Examples of Extension Maturity Date in a sentence
The Administrative Agent and the Borrower shall promptly confirm to the Lenders such extension and the Extension Maturity Date.
All non consenting Lenders (“Non-Consenting Lenders”) shall continue to be subject to the Maturity Date in effect prior to the effectiveness of the Extension Maturity Date (such existing Maturity Date being the “Present Maturity Date”).
On the Extension Maturity Date, the Revolving Commitments of Lenders that have not consented to such extension of the Maturity Date and have not been replaced as provided herein shall automatically terminate.
In the event that the Company exercises its second extension option to extend the First Extension Maturity Date by an additional ninety (90) day period (the “Second Extension Option”), the interest rate shall increase to eleven and one-half percent (11.5%) per annum on the unpaid principal on this Secured Note beginning on the First Extension Maturity Date.
The Company may exercise the Second Extension Option by providing the Payee with written notice of such exercise fifteen (15) days prior to the First Extension Maturity Date.