Common use of Extended Termination Date Clause in Contracts

Extended Termination Date. (a) The Borrower may request by notifying the Agent in writing (the “Extension Request”) the extension of the Initial Termination Date until the Extended Termination Date. (b) The Extension Request: (i) shall be irrevocable; (ii) may only be provided at any time during the period starting from 9 December 2023 to 9 January 2024 (both included); (iii) may only be delivered provided that no Event of Default is continuing; and no Event of Default may reasonably be expected to result from such extension; and (iv) shall confirm the Borrower’s irrevocable decision to extend the Initial Termination Date until the Extended Termination Date and the undertaking to pay the Extension Fee (as defined in Clause 26.2) in the terms indicated by the Lenders according to paragraph (d) below. (c) The Borrower may only provide one Extension Request. (d) The Agent shall: (i) promptly provide the Lenders with a copy of the Extension Request upon its receipt and (ii) give a response to the Borrower to the Extension Request within a term of fifteen (15) Business Days as from receipt of such Extension Request (and in any case no later than 9 February 2024) confirming the amount of the applicable Extension Fee and the date on which such payment shall be made in order for the extension to be effective (the “Extension Response”). (e) If the Initial Termination Date is not extended until the Extended Tennination Date in accordance with this Clause, the Parties agree that the ordinary repayment of the Facility Amount shall take place as per Clause 12.1.1, any outstanding amounts under this Agreement will become due and payable (liquido, vencido y exigible) on the Initial Termination Date and the Borrower shall repay such due amounts in full on the Initial Termination Date.