agreed to extend their Applicable Maturity Date and the new or increased Commitments of any Additional Commitment Lenders is more than at least fifty percent (50% %) of the aggregate amount of the Commitments in effect immediately prior to the applicable Extension Date, then, effective as of the applicable Extension Date, the Applicable Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date that is one year after the Existing Extended Maturity Date (except that, if such date is not a Business Day, such Extended Maturity Date as so extended shall be the next preceding Business Day) ), and each Additional Commitment Lender shall thereupon become a "Lender" for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Lender hereunder and shall have the obligations of a Lender hereunder.

Appears in 1 contract

Samples: Revolving Credit Agreement (Millicom International Cellular Sa)

Minimum Extension Requirement. If (and only if) the total of the Commitments of the Lenders that have agreed so to extend their Maturity Date and the new or increased additional Commitments of any the Additional Commitment Lenders is more than 50% of shall constitute the aggregate amount of Required Lenders, then Agent shall notify Borrower and the Commitments in effect immediately prior to the applicable Extension Date, then, effective as of the applicable Extension Date, Lenders that the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be is extended to the date that is one year after the Existing Requested 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 "Lender" for all purposes of this Agreement and Agreement. The date of each such notice from Agent shall be bound by constitute the provisions effective date of this Agreement as a each such change in the Maturity Date (the "Extension Effective Date"). Agent shall note the Maturity Date of each Lender hereunder and shall have on the obligations of a Lender hereunderRecord.

Appears in 1 contract

Samples: Credit Construction Loan Agreement (Wci Communities Inc)

Minimum Extension Requirement. If (and only if) the total of the Commitments of the Lenders that have agreed so to extend their Maturity Date and the new or increased additional Commitments of any the Additional Commitment Lenders is shall be more than 50% of the aggregate amount of the Commitments in effect immediately prior to the applicable Extension Notice Date, then, effective as of the applicable Extension Applicable Anniversary Date, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date that is 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 “Lender” for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Lender hereunder and shall have the obligations of a Lender hereunderAgreement.

Appears in 1 contract

Samples: Credit Agreement (Idex Corp /De/)

Minimum Extension Requirement. If (and only if) the total of the Commitments of the Lenders that have agreed so to extend their Maturity Date and the new or increased additional Commitments of any the Additional Commitment Lenders is shall be more than 50% of the aggregate amount of the Commitments in effect immediately prior to the applicable Extension Date, then, effective as of the applicable Extension Date, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date that is 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 “Lender” for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Lender hereunder and shall have the obligations of a Lender hereunderAgreement.

Appears in 1 contract

Samples: Credit Agreement (Hni Corp)

Minimum Extension Requirement. If (and only if) the total of the Commitments of the Lenders (including, without duplication, the Additional Commitment Lenders) that have agreed to extend their Maturity Date and the new or increased Commitments of any Additional Commitment Lenders is more than 50% of the aggregate amount of the Commitments in effect immediately prior to the applicable Extension Date, then, effective as of the applicable Extension Date, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date that is 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 “Lender” for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Lender hereunder and shall have the obligations of a Lender hereunder.

Appears in 1 contract

Samples: Credit Agreement (DENTSPLY SIRONA Inc.)

Minimum Extension Requirement. If (and only if) the total of the Commitments of the Lenders that have agreed so to extend their Maturity Date and the new or increased additional Commitments of any the Additional Commitment Lenders is shall be more than 50% of the aggregate amount of the Commitments in effect immediately prior to the applicable Extension Notice Date, then, effective as of the applicable Extension DateMaturity Date then in effect, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date that is 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 “Lender” for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Lender hereunder and shall have the obligations of a Lender hereunder.

Appears in 1 contract

Samples: Credit Agreement (Thomas & Betts Corp)

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