Extended Maturity Date Sample Clauses
The Extended Maturity Date clause defines the conditions under which the maturity date of a financial obligation, such as a loan or bond, can be postponed beyond its original term. Typically, this clause outlines the process for requesting an extension, any required approvals from involved parties, and potential changes to interest rates or fees during the extended period. Its core practical function is to provide flexibility for borrowers or issuers who may need additional time to fulfill their obligations, thereby reducing the risk of default and offering a structured way to manage unforeseen delays.
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Extended Maturity Date. Pursuant to the introductory paragraph of the Note, the definition of “Maturity” in the Note shall be December 31, 2025.
Extended Maturity Date. All references in this Agreement and in the other Loan Documents to the Maturity Date shall include the date to which the Stated Maturity Date may be extended in the event any Extension Options are exercised and Borrower fulfills the conditions set forth in Section 2.8.1.
Extended Maturity Date. Pursuant to Section 7(i) of the Note, the definition of “Maturity Date” in the Note shall be March 1, 2021.
Extended Maturity Date. Subject to the provisions of this Section 3.1 (b), Borrower shall have the option (the “Extension Option”), by irrevocable written notice (the “Extension Notice”) delivered to Administrative Agent no later than ninety (90) days prior to the Initial Maturity Date, to extend the Initial Maturity Date for a period of twelve (12) months (the “Extension Term”) to the fourth (4th) anniversary of the Closing Date (the “Extended Maturity Date”). Borrower’s right to so extend the Initial Maturity Date shall be subject to the satisfaction (or waiver, in the sole discretion of the Required Lenders) of the following conditions precedent prior to the commencement of the Extension Term:
(i) payment by Borrower on or prior to the Initial Maturity Date of an extension fee equal to 0.25% of the aggregate outstanding Revolving Loan Commitment Amount and Swingline Commitment Amount, and Letter of Credit Outstandings as of such date, together with all costs and expenses (including reasonable attorneys’ fees and expenses) incurred by the Lenders in connection with the Extension Option;
(ii) no Event of Default shall have occurred and be continuing on the date Borrower delivers the Extension Notice; and
(iii) on the Initial Maturity Date, Borrower shall deliver an Officer’s Certificate which confirms and certifies that:
(1) no Event of Default has occurred and is continuing as of the Initial Maturity Date or would result from such extension after the Initial Maturity Date;
(2) all representations and warranties contained in the Loan Documents are true, correct and accurate in all material respects (or, to the extent any such representations and warranties already are qualified or modified by materiality in the text thereof, in all respects) as if made on and as of the Initial Maturity Date (unless stated to relate solely to an earlier date, in which case such representations and warranties shall be true, correct and accurate in all respects as of such earlier date), it being understood that such representations and warranties shall be updated as of the date of the requested Credit Extension if requested by Administrative Agent;
(3) no breach of covenants set forth in Section 7.2.4, exist as of the Initial Maturity Date or would result from such extension; and
(4) such other acknowledgments and ratifications from the Credit Parties and execution and delivery of such other documents (including opinions of counsel and other back up documentation, in each case reasonably satisfacto...
Extended Maturity Date. Pursuant to 4.3 of the Note, the definition of “Maturity Date” in the Note shall be October 29, 2021.
Extended Maturity Date. Subject to the provisions of this Section 3.1 (b), Borrower shall have the option (the “Extension Option”), by irrevocable written notice (the “Extension Notice”) delivered to Administrative Agent no later than sixty (60) days prior to the Initial Maturity Date, to extend the Initial Maturity Date for a period of twelve (12) months (the “Extension Term”) to the fifth (5th) anniversary of the Closing Date (the “Extended Maturity Date”). Borrower’s right to so extend the Initial Maturity Date shall be subject to the satisfaction (or waiver, in the sole discretion of the Required Lenders) of the following conditions precedent prior to the commencement of the Extension Term:
(i) payment by Borrower on the Initial Maturity Date of an extension fee equal to 0.25% of the aggregate outstanding Revolving Loan Commitment Amount as of such date, together with all costs and expenses (including reasonable attorneys’ fees and expenses) incurred by the Lenders in connection with the Extension Option;
(ii) no Default or Event of Default shall have occurred and be continuing on the date Borrower delivers the Extension Notice or as of the Initial Maturity Date; and
(iii) Borrower shall deliver (1) an Officer’s Certificate which confirms and certifies that all applicable representations and warranties contained in the Loan Documents are true and correct in all material respects as if made on and as of the Initial Maturity Date and (2) such other acknowledgments and ratifications from the Guarantor and Subsidiary Guarantors as the Administrative Agent may request.
Extended Maturity Date. The Maturity Date (as defined in Section 5.(a) of the Note) shall be extended; accordingly the stated Maturity Date in the Note of December 31, 2011 is hereby amended to so that the Maturity Date for the Note shall be December 31, 2014.
Extended Maturity Date. See Section 2.11.
Extended Maturity Date. If on the Extended Maturity Date any Advance remains outstanding, the Borrower shall repay that Advance on that date together with all unpaid accrued interest and fees and any other sum then due under this Agreement.
Extended Maturity Date. All references in the Loan Documents to “Extended Maturity Date” shall mean May 1, 2009.