Extension of Stated Maturity Date Sample Clauses

Extension of Stated Maturity Date. The Borrower Parties shall have an option to extend the Stated Maturity Date then in effect for one (1) additional term of not more than twelve (12) months, subject to the consent of the Administrative Agent and each extending Lender (such extension shall be referred to herein as an “Extension”) and subject to satisfaction of the following conditions precedent: (a) on or prior to the proposed date of such Extension, the Borrower Parties shall have paid to the Administrative Agent for the benefit of the extending Lenders the Extension Fee, payable to each such Lender ratably based on its share of the Commitments subject to extension; (b) as of the proposed date of such Extension and immediately after giving effect thereto, the representations and warranties set forth herein and in the other Loan Documents are true and correct in all material respects with the same force and effect as if made on and as of such date (except to the extent that such representations and warranties expressly relate to an earlier date); provided that if a representation or warranty is qualified as to materiality, with respect to such representation or warranty, the foregoing materiality qualifier shall be disregarded for the purposes of this condition; (c) no Default or Event of Default shall have occurred and be continuing on the date on which notice is given in accordance with the following clause (d) or on the date of such extension; (d) the Borrower Parties shall have delivered a Facility Extension Request with respect to the Stated Maturity Date to the Administrative Agent not less than thirty (30) days prior to the Stated Maturity Date then in effect (or such shorter period as the Administrative Agent may agree in writing); and (e) the Borrower Parties shall have delivered to the Lenders a new or updated Beneficial Ownership Certification, as applicable, in relation to each Borrower Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation, if so requested by the Administrative Agent prior to the effectiveness of any extension to the Maturity Date.

Extension of Stated Maturity Date. So long as (x) no Event of Default or Default has occurred and is continuing on the date on which notice is given in accordance with the following clause (a) or on the Stated Maturity Date and (y) the representations and warranties contained in Section 7 or in any other Loan Document are true and correct in all material respects on and as of the date on which notice is given in accordance with the following clause (a) and on the Stated Maturity Date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they were true and correct in all material respects as of such earlier date, and except that for purposes of this Section 2.18, the representations and warranties contained in Section 7.07 are hereby deemed to refer to the most recent financial statements furnished pursuant to clauses (a) and (b), respectively, of Section 8.01, the Borrowers may extend the Stated Maturity Date to a Business Day that is not later than 12 months after the then-effective Stated Maturity Date, no more than one time, upon: (a) delivery of a Facility Extension Request to Administrative Agent at least 30 days, but no more than 90 days, prior to the Stated Maturity Date then in effect or such shorter time period as Administrative Agent may agree; (b) payment to Administrative Agent for the benefit of the Lenders of a facility extension fee equal to 25 basis points on the then-existing Maximum Commitment; and (c) payment by the Borrowers of all fees to Administrative Agent and the Lenders to the extent then due. Administrative Agent agrees to deliver written confirmation of any extension to the Borrowers.

Extension of Stated Maturity Date. The Borrowers shall have an option to extend the Stated Maturity Date then in effect for up to one (1) additional term, not longer than 364 days, subject to satisfaction of the following conditions precedent: (a) as of the date of the Extension Request referred to in clause (d) below and on the Stated Maturity Date before giving effect to such extension, the representations and warranties contained in Section 7 shall be true and correct in all material respects, with the same force and effect as if made on and as of such date; except to the extent that such representations and warranties specifically refer to any earlier date, in which case they shall be true and correct as of such earlier date and except that for the purposes of this Section 2.15(a), the representations and warranties contained in Section 7.07 shall be deemed to refer to the most recent financial statements furnished pursuant to clauses (a) and (b), respectively, of Section 8.01; (b) the Borrowers shall pay the applicable Facility Extension Fee; (c) no Default or Event of Default shall have occurred and be continuing on the date on which notice is given in accordance with the following clause (d) or on the then current Stated Maturity Date; (d) the Borrowers shall have delivered an Extension Request with respect to the then current Stated Maturity Date to the Administrative Agent not less than thirty (30) days prior to the then current Stated Maturity Date then in effect (which shall be promptly forwarded by the Administrative Agent to each Lender); (e) the Stated Maturity Date specified in such Extension Request shall not exceed the date which is forty-five (45) days prior to the date on which the Borrower Parties’ (or the Managing Entities thereof, as applicable) ability to call Capital Commitments for the purpose of repaying the Obligations is terminated pursuant to any applicable Governing Agreement; and (f) the Borrowers and their Managing Entities shall have delivered to the Lenders a new or updated Beneficial Ownership Certification, as applicable, in relation to each Borrower and Managing Entity that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation, if so requested by the Administrative Agent prior to the effectiveness of any extension to the Stated Maturity Date.

Extension of Stated Maturity Date. The Borrower shall have the option to extend the Stated Maturity Date for one year beyond September 16, 2018 by giving written notice of such extension to the Administrative Agent not later than 60 days prior to September 16, 2018.

Extension of Stated Maturity Date. (a) Without further action by or consent from the Lenders, the Stated Maturity Date shall be extended to October 26, 2011 (or, if such date is not a Business Day, the next preceding Business Day) if the following requirements are satisfied on or before September 25, 2007: (i) if the Restructuring has not occurred prior to such date, the Borrower shall have provided to the Administrative Agent the following, in form and substance satisfactory to the Administrative Agent (A) a copy of the securities certificate registered with the Pennsylvania Public Utility Commission (the “Securities Certificate”) and of the order of the Pennsylvania Public Utility Commission approving the Borrower’s incurring indebtedness hereunder with a maturity date of October 26, 2011, (B) an opinion of counsel to the Borrower (which may be internal counsel) stating that (x) the Securities Certificate has been registered with the Pennsylvania Public Utility Commission in accordance with Chapter 19 of the Pennsylvania Public Utility Code and by virtue of such registration, authorizes the Borrower to incur indebtedness hereunder with a maturity date of October 26, 2011, and (y) no other Authorizations are required by the Pennsylvania Public Utility Commission or by the PUC in any other state identified by the Borrower as being a state in which the Borrower or any of its Subsidiaries is subject to regulation by a PUC, (C) copies of corporate resolutions certified by the Secretary or Assistant Secretary of the Borrower, or such other evidence as may be satisfactory to the Administrative Agent, demonstrating that the Borrower’s incurrence of indebtedness hereunder with a maturity date of October 26, 2011 has been duly authorized by all necessary corporate action, together with an opinion of counsel to the Borrower (which may be internal counsel) to such effect, and (D) a certificate of a Responsible Officer of the Borrower stating that all federal and state Authorizations required in order to permit the Borrower to incur indebtedness hereunder with a maturity date of October 26, 2011 have been obtained, listing any such Authorizations obtained and attaching true and correct copies thereof, or stating that no such Authorizations are required; or (ii) if the Restructuring has occurred prior to such date, the Borrower shall have provided to the Administrative Agent (A) an opinion of counsel (which may be internal counsel) in form and substance reasonably satisfactory to the Administrative Age...

Extension of Stated Maturity Date. So long as no (x) Event of Default or Default shall have occurred and be continuing on the Stated Maturity Date and (y) the representations and warranties contained in Section 8 or in any other Loan Document shall be true and correct in all material respects on, and as of, the Stated Maturity Date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct in all material respects as of such earlier date, and except that for purposes of this Section 2.16, the representations and warranties contained in Section 8.06 shall be deemed to refer to the most recent financial statements furnished pursuant to clauses (a) and (b), respectively, of Section 9.01, Borrower may request to extend the Stated Maturity Date to a Business Day that is not later than three hundred sixty-four (364) days after the then-effective Stated Maturity Date, upon (the date such conditions are satisfied, the “Facility Extension Effective Date”): (a) delivery of a Facility Extension Request to Administrative Agent not less than fifteen (15) days prior to the Stated Maturity Date then in effect; (b) approval of such extension by the Administrative Agent and the Lenders, and (c) payment to Administrative Agent for the benefit of the Lenders of a facility extension fee in an amount to be agreed to among the parties at the time of such extension. Administrative Agent agrees to deliver written confirmation of any extension to the Borrower. On the Facility Extension Effective Date, Borrower shall prepay any Loans outstanding on such date (together with all accrued interest thereon and any additional amounts required pursuant to Section 4.05) to the extent necessary to keep outstanding Loans ratable with any revised Applicable Percentages of the respective Lenders effective as of such date. This Section 2.16 shall supersede any provisions in Sections 13.01 or 13.03 to the contrary.

Extension of Stated Maturity Date. The Loan Agreement is hereby amended by deleting Item 5 of the Schedule and substituting the following in lieu thereof:

Extension of Stated Maturity Date. So long as no (x) Event of Default or Default shall have occurred and be continuing on the Stated Maturity Date and (y) the representations and warranties contained in Section 8 or in any other Loan Document shall be true and correct in all material respects on, and as of, the Stated Maturity Date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct in all material respects as of such earlier date, and except that for purposes of this Section 2.16, the representations and warranties contained in Section 8.06 shall be deemed to refer to the most recent financial statements furnished pursuant to clauses (a) and (b), respectively, of Section 9.01, Borrower may extend the Stated Maturity Date to a Business Day that is not later than threesix (36) months after the then-effective Stated Maturity Date, no more than once, upon (the date such conditions are satisfied, the “Facility Extension Effective Date”): (a) delivery of a Facility Extension Request to Administrative Agent not less than ten (10) days prior to the Stated Maturity Date then in effect; and (b) payment to Administrative Agent for the benefit of the Lenders of a facility extension fee as set forth in a separate fee letter agreement.

Extension of Stated Maturity Date. The Borrower may, within 60 days but not less than 45 days prior to the Stated Maturity Date, make a request to extend the date set forth in the definition of “Stated Maturity Date” for an additional period of one year. The Stated Maturity Date may be extended by one year by mutual agreement among the Agent, the Note Purchaser, the Borrower and the Servicer (such extension, the “Initial Extension”). Following such Initial Extension, the Borrower may, within 60 days but not less than 45 days prior to the Stated Maturity Date (as revised by the Initial Extension), make a request to extend the date set forth in the definition of “Stated Maturity Date” (as revised by the Initial Extension) for an additional period of one year. The Stated Maturity Date (as revised by the Initial Extension) may be extended by one year upon the mutual agreement among the Agent, the Note Purchaser, the Borrower and the Servicer (such extension, the “Second Extension”). The effectiveness of either the Initial Extension or the Second Extension shall be conditioned upon the payment of the Additional Structuring Fee (as defined in the Fee Letter) to the Agent for the Agent’s own account, in immediately available funds. The Borrower confirms that the Note Purchaser and the Agent, in their sole and absolute discretion, without regard to the value or performance of the Loan Assets or any other factor, may elect not to extend the Stated Maturity Date.