Termination Date Extension. (a) The Company may at any time and from time to time, by notice to the Administrative Agent and the Brazilian Administrative Agent, if applicable, propose an extension of the Termination Date, which proposal may include a proposal to change the Applicable Margins (including any provision of the Applicable Pricing Grid) for the Lenders as may be specified in such proposal. Upon receipt of any such proposal the Administrative Agent and the Brazilian Administrative Agent, if applicable, shall promptly notify each Lender thereof. Each Lender shall respond to such proposal in writing within 30 calendar days after the date of such proposal and any failure of a Lender to respond within such period shall be deemed to be a rejection of such proposal. If any Lender consents to such proposal (each such consenting Lender, an “Extending Lender”), the Termination Date applicable to each Extending Lender shall be extended to the date specified in the Company’s extension proposal and the Applicable Margin with respect to each such Extending Lender shall be adjusted in the manner specified in such proposal, if any, and each Non-Extending Lender will be treated as provided in Section 2.27(b).
(b) If any Lender does not consent to any extension request that becomes effective pursuant to Section 2.27(a) (each such Lender, a “Non-Extending Lender”), then the Termination Date for such Non-Extending Lender shall remain unchanged from that applicable prior to the extension and the Commitments of each Non-Extending Lender and the existing Applicable Margins shall, subject to the terms of Section 2.16, continue in full force and effect.
(c) Notwithstanding the provisions of Section 10.1(a), the Company and the Administrative Agent and the Brazilian Administrative Agent, if applicable, (and the Extending Lenders) shall be entitled to enter into any amendments to this Agreement that the Administrative Agent and the Brazilian Administrative Agent, if applicable, believe are necessary or appropriate to reflect, or to provide for the integration of, any extension of the Termination Date or change in Applicable Margins pursuant to this Section 2.27 without the consent of any Non-Extending Lender.
Termination Date Extension. The Company may request an extension of the Termination Date in effect at any time by submitting a written request for an extension to the Agent (an "Extension Request") not more than 59 and not less than 30 days prior to the then effective Termination Date. The request must specify the new Termination Date and the date (which must be at least 30 days after the Extension Request is delivered to the Agent but not later than the then-existing Termination Date) as of which the new Termination Date shall be effective (the "Extension Date"). The new Termination Date shall be 360 days after the Extension Date, including the Extension Date as one of the days in the calculation of the days elapsed. Promptly upon receipt of an Extension Request, the Agent shall notify each Lender of the contents thereof and shall request each Bank to approve the Extension Request. Each Lender approving the Extension Request shall deliver its written consent no later than the Extension Date. Any consent delivered by a Lender to the Agent may be revoked up to and including the fourth day prior to the Extension Date, but shall be irrevocable thereafter. If the consent of each of the Required Lenders is received by the Agent and remains in effect on the Extension Date, the new Termination Date shall become effective on the Extension Date, but only with respect to each Lender which has consented to the Extension Request and the Agent shall promptly notify the Borrower and each Lender of the new Termination Date. Failure of a Lender to respond to an Extension Request after such Lender's receipt of the Extension Request from the Agent shall be deemed a denial of such request. If any Lender does not consent to an Extension Request which is approved by the Required Lenders, then on the Termination Date in effect on the date of the Extension Request but without giving effect to approval of the Extension Request, (a) the Company shall pay to such Lender all amounts then payable to such Bank under this Agreement and (b) such Lender's Commitment shall terminate."
(e) Section 5.2(b) of each Credit Agreement is hereby amended in its entirety to read as follows:
Termination Date Extension. The first sentence of Section 2.17 is amended to read as follows:
Termination Date Extension. Pursuant to Section 2.18(a) of the Credit Agreement the Borrower is hereby deemed to have requested that, effective as of the Amendment Effective Date, the Termination Date with respect to certain Commitments be extended for a period of one year to April 15, 2026. Effective as of the Amendment Effective Date and subject to the satisfaction of the conditions precedent set forth in Section 3 below, pursuant to Section 2.18(b) of the Credit Agreement, each Lender agrees to extend its Termination Date for a period of one or two years, as applicable, to April 15, 2026. The parties hereto hereby agree that the foregoing shall constitute the exercise by the Borrower of one of the extensions permitted pursuant to Section 2.18(f) of the Credit Agreement. The parties hereto further agree that any and all required notices and notice periods under Section 2.18 of the Credit Agreement in connection with such extension request are hereby waived and of no force and effect.
Termination Date Extension. Pursuant to Section 2.18(a) of the Credit Agreement the Borrower is hereby deemed to have requested that, effective as of the Amendment Effective Date, the Termination Date be extended for a period of one year to April 15, 2025. Effective as of the Amendment Effective Date and subject to the satisfaction of the conditions precedent set forth in Section 3 below, pursuant to Section 2.18(b) of the Credit Agreement, each Lender that is not identified on the signature pages hereof as a “Non-Extending Lender” agrees to extend its Termination Date for a period of one year to April 15, 2025. Each Lender that is identified on the signature pages hereof as a “Non-Extending Lender” does not agree to extend its Termination Date and shall be considered a Non-Extending Lender under the Credit Agreement. The parties hereto hereby agree that the foregoing shall constitute the exercise by the Borrower of one of the extensions permitted pursuant to Section 2.18(f) of the Credit Agreement.
Termination Date Extension. If the Borrower shall give to the Agent written notice during December 1995 (or, if so extended pursuant to this Section 2.17, the December of that subsequent year occurring fourteen months prior to the then-current Termination Date) of the Borrower's desire to extend the Termination Date for one additional year then such Termination Date shall be so extended if each Bank by February 28, 1996 (or February 28 of such subsequent year which is one year prior to the then-current Termination Date) shall have provided its written consent to such extension and the Borrower shall have paid such appropriate fees and expenses as may be required by the Banks.
Termination Date Extension. The Aggregate Commitment with respect -------------------------- to Tranche C Obligations shall expire on the Termination Date. Within the period beginning 120 days and ending 90 days before each anniversary of the Closing Date, the Company may request in writing that the Termination Date be extended for an additional year. Within the period beginning 45 days and ending 30 days prior to such anniversary, each Lender may, in its sole discretion, agree to such extension by giving written notice of such agreement to the Company and the Agent (and the failure to provide such notice shall be determined to be a decision not to extend). The Aggregate Commitment with respect to Tranche D Obligations shall expire on the first anniversary of the Closing Date. Within the period beginning 270 days and ending 30 days prior to such first anniversary of the Closing Date, the Company may request in writing that the expiry date for the Aggregate Commitment with respect to Tranche D Obligations be extended to remain in effect for up to one year from the extension date; and thereafter within the period beginning 270 days and ending 30 days prior to the then effective expiry date for the Aggregate Commitment with respect to Tranche D Obligations, the Company may request in writing that the expiry date for the Aggregate Commitment with respect to Tranche D Obligations be extended to remain in effect for up to one year from such then effective extension date. Within 30 days after such request, each Lender may, in its sole discretion, agree to such extension by giving written notice of such extension to the Company and the Agent (and the failure to provide such notice shall be deemed a decision not to extend). The Commitment of each Lender that declines to extend with respect to the Tranche C Obligations or the Tranche D Obligations may, at the option of the Company, be replaced in accordance with Section 12.3 (but only to the extent a replacement ------------ Lender is then available) or the Aggregate Commitment reduced. The Required Lenders must agree to any extension with respect to the Termination Date or the expiry of the Aggregate Commitment with respect to Tranche D Obligations for any such extension to become effective.
Termination Date Extension. If, by reason of its agreement under Subparagraph 10(f)(iii) hereof, Holder is not permitted to sell Registrable Securities for a period that includes the Termination Date (before any adjustment under this Subparagraph), the Termination Date will be extended by such number of days as equals the number of days from the beginning of such period that Holder is so prevented from selling to the Termination Date (before any adjustment under this Subparagraph). If, by reason of its agreement under Subparagraph 10(b)(iv) hereof, Holder is not permitted to sell Registrable Securities for more than 30 days in any twelve-month period, the Termination Date will be extended by such number of days in such twelve-month period as Holder is so prevented from selling as exceeds such 30 days.
Termination Date Extension. Notwithstanding anything to the contrary set forth herein, Parent shall have the unilateral right to extend the dates set forth in Section 7.1 from June 30, 1999 to September 30, 1999 in the event that the Merger has not been consummated by June 30, 1999 (subject to any applicable extension pursuant to Section 5.10) as a result of any condition set forth in Section 6.3 (other than the condition set forth in Section 6.3(k)) having not been satisfied.
Termination Date Extension. 32 ARTICLE V
