Common use of Request for Extension Clause in Contracts

Request for Extension. The Borrower may by written notice to the Administrative Agent (who shall promptly notify the Lenders) given not more than sixty (60) days and not less than forty-five (45) days prior to any anniversary of the Closing Date, request that each Lender extend the Facility Termination Date for an additional one (1) year from the then existing Facility Termination Date; provided, that the Borrower shall only be permitted to exercise this extension option two (2) times during the term of the Agreement.

Appears in 4 contracts

Samples: Credit Agreement (Kansas City Power & Light Co), Credit Agreement (Great Plains Energy Inc), Credit Agreement (Great Plains Energy Inc)

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Request for Extension. The Borrower may by written notice to the Administrative Agent (who shall promptly notify the Lenders) given not more than sixty (60) 60 days and not less than forty-five (45) 45 days prior to any anniversary of the Closing Date, request that each Lender extend the Facility Termination Date for an additional one (1) year from the then existing Facility Termination Date; provided, that the Borrower shall only be permitted to exercise this extension option two (2) times during the term of the Agreement.

Appears in 3 contracts

Samples: Credit Agreement (Great Plains Energy Inc), Credit Agreement (Great Plains Energy Inc), Credit Agreement (Great Plains Energy Inc)

Request for Extension. The Borrower may may, by written notice (each, an “Extension Notice”) to the Administrative Agent (who shall promptly notify the Lenders) given not more earlier than sixty (60) days and not less than forty-five (45) 60 days prior to any anniversary of the Closing Facility Termination Date then in effect hereunder (the “Extension Date”), request that each Lender extend the Facility Termination Date such Xxxxxx’s Commitment for an additional one (1) year from the then existing Facility Termination Date; provided, that the Borrower shall only be permitted to exercise this extension option two (2) times during the term of the Agreementyear.

Appears in 2 contracts

Samples: Credit Agreement (Otter Tail Corp), Credit Agreement (Otter Tail Corp)

Request for Extension. The Borrower may Borrowers may, by written notice to the Administrative Agent (who shall promptly notify the Lenders) given not more earlier than sixty (60) 60 days and not less later than forty-five (45) 30 days prior to any anniversary of the Closing Date, request that each Lender extend the Facility Termination Date such Lender’s Commitment for an additional one (1) year 364 days from the Expiration Date then existing Facility Termination in effect hereunder (the “Existing Expiration Date; provided, that ”). The number of such requests which may be made by the Borrower Borrowers and agreed to by the Lenders shall only be permitted limited to exercise this extension option two (2) times during the term of the Agreementsuch extensions.

Appears in 1 contract

Samples: Credit Agreement (RPM International Inc/De/)

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Request for Extension. The Borrower may Borrowers may, by written notice to the Administrative Agent (who shall promptly notify the Lenders) given not more earlier than sixty (60) 60 days and not less later than forty-five (45) 30 days prior to any anniversary of the Closing Date, request that each Lender extend the Facility Termination Date such Lxxxxx's Commitment for an additional one (1) year 364 days from the Expiration Date then existing Facility Termination in effect hereunder (the "Existing Expiration Date; provided, that "). The number of such requests which may be made by the Borrower Borrowers and agreed to by the Lenders shall only be permitted limited to exercise this extension option two (2) times during the term of the Agreementsuch extensions.

Appears in 1 contract

Samples: Credit Agreement (RPM International Inc/De/)

Request for Extension. The Borrower may may, by written notice to the Administrative Agent (who shall promptly notify the Lenders) given not more earlier than sixty (60) 45 days and not less later than forty-five (45) 35 days prior to any anniversary of the Closing Commitment Termination Date then in effect hereunder (the “Existing Commitment Termination Date”), request that each Lender extend the Facility such Lender’s Commitment Termination Date for up to an additional one (1) year 60 days from the then existing Facility Existing Commitment Termination Date; provided, that the Borrower shall only be permitted to exercise this extension option two (2) times during the term of the Agreement.

Appears in 1 contract

Samples: Credit Agreement (Power Solutions International, Inc.)

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