Examples of Term Loan Extension Option in a sentence
As of June 30, 1999 (the "Extension Date"), the Borrower may elect to extend the Non-Default Maturity date of the Term Loan from January 1, 2000 to January 1, 2001 (the "Term Loan Extension Option"); provided that on and at all times prior to the Extension Date, the Borrower is in compliance with the Extension Criteria.