Common use of Minimum Extension Requirement Clause in Contracts

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

Appears in 3 contracts

Samples: Five Year Credit Agreement (ManpowerGroup Inc.), Five Year Credit Agreement (ManpowerGroup Inc.), Five Year Credit Agreement (ManpowerGroup Inc.)

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

Appears in 3 contracts

Samples: Credit Agreement (Interpublic Group of Companies, Inc.), Credit Agreement (Interpublic Group of Companies, Inc.), Credit Agreement (Interpublic Group of Companies, Inc.)

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

Appears in 3 contracts

Samples: Credit Agreement (Celgene Corp /De/), Credit Agreement (Celgene Corp /De/), Credit Agreement (Emc Corp)

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

Appears in 2 contracts

Samples: Credit Agreement (Interpublic Group of Companies, Inc.), Credit Agreement (Interpublic Group of Companies, Inc.)

Minimum Extension Requirement. If (and only if) the total of the Revolving Commitments of the Lenders that have agreed so to extend their Termination Date and the additional Revolving Commitments of the Assuming Additional Commitment Lenders shall be more than 5080% of the aggregate amount of the Revolving Commitments in effect immediately prior to the applicable Anniversary Existing Termination Date, then, effective as of such Anniversary the Existing Termination Date, the Termination Date of each Extending Lender and of each Assuming Additional Commitment Lender shall be extended to the date falling one year 210 days after the Existing Termination Date in effect for such Lenders (except that, if such date is not a Business Day, such Termination Commitment Date as so extended shall be the next preceding Business Day) and each Assuming Additional Commitment Lender shall thereupon become a "Lender" for all purposes of this Agreement.

Appears in 2 contracts

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

Minimum Extension Requirement. If (and only if) the total of the Revolving Commitments of the Lenders that have agreed so to extend their Termination Date and the additional Revolving Commitments of the Assuming Additional Commitment Lenders shall be more than 5080% of the aggregate amount of the Revolving Commitments in effect immediately prior to the applicable Anniversary Existing Termination Date, then, effective as of such Anniversary the Existing Termination Date, the Termination Date of each Extending Lender and of each Assuming 21 Additional Commitment Lender shall be extended to the date falling one year 364 days after the Existing Termination Date in effect for such Lenders (except that, if such date is not a Business Day, such Termination Commitment Date as so extended shall be the next preceding Business Day) and each Assuming Additional Commitment Lender shall thereupon become a "Lender" for all purposes of this Agreement.

Appears in 2 contracts

Samples: 364 Day Credit Agreement (Nicor Inc), 364 Day Credit Agreement (Northern Illinois Gas Co /Il/ /New/)

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

Appears in 2 contracts

Samples: Loan Agreement (Lithia Motors Inc), Loan Agreement (Lithia Motors Inc)

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

Appears in 2 contracts

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

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

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (Royal Caribbean Cruises LTD)

Minimum Extension Requirement. If (and only if) the total of the Revolving Commitments of the Lenders that have agreed so to extend their Termination Date and the additional Revolving Commitments of the Assuming Additional Commitment Lenders shall be more than 5080% of the aggregate amount of the Revolving Commitments in effect immediately prior to the applicable Anniversary Existing Termination Date, then, effective as of such Anniversary the Existing Termination Date, the Termination Date of each Extending Lender and of each Assuming Additional Commitment Lender shall be extended to the date falling one year 180 days after the Existing Termination Date in effect for such Lenders (except that, if such date is not a Business Day, such Termination Commitment Date as so extended shall be the next preceding Business Day) and each Assuming Additional Commitment Lender shall thereupon become a "Lender" for all purposes of this Agreement.

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 Revolving Commitments of the Lenders that have agreed so to extend their Termination Date Commitment and the additional Revolving Commitments of the Assuming Additional Commitment Lenders shall be more than 50% of the aggregate amount of the Revolving Commitments in effect immediately prior to the applicable Anniversary DateAggregate Outstandings, then, effective as of such Anniversary Datethe effective date of the extension amendment and restatement, the Stated Termination Date of each Extending Lender and of each Assuming Additional Commitment Lender shall be extended to the date falling one year after the new Stated Termination Date specified in effect for such Lenders amendment and restatement (except that, if such date is not a Business Day, such Termination Date date as so extended shall be the next preceding Business Day) and each Assuming Additional Commitment Lender shall thereupon become a "Lender" for all purposes of this Agreement.

Appears in 1 contract

Samples: Reimbursement and Credit Agreement (Cemex Sa De Cv)

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

Appears in 1 contract

Samples: Long Term Credit Agreement (Whirlpool Corp /De/)

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

Appears in 1 contract

Samples: Long Term Credit Agreement (Whirlpool Corp /De/)

Minimum Extension Requirement. If (and only if) the total of the Revolving Commitments of the Lenders that have agreed so to extend their Commitment Termination Date and the additional Revolving Commitments of the Assuming Additional Commitment Lenders shall be more than 5065% of the aggregate amount of the Revolving Commitments in effect immediately prior to the applicable Anniversary Existing Commitment Termination Date, then, effective as of such Anniversary the Existing Commitment Termination Date, the Commitment Termination Date of each Extending Lender and of each Assuming Lender shall be extended to the date falling one year 364 days after the Existing Commitment Termination Date in effect for such Lenders (except that, if such date is not a Business Day, such Termination Commitment Date as so extended shall be the next preceding Business Day) and each Assuming Additional Commitment Lender shall thereupon become a "Lender" for all purposes of this Agreement.

Appears in 1 contract

Samples: 364 Day Credit Agreement (International Paper Co /New/)

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Minimum Extension Requirement. If (and only if) the total of the Revolving Commitments of the Lenders that have agreed so to extend their Commitment Termination Date and the additional Revolving Commitments of the Assuming Additional Commitment Lenders shall be more than 5065% of the aggregate amount of the Revolving Commitments in effect immediately prior to the applicable Relevant Anniversary Date, then, effective as of such the Relevant Anniversary Date, the Commitment Termination Date of each Extending Lender and of each Assuming Lender shall be extended to the date falling one year 364 days after the Existing Commitment Termination Date in effect for such Lenders (except that, if such date is not a Business Day, such Termination Commitment Date as so extended shall be the next preceding Business Day) and each Assuming Additional Commitment Lender shall thereupon become a "Lender" for all purposes of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (International Paper Co /New/)

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

Appears in 1 contract

Samples: Credit Agreement (Everest Re Group LTD)

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

Appears in 1 contract

Samples: Credit Agreement (RPM International Inc/De/)

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

Appears in 1 contract

Samples: Credit Agreement (CalAtlantic Group, Inc.)

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

Appears in 1 contract

Samples: Credit Agreement (Interpublic Group of Companies, Inc.)

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

Appears in 1 contract

Samples: 364 Day Credit Agreement (Aflac Inc)

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

Appears in 1 contract

Samples: Credit Agreement (Yahoo Inc)

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

Appears in 1 contract

Samples: Long Term Credit Agreement (Whirlpool Corp /De/)

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

Appears in 1 contract

Samples: Credit Agreement (Ryland Group Inc)

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