Future Extensions of Maturity. Notwithstanding anything herein to the contrary (including, without limitation Section 9.3), in the event of a future amendment to extend the maturity date of any Revolving Loan Commitments or Term Loans, the Company shall be permitted to reduce the Revolving Loan Commitments and repay the Revolving Loans and Term Loans of those Lenders who consent to such an extension in a greater proportion than those Lenders who do not so consent, and the Company and the Administrative Agent shall be authorized to amend this document in a manner that the Administrative Agent believes is necessary to reflect, or provide for the integration of, such an extension and reduction and shall submit such an amended document to those extending Lenders for their approvals and signatures.
Appears in 2 contracts
Sources: Amendment and Restatement Agreement (Meritor Inc), Credit Agreement (Meritor Inc)
Future Extensions of Maturity. Notwithstanding anything herein to the contrary (including, without limitation Section 9.3), in the event of a future amendment to extend the maturity date of any Revolving Loan Commitments or Term Loans, the Company shall be permitted to reduce the Revolving Loan Commitments and repay the Revolving Loans and Term Loans of those Lenders who consent to such an extension in a greater proportion than those Lenders who do not so consent, and the Company and the Administrative Agent shall be authorized to amend this document in a manner that the Administrative Agent believes is necessary to reflect, or provide for the integration of, such an extension and reduction (and, if applicable, reduction) and shall submit such an amended document to those extending Lenders for their approvals and signatures.
Appears in 1 contract