Examples of Extending Bank in a sentence
Pursuant to Section 2.7 of the Amended Credit Agreement, each Extending Bank and each New Bank hereby (i) agrees to the Extension and (ii) agrees that the Maturity Date with respect to such Person’s Commitment shall be September 9, 2019 (subject to the further extension thereof pursuant to Section 2.7).
Prior to any Non-Extending Bank being replaced by one or more Additional Commitment Banks pursuant hereto, such Non-Extending Bank may elect, in its sole discretion, by giving irrevocable notice thereof to the Administrative Agent and the Borrower (which notice shall set forth such Bank’s new Termination Date), to become an Extending Bank.
Notwithstanding anything to the contrary contained herein, no Banks shall be required to accept any Revolving Credit Extension Offer or become an Extending Bank.
The Company and each Extending Bank shall execute and deliver to the Agent an extension agreement (each such agreement, an “Extension Agreement”) which may take the form of an amendment or supplement to this Agreement, an amendment and restatement of this Agreement, or other form, and such other documentation as the Agent shall reasonably require to evidence the acceptance of the Permitted Amendments and the terms and conditions thereof.
Notwithstanding anything to the contrary contained in this Agreement, Schedule II shall be deemed amended without the consent of any Bank (other than a new Bank to the extent provided herein) to reflect the new Commitments of each Extending Bank and/or new Bank pursuant to this Section 3.03(b).