Common use of Amend and Extend Transactions Clause in Contracts

Amend and Extend Transactions. (a) Borrower may, by written notice to Administrative Agent from time to time, request an extension (each, an “Extension”) of the maturity date of the Loans and Commitments to the extended maturity date specified in such notice. Such notice shall set forth (i) the amount of the Commitments that will be subject to the Extension (which shall be in minimum increments of $5,000,000 and a minimum amount of $50,000,000), and (ii) the date on which such Extension is requested to become effective (which shall be not less than ten (10) Business Days nor more than sixty (60) days after the date of such Extension notice (or such longer or shorter periods as Administrative Agent shall agree in its sole

Appears in 1 contract

Sources: Credit Agreement (NVR Inc)

Amend and Extend Transactions. (a) The Borrower may, by written notice to the Administrative Agent from time to time, request an extension (each, an “Extension”) of the maturity date of the any Class of Term Loans and or Revolving Commitments to the extended maturity date specified in such notice. Such notice shall set forth shall; (i) set forth the amount of the applicable Class of Term Loans or Revolving Commitments that will be subject to the Extension (which shall be in minimum increments of $5,000,000 and a minimum amount of $50,000,0005,000,000), and (ii) set forth the date on which such Extension is requested to become effective (which shall be not less than ten (10) Business Days nor more than sixty (60) days after the date of such Extension notice (or such longer or shorter periods as the Administrative Agent shall agree in its solesole discretion)) and

Appears in 1 contract

Sources: New First Lien Loan Agreement