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)
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 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 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.), Term Loan Agreement (Cooper Companies, 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 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: 5 Year Credit Agreement, 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 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 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 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 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 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 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: Fourth Amended and Restated Credit Agreement (Hni Corp)
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
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
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: Revolving 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 (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
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 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 (Adobe 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
Minimum Extension Requirement. If (and only if) the total of the Commitments of the Lenders that have agreed so to extend their Maturity Expiration 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 such anniversary of the applicable Extension Closing Date, then, effective as of such anniversary of the applicable Closing Date (the "Extension Effective Date"), the Maturity Expiration Date of each Extending Extendingextending Lender and of each Additional Commitment Lender shall be extended to the date that is one year falling 364 days after the Existing Maturity Expiration 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
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
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 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