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Extension of Maturity Date definition

Extension of Maturity Date. Beginning at the first renewal date, and annually thereafter, the Investor may elect to extend the back end of the term for an additional year (or more), but is not required to do so. If the Investor elects not to extend the term of its investment an additional year to ten years out, Investor is obligated to notify FP at least thirty (30) days prior to the renewal date on which such decision becomes effective. If no such notice is received by FP, then the term is deemed automatically renewed for an additional year. Election not to extend the maturity date shall result in a fixed maturity date with a term starting at ten years from such election and declining thereafter. Election not to extend the maturity in one year does not preclude extension in subsequent years, but the Investor is not obligated to provide notice thereafter of its desire to call the debenture.
Extension of Maturity Date. The Maturity Date of the Debenture is hereby extended to June 30, 2005
Extension of Maturity Date means the option of Borrower to extend the Maturity Date of Revolving Loan for twelve (12) months as long as: (a) a written request from Borrower requesting the extension is received no later than three (3) months prior to the expiration of the existing Maturity Date of Revolving Loan; (b) no Event of Default exists at the time of the request or at the time of expiration of the then existing Maturity Date of Revolving Loan; and (c) Borrower pays and extension fee equal to twenty (20) basis point times the aggregate of each Lender’s Revolving Commitment.

Examples of Extension of Maturity Date in a sentence

  • The Administrative Agent shall promptly notify (x) the Lenders of any Extension of Maturity Date Request, (y) the Lenders and the Borrowers of any extension of the Existing Maturity Date pursuant to this Section 2.8 and (z) the Borrowers and the Lenders of any Lender which becomes a Terminating Lender.

  • Any Eligible Assignee which becomes a Lender as a result of such an assignment made pursuant to this Section 2.8(c) shall be deemed to have consented to the applicable Extension of Maturity Date Request and, therefore, shall not be a Terminating Lender.

  • Please transmit a copy of this Extension of Maturity Date Request to each of the Lenders.

  • This is an Extension of Maturity Date Request pursuant to Section 2.8(a) of the Credit Agreement requesting an extension of the Maturity Date to [INSERT REQUESTED MATURITY DATE].

  • Extension of Maturity Date............................................

  • Section 2.13, Extension of Maturity Date, page 23: delete this Section 2.13 in its entirety.

  • The Initial Borrowings Borrowings, Conversions and Continuations of Loans [Reserved] Letters of Credit Swing Line Loans Prepayments Termination or Reduction of Commitments Repayment of Loans Interest Fees Computation of Interest and Fees Evidence of Indebtedness Payments Generally Sharing of Payments Permitted Exchange Increase in Commitments Defaulting Lenders Extension of Maturity Date Refinancing Amendments 107 ARTICLE 3 TAXES, INCREASED COSTS AND ILLEGALITY 108 Section 3.01.

  • Request for Extension of Maturity Date...............................................

  • The Administrative Agent will promptly, and in any event within five Business Days of the receipt of such Notice of Extension of Maturity Date, notify the Lenders of the contents of such notice.

  • Such Notice of Extension of Maturity Date shall constitute a representation by Company that (A) no Event of Default has occurred and is continuing and (B) the representations and warranties contained in Article IV are correct on and as of the date of such Notice of Extension of Maturity Date, as though made on and as of such date (unless any representation and warranty expressly relates to an earlier date).


More Definitions of Extension of Maturity Date

Extension of Maturity Date. The Maturity Date may be extended for 364 days on the request of the Borrowers and with the agreement of the Bank in its absolute discretion. A request for an offer of extension may be made by the Borrowers not more than 60 days and not less than 30 days prior to the Maturity Date. Within 20 days of a request for an offer of extension, the Bank shall either provide the Borrowers with an offer to extend the Maturity Date and the terms and conditions on which such offer is made or advise the Borrowers that it is not willing to extend the Maturity Date. Failure by the Bank to provide a response to the request within such 20 days shall be deemed to be a denial of such request. If the Bank provides an offer of extension, it may be accepted by the Borrowers until the second Business Day before the Maturity Date in which case the Maturity Date shall be extended for 364 days from the day such offer is accepted.

Related to Extension of Maturity Date

  • Term Maturity Date means (a) in the case of the Initial Term Loans, February 4, 2028 and (b) in the case of any Incremental Term Facility or any Other Term Loan, the date set forth in the applicable documentation in respect thereof.

  • Term B Maturity Date means January 31, 2025.

  • L/C Maturity Date means the date that is five Business Days prior to the Revolving Credit Maturity Date.

  • Facility Maturity Date means the earliest of (a) the Business Day designated by the Borrower to the Lender pursuant to Section 2.16(b) to terminate this Agreement, (b) the Stated Maturity or (c) the date on which the Facility Maturity Date is declared (or is deemed to have occurred automatically) pursuant to Section 7.01.

  • Loan Maturity Date means the date on which the entire unpaid balance of the Loan, including principal and interest, is due and payable.

  • Term Facility Maturity Date means, as the context may require, (a) with respect to the Term B Facility in effect on the Closing Date, the Term B Facility Maturity Date and (b) with respect to any other Class of Term Loans, the maturity dates specified therefor in the applicable Incremental Assumption Agreement.

  • Final Maturity Date means the date that (i) is one hundred eighty (180) days following the Scheduled Termination Date or (ii) such earlier date on which the Loans become due and payable pursuant to Section 9.01.

  • Term Loan Maturity Date means the Initial Maturity Date, or, if such date has been extended pursuant to Section 2.15, such later date to which the Term Loan Maturity Date has been extended pursuant to Section 2.15.

  • Early Maturity Date means the date notified to the Investor as such in the Early Maturity Notice;

  • Term A Loan Maturity Date means July 18, 2024 or, if such date is not a Business Day, the immediately preceding Business Day.

  • Legal Maturity Date means July 15, 2024.

  • Applicable Maturity Date has the meaning assigned to such term in Section 2.25(a).

  • Original Maturity Date means the date on which the bond reaches the end of the term for which it was initially offered and, unless further extended, ceases to earn interest.

  • Class B Maturity Date means the January 2040 Distribution Date.

  • Tranche B Maturity Date means May 8, 2009, or, if such day is not a Business Day, the next preceding Business Day.

  • Revolving Maturity Date means April 22, 2024 (or, with respect to any Revolving Lender that has extended its Revolving Commitment pursuant to a Permitted Amendment, the extended maturity date, set forth in any such Loan Modification Agreement).

  • Tranche A Maturity Date means November 8, 2008, or, if such day is not a Business Day, the next preceding Business Day.

  • Term Loan A Maturity Date means July 29, 2025.

  • Term Loan B Maturity Date means the earliest of (a) May 24, 2014, or (b) such earlier date upon which the Outstanding Amounts under the Term Loan Facility, including all accrued and unpaid interest, are required to be paid in full in accordance with the terms hereof.

  • Extended Maturity Date has the meaning specified in Section 2.17(a).

  • Term B Loan Maturity Date means December 7, 2023.

  • Revolver Maturity Date means September 21, 2023, or, as to any Revolving Credit Lender for which the Revolver Maturity Date is extended pursuant to Section 2.17, the date to which the Revolver Maturity Date is so extended or, if such day is not a Business Day, the next preceding Business Day.

  • Initial Maturity Date means the earlier of (i) February 1, 2020 (the "Scheduled Initial Maturity Date"), and (ii) the date on which the unpaid principal balance of this Note becomes due and payable by acceleration or otherwise pursuant to the Loan Documents or the exercise by Lender of any right or remedy thereunder.

  • Initial Term Loan Maturity Date means September 24, 2014 or, if such date is not a Business Day, the first Business Day thereafter.

  • New Term Loan Maturity Date means the date on which a New Term Loan matures.

  • Existing Maturity Date has the meaning specified in Section 2.14(a).