Extension of Final Maturity Date Sample Clauses

Extension of Final Maturity Date. (a) The Banks (acting unanimously) shall be entitled, in their absolute and unfettered discretion, to extend the Final Maturity Date for a Facility for such period as the Borrower may request and the Banks may agree in their absolute and unfettered discretion, provided that the Borrower has sent to the Agent a request in writing to that effect not later than 1 July 2010. (b) The Agent will notify the Banks of the contents of any such request as soon as practicable after receipt thereof but any Bank shall be entitled to decline such request in its absolute and unfettered discretion. If the Banks acting unanimously agree to extend the then current Final Maturity Date for a Facility, the Agent will notify the Borrower in writing (each such notice, an "Extension Notice") of the Banks' agreement to extend and of the new Final Maturity Date for that Facility, not later than seven (7) days prior to the then current Final Maturity Date for that Facility. If the Agent has not sent an Extension Notice to the Borrower by such time, it shall be deemed that the Banks have declined the Borrower's request for an extension. (c) The Borrower shall procure that it and the other Security Parties shall, at the Borrower's own cost and expense, enter into and deliver to the Agent such documentation as the Agent may require in its absolute discretion in relation to any such extension of the Final Maturity Date for any Facility (including, without limitation, an amendment to this Agreement and documents and evidence of the type referred to in schedule 2 in connection with any such amendments). (d) If and when the Final Maturity Date for a Facility is extended in accordance with this clause 4.3.2, the Banks shall have the right each time on the expiration of the then current Final Maturity Date for a Facility to extend the then current Final Maturity Date for that Facility for such further period as the Borrower may request and the Banks acting unanimously may agree in their absolute and unfettered discretion and, in each such case, the provisions of this clause 4.3.2 shall apply to each such option to extend mutatis mutandis.

Extension of Final Maturity Date of the Financing Agreement is hereby amended by adding a new clause (d) thereto to read in its entirety as follows:

Extension of Final Maturity Date. The Final Maturity Date under the Note Purchase Agreement and each of the Senior Promissory Notes is hereby extended to December 31, 1998, for all purposes of the Note Purchase Agreement, the Senior Promissory Notes and the Pledge Agreement, except as expressly provided in paragraph 2 of this Amendment to Note Purchase Agreement.

Extension of Final Maturity Date. The definition of Final Maturity Date set forth in the Credit Agreement is hereby amended and restated in its entirety to read as follows:

Extension of Final Maturity Date. (a) Subject to paragraph (b) below, the Borrower (at its option) may request that the Final Maturity Date is extended by one year to the sixth anniversary of the date of this Agreement by written notice to the Facility Agent at least 30 days but no more than 60 days prior to the Final Maturity Date (the Extension Option). (b) If, on the Final Maturity Date: (i) no Default is then outstanding; and (ii) the Company or the Borrower has paid to the Facility Agent (for the account of the Lenders) a flat fee of 0.50 per cent. of the Total Commitments, the Final Maturity Date will be extended to the sixth anniversary of the date of this Agreement. (c) The Facility Agent must notify the Lenders promptly of the exercise of the Extension Option.

Extension of Final Maturity Date. So long as no Default exists, the Final Maturity Date shall automatically be extended for an additional 364 days from the then current Final Maturity Date unless the Company or any Lender provides written notice to the Agent no later than 120 days prior to such Final Maturity Date that it does not agree to such extension; provided however, the Final Maturity Date shall not be so extended more than three (3) times.

Extension of Final Maturity Date. (a) The Company may request (“Extension Request”) that the Final Maturity Date and the Availability Period be extended, each for a further period of 364 days by giving notice to the Agent no more than 60 days, and not less than 30 days, before the original Final Maturity Date, which must include the fee proposed to be paid by the Company under Clause 22.4 (Extension fee). (b) Upon receipt of an Extension Request, the Agent shall promptly notify each Bank. Each such Bank shall have the right, in its absolute discretion, to accept or decline any Extension Request and any such Bank which wishes to accept the Extension Request shall so notify the Agent no later than the date falling 15 days before the original Final Maturity Date. If any Bank does not accept an Extension Request by that date it will be deemed to have refused it. (c) Subject to Clause 2.6 (Relationship between the Extension Option and the Term-out Option), on the original Final Maturity Date: (i) each Borrower shall repay the participation in the Loans of each Bank that refuses the Extension Request in full; (ii) the Commitment of each Bank that refuses the Extension Request shall be cancelled automatically; and (iii) in respect of those Banks that accept the Extension Request only (if any), the Final Maturity Date and the Availability Period shall, respectively, be extended to the date which is 364 days after the original Final Maturity Date. (d) No more than two Extension Requests may be given and any such request is (subject to Clause 2.6 (Relationship between the Extension Option and the Term-out Option) irrevocable.

Extension of Final Maturity Date. The Final Maturity Date is -------------------------------- hereby extended to July 1, 2000. Pursuant to the provisions of Section 2.17(b) of the Credit Agreement, an extension fee in the amount of 0.25% of the Commitments is due and payable by the Borrower on the date hereof, but no extension fee is payable with respect to the $50,000,000 increase in the Commitments provided for in Paragraph 2(a) above.

Extension of Final Maturity Date. At any time prior to the 90th day preceding any anniversary of the Effective Date, the Borrower may make a written request to the Administrative Agent, who shall forward a copy of such request to each of the Banks, that the Final Maturity Date be extended by one year. The Banks may, but shall not be obligated to, agree to extend the Final Maturity Date. In any event, the Administrative Agent shall be obligated to respond in writing, affirmatively or negatively, to such request within sixty (60) days after the date of such request of extension of the Final Maturity Date made by the Borrower.