Common use of Extension of the Stated Termination Date Clause in Contracts

Extension of the Stated Termination Date. Unless a ---------------------------------------- Letter of Credit shall have expired in accordance with its terms on the Cancellation Date, at least 75 but not more than 120 days before each anniversary of the Date of Issuance of such Letter of Credit, commencing on the anniversary thereof in 1996, the Company may, by notice to the Administrative Agent, request the Banks in writing (each such request being irrevocable) to extend for one year the Stated Termination Date of such Letter of Credit. If the Company shall make such request, the Administrative Agent shall, no later than 30 days following the date on which the Administrative Agent shall have received such request, notify the Company in writing (with a copy of such notice to the Trustee) whether or not all of the Banks consent to such request and, if all of the Banks do so consent, the conditions of such consent (including conditions relating to legal documentation). If the Administrative Agent shall not so notify the Company, the Banks shall be deemed not to have consented to such request. In connection with such extension, the Banks may at their option do or require any of the following: (a) issue an amendment to such Letter of Credit to the Trustee reflecting the extension of the scheduled expiration date, (b) cause the Company to cause the Trustee to return the Letter of Credit to the LC Bank and thereafter (i) the LC Bank shall return the Letter of Credit after amendment thereof to reflect the extension of the scheduled expiration date or (ii) cancel the Letter of Credit and issue to the Trustee, in substitution therefor, a substitute irrevocable letter of credit in the form of Exhibit A hereto, dated the date of such surrender, reflecting the extension of the scheduled expiration date but otherwise having terms substantially identical to the Letter of Credit being so extended.

Extension of the Stated Termination Date. Unless a ---------------------------------------- Letter of Credit shall have expired in accordance with its terms on the Cancellation Date, at least 75 but not more than 120 days before each anniversary of the Date of Issuance of such Letter of Credit, commencing on the anniversary thereof in 1996, the Company may, by notice to the Administrative Agent, request the Banks in writing (each such request being irrevocable) to extend for one year the Stated Termination Date of such Letter of Credit. If the Company shall make such request, the Administrative Agent shall, no later than 30 days following the date on which the Administrative Agent shall have received such request, notify the Company in writing (with a copy of such notice to the Trustee) whether or not all of the Banks consent to such request and, if all of the Banks do so consent, the conditions of such consent (including conditions relating to legal documentation). If the Administrative Agent shall not so notify the Company, the Banks shall be deemed not to have consented to such request. In connection with such extension, the Banks may at their option do or require any of the following: (a) issue an amendment to such Letter of Credit to the Trustee reflecting the extension of the scheduled expiration date, (b) cause the Company to cause the Trustee to return the Letter of Credit to the LC Bank and thereafter (i) the LC Bank shall return the Letter of Credit after amendment thereof to reflect the extension of the scheduled expiration date or (ii) cancel the Letter of Credit and issue to the Trustee, in substitution therefor, a substitute irrevocable letter of credit in the form of Exhibit A hereto, dated the date of such surrender, reflecting the extension of the scheduled expiration date but otherwise having terms substantially identical to the Letter of Credit being so extended.scheduled