Common use of Extension of Facility Termination Date Clause in Contracts

Extension of Facility Termination Date. The Borrower may request a one-year extension of the Facility Termination Date by submitting a request for an extension to the Agent (an “Extension Request”) no more than 90 and no less than 50 days prior to each anniversary of the closing of this Agreement. Promptly upon receipt of an Extension Request, the Agent shall notify each Lender thereof and shall request each Lender to approve the Extension Request. Each Lender approving the Extension Request shall deliver its written consent no later than 15 days prior to such anniversary of the closing of this Agreement. If the consent of each of the Lenders is received by the Agent, the Facility Termination Date shall be extended by one year from the then existing Facility Termination Date and the Agent shall promptly notify the Borrower and each Lender of the new Facility Termination Date.

Appears in 1 contract

Sources: Credit Agreement (Lancaster Colony Corp)

Extension of Facility Termination Date. The Borrower may request a one-year extension of the Facility Termination Date by submitting a request for an extension to the Agent (an "Extension Request") no more than 90 and no less than 50 days prior to each anniversary of the closing of this Agreement. Promptly upon receipt of an Extension Request, the Agent shall notify each Lender thereof and shall request each Lender to approve the Extension Request. Each Lender approving the Extension Request shall deliver its written consent no later than 15 days prior to such anniversary of the closing of this Agreement. If the consent of each of the Lenders is received by the Agent, the Facility Termination Date shall be extended by one year from the then existing Facility Termination Date and the Agent shall promptly notify the Borrower and each Lender of the new Facility Termination Date.

Appears in 1 contract

Sources: Credit Agreement (Lancaster Colony Corp)

Extension of Facility Termination Date. The Borrower may request a one-year an extension of the Facility Termination Date by submitting a request for an extension to the Agent (an "Extension Request") no more than 90 and no less than 50 30 days prior to each the second (2nd) anniversary of the closing of this Agreement. Promptly upon receipt of an Extension Request, the Agent shall notify each Lender thereof and shall request each Lender to approve the Extension Request. Each Lender approving the Extension Request shall deliver its written consent no later than 15 days prior to such second (2nd) anniversary of the closing of this Agreement. If the consent of each of the Lenders is received by the Agent, the Facility Termination Date shall be extended by one year from the then existing Facility Termination Date and the Agent shall promptly notify the Borrower and each Lender of the new Facility Termination Date.

Appears in 1 contract

Sources: Credit Agreement (Matrix Service Co)

Extension of Facility Termination Date. The Borrower may request a one-year extension extensions of the Facility Termination Date by submitting a request for an extension to the Agent (an "Extension Request") no more than 90 and no less than 50 30 days prior to each the first anniversary of the closing of this Agreementthen existing Facility Termination Date. Promptly upon receipt of an Extension Request, the Agent shall notify each Lender thereof and shall request each Lender to approve the Extension Request. Each Lender approving the Extension Request shall deliver its written consent no later than 15 days prior to such anniversary of the closing of this Agreementthen existing Facility Termination Date. If the consent of each of the Lenders is received by the Agent, the Facility Termination Date shall be extended by one year from the then existing Facility Termination Date and the Agent shall promptly notify the Borrower and each Lender of the new Facility Termination Date.

Appears in 1 contract

Sources: Credit Agreement (Covansys Corp)

Extension of Facility Termination Date. The Borrower may request a one-year extension of the Facility Termination Date by submitting a request for an extension to the Agent (an "Extension Request") no more than 90 and no less than 50 30 days prior to each the second anniversary of the closing of this Agreement. Promptly upon receipt of an Extension Request, the Agent shall notify each Lender thereof and shall request each Lender to approve the Extension Request. Each Lender approving the Extension Request shall deliver its written consent no later than 15 days prior to such second anniversary of the closing of this Agreement. If the consent of each of the Lenders is received by the Agent, the Facility Termination Date shall be extended by one year from the then existing Facility Termination Date and the Agent shall promptly notify the Borrower and each Lender of the new Facility Termination Date.

Appears in 1 contract

Sources: Credit Agreement (Dmi Furniture Inc)