Agent Extension Clause Samples

Agent Extension. The Term Loan B Agent, in its sole discretion, may extend, and hereby is authorized to extend, the Maturity Date for a period of up to an additional 30 days without further action by the Lenders so long as the following conditions are satisfied (or waived by) the Term Loan B Agent in its sole discretion: (i) Borrowers shall have filed a Section 1113(e) motion with the Bankruptcy Court for interim relief seeking to reduce, and the Bankruptcy Court shall have granted interim relief reducing, under the applicable provisions of the Bankruptcy Code, wages and/or benefits by, in the aggregate, approximately ten percent (10%) of wages per month for the U.S. employees of Allied Systems and certain other Subsidiaries of Allied Holdings who are represented by the International Brotherhood of Teamsters and affiliated local unions under the applicable national collective bargaining agreement; (ii) Borrowers shall have obtained a commitment letter and a term sheet in form and substance reasonably acceptable to the Term Loan B Agent for at least $20,000,000 of new funding to be provided on a basis junior to the Revolving Loans (the "Additional Financing") on or before May 18, 2006; and (iii) Borrowers shall have made reasonably satisfactory progress, as determined by the Term Loan B Agent in its sole discretion, in implementing the liquidity plan previously delivered to the Lenders.
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Agent Extension. The Term Loan B Agent, in its sole discretion, may extend the Forbearance for a period of up to an additional 15 days from the June 1 date for an aggregate Forbearance Extension of 30 days as provided for in Section 3(f) of the Amendment.
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Related to Agent Extension

  • Contract Extension The Contract is extended for a period of six (6) months pursuant to the same terms and conditions of the contract and any executed written amendments, with a new Contract expiration date of May 31, 2025.

  • Patent Extensions Subject to the remainder of this Section 6.6, if any election for patent term restoration or extension, supplemental protection certificate or any of their equivalents may be made with respect to any Patent within the Licensed IP, after consultation with Celgene, the Parties will discuss and seek to reach mutual agreement whether or not to take such action. If the Parties are not able to reach mutual agreement, (a) Celgene will have the sole right to make the final decision whether or not to seek such patent term restoration or extension, supplemental protection certificate or any of their equivalents with respect to Specific Patents and Patents within the Collaboration IP licensed to Celgene hereunder and (b) Bluebird will have the sole right to make the final decision whether or not to seek such patent term restoration or extension, supplemental protection certificate or any of their equivalents with respect to all other Patents within the Licensed IP.

  • Request for Credit Extension The Administrative Agent and, if applicable, the L/C Issuer or the Swingline Lender shall have received a Request for Credit Extension in accordance with the requirements hereof.

  • Modification, Extension The issuance of any supplement, modification, amendment, renewal, or extension to any Letter of Credit shall, for purposes hereof, be treated in all respects the same as the issuance of a new Letter of Credit hereunder.

  • Each Credit Extension After the Closing Date, the obligation of each Revolving Lender or Issuing Bank to make any Credit Extension is subject to the satisfaction of the following conditions: (i) In the case of any Borrowing, the Administrative Agent shall have received a Borrowing Request as required by Section 2.03 or (ii) in the case of the issuance of any Letter of Credit, the applicable Issuing Bank and the Administrative Agent shall have received a Letter of Credit Request as required by Section 2.05(b). (b) The representations and warranties of the Loan Parties set forth in this Agreement and the other Loan Documents shall be true and correct in all material respects on and as of the date of any such Credit Extension with the same effect as though such representations and warranties had been made on and as of the date of such Credit Extension; provided, that to the extent that any representation and warranty specifically refers to a given date or period, it shall be true and correct in all material respects as of such date or for such period. (c) At the time of and immediately after giving effect to the applicable Credit Extension, no Default or Event of Default has occurred and is continuing. Each Credit Extension after the Closing Date shall be deemed to constitute a representation and warranty by the Borrower on the date thereof as to the matters specified in paragraphs (b) and (c) of this Section 4.02; provided, however, that the conditions set forth in this Section 4.02 shall not apply to (A) any Incremental Loan and/or (B) any Credit Extension under any Refinancing Amendment and/or Extension Amendment unless in each case the lenders in respect thereof have required satisfaction of the same in the applicable Incremental Facility Agreement, Refinancing Amendment or Extension Amendment, as applicable; it being understood and agreed that no Event of Default then exists or would exist after giving effect thereto (except in the case of the incurrence or provision of any Incremental Facility in connection with a Permitted Acquisition, Investment or similar transaction not prohibited by the terms of this Agreement, in which case, no Specified Event of Default then exists or would exist after giving effect thereto at the time of the borrowing of any Incremental Facility).