Common use of Extension of Revolving Credit Termination Date Clause in Contracts

Extension of Revolving Credit Termination Date. At the request of the Borrower the Lender may, in its sole discretion, elect not more than twice after the Closing Date to extend the Revolving Credit Termination Date then in effect for one additional period of one year. The Borrower shall notify the Lender in writing of its request for such an extension of one year by delivering to the Lender notice of such request signed by an Authorized Representative not less than ninety (90) days prior to

Extension of Revolving Credit Termination Date. At The Borrower shall have the request of the Borrower the Lender may, in its sole discretion, elect not more than twice after the Closing Date right to extend the Revolving Credit Termination Date then in effect for one additional a period of one (1) additional year. , upon satisfaction of the following conditions precedent: (i) The Borrower shall notify provide Administrative Agent with written notice (the Lender in writing “Extension Notice”) of its request for the Borrower’s intent to exercise such an extension of option not more than one year by delivering to the Lender notice of such request signed by an Authorized Representative hundred twenty (120) and not less than ninety (90) days prior tosixty