Common use of Extension of Scheduled Maturity Date Clause in Contracts

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. 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 Letter Agreement 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. 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).