Extension of Scheduled Maturity Date Sample Clauses
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Extension of Scheduled Maturity Date. (a) Not earlier than 60 days prior to, nor later than 30 days prior to, an anniversary of the Closing Date, the Parent Borrower may, upon notice to the Administrative Agent (who shall promptly notify the Lenders), request a one year extension of the Scheduled Maturity Date for each of the Lenders. The Parent Borrower may request such an extension no more than four times. Within 15 days of delivery of such notice, each Lender shall notify the Administrative Agent whether or not it consents to such extension (which consent may be given or withheld in such Lender’s sole and absolute discretion). Any Lender not responding within the above time period shall be deemed not to have consented to such extension. The Administrative Agent shall promptly notify the Parent Borrower and the Lenders of the Lenders’ responses. If any Lender declines, or is deemed to have declined, to consent to such extension (a “Non-Extending Lender”), the Parent Borrower may cause any such Non-Extending Lender to be removed or replaced as a Lender pursuant to Section 10.15.
(b) The Scheduled Maturity Date for each Consenting Lender (defined below) shall be extended only if Lenders holding more than 50% of the Commitments (calculated prior to giving effect to any removals and/or replacements of Lenders permitted herein) (the “Consenting Lenders”) have consented thereto, with respect only to Consenting Lenders and any Lender replacing a Non-Extending Lender pursuant to Section 10.15. If so extended, the Scheduled Maturity Date, as to each Consenting Lender and each Lender replacing a Non-Extending Lender pursuant to Section 10.15, shall be extended to the same date in the following year (the “Extension Effective Date”) but the pre-existing Scheduled Maturity Date shall remain in effect with respect to any Non-Extending Lender that is not replaced. The Administrative Agent and the Parent Borrower shall promptly confirm to the Lenders such extension and the Extension Effective Date. As a condition precedent to such extension, the Parent Borrower shall deliver to the Administrative Agent a certificate dated as of the date that would be the effective date of such extension (in sufficient copies for each Lender) signed by a Responsible Officer of the Parent Borrower (i) certifying and attaching the resolutions adopted by each Borrower approving or consenting to such extension, or if the Borrowers’ resolutions delivered pursuant to Section 4.01(a)(iii) provided for such extension, certifying tha...
Extension of Scheduled Maturity Date. Subject to the satisfaction of the conditions precedent set forth in Section 4 below, effective as of the Effective Date:
Extension of Scheduled Maturity Date. The Loan Agreement shall be deemed amended hereby by deeming the Scheduled Maturity Date thereunder to be July 31, 1999.
Extension of Scheduled Maturity Date. The Borrower may extend the applicable date set forth in the definition of "Scheduled Maturity Date" for any Term Loan Series for one additional period of two years ("Extension") so long as (i) the Borrower has given written notice of such election to the Administrative Agent (who shall promptly notify the Lenders) not less than 10 Business Days prior to the Scheduled Maturity Date, (ii) no Unmatured Event of Default or Event of Default has occurred and is continuing or would occur as a result of the Extension and (iii) the representations and warranties contained in Sections 4.01, 4.02 and 4.06 are true and correct in all material respects on the date of such request and the Scheduled Maturity Date being extended (or, in the case of any such representation or warranty expressly stated to have been made as of a specific date, as of such specific date). During the period of any Extension, (a) no new Advances will be required to be made under the applicable Term Loan Series, (b) the applicable provisions of the executed Term Loan Series Confirmation for such Term Loan Series shall apply with respect thereto and (c) no distributions shall be made to the Equityholder under Section 2.05(b) with respect to the applicable Term Loan Series during such Extension until the applicable Term Loan Series is paid in full. In connection with an Extension, the Scheduled Maturity Date for the applicable Term Loan Series shall be automatically extended as provided above and in conformance with Section 11.01(b).
Extension of Scheduled Maturity Date. Each Lender party hereto hereby (a) agrees to the Extension and (b) agrees that, effective as of the date hereof, the Scheduled Maturity Date with respect to such Lender’s Commitment shall be September 30, 2017. Notwithstanding anything to the contrary in Section 2.14 of the Credit Agreement, the Extension shall be deemed to have been effected pursuant to Section 2.14 of the Credit Agreement and, after giving effect to this Amendment, the Parent Borrower shall have the right to request additional one-year extensions of the Scheduled Maturity Date up to an additional three times pursuant to, and in accordance with, Section 2.14 of the Amended Credit Agreement. In addition, the parties hereto hereby agree and acknowledge that November 13, 2016 shall remain the Scheduled Maturity Date for each Lender that is not a party hereto.
Extension of Scheduled Maturity Date. Each Lender party hereto, other than each Lender designated in its signature page hereto as a Non-Extending Lender (a “Non-Extending Lender”), hereby (a) agrees to the Extension and (b) agrees that, effective as of the date hereof, the Scheduled Maturity Date with respect to such Lender’s Commitment shall be September 30, 2018 (each such extending Lender, an “Extending Lender”). Notwithstanding anything to the contrary in Section 2.14 of the Credit Agreement, the Extension shall be deemed to have been effected pursuant to Section 2.14 of the Credit Agreement and, after giving effect to this Amendment, the Parent Borrower shall have the right to request additional one-year extensions of the Scheduled Maturity Date up to an additional two times pursuant to, and in accordance with, Section 2.14 of the Credit Agreement. In addition, the parties hereto hereby agree and acknowledge that for each Non-Extending Lender, the Scheduled Maturity Date applicable to such Lender immediately prior to this Amendment shall remain the Scheduled Maturity Date for such Lender.
Extension of Scheduled Maturity Date. Not less than 90 days prior to the then existing Scheduled Maturity Date, the Administrator will, in consultation with Transferor, undertake a review of Transferor to determine whether the Scheduled Maturity Date may be extended, during which review Transferor may request such extension. Notwithstanding, the immediately preceding sentence, neither Transferee nor any Liquidity Bank shall have a commitment or obligation to extend the Scheduled Maturity Date. If Transferee and the Liquidity Banks agree, after consultation with the Administrator and in their sole discretion, to extend the Scheduled Maturity Date, they shall so advise the Administrator and the Administrator shall notify Transferor in writing by not later than the date that is 60 days prior to the then existing Scheduled Maturity Date. In the event the Administrator, on behalf of Transferee and the Liquidity Banks, shall fail to advise Transferor on or prior to the date that is 60 days prior to the then existing Scheduled Maturity Date, Transferee's request to extend the Scheduled Maturity Date shall be deemed to have been declined. Upon execution by Transferor, the Administrator, Transferee and the Liquidity Banks of an agreement in writing setting forth the parties agreement to extend the Scheduled Maturity Date, the "Scheduled Maturity Date" shall thereupon become the date as specified in such agreement. As of no date during the term of this Agreement shall the period from such date to the Scheduled Maturity Date then in effect exceed a period of 364 days.
Extension of Scheduled Maturity Date. (a) The Company may, by delivery to the Administrative Agent of written notice substantially in the form of Exhibit L hereto, request that the Scheduled Maturity Date be extended as set forth in subsection (b) below. The Administrative Agent shall give prompt notice to the Banks of each such request and each Bank shall, within thirty-five (35) days after delivery of such notice by the Administrative Agent, notify the Administrative Agent in writing whether it consents to such extension (which consent shall be in the sole discretion of each Bank). In the event that any Bank shall fail to so notify the Administrative Agent, such Bank shall be deemed to have refused to consent to such extension. If the Administrative Agent receives timely consents from Banks constituting Majority Banks (or the Company otherwise consents in writing), and subject to the satisfaction of the conditions precedent set forth in Section 8.01(b) (both before and after the requested extension), then:
(i) the Scheduled Maturity Date shall be extended as set forth in subsection (b) below;
(ii) each Bank consenting to the requested extension shall remain a Bank hereunder; and
(iii) each Bank not consenting to such extension shall, as of the Scheduled Maturity Date (without giving effect to the applicable extension thereof) and upon payment by the Company and the other Multicurrency Borrowers of all Obligations owing to such Bank, (1) cease to be a Bank hereunder, whereupon its Commitment shall terminate and each Tranche Commitment shall be correspondingly reduced, (2) if such Bank is an Agent, cease to be an Agent hereunder (and, if applicable, a successor Agent shall be appointed pursuant to Section 14.07), and (3) if such Bank is an Issuing Bank, cease to be an Issuing Bank hereunder (whereupon the applicable Tranche Commitment shall be reallocated in full to Tranche D, unless the Company shall previously have designated a replacement Issuing Bank and applicable Beneficiaries (each of which shall be acceptable to the Administrative Agent, the Bid Agent, and Asia Bid Agent) for such Tranche pursuant to the terms of this Agreement).
Extension of Scheduled Maturity Date a. Consent; Extension Effective Date. Subject to the satisfaction of the conditions precedent set forth in Section 9 below, each Lender that executes a signature page to this Extension Agreement (each, a “Extending Lender”, and each Lender declining to agree to the requested extension being called a “Non-Extending Lender”), (i) hereby consents to the Extension and (ii) agrees that the Maturity Date with respect to each Extending Lender shall be October 23, 2021. With respect to each Non-Extending Lender, the existing Maturity Date of October 23, 2020 shall remain in effect.
Extension of Scheduled Maturity Date. The Scheduled Maturity Date shall be subject to extension as set forth in this Section 2.9.