Facility Extension Option definition
Examples of Facility Extension Option in a sentence
The Administrative Agent will notify the Borrowers and the Lenders upon the effectiveness of the Eighteen Month Facility Extension Option.
Administrative Agent shall notify Borrower and the Lenders upon the effectiveness of the Facility Extension Option (provided, that such notice shall not be required in order for the Facility Extension Option to become effective).
The Agent will notify the Seller and the Banks promptly upon the effectiveness of the Eighteen Month Facility Extension Option.
Without limitation to the foregoing, Buyer and Seller hereby expressly acknowledge and agree that, for purposes of clause (ii) of the definition of Facility Amount in the Repurchase Agreement, Seller shall not be deemed to have exercised its first Facility Extension Option as of the date hereof.
The Administrative Agent will notify the Borrower and the Lenders upon the effectiveness of the Twelve Month Facility Extension Option.
Subject to the terms of this Agreement, the Swingline Lenders make available to Imperial Finance a committed swingline facility with a Swingline Facility Extension Option in an aggregate amount equal to the Total Swingline Commitments.
Notwithstanding anything to the contrary, any Facility Extension Option exercised or deemed exercised prior to the date hereof, including, without limitation, any exercise or deemed exercise of a Facility Extension Option as of April 22, 2019, is hereby reinstated such that Seller shall have Facility Extension Options for up to five (5) successive one (1) year periods commencing on the Initial Facility Termination Date (as such term is amended and restated by this Amendment).
The Administrative Agent will notify the Borrower and the Lenders upon the effectiveness of the Fifteen Month Facility Extension Option.
If Imperial Finance exercises the Swingline Facility Extension Option, on each relevant Swingline Extension Date Imperial Finance will pay to the Facility Agent for the Swingline Lenders acquiring a Swingline Commitment beyond the relevant Swingline Extension Date on the later of that date and the date falling five Business Days after the Obligors’ Agent receives from the Facility Agent an invoice for such amount an extension fee equal to 0.025 per cent.
Notwithstanding anything to the contrary, any Facility Extension Option exercised or deemed exercised prior to the date hereof, including, without limitation, any exercise or deemed exercise of a Facility Extension Option as of February 24, 2016, is hereby reinstated such that Seller shall have Facility Extension Options for up to five (5) successive one (1) year periods commencing on the Initial Facility Termination Date (as such term is amended and restated by this Amendment).