Request for Extension. The Borrower may, by written notice to the Administrative Agent (such notice, an “Extension Notice”) not earlier than 90 days and not later than 30 days prior to (i) the Initial Revolving Credit Maturity Date, elect to extend the then applicable Revolving Credit Maturity Date for an additional six (6) months beyond the Initial Revolving Credit Maturity Date (such new Revolving Credit Maturity Date, the “First Extended Revolving Credit Maturity Date”) and (ii) the First Extended Revolving Credit Maturity Date, elect to extend the then applicable Revolving Credit Maturity Date for an additional six (6) months beyond the First Extended Revolving Credit Maturity Date to the fifth anniversary of the Closing Date. The Administrative Agent shall distribute any such Extension Notice promptly to the Lenders following receipt thereof.
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Samples: Credit Agreement (Apple Hospitality REIT, Inc.), Credit Agreement (Apple Hospitality REIT, Inc.), Credit Agreement (Apple Hospitality REIT, Inc.)
Request for Extension. The Borrower may, by written notice to the Administrative Agent (such notice, an “Extension Notice”) not earlier than 90 days and not later than 30 days prior to (i) the Initial Maturity Date then in effect hereunder for the Revolving Credit Facility (the “Existing Maturity Date”), elect to request that the Revolving Credit Lenders extend the then applicable Maturity Date for the Revolving Credit Maturity Date Facility for an additional six (6) months beyond the Initial Revolving Credit month period from such Existing Maturity Date (such new Revolving Credit Maturity Date, the “First Extended Revolving Credit Maturity DateDate Extension”) ), and (iiif so extended) the First Extended Revolving Credit Maturity Date, elect to extend the then applicable Revolving Credit Maturity Date for an additional six (6) months beyond the First Extended Revolving Credit Maturity Date month period to the fifth anniversary of the Closing DateDate (the “Second Maturity Date Extension” and together with the First Maturity Date Extension, each a “Maturity Date Extension”). The Administrative Agent shall distribute any such Extension Notice promptly to the Revolving Credit Lenders promptly following its receipt thereof.
Appears in 4 contracts
Samples: Credit Agreement (Acadia Realty Trust), Credit Agreement (Acadia Realty Trust), Credit Agreement (Acadia Realty Trust)
Request for Extension. The Borrower may, by written notice to the Administrative Agent (such notice, an a “Revolving Credit Extension Notice”) not earlier than 90 days and not later than 30 days prior to the Maturity Date then in effect hereunder for the Revolving Credit Facility (i) the Initial “Existing Revolving Credit Maturity Date”), elect to request that the Revolving Credit Lenders extend the then applicable Maturity Date for the Revolving Credit Maturity Date Facility for an additional six (6) months beyond the Initial month period from such Existing Revolving Credit Maturity Date (such new Revolving Credit Maturity Date, the “First Extended Revolving Credit Maturity Date”) and (ii) the First Extended Revolving Credit Maturity Date, elect to extend the then applicable Revolving Credit Maturity Date Extension”), and (if so extended) for an additional six (6) months beyond the First Extended Revolving Credit Maturity Date month period to the fifth anniversary of the Closing DateRestatement Effective Date (the “Second Revolving Credit Maturity Date Extension” and together with the First Revolving Credit Maturity Date Extension, each a “Revolving Credit Maturity Date Extension”). The Administrative Agent shall distribute any such Revolving Credit Extension Notice promptly to the Revolving Credit Lenders promptly following its receipt thereof.
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