Common use of Request for Extension of Maturity Clause in Contracts

Request for Extension of Maturity. Following receipt by the Administrative Agent of a written request from the Borrower, given by the Borrower no earlier than six (6) months prior to the Final Maturity Date, each Lender agrees to consider, in accordance with the customs and standards of such Lender in effect at such time for loans of a similar nature to the Loan and subject to each Lender's complete approval process, a request by the Borrower to extend the Final Maturity Date. The Administrative Agent and Lenders might charge the Borrower fees to process any such request or to grant any such extension.

Appears in 1 contract

Samples: Credit Agreement (Gateway Energy Corp/Ne)

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Request for Extension of Maturity. 2.9.1 Following receipt by the Administrative Agent Lender of a written request from the Borrower, given by the Borrower no earlier than six (6) 15 months prior to the Final Maturity Date, each the Lender agrees to consider, in accordance with the customs and standards of such the Lender in effect at such time for loans of a similar nature to the Loan and subject to each the Lender's complete approval process, a request by the Borrower to extend the Final Maturity Date. The Administrative Agent and Lenders might Lender may charge the Borrower fees to process in connection with any such request or to grant any such extension.

Appears in 1 contract

Samples: Credit Agreement (Gulfwest Energy Inc)

Request for Extension of Maturity. 2.10.1. Following receipt by the Administrative Agent Lender of a written request from the Borrower, given by the Borrower no earlier than six (6) months prior to the Final Maturity Date, each the Lender agrees to consider, in accordance with the customs and standards of such the Lender in effect at such time for loans of a similar nature to the Loan and subject to each the Lender's ’s complete approval process, a request by the Borrower to extend the Final Maturity Date. The Administrative Agent and Lenders Lender might charge the Borrower fees to process any such request or to grant any such extension.

Appears in 1 contract

Samples: Credit Agreement (Reef Oil & Gas Income & Development Fund III LP)

Request for Extension of Maturity. Following receipt by the Administrative Agent Lender of a written request from the Borrower, given by the Borrower no earlier than six (6) months prior to the Final Maturity Date, each the Lender agrees to consider, in accordance with the customs and standards of such the Lender in effect at such time for loans of a similar nature to the Loan and subject to each the Lender's ’s complete approval process, a request by the Borrower to extend the Final Maturity Date. The Administrative Agent and Lenders Lender might charge the Borrower fees to process any such request or to grant any such extension.

Appears in 1 contract

Samples: Credit Agreement (Reef Oil & Gas Drilling & Income Fund, L.P.)

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Request for Extension of Maturity. Following receipt by the Administrative Agent of a written request from the Borrower, given by the Borrower no earlier than six (6) months prior to the Final Maturity Date, each Lender agrees to consider, in accordance with the customs and standards of such Lender in effect at such time for loans of a similar nature to the Loan and subject to each Lender's ’s complete approval process, a request by the Borrower to extend the Final Maturity Date. The Administrative Agent and Lenders might charge the Borrower fees to process any such request or to grant any such extension.

Appears in 1 contract

Samples: Credit Agreement (Lynden Energy Corp.)

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