Common use of Notification of Extension Clause in Contracts

Notification of Extension. The Borrower may, by written notice to the Administrative Agent (such notice, an “Extension Notice”) not earlier than 90 days and not later than 30 days prior to (i) the Initial Revolving Maturity Date elect that the Revolving Lenders extend the Revolving Maturity Date for an additional six (6) months from the Initial Revolving Maturity Date (such new Maturity Date, the “First Extended Revolving Maturity Date”) and (ii) the First Extended Revolving Maturity Date elect that the Revolving Lenders extend the Revolving Maturity Date for an additional six (6) months from the First Extended Maturity Date to the Final Maturity Date. The Administrative Agent shall distribute each Extension Notice promptly to the Lenders following its receipt thereof.

Notification of Extension. The Borrower may, by written notice to the Administrative Agent (such notice, an a “Revolver Extension Notice”) not earlier than 90 days and not later than 30 days prior to (i) the Initial Revolving Maturity Date elect that the Revolving Lenders extend the Revolving Maturity Date for an additional six (6) months from the Initial Revolving Maturity Date (such new Revolving Maturity Date, the “First Extended Revolving Maturity Date”) and (ii) the First Extended Revolving Maturity Date elect that the Revolving Lenders extend the Revolving Maturity Date for an additional six (6) months from the First Extended Revolving Maturity Date to the Final Revolving Credit Maturity Date. The Administrative Agent shall distribute each Revolver Extension Notice promptly to the Revolving Lenders following its receipt thereof.