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

Extension of the Stated Termination Date. At least one hundred and eighty days before the Stated Termination Date, the Company may request the Bank in writing to extend the Stated Termination Date for one year for purposes of this Agreement and the Letter of Credit. If the Company shall make such a request, the Bank shall, on or before the date one hundred forty days preceding the Stated Termination Date, notify the Company in writing whether or not the Bank will extend the Stated Termination Date and, if the Bank does so elect, the conditions of such extension (including conditions relating to legal documentation and pricing, such as fees for renewal and drawings). If the Bank shall not so notify the Company, the Bank shall be deemed to have not consented to such request. All requests and notices made pursuant to this Section 2.13 shall also be delivered to the Bond Trustee.

Extension of the Stated Termination Date. At least Not earlier than one hundred and eighty fifty (150) days before the Stated Termination Date, the Company may request the Bank in writing to extend the Stated Termination Date for one year for purposes of this Agreement and the Letter of Credit. If the Company shall make such a request, the Bank shall, on or before the date one hundred forty sixty (60) days preceding the Stated Termination Date, notify the Company in writing whether or not the Bank will extend the Stated Termination Date and, if the Bank does so elect, the conditions of such extension (including conditions relating to legal documentation and pricing, such as fees for renewal and drawings). If the Bank shall not so notify the Company, the Bank shall be deemed to have not consented to such request. All requests and notices made pursuant to this Section 2.13 shall also be delivered to the Bond Trustee.