Request for an Extension Sample Clauses

A Request for an Extension clause allows a party to formally seek additional time to fulfill their contractual obligations. Typically, this clause outlines the process for submitting a request, such as requiring written notice and justification for the delay, and may specify any supporting documentation needed. Its core practical function is to provide a clear, agreed-upon mechanism for handling unforeseen delays, thereby reducing disputes and ensuring both parties understand how extensions are managed within the contract.
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Request for an Extension. The Principal Borrower may, by written notice to the Administrative Agent (who shall promptly notify the Lenders) not earlier than ninety (90) days and not later than sixty (60) days prior to (i) the original Maturity Date, request that the Lenders extend the Maturity Date for an additional six (6) months to July 8, 2018 (the “First Extended Maturity Date”), and (ii) the First Extended Maturity Date, request that the Lenders extend the Maturity Date for an additional six (6) months to January 8, 2019, in each case so long as no Default exists at the time of such request.
Request for an Extension. The Principal Borrower may, by written notice to the Administrative Agent (who shall promptly notify the Lenders) not earlier than ninety (90) days and not later than sixty (60) days prior to (i) the original Maturity Date with respect to the Revolving Credit Facility, request that the Lenders extend the Maturity Date with respect to the Revolving Credit Facility for an additional six (6) months to September 18, 2025 (the “First Extended Revolving Maturity Date”), and (ii) the First Extended Revolving Maturity Date, request that the Lenders extend the Maturity Date with respect to the Revolving Credit Facility for an additional six (6) months to March 18, 2026, in each case so long as no Default exists at the time of such request.
Request for an Extension. The Borrower may, by written notice to the Administrative Agent (who shall promptly, but in any event within three Business Days after receipt thereof, deliver a copy of such written notice to each of the Lenders) not earlier than 60 days and not later than 45 days prior to any anniversary of the Closing Date following the first anniversary of the Closing Date, request that, effective as of such anniversary of the Closing Date (the “Extension Date”), each Lender agree to an extension of the Maturity Date then in effect hereunder (the “Existing Maturity Date”) for an additional 364 days from the Existing Maturity Date (the “New Maturity Date”); provided that the Borrower may not extend the Maturity Date pursuant to this Section 2.17 more than two times.
Request for an Extension. The Borrower may, from time to time and provided there is no Default which is continuing, request an extension of the Revolving Facility Maturity Date of each Lender that is not then a Non-Agreeing Lender (a "Revolving Lender") by sending to the Agent and, if applicable, the Operating Lender, a Request for Extension in duplicate not more than once per calendar year and the Agent shall forthwith notify such Revolving Lenders of such request and each such Revolving Lender shall acknowledge receipt of such notification. Each such Revolving Lender shall advise the Agent as to whether it agrees with such request within thirty (30) days of being notified of the Borrower's Request for Extension; provided that in the event such Revolving Lender does not so advise the Agent within such thirty (30) day period, such Revolving Lender shall be deemed to have advised the Agent that it is not prepared to make an offer to the Borrower to extend its Revolving Facility Maturity Date. Within two (2) Business Days of the Agent receiving from each such Revolving Lender its decision with respect to making an offer to the Borrower to extend its Revolving Facility Maturity Date, the Agent shall, subject to Section 3.3(b), provide the Borrower with an offer to extend the applicable Revolving Facility Maturity Date in accordance with Section 3.3(c) or 3.3(d), as the case may be, and the Borrower, subject to Section 3.3(f) shall within 20 days of receipt of such offer from the Agent (or such other period of time as may be agreed to by the Borrower and the Majority Lenders), notify the Agent as to its acceptance or rejection of the conditions or amendments, if any, stipulated by the Lenders therein.‌
Request for an Extension. The Borrower may, from time to time and provided there is no Default which is continuing, request an extension of the Term Facility Maturity Date of the Term Lender by sending to the Agent a Request for Extension in duplicate not more than once per calendar year concurrently with the Request for Extension to the Revolving Lenders pursuant to Section 3.3(a) and the Agent shall forthwith notify the Term Lender of such request and the Term Lender shall acknowledge receipt of such notification. The Term Lender shall advise the Agent as to whether it agrees with such request within thirty (30) days of being notified of the Borrower's Request for Extension; provided that in the event the Term Lender does not so advise the Agent within such thirty (30) day period, the Term Lender shall be deemed to have advised the Agent that it is not prepared to make an offer to the Borrower to extend its Term Facility Maturity Date. Within two‌
Request for an Extension. The Principal Borrower may, by written notice to the Administrative Agent (who shall promptly notify the Lenders) not earlier than ninety (90) days and not later than sixty (60) days prior to (i) the original Maturity Date with respect to the Revolving Credit Facility, request that the Lenders extend the Maturity Date with respect to the Revolving Credit Facility for an additional six (6) months to July 25, 2028 (the “First Extended Revolving Maturity Date”), (ii) the First Extended Revolving Maturity Date, request that the Lenders extend the Maturity Date with respect to the Revolving Credit Facility for an additional six (6) months to January 25, 2029, (iii) the original Maturity Date with respect to the Term A-1 Facility, request that the Lenders extend the Maturity Date with respect to the Term A-1 Facility for an additional twelve (12) months to January 4, 2030 (the “First Extended Term A-1 Maturity Date”), and (iv) the First Extended Term A-1 Maturity Date, request that the Lenders extend the Maturity Date with respect to the Term A-1 Facility for an additional twelve (12) months to January 3, 2031.