Common use of Request for Extension Clause in Contracts

Request for Extension. The Borrowers may by written notice to the Administrative Agent (who shall promptly notify the Lenders) given not less than forty-five (45) days prior to any anniversary of the Effective Date, request that each Lender extend the Revolving Loan Maturity Date for an additional one (1) year from the then existing Revolving Loan Maturity Date; provided, that the Borrowers shall only be permitted to exercise this extension option two (2) times during the term of this Agreement; provided, further, that, in no case shall the Revolving Loan Maturity Date exceed five (5) years from any date.

Appears in 2 contracts

Samples: Credit Agreement (Public Service Co of New Hampshire), Credit Agreement (Connecticut Light & Power Co)

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Request for Extension. The Borrowers may Borrower may, by written notice to the Administrative Agent (who shall promptly notify the Lenders) given not less earlier than forty-five (45) 45 days and not later than 35 days prior to any anniversary of the Effective Term Loan Maturity Date or the Revolving Termination Date (each, a “Maturity Date”) then in effect hereunder (each, an “Existing Maturity Date”), request that each applicable Lender extend the Revolving such Lender’s Term Loan Maturity Date or Revolving Termination Date, as applicable, for an additional one (1) year 364 days from the then existing Revolving Loan Maturity Date; provided, that the Borrowers shall only be permitted to exercise this extension option two (2) times during the term of this Agreement; provided, further, that, in no case shall the Revolving Loan Existing Maturity Date exceed five (5) years from any datein respect of the applicable Facility.

Appears in 2 contracts

Samples: Credit Agreement (Cambium Networks Corp), Credit Agreement (Cambium Networks Corp)

Request for Extension. The Borrowers may Borrower may, by written notice to the Administrative Agent (who shall promptly notify the Lenders) given not less earlier than forty-five (45) 45 days and not later than 35 days prior to any anniversary of the Effective Maturity Date then in effect hereunder (the “Existing Maturity Date”), request that each Lender extend such the Revolving Loan Maturity Date for such Xxxxxx’s Loans for an additional one (1) year 364 days from the then existing Revolving Loan Existing Maturity Date; provided, that the Borrowers shall only be permitted to exercise this extension option two (2) times during the term of this Agreement; provided, further, that, in no case shall the Revolving Loan Maturity Date exceed five (5) years from any date.

Appears in 2 contracts

Samples: Credit Agreement (TerrAscend Corp.), Credit Agreement (TerrAscend Corp.)

Request for Extension. The Borrowers may Borrower may, by written notice to the Administrative Agent (who shall promptly notify the Lenders) given not less earlier than forty-five (45) 60 days and not later than 30 days prior to any the second and third anniversary of the Amendment No. 2 Effective Date (each, an “Anniversary Date”), request that each Lender extend such Lender’s Termination Date until April 14, 2027 (the Revolving Loan Maturity first such extended Termination Date for being the “First Extended Termination Date”) and thereafter, until April 14, 2028 (the second such extended Termination Date being the “Second Extended Termination Date” and either such extended Termination Date being an additional one (1) year from the then existing Revolving Loan Maturity “Extended Termination Date; provided, that the Borrowers shall only be permitted to exercise this extension option two (2) times during the term of this Agreement; provided, further, that, in no case shall the Revolving Loan Maturity Date exceed five (5) years from any date”).

Appears in 2 contracts

Samples: Credit Agreement (Jones Lang Lasalle Inc), Credit Agreement (Jones Lang Lasalle Inc)

Request for Extension. The Borrowers Borrower may (unless it has exercised the Term Loan Conversion Option), by written notice to the Administrative Agent (who shall promptly notify the Lenders) given not less earlier than forty-five (45) 60 days and not later than 35 days prior to any anniversary of the Effective Scheduled Termination Date, request that each Lender extend the Revolving Loan Maturity such Lender’s Scheduled Termination Date then in effect for an additional one (1) year from 364 calendar days following the then existing Revolving Loan Maturity Scheduled Termination Date; provided, that the Borrowers shall only be permitted to exercise this extension option two (2) times during the term of this Agreement; provided, further, that, in no case shall the Revolving Loan Maturity Date exceed five (5) years from any date.

Appears in 1 contract

Samples: Credit Agreement (Danaher Corp /De/)

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Request for Extension. The Borrowers may Borrower may, by written notice to the Administrative Agent (who shall promptly notify the Lenders) given Lender not less earlier than forty-five (45) 120 days and not later than 100 days prior to any anniversary of the Effective initial Facility Termination Date then in effect hereunder (the “Existing Maturity Date”), request that each the Lender extend the Revolving Loan Maturity Facility Termination Date for an additional one (1) year twelve months from the then existing Revolving Loan Existing Maturity Date; provided, that the Borrowers shall only be permitted to exercise this extension option two (2) times during the term of this Agreement; provided, further, that, in no case shall the Revolving Loan Maturity Date exceed five (5) years from any date.

Appears in 1 contract

Samples: Credit Agreement

Request for Extension. The Borrowers may Borrower may, by written notice to the Administrative Agent (who shall promptly notify the Lenders) given not less earlier than forty-five (45) 90 days and not later than 30 days prior to any anniversary of the Effective then Applicable Maturity Date (the “Extension Date”), make a one-time request that each such applicable Lender extend the such Lender’s Revolving Loan Maturity Date and/or Term Loan Maturity Date, as the case may be, for an additional one (1) year from the then existing Revolving Loan Applicable Maturity Date currently in effect (the “Existing Maturity Date; provided, that ”) subject to the Borrowers shall only be permitted to exercise this extension option two conditions set forth in clause (2b) times during the term of this Agreement; provided, further, that, in no case shall the Revolving Loan Maturity Date exceed five (5) years from any datebelow.

Appears in 1 contract

Samples: Credit Agreement (Sabra Health Care REIT, Inc.)

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