Facility Extension Notice definition

Facility Extension Notice means the notice in the form of Schedule 13 (Facility Extension Notice) as defined in Clause 7.3 (Extension of Facility).
View Source
Facility Extension Notice has the meaning specified in Section 3.3(a). “Facility Extension Option” has the meaning specified in Section 3.3.
View Source
Facility Extension Notice shall have the meaning set forth in Section 2.1.4(c).
View Source

Examples of Facility Extension Notice in a sentence

  • Each Lender shall notify the Agent within 15 Business Days of receipt by the Agent of the Facility Extension Notice of its decision by returning the duly completed Annex I to the Facility Extension Notice.

  • A Facility Extension Notice shall not be regarded as having been duly completed unless it is duly signed by the Company and specifies the requested Extended Termination Date.

  • Any such Facility Extension Notice shall be delivered not later than 90 calendar days before the First Termination Date.

  • In the event, the extension fee is not paid within that period of 5 Business Days, the Facility Extension Notice and the corresponding obligation of the Company to pay the extension fee shall lapse and there will be no extension of the Facility.

  • Following receipt of the Revolving Credit Facility Extension Notice, Lender shall have the right to obtain such Appraisals at Borrower's expense as Lender deems necessary in its reasonable discretion.

  • The cash consideration provided for in Article 3 and the other cash required of MAAC and MAALP to consummate the Reorganization.

  • The Administrative Agent shall distribute any such Term Facility Extension Notice to the Term Lenders promptly following its receipt thereof.

  • The Required Lenders hereby acknowledge that the Facility Extension Notice, dated as of April 26, 2010, complies with Section 3.3 of the Credit Agreement, as amended hereby.

  • Upon receipt of Facility Extension Notice, the Facility Agent shall notify the Lenders of the name of any Facility Extension Lender who is a New Lender.

  • Upon receipt by the Lender of the Revolving Credit Facility Extension Notice, the Maturity Date shall be automatically extended to December 1, 2017.


More Definitions of Facility Extension Notice

Facility Extension Notice given no later than sixty days prior to the Stated Termination Date, convert the Revolving Credit Outstandings on the Stated Termination Date into term loans on the terms and conditions set forth in this Section 2.2; provided, however, that the Lenders will not be required and shall have no obligation to convert any Revolving Credit Outstandings pursuant to the terms in this Section 2.2 if the applicable conditions precedent thereto set forth in Article V have not been satisfied. No Facility Extension Loan that is a Eurodollar Rate Loan shall be made which has an Interest Period that extends beyond the Facility Extension Loan Termination Date and each Facility Extension Loan that is a Eurodollar Rate Loan may, subject to the provisions of Section 2.4, be repaid only on the last day of the Interest Period with respect thereto unless such payment is accompanied by the additional payment, if any, required by Section
View Source