Common use of Extension of Scheduled Maturity Date Clause in Contracts

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.