Common use of Extensions of Scheduled Termination Date Clause in Contracts

Extensions of Scheduled Termination Date. Not more than 90 days, but prior to 75 days before the Scheduled Termination Date then in effect, the Seller may request that each Committed Purchaser extend its Commitment for an additional 364 days. Each Committed Purchaser shall respond to such request not later than 45 days before the then Scheduled Termination Date. If, by the date 45 days before the then Scheduled Termination Date, any Committed Purchaser (a "Non-Consenting Purchaser") has not notified the Agent it agrees to so extend its Commitment for an additional 364 day period, unless any other Committed Purchaser (including any Person who thereby becomes a Committed Purchaser) assumes the Commitment of each such Non-Consenting Lender on or before the date 45 days before the then Scheduled Termination Date and agrees to extend such Commitment for an additional 364 day period, the Scheduled Termination Date shall not be extended. If all Committed Purchasers agree to extend the Scheduled Termination Date, or if the Commitment of each Non-Consenting Purchaser is assumed by another Committed Purchaser pursuant to the -42- preceding sentence, the Scheduled Termination Date shall be extended for an additional 364 day period. Otherwise the Scheduled Termination Date shall take place as scheduled.

Extensions of Scheduled Termination Date. Not more than 90 days, but prior to 75 days before the Scheduled Termination Date then in effect, the Seller may request that each Committed Purchaser extend its Commitment for an additional 364 days. Each Committed Purchaser shall respond to such request not later than 45 days before the then Scheduled Termination Date. If, by the date 45 days before the then Scheduled Termination Date, any Committed Purchaser (a "Non-Consenting Purchaser") has not notified the Agent it agrees to so extend its Commitment for an additional 364 day period, unless any other Committed Purchaser (including any Person who thereby becomes a Committed Purchaser) assumes the Commitment of each such Non-Consenting Lender on or before the date 45 days before the then Scheduled Termination Date and agrees to extend such Commitment for an additional 364 day period, the Scheduled Termination Date shall not be extended. If all Committed Purchasers agree to extend the Scheduled Termination Date, or if the Commitment of each Non-Consenting Purchaser is assumed by another Committed Purchaser pursuant to the -42- preceding sentence, the Scheduled Termination Date shall be extended for an additional 364 day period. Otherwise the Scheduled Termination Date shall take place as scheduled.