Common use of Extension of Revolving Termination Date Clause in Contracts

Extension of Revolving Termination Date. The Borrower shall have the right, exercisable two times, to extend the Revolving Termination Date by six months for each extension. The Borrower may exercise such right only by executing and delivering to the Administrative Agent at least 30 days but not more than 90 days prior to the then current - 51 - LEGAL02\42427047.v4

Appears in 1 contract

Sources: Credit Agreement (Equity Lifestyle Properties Inc)

Extension of Revolving Termination Date. The Subject to all terms and conditions herein, the Borrower shall have the right, exercisable two (2) times, to request that the Administrative Agent and the Revolving Lenders extend the Revolving Termination Date by six months for per each extensionrequest. The Borrower may exercise such right only by executing and delivering to the Administrative Agent at least 30 days but not more than 90 days prior to the then current - 51 - LEGAL02\42427047.v4Revolving Termination Date, a written request for such extension (a “Revolving Extension Request”).

Appears in 1 contract

Sources: Credit Agreement (Sunstone Hotel Investors, Inc.)