Common use of Extension of Scheduled Termination Date Clause in Contracts

Extension of Scheduled Termination Date. Between 60 and 45 days prior to the scheduled Termination Date, the Funds and Portfolios may, by written notice to the Agent, request that all Banks extend for an additional 364 days the scheduled Termination Date. The Agent shall deliver a copy of such notice to each Bank promptly following its receipt thereof. Such extension so requested shall become effective on the then- current scheduled Termination Date if (and only if) on or prior to 30 days after such notice, each Bank shall have consented to such extension in writing by notice to the Agent. If a Bank shall not respond to any such request, it shall be deemed to have refused to extend. The Agent shall promptly inform the Funds and Portfolios of each Bank's consent to or rejection of, or failure to consent to, any Termination Date extension request. If any Bank (a "NON-EXTENDING BANK") shall not agree to such extension, but Banks holding at least 66 2/3% of the Commitments shall agree to such extension, the Funds and Portfolios may request one or more of the other Banks to purchase the Commitment of the Non-Extending Bank or, with the consent of the Agent, the Funds and Portfolios may request an Eligible Lender to purchase the Commitment of the Non-Extending Bank (any such Bank or Eligible Lender purchasing all or a portion of such Commitment being called a "REPLACEMENT BANK"). Any such purchase by a Replacement Bank shall be subject to the terms of SECTION 13.8(b), except that the relevant Fund(s) and/or Portfolio(s) shall pay any cost related to breakage of existing Interest Periods or the cost of funding existing Loans for the remainder of existing Interest Periods.

Extension of Scheduled Termination Date. Between 60 and 45 days prior to the scheduled Termination Date, the Funds and Portfolios may, by written notice to the Agent, request that all Banks extend for an additional 364 days the scheduled Termination Date. The Agent shall deliver a copy of such notice to each Bank promptly following its receipt thereof. Such extension so requested shall become effective on the then- then-current scheduled Termination Date if (and only if) on or prior to 30 days after such notice, each Bank shall have consented to such extension in writing by notice to the Agent. If a Bank shall not respond to any such request, it shall be deemed to have refused to extend. The Agent shall promptly inform the Funds and Portfolios of each Bank's consent to or rejection of, or failure to consent to, any Termination Date extension request. If any Bank (a "NONNon-EXTENDING BANKExtending Bank") shall not agree to such extension, but Banks holding at least 66 2/366% of the Commitments shall agree to such extension, the Funds and Portfolios may request one or more of the other Banks to purchase the Commitment of the Non-Extending Bank or, with the consent of the Agent, the Funds and Portfolios may request an Eligible Lender to purchase the Commitment of the Non-Extending Bank (any such Bank or Eligible Lender purchasing all or a portion of such Commitment being called a "REPLACEMENT BANKReplacement Bank"). Any such purchase by a Replacement Bank shall be subject to the terms of SECTION Section 13.8(b), except that the relevant Fund(s) and/or Portfolio(s) shall pay any cost related to breakage of existing Interest Periods or the cost of funding existing Loans for the remainder of existing Interest Periods.

Extension of Scheduled Termination Date. Between 60 and 45 days prior to the scheduled Termination Date, the Funds and Portfolios may, by written notice to the Administrative Agent and Documentation Agent, request that all Banks extend for an additional 364 days the scheduled Termination Date. The Administrative Agent and Documentation Agent shall deliver a copy of such notice to each Bank promptly following its receipt thereof. Such extension so requested shall become effective on the then- then-current scheduled Termination Date if (and only if) on or prior to 30 days after such notice, each Bank shall have consented to such extension in writing by notice to the Administrative Agent and Documentation Agent. If a Bank shall not respond to any such request, it shall be deemed to have refused to extend. The Administrative Agent and Documentation Agent shall promptly inform the Funds and Portfolios of each Bank's consent to or rejection of, or failure to consent to, any Termination Date extension request. If any Bank (a "NONNon-EXTENDING BANKExtending Bank") shall not agree to such extension, but Banks holding at least 66 66-2/3% of the Commitments shall agree to such extension, the Funds and Portfolios may request one or more of the other Banks to purchase the Commitment of the Non-Extending Bank or, with the consent of the Administrative Agent and Documentation Agent, the Funds and Portfolios may request an Eligible Lender to purchase the Commitment of the Non-Extending Bank (any such Bank or Eligible Lender purchasing all or a portion of such Commitment being called a "REPLACEMENT BANKReplacement Bank"). Any such purchase by a Replacement Bank shall be subject to the terms of SECTION Section 13.8(b), except that the relevant Fund(s) and/or Portfolio(s) shall pay any cost related to breakage of existing Interest Periods or the cost of funding existing Loans for the remainder of existing Interest Periods.