Common use of Extension of Stated Maturity Date Clause in Contracts

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. 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 dateBusiness Day that is not later than three hundred sixty-four (364) 364 days after the then-effective Stated Maturity Date, no more than two timesone time, 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 each Committed Lender willing to extend the term of its Commitment as so requested consents in writing (each such extension by the Administrative Agent and the LendersLender, an “Extending Lender”) to such Facility Extension Request;, and (c) payment to Administrative Agent for the benefit of the Extending Lenders of a facility extension fee in an amount equal to twenty-five basis points on the then-existing aggregate Commitments of the Extending Lenders (i.e., 0.25% times the then-existing aggregate Commitments of the Extending Lenders). Such extension shall be agreed to among the parties at the time evidenced by delivery of such extension. Administrative Agent agrees to deliver written confirmation of any extension the same by Administrative Agent and the Extending Lenders 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. 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 date that is not later than three hundred sixty-four (364) 364 days after the then-then- effective Stated Maturity Date, no more than two times, 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 each Committed Lender willing to extend the term of its Commitment as so requested consents in writing (each such extension by the Administrative Agent and the LendersLender, an “Extending Lender”) to such Facility Extension Request; and (c) payment to Administrative Agent for the benefit of the Extending Lenders of a facility extension fee in an amount equal to twenty-five basis points on the then-existing aggregate Commitments of the Extending Lenders (i.e., 0.25% times the then-existing aggregate Commitments of the Extending Lenders). Such extension shall be agreed to among the parties at the time evidenced by delivery of such extension. Administrative Agent agrees to deliver written confirmation of any extension the same by Administrative Agent and the Extending Lenders 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.