Common use of Optional Renewal Procedures Clause in Contracts

Optional Renewal Procedures. Borrower may request that the Termination Date be extended for all or a portion of the Commitment to a date which is no later than the 364th day after the then-current Termination Date; PROVIDED THAT, (i) any such extension request shall be made in writing (an "EXTENSION REQUEST") by Borrower and delivered to Administrative Agent no more than 30 days prior to (but no later than 15 days prior to) the then-current Termination Date; (ii) no more than one such Extension Request may be made by Borrower; and (iii) no Extension Request may be made after the Term Conversion Date or which would have the effect of extending the Termination Date to a date later than the last day of the second 364-day period following the Closing Date. Promptly upon receipt of an Extension Request, Administrative Agent shall notify Lenders of such request.

Optional Renewal Procedures. Borrower may request that the Termination Date be extended for all or a portion of the Commitment to a date which is no later than the 364th day after the then-current Termination Date; PROVIDED THAT, (i) any such extension request shall be made in writing (an "EXTENSION REQUEST") by Borrower and delivered to Administrative Agent no more than 30 60 days prior to (but no later than 15 30 days prior to) the then-current Termination Date; (ii) no more than one such Extension Request may be made by Borrower; and (iii) no Extension Request may be made after the Term Conversion Date or which would have the effect of extending the Termination Date to a date later than the last day of then-applicable "TERMINATION DATE" under the second 364Multi-day period following the Closing DateYear Agreement. Promptly upon receipt of an Extension Request, Administrative Agent shall notify Lenders of such request.

Optional Renewal Procedures. Borrower may request that the Termination Date be extended for all or a portion of the Commitment to a date which is no later than the 364th day after the then-current Termination Date; PROVIDED THATprovided that, (i) any such extension request shall be made in writing (an a "EXTENSION REQUEST") by Borrower and delivered to Administrative Agent no more than 30 60 days prior to (but no later than 15 30 days prior to) the then-current Termination Date; (ii) no more than one two such Extension Request Requests may be made by Borrower; and (iii) no Extension Request may be made after the Term Conversion Date or which would have the effect of extending the Termination Date to a date later than the last day of the second third 364-day period following the Closing Date. Promptly upon receipt of an Extension Request, Administrative Agent shall notify Lenders of such request.

Optional Renewal Procedures. Borrower may request that the Termination Date be extended for all or a portion of the Commitment to a date which is no later than the 364th day after the then-current Termination Date; PROVIDED THATprovided that, (i) any such extension request shall be made in writing (an "EXTENSION REQUEST") by Borrower and delivered to Administrative Agent no more than 30 60 days prior to (but no later than 15 30 days prior to) the then-current Termination Date; (ii) no more than one such Extension Request may be made by Borrower; and (iii) no Extension Request may be made after the Term Conversion Date or which would have the effect of extending the Termination Date to a date later than the last day of the second 364-day period following the Closing Date. Promptly upon receipt of an Extension Request, Administrative Agent shall notify Lenders of such request.