Common use of Minimum Extension Requirement Clause in Contracts

Minimum Extension Requirement. If (and only if) the total of the Revolving Commitments of the Revolving Lenders that have agreed so to extend their Maturity Date with respect to the Revolving Facility (each, an “Extending Lender”) and the additional Revolving Commitments of the Additional Revolving Lenders shall be more than 50% of the aggregate amount of the Revolving Commitments in effect immediately prior to the relevant Anniversary Date, then, effective as of the relevant Anniversary Date, the Maturity Date of each Extending Lender and of each Additional Revolving Lender shall be extended to the date falling one year after the then-existing Maturity Date (except that, if such date is not a Business Day, such Maturity Date as so extended shall be the next preceding Business Day) and each Additional Revolving Lender shall thereupon become a “Revolving Lender” for all purposes of this Agreement.

Minimum Extension Requirement. If (and only if) the total of the Revolving Commitments of the Revolving Lenders that have agreed so to extend their Commitments in connection with the Maturity Date with respect to the Revolving Facility Extension (each, an “Extending Lender”) and the additional Revolving Commitments of the Additional Revolving Commitment Lenders shall be more than 50% of the aggregate amount of the Revolving Commitments in effect immediately prior to the relevant Anniversary Notice Date, then, effective as of the relevant Anniversary Notice Date, or such later date as the Administrative Agent and the Borrower shall agree, the Maturity Date of the Commitments of each Extending Lender and of each Additional Revolving Commitment Lender shall be extended to the date falling one year after the then-existing Existing Maturity Date (except that, if such date is not a Business Day, such Maturity Date as so extended shall be the next preceding Business Day) and each Additional Revolving Commitment Lender shall thereupon become a “Revolving Lender” for all purposes of this Agreement.

Minimum Extension Requirement. If (and only if) the total of the Revolving Commitments of the Revolving Lenders that have agreed so to extend their Maturity Date with respect to the Revolving Facility (each, an “Extending Lender”) and the additional Revolving Commitments of the Additional Revolving Commitment Lenders shall be more than 50% of the aggregate amount of the Revolving Commitments in effect immediately prior to the relevant Anniversary Initial Maturity Date, then, effective as of the relevant Anniversary Initial Maturity Date, the Revolving Maturity Date of each Extending Lender and of each Additional Revolving Commitment Lender shall be extended to the date falling one year after the then-existing Initial Maturity Date (except that, if such date is not a Business Day, such Maturity Date as so extended shall be the next preceding Business Day) and each Additional Revolving Commitment Lender (if not already a Lender) shall thereupon become a “Revolving Lender” for all purposes of this Agreement.

Minimum Extension Requirement. If (and only if) the total of (i) the Revolving Commitments of the Revolving Lenders that have agreed so to extend their Maturity Date in accordance with respect to the Revolving Facility this Section (each, an “Extending Lender”) and (ii) the additional Revolving Commitments of the Additional Revolving Commitment Lenders shall be more than 50% of the aggregate amount of the Revolving Commitments in effect immediately prior to the relevant Anniversary Existing Maturity Date, then, effective as of the relevant Anniversary Dateeffective date of the Assignment and Assumption, the Maturity Date of each Extending Lender and of each Additional Revolving Commitment Lender shall be extended to the date falling one year after the then-existing Existing Maturity Date (except that, if such date is not a Business Day, such Maturity Date as so extended shall be the next preceding Business Day) and each Additional Revolving Commitment Lender that is not already a Lender shall thereupon become a “Revolving Lender” for all purposes of this Agreement.

Minimum Extension Requirement. If (and only if) the total of the Revolving Commitments of the Revolving Lenders that have agreed so to extend their Maturity Date with respect to the Revolving Facility (each, an “Extending Lender”) and the additional Revolving Commitments of the Additional Revolving Commitment Lenders shall be more than 50% of the aggregate amount of the Revolving Commitments in effect immediately prior to the relevant Anniversary Existing Maturity Date, then, effective as of the relevant Anniversary Datedate of such agreement by such Lenders, the Maturity Date in respect of the Revolving Commitments of each Extending Lender and of each Additional Revolving Commitment Lender shall be extended to the date falling one year 365 days after the then-existing Existing Maturity Date (except that, if such date is not a Business Day, such Maturity Date as so extended shall be the next preceding Business Day) and each Additional Revolving Commitment Lender shall thereupon become a “Revolving Lender” for all purposes of this Agreement.

Minimum Extension Requirement. If (and only if) the total of the Revolving Commitments of the Revolving Lenders that have agreed so to extend their Maturity Date with respect to the Revolving Facility (each, an “Extending Lender”) and the additional Revolving Commitments of the Additional Revolving Commitment Lenders shall be more than 50% of the aggregate amount of the Revolving Commitments in effect immediately prior to the relevant Applicable Anniversary Date, then, effective as of the relevant Applicable Anniversary Date, the Maturity Date of each Extending Lender and of each Additional Revolving Commitment Lender shall be extended to the date falling one year after the then-existing most recent Existing Maturity Date (except that, if such date is not a Business Day, such Maturity Date as so extended shall be the next preceding Business Day) and each Additional Revolving Commitment Lender shall thereupon become a “Revolving Lender” for all purposes of this Agreement.

Minimum Extension Requirement. If (and only if) the total of the Revolving Commitments of the Revolving Lenders that have agreed so to extend their Existing Maturity Date with respect to the Revolving Facility (each, an “Extending Lender”) and the additional Revolving Commitments of the Additional Revolving Commitment Lenders shall be more than 50% of the aggregate amount of the Revolving Commitments in effect immediately prior to the relevant Anniversary Date, then, effective as of the relevant Anniversary Date, the Maturity Date of each Extending Lender and of each Additional Commitment Lender in respect of the Revolving Lender Credit Facilities shall be extended to the date falling that is one year after the then-existing Existing Maturity Date (except that, if such date is not a Business Day, such Maturity Date as so extended shall be the next preceding Business Day) and each Additional Revolving Commitment Lender shall thereupon become a “Revolving Lender” for all purposes of this Agreement.

Minimum Extension Requirement. If (and only if) the total of the Revolving Commitments of the Revolving Lenders that have agreed so to extend their Maturity Date with respect to the Revolving Facility (each, an “Extending Lender”) and the additional Revolving Commitments of the Additional Revolving Commitment Lenders shall be more than 50% of the aggregate amount of the Revolving Commitments in effect immediately prior to the relevant Anniversary Existing Maturity Date, then, effective as of the relevant Anniversary Datedate of such agreement by such Revolving Lenders, the Maturity Date in respect of the Revolving Commitments of each Extending Lender and of each Additional Revolving Commitment Lender shall be extended to the date falling one year 365 days after the then-existing Existing Maturity Date (except that, if such date is not a Business Day, such Maturity Date as so extended shall be the next preceding Business Day) and each Additional Revolving Commitment Lender shall thereupon become a “Revolving Lender” for all purposes of this Agreement.

Minimum Extension Requirement. If (and only if) the total of (i) the Revolving Commitments of the Revolving Lenders that have agreed so to extend their Maturity Date in accordance with respect to the Revolving Facility this Section (each, an “Extending Lender”) and (ii) the additional Revolving Commitments of the Additional Revolving Commitment Lenders shall be more than 50% of the aggregate amount of the Revolving Commitments in effect immediately prior to the relevant Anniversary Existing Maturity Date, then, effective as of the relevant Anniversary Existing Maturity Date, the Maturity Date of each Extending Lender and of each Additional Revolving Commitment Lender shall be extended to the date falling one year after the then-existing Existing Maturity Date (except that, if such date is not a Business Day, such Maturity Date as so extended shall be the next preceding Business Day) and each Additional Revolving Commitment Lender that is not already a Lender shall thereupon become a “Revolving Lender” for all purposes of this Agreement.

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Revolving Lenders that have agreed so to extend their Revolving Credit Maturity Date with respect to the Revolving Facility (each, an “Extending Lender”) and the additional Revolving Credit Commitments of the Additional Revolving Commitment Lenders shall be more than 50% of the aggregate amount of the Aggregate Revolving Credit Commitments in effect immediately prior to the relevant Anniversary applicable Extension Date, then, effective as of the relevant Anniversary applicable Extension Date, the Revolving Credit Maturity Date of each Extending Lender and of each Additional Revolving Commitment Lender shall be extended to the date falling one year after the then-existing Revolving Credit Maturity Date (except that, if such date is not a Business Day, such Revolving Credit Maturity Date as so extended shall be the next preceding Business Day) and each Additional Revolving Commitment Lender shall thereupon become a “Revolving Lender” for all purposes of this Agreement.