Common use of Notification by Administrative Agent Clause in Contracts

Notification by Administrative Agent. The Administrative Agent shall notify the Borrower of each Lender’s determination under this Section no later than the date 30 days prior to the Existing Maturity Date (or, if such date is not a Business Day, on the next preceding Business Day). Upon such notification, subject to the provisions of clause (e) below, the Existing Maturity Date of each Lender that has elected to agree to such extension (an “Extending Lender”) shall be automatically so extended without further action on the part of the Borrower or the Existing Lender(s).

Appears in 5 contracts

Samples: Credit Agreement (Piedmont Natural Gas Co Inc), Credit Agreement (Piedmont Natural Gas Co Inc), Assignment and Assumption (Piedmont Natural Gas Co Inc)

AutoNDA by SimpleDocs

Notification by Administrative Agent. The Administrative Agent shall notify the Borrower of each Lender’s determination under this Section no later than the date 30 days prior to that is ten (10) Business Days after the Existing Maturity Notice Date (or, if such date is not a Business Day, on the next preceding Business Day). Upon receipt of such notification, subject to notice from the provisions of clause (e) belowAdministrative Agent, the Existing Maturity Date of each Lender that has elected to agree to such extension (an “Extending Lender”) Borrower shall be automatically so extended without further action on determine the part date of the effectiveness of any extension, which date the Borrower or may elect to delay in its sole discretion (such effective date to be referred to herein as the Existing Lender(s“Extension Date”).

Appears in 5 contracts

Samples: Assignment and Assumption (TJX Companies Inc /De/), Revolving Credit Agreement (TJX Companies Inc /De/), Assignment and Assumption (TJX Companies Inc /De/)

Notification by Administrative Agent. The Administrative Agent shall notify the Borrower in writing of each Lender’s determination under this Section 5.16 promptly, but in no event later than two (2) Business Days after the Notice Date. Upon receipt of the responses of the applicable Lenders, the Administrative Agent and the Borrower shall determine the date 30 days prior to upon which the Existing Maturity Date (orrelevant extension, if applicable, shall be effective (the “Extension Effective Date”), which such date is shall not a Business Day, on (unless agreed by the next preceding Business Day). Upon such notification, subject to relevant Lenders and the provisions of clause Administrative Agent) be earlier than ten (e10) below, days after the Existing Maturity Date of each Lender that has elected to agree to such extension (an “Extending Lender”) shall be automatically so extended without further action on the part of the Borrower or the Existing Lender(s)Notice Date.

Appears in 4 contracts

Samples: Credit Agreement (Cadre Holdings, Inc.), Credit Agreement (Cadre Holdings, Inc.), Credit Agreement (Cadre Holdings, Inc.)

Notification by Administrative Agent. The Administrative Agent shall notify the Borrower of each Lender’s determination under this Section 2.22 no later than the earlier of (i) the date 30 that is 15 days prior to the Existing Maturity applicable Extension Date (or, if such date is not a Business Day, on the next preceding Business Day). Upon such notification, subject to ) and (ii) the provisions of clause (e) below, date that is 5 days following the Existing Maturity Date of each applicable Lender that has elected to agree to such extension (an “Extending Lender”) shall be automatically so extended without further action on the part of the Borrower or the Existing Lender(s)Notice Date.

Appears in 3 contracts

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

Notification by Administrative Agent. The Administrative Agent shall notify the Borrower of each applicable Lender’s determination under this Section no later than the date 30 that is 10 days prior to the Existing Maturity applicable Extension Date (or, if such date is not a Business Day, on the next preceding Business Day). Upon such notification, subject to the provisions of clause (e) below, the Existing Maturity Date of each Lender that has elected to agree to such extension (an “Extending Lender”) shall be automatically so extended without further action on the part of the Borrower or the Existing Lender(s).

Appears in 3 contracts

Samples: Credit Agreement (New Fortress Energy Inc.), Credit Agreement (New Fortress Energy Inc.), Credit Agreement (New Fortress Energy Inc.)

Notification by Administrative Agent. The Administrative Agent shall notify the Borrower of each Lender’s determination under this Section no later than the date 30 seven (7) days prior to after the Existing Maturity Notice Date (or, if such the date is not a Business Day, on the next preceding succeeding Business Day). Upon such notification, subject to the provisions of clause (e) below, the Existing Maturity Date of each Lender that has elected to agree to such extension (an “Extending Lender”) shall be automatically so extended without further action on the part of the Borrower or the Existing Lender(s).

Appears in 3 contracts

Samples: Senior Credit Agreement (Unit Corp), Senior Credit Agreement (Unit Corp), Senior Credit Agreement (Unit Corp)

Notification by Administrative Agent. The Administrative Agent shall notify the Borrower of each Lender’s determination under this Section no later than the date 30 day that is ten days prior to the Existing Maturity Extension Date (or, if such date is not a Business Day, on the next preceding Business Day). Upon such notification, subject to the provisions of clause (e) below, the Existing Maturity Date of each Lender that has elected to agree to such extension (an “Extending Lender”) shall be automatically so extended without further action on the part of the Borrower or the Existing Lender(s).

Appears in 2 contracts

Samples: Credit Agreement (Tri-State Generation & Transmission Association, Inc.), Credit Agreement (Tri-State Generation & Transmission Association, Inc.)

Notification by Administrative Agent. The Administrative Agent shall notify the Borrower of each Lender’s determination under this Section no later than the date 30 days ten (10) Business Days prior to the Existing Maturity Relevant Anniversary Date (or, if such date is not a Business Day, on the next immediately preceding Business Day). Upon such notification, subject to the provisions of clause (e) below, the Existing Maturity Date of each Lender that has elected to agree to such extension (an “Extending Lender”) shall be automatically so extended without further action on the part of the Borrower or the Existing Lender(s).

Appears in 2 contracts

Samples: Credit Agreement (Macquarie Infrastructure Corp), Credit Agreement (Macquarie Infrastructure Corp)

Notification by Administrative Agent. The Administrative Agent shall notify the Borrower of each Revolving Lender’s determination under this Section 2.17(b) no later than the date 30 ten (10) days prior to the Existing Maturity applicable Anniversary Date (or, if such date is not a Business Day, on the next preceding Business Day). Upon such notification, subject to the provisions of clause (e) below, the Existing Maturity Date of each Lender that has elected to agree to such extension (an “Extending Lender”) shall be automatically so extended without further action on the part of the Borrower or the Existing Lender(sd).

Appears in 2 contracts

Samples: Credit Agreement (Atlassian Corp), Credit Agreement (Atlassian Corp PLC)

Notification by Administrative Agent. The Administrative Agent shall notify the Borrower of each applicable Lender’s determination under this Section 2.17 no later than the earlier of (i) the date 30 that is 15 days prior to the Existing Maturity applicable Extension Date (or, if such date is not a Business Day, on the next preceding Business Day). Upon such notification, subject to ) and (ii) the provisions of clause (e) below, date that is 5 days following the Existing Maturity Date of each applicable Lender that has elected to agree to such extension (an “Extending Lender”) shall be automatically so extended without further action on the part of the Borrower or the Existing Lender(s)Notice Date.

Appears in 2 contracts

Samples: Credit Agreement (UL Solutions Inc.), Credit Agreement (UL Inc.)

Notification by Administrative Agent. The Administrative Agent shall notify the Borrower in writing of each Lender’s determination under this Section 5.16 promptly, but in no event later than two (2) Business Days after the Notice Date. Upon receipt of the responses of the applicable Lenders, the Administrative Agent and the Borrower shall determine the date 30 days prior to upon which the Existing Maturity Date (orrelevant extension, if applicable, shall be effective (the “Extension Effective Date”), which such date is shall not a Business Day, on (unless agreed by the next preceding Business Day)relevant Lenders and the Administrative Agent) be earlier than ten (10) days after the Notice Date. Upon such notification, subject to the provisions of clause (e) below, the Existing Maturity Date of each Lender that has elected to agree to such extension (an “Extending Lender”) shall be automatically so extended without further action on the part of the Borrower or the Existing Lender(s).​ ​

Appears in 1 contract

Samples: Credit Agreement (Cadre Holdings, Inc.)

Notification by Administrative Agent. The Administrative Agent shall notify the Borrower Borrowing Agent of each Revolving Lender’s determination under this Section 2.17(b) no later than the date 30 ten (10) days prior to the Existing Maturity applicable Anniversary Date (or, if such date is not a Business Day, on the next preceding Business Day). Upon such notification, subject to the provisions of clause (e) below, the Existing Maturity Date of each Lender that has elected to agree to such extension (an “Extending Lender”) shall be automatically so extended without further action on the part of the Borrower or the Existing Lender(s).

Appears in 1 contract

Samples: Credit Agreement (Ansys Inc)

Notification by Administrative Agent. The Administrative Agent shall notify the Borrower in writing of each Lender’s determination under this Section promptly, but in no event later than two (2) Business Days after the Notice Date. Upon receipt of the responses of the applicable Lenders, the Administrative Agent and the Borrower shall determine the date upon which the relevant extension, if applicable, shall be effective (the “Extension Effective Date”), which such date shall not (unless agreed by the relevant Lenders and the Administrative Agent) be earlier than ten (10) days after the Notice Date nor later than the date 30 that is twenty (20) days prior to after the Existing Maturity Date (or, if such date is not a Business Day, on the next preceding Business Day). Upon such notification, subject to the provisions of clause (e) below, the Existing Maturity Date of each Lender that has elected to agree to such extension (an “Extending Lender”) shall be automatically so extended without further action on the part of the Borrower or the Existing Lender(s)Notice Date.

Appears in 1 contract

Samples: Credit Agreement and Security Agreement (Paylocity Holding Corp)

AutoNDA by SimpleDocs

Notification by Administrative Agent. The Administrative Agent shall notify the Borrower Borrowing Agent of each Revolving Lender’s 's determination under this Section 2.17(b) no later than the date 30 ten (10) days prior to the Existing Maturity applicable Anniversary Date (or, if such date is not a Business Day, on the next preceding Business Day). Upon such notification, subject to the provisions of clause (e) below, the Existing Maturity Date of each Lender that has elected to agree to such extension (an “Extending Lender”) shall be automatically so extended without further action on the part of the Borrower or the Existing Lender(s).

Appears in 1 contract

Samples: Credit Agreement (Ansys Inc)

Notification by Administrative Agent. The Administrative Agent shall notify the Borrower in writing of each Lender’s determination under this Section promptly, but in no event later than two (2) Business Days after the Notice Date. Upon receipt of the responses of the applicable Lenders, the Administrative Agent and the Borrower shall determine the date 30 days prior to upon which the Existing Maturity Date (orrelevant extension, if applicable, shall be effective (the “Extension Effective Date”), which such date is shall not a Business Day, on (unless agreed by the next preceding Business Day). Upon such notification, subject to relevant Lenders and the provisions of clause (eAdministrative Agent) below, be earlier than 10 days after the Existing Maturity Date of each Lender that has elected to agree to such extension (an “Extending Lender”) shall be automatically so extended without further action on the part of the Borrower or the Existing Lender(s)Notice Date.

Appears in 1 contract

Samples: Credit Agreement (Richardson Electronics, Ltd.)

Notification by Administrative Agent. The Administrative Agent shall notify the Borrower of each Revolving Lender’s determination under this Section no later than the date 30 that is 10 days prior to following the Existing Maturity Notice Date (or, if such date is not a Business Day, on the next preceding Business Day). Upon such notification, subject to the provisions of clause (e) below, the Existing Maturity Date of each Lender that has elected to agree to such extension (an “Extending Lender”) shall be automatically so extended without further action on the part of the Borrower or the Existing Lender(s).

Appears in 1 contract

Samples: Credit Agreement (Dollar Tree Stores Inc)

Notification by Administrative Agent. The Administrative Agent shall notify the Borrower of each Lender’s determination under this Section no later than the date 30 seven (7) days prior to after the Existing Maturity Notice Date (or, if such date is not a Business Day, on the next preceding succeeding Business Day). Upon such notification, subject to the provisions of clause (e) below, the Existing Maturity Date of each Lender that has elected to agree to such extension (an “Extending Lender”) shall be automatically so extended without further action on the part of the Borrower or the Existing Lender(s).

Appears in 1 contract

Samples: Senior Credit Agreement (Unit Corp)

Notification by Administrative Agent. The Administrative Agent shall notify the Borrower of each Lender’s determination under this Section no later than the date 30 that is 10 days prior to following the Existing Maturity Notice Date (or, if such date is not a Business Day, on the next preceding Business Day). Upon such notification, subject to the provisions of clause (e) below, the Existing Maturity Date of each Lender that has elected to agree to such extension (an “Extending Lender”) shall be automatically so extended without further action on the part of the Borrower or the Existing Lender(s).

Appears in 1 contract

Samples: Credit Agreement (Dollar Tree Inc)

Notification by Administrative Agent. The Administrative Agent shall notify the Borrower of each Lender’s determination under this Section no later than the date 30 10 days prior to the Existing Maturity Applicable Anniversary Date (or, if such date is not a Business Day, on the next preceding Business Day). Upon such notification, subject to the provisions of clause (e) below, the Existing Maturity Date of each Lender that has elected to agree to such extension (an “Extending Lender”) shall be automatically so extended without further action on the part of the Borrower or the Existing Lender(s).

Appears in 1 contract

Samples: Five Year Credit Agreement (Principal Financial Group Inc)

Notification by Administrative Agent. The Administrative Agent shall notify the Borrower in writing of each Lender’s determination under this Section 2.15 promptly, but in no event later than two (2) Business Days after the Notice Date. Upon receipt of the responses of the applicable Lenders, the Administrative Agent and the Borrower shall determine the date 30 days prior to upon which the Existing Maturity Date (orrelevant extension, if applicable, shall be effective (the “Extension Effective Date”), which such date is shall not a Business Day, on (unless agreed by the next preceding Business Day). Upon such notification, subject to relevant Lenders and the provisions of clause (eAdministrative Agent) below, be earlier than 10 days after the Existing Maturity Date of each Lender that has elected to agree to such extension (an “Extending Lender”) shall be automatically so extended without further action on the part of the Borrower or the Existing Lender(s)Notice Date.

Appears in 1 contract

Samples: Credit Agreement (Paycor Hcm, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.