Common use of Extended Maturity Date Option Clause in Contracts

Extended Maturity Date Option. Not more than 180 days and not less than 60 days prior to the Initial Maturity Date, the Borrower may (on behalf of all then-existing Borrower Parties) request in writing that the Lenders extend the term of this Agreement for an additional twelve (12) calendar month period (the end of such period being the "Extended Maturity Date"). Such extension option shall be subject to the satisfaction of the following requirements: (i) at the Initial Maturity Date, there shall not exist any Default or Event of Default by the Borrower or any other Loan Party; and (ii) the Borrower Parties shall, at the Initial Maturity Date, deliver to the Administrative Agent (for the pro rata benefit of the Lenders based on their respective Commitments) an extension fee equal to fifteen hundredths of one percent (0.15%) of the then-existing Aggregate Commitments (whether funded or unfunded).

Extended Maturity Date Option. Not more than 180 days and not less than 60 90 days prior to the Initial Maturity Date, the Principal Borrower may (on behalf of all then-existing Borrower PartiesBorrowers) request in writing that the Lenders extend the term of this Agreement for an additional twelve (12) calendar month period (the end of such period being the "“Extended Maturity Date"”). Such extension option shall be subject to the satisfaction of the following requirements: (i) at the Initial Maturity Date, there shall not exist any Default or Event of Default by the Borrower or any other Loan Party; and (ii) the Borrower Parties Borrowers shall, at the Initial Maturity Date, deliver to the Administrative Agent (for the pro rata benefit of the Lenders based on their respective Commitments) an extension fee equal to fifteen hundredths two tenths of one percent (0.150.20%) of the then-existing Aggregate Commitments (whether funded or unfunded).

Extended Maturity Date Option. Not more than 180 90 days and not less than 60 30 days prior to the Initial Maturity Date, the Principal Borrower may (on behalf of all then-existing Borrower PartiesBorrowers) request in writing that the Lenders extend the term of this Agreement for an additional twelve (12) calendar month period to May 1, 2010 (the end of such period being the "“Extended Maturity Date"”). Such extension option shall be subject to the satisfaction of the following requirements: (i) at the Initial Maturity Date, there shall not exist any Default or Event of Default by the Borrower or any other Loan Party; and (ii) the Borrower Parties Borrowers shall, at the Initial Maturity Date, deliver to the Administrative Agent (for the pro rata benefit of the Lenders based on their respective Commitments) an extension fee equal to fifteen hundredths two tenths of one percent (0.150.20%) of the then-existing Aggregate Commitments (whether funded or unfunded).

Extended Maturity Date Option. Not more than 180 days and not less than 60 days prior to the Initial Maturity Date, the Borrower may (on behalf of all then-existing Borrower Parties) request in writing that the Lenders extend the term of this Agreement for an additional twelve (12) calendar month period (the end of such period being the "Extended Maturity Date"). Such extension option shall be subject to the satisfaction of the following requirements: (i) at the Initial Maturity Date, there shall not exist any Default or Event of Default by the Borrower or any other Loan Party; and (ii) the Borrower Parties shall, at the Initial Maturity Date, deliver to the Administrative Agent (for the pro rata benefit of the Lenders based on their respective Commitments) an extension fee equal to fifteen hundredths of one percent (0.15%) of the then-then existing Aggregate Commitments (whether funded or unfunded).