Minimum Extension Requirement. If (and only if) the total of the applicable Commitments of the Lenders of the applicable Class that have agreed to extend their Maturity Date and the new or increased Commitments of such Class of any Additional Commitment Lenders is more than 50% of the aggregate amount of the Commitments of such Class in effect immediately prior to the applicable Extension Date, then, effective as of the applicable Extension Date, the applicable Maturity Date of each Extending Lender and of each Additional Commitment Lender of the applicable Class shall be extended to the date that is one year after the Existing Maturity Date for such Class of Commitments (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 Commitment Lender of such Class shall thereupon become a “Revolving Lender” or a “Term Lender”, as the case may be, for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Revolving Lender or a Term Lender, as the case may be, hereunder and shall have the obligations of a Revolving Lender or a Term Lender, as the case may be, hereunder.
Appears in 2 contracts
Sources: Credit Agreement (Brown & Brown Inc), Credit Agreement (Brown & Brown Inc)
Minimum Extension Requirement. If (and only if) the total of the applicable Revolving Commitments or the applicable outstanding Term Loans of the Lenders of the applicable Class that have agreed to extend their Applicable Maturity Date and the new or increased Revolving Commitments or the applicable newly assumed outstanding Term Loans of such the applicable Class of any Additional Commitment Lenders is more than 50% of the aggregate amount of the Revolving Commitments of such Class or the applicable outstanding Term Loans, as applicable, in effect immediately prior to the applicable Extension Date, then, effective as of the applicable Extension Date, the applicable Applicable Maturity Date of each Extending Lender and of each Additional Commitment Lender of the applicable Class shall be extended to the date that is one year after the Existing Extended Maturity Date for such Class of Commitments (except that, if such date is not a Business Day, such Applicable Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender of such Class shall thereupon become a “Revolving Lender” or and/or a “Term Lender”, as the case may be, for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Revolving Lender or a and/or Term Lender, as the case may be, hereunder and shall have the obligations of a Revolving Lender or a and/or Term Lender, as the case may be, hereunder.
Appears in 2 contracts
Sources: Credit Agreement (Atmus Filtration Technologies Inc.), Credit Agreement (Cummins Inc)
Minimum Extension Requirement. If (and only if) the total of the applicable Revolving Commitments or the applicable outstanding Term Loans of the Lenders of the applicable Class class that have agreed to extend their Applicable Maturity Date and the new or increased Revolving Commitments of such Class or the applicable newly assumed outstanding Term Loans of any Additional Commitment Lenders is more than 50% of the aggregate amount of the Revolving Commitments of such Class or the outstanding Term Loans, as applicable, in effect immediately prior to the applicable Extension Date, then, effective as of the applicable Extension Date, the applicable Applicable Maturity Date of each Extending Lender and of each Additional Commitment Lender of the applicable Class class shall be extended to the date that is one year after the Existing Extended Maturity Date for such Class of Commitments (except that, if such date is not a Business Day, such Extended Maturity Date as so extended shall be the next preceding Business Day) ), and each Additional Commitment Lender of such Class class shall thereupon become a “Revolving Lender” or and/or a “Term Lender”, as the case may be, for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Revolving Lender or and/or a Term Lender, as the case may be, hereunder and shall have the obligations of a Revolving Lender or and/or a Term Lender▇▇▇▇ ▇▇▇▇▇▇, as the case may be, hereunder.
Appears in 2 contracts
Sources: Credit Agreement (UL Solutions Inc.), Credit Agreement (UL Inc.)
Minimum Extension Requirement. If (and only if) the total of the applicable Revolving Commitments or the applicable outstanding Term Loans of the Lenders of the applicable Class that have agreed to extend their Applicable Maturity Date and the new or increased Revolving Commitments or the applicable newly assumed outstanding Term Loans of such the applicable Class of any Additional Commitment Lenders is more than 50% of the aggregate amount of the Revolving Commitments of such Class or the applicable outstanding Term Loans, as applicable, in effect immediately prior to the applicable Extension Date, then, effective as of the applicable Extension Date, the applicable Applicable Maturity Date of each Extending Lender and of each Additional Commitment Lender of the applicable Class shall be extended to the date that is one year after the Existing Extended Maturity Date for such Class of Commitments (except that, if such date is not a Business Day, such Applicable Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender of such Class shall thereupon become a “Revolving Lender” or and/or a “Term Lender”, as the case may be, for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Revolving Lender or a and/or Term Lender, as the case may be, hereunder and shall have the obligations of a Revolving Lender or a Term Lenderand/or ▇▇▇▇ ▇▇▇▇▇▇, as the case may be, hereunder.
Appears in 1 contract
Sources: Credit Agreement (Atmus Filtration Technologies Inc.)
Minimum Extension Requirement. If (and only if) the total of the applicable Revolving Credit Commitments or the applicable outstanding Term Loans of the Lenders of the applicable Class that have agreed to extend their Applicable Maturity Date and the new or increased Revolving Credit Commitments of such Class or the applicable newly assumed outstanding Term Loans of any Additional Commitment Lenders is more than 50% of the aggregate amount of the Revolving Credit Commitments of such Class or the outstanding Term Loans, as applicable, in effect immediately prior to the applicable Extension Date, then, effective as of the applicable Extension Date, the applicable Applicable Maturity Date of each Extending Lender and of each Additional Commitment Lender of the applicable Class shall be extended to the date that is one year after the Existing Extended Maturity Date for such Class of Commitments (except that, if such date is not a Business Day, such Extended Maturity Date as so extended shall be the next preceding Business Day) ), and each Additional Commitment Lender of such Class shall thereupon become a “Revolving Credit Lender” or and/or a “Term Lender”, as the case may be, for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Revolving Credit Lender or and/or a Term Lender, as the case may be, hereunder and shall have the obligations of a Revolving Credit Lender or and/or a Term Lender, as the case may be, hereunder.
Appears in 1 contract
Sources: Credit Agreement (Teleflex Inc)
Minimum Extension Requirement. If (and only if) the total of the applicable Revolving Commitments or the applicable outstanding Term Loans of the Lenders of the applicable Class that have agreed to extend their Applicable Maturity Date and the new or increased Revolving Commitments of such Class or the applicable newly assumed outstanding Term Loans of any Additional Commitment Lenders is more than 50% of the aggregate amount of the Revolving Commitments of such Class or the applicable outstanding Term Loans, as applicable, in effect immediately prior to the applicable Extension Date, then, effective as of the applicable Extension Date, the applicable Applicable Maturity Date of each Extending Lender and of each Additional Commitment Lender of the applicable Class shall be extended to the date that is one year after the Existing Extended Maturity Date for such Class of Commitments (except that, if such date is not a Business Day, such Applicable Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender of such Class shall thereupon become a “Revolving Lender” or ”, a “Dollar Term Lender” and/or a “Euro Term Lender”, as the case may be, for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Revolving Lender, a Dollar Term Lender or a and/or Euro Term Lender, as the case may be, hereunder and shall have the obligations of a Revolving Lender, a Dollar Term Lender or and/or a Euro Term Lender, as the case may be, hereunder.
Appears in 1 contract
Minimum Extension Requirement. If (and only if) the total of the applicable Revolving Commitments or the applicable outstanding Term Loans of the Lenders of the applicable Class that have agreed to extend their Applicable Maturity Date and the new or increased Revolving Commitments of such Class or the applicable newly assumed outstanding Term Loans of any Additional Commitment Lenders is more than 50% of the aggregate amount of the Revolving Commitments of such Class or the applicable outstanding Term Loans, as applicable, in effect immediately prior to the applicable Extension Date, then, effective as of the applicable Extension Date, the applicable Applicable Maturity Date of each Extending Lender and of each Additional Commitment Lender of the applicable Class shall be extended to the date that is one year after the Existing Extended Maturity Date for such Class of Commitments (except that, if such date is not a Business Day, such Applicable Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender of such Class shall thereupon become a “Revolving Lender” or ”, and/or a “Term Lender”, as the case may be, for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Revolving LenderRevolving Lender or a and/or Term Lender, as the case may be, hereunder and shall have the obligations of a Revolving LenderRevolving Lender or and/or a Term Lender, as the case may be, hereunder.
Appears in 1 contract
Sources: Credit Agreement (PENTAIR PLC)
Minimum Extension Requirement. If (and only if) the total of the applicable Revolving Commitments of the Lenders of the applicable Class class that have agreed to extend their Applicable Maturity Date and the new or increased Revolving Commitments of such Class of any Additional Commitment Lenders is more than 50% of the aggregate amount of the Revolving Commitments of such Class in effect immediately prior to the applicable Extension Date, then, effective as of the applicable Extension Date, the applicable Applicable Maturity Date of each Extending Lender and of each Additional Commitment Lender of the applicable Class class shall be extended to the date that is one year after the Existing Extended Maturity Date for such Class of Commitments (except that, if such date is not a Business Day, such Extended Maturity Date as so extended shall be the next preceding Business Day) ), and each Additional Commitment Lender of such Class class shall thereupon become a “Revolving Lender” or a “Term Lender”, as the case may be, for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Revolving Lender or a Term Lender, as the case may be, hereunder and shall have the obligations of a Revolving Lender or a Term Lender, as the case may be, hereunder.
Appears in 1 contract
Sources: Credit Agreement (UL Solutions Inc.)
Minimum Extension Requirement. If (and only if) the total of the applicable Revolving Commitments or the applicable outstanding Term Loans of the Lenders of the applicable Class class that have agreed to extend their Applicable Maturity Date and the new or increased Revolving Commitments of such Class or the applicable newly assumed outstanding Term Loans of any Additional Commitment Lenders is more than 50% of the aggregate amount of the Revolving Commitments of such Class or the outstanding Term Loans, as applicable, in effect immediately prior to the applicable Extension Date, then, effective as of the applicable Extension Date, the applicable Applicable Maturity Date of each Extending Lender and of each Additional Commitment Lender of the applicable Class class shall be extended to the date that is one year after the Existing Extended Maturity Date for such Class of Commitments (except that, if such date is not a Business Day, such Extended Maturity Date as so extended shall be the next preceding Business Day) ), and each Additional Commitment Lender of such Class class shall thereupon become a “Revolving Lender” or and/or a “Term Lender”, as the case may be, for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Revolving Lender or and/or a Term Lender, as the case may be, hereunder and shall have the obligations of a Revolving Lender or and/or a Term Lender, as the case may be, hereunder.
Appears in 1 contract
Sources: Credit Agreement (UL Solutions Inc.)
Minimum Extension Requirement. If (and only if) the total of the applicable Revolving Commitments or the applicable outstanding Term Loans of the Lenders of the applicable Class that have agreed to extend their Applicable Maturity Date and the new or increased Revolving Commitments or the applicable newly assumed outstanding Term Loans of such the applicable Class of any Additional Commitment Lenders is more than 50% of the aggregate amount of the Revolving Commitments of such Class or the applicable outstanding Term Loans, as applicable, in effect immediately prior to the applicable Extension Date, then, effective as of the applicable Extension Date, the applicable Applicable Maturity Date of each Extending Lender and of each Additional Commitment Lender of the applicable Class shall be extended to the date that is one year after the Existing Extended Maturity Date for such Class of Commitments (except that, if such date is not a Business Day, such Applicable Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender of such Class shall thereupon become a “Revolving Lender” or a “Term A Lender”, as the case may be, for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Revolving Lender or a and/or Term A Lender, as the case may be, hereunder and shall have the obligations of a Revolving Lender or a and/or Term A Lender, as the case may be, hereunder.
Appears in 1 contract
Sources: Credit Agreement (Phinia Inc.)
Minimum Extension Requirement. If (and only if) the total of the applicable Revolving Commitments or the applicable outstanding Term Loans of the Lenders of the applicable Class that have agreed to extend their Applicable Maturity Date and the new or increased Revolving Commitments of such Class or the applicable newly assumed outstanding Term Loans of any Additional Commitment Lenders is more than 50% of the aggregate amount of the Revolving Commitments of such Class or the applicable outstanding Term Loans, as applicable, in effect immediately prior to the applicable Extension Date, then, effective as of the applicable Extension Date, the applicable Applicable Maturity Date of each Extending Lender and of each Additional Commitment Lender of the applicable Class shall be extended to the date that is one year after the Existing Extended Maturity Date for such Class of Commitments (except that, if such date is not a Business Day, such Applicable Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender of such Class shall thereupon become a “Revolving Lender” or ”, and/or a “Term Lender”, as the case may be, for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Revolving Lender or a and/or Term Lender, as the case may be, hereunder and shall have the obligations of a Revolving Lender or and/or a Term Lender, as the case may be, hereunder.
Appears in 1 contract
Minimum Extension Requirement. If (and only if) the total of the applicable Revolving Commitments or the applicable outstanding Term Loans of the Lenders of the applicable Class that have agreed to extend their Applicable Maturity Date and the new or increased Revolving Commitments or the applicable newly assumed outstanding Term Loans of such the applicable Class of any Additional Commitment Lenders is more than 50% of the aggregate amount of the Revolving Commitments of such Class or the applicable outstanding Term Loans, as applicable, in effect immediately prior to the applicable Extension Date, then, effective as of the applicable Extension Date, the applicable Applicable Maturity Date of each Extending Lender and of each Additional Commitment Lender of the applicable Class shall be extended to the date that is one year after the Existing Extended Maturity Date for such Class of Commitments (except that, if such date is not a Business Day, such Applicable Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender of such Class shall thereupon become a “Revolving Lender” or ”, and/or a “Term Lender”, as the case may be, for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Revolving Lender or a and/or Term Lender, as the case may be, hereunder and shall have the obligations of a Revolving Lender or a and/or Term Lender, as the case may be, hereunder.
Appears in 1 contract
Sources: Credit Agreement (ESAB Corp)
Minimum Extension Requirement. If (and only if) the total of the applicable Commitments of the Lenders of the applicable Class that have agreed to extend their Maturity Date and the new or increased Commitments of such Class of any Additional Commitment Lenders is more than 50% of the aggregate amount of the Term Loan Commitments of such Class in effect immediately prior to the applicable Extension Date, then, effective as of the applicable Extension Date, the applicable Maturity Date of each Extending Lender and of each Additional Commitment Lender of the applicable Class shall be extended to the date that is one year after the Existing Maturity Date for such Class of Term Loan Commitments (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 Commitment Lender of such Class shall thereupon become a “Revolving Term A-1 Lender” or a “Term A-2 Lender”, as the case may be, for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Revolving Term A-1 Lender or a Term A-2 Lender, as the case may be, hereunder and shall have the obligations of a Revolving Term A-1 Lender or a Term A-2 Lender, as the case may be, hereunder.
Appears in 1 contract
Sources: Loan Agreement (Brown & Brown, Inc.)
Minimum Extension Requirement. If (and only if) (i) in the case of any extension of the Maturity Date applicable to the Revolving Commitments, the total of the applicable Revolving Commitments of the Revolving Lenders of the applicable Class that have agreed to extend their Maturity Date and the new or increased Revolving Commitments of such Class of any Additional Commitment Lenders is more than 50% of the aggregate amount of the Revolving Commitments in effect immediately prior to the applicable Extension Date or (ii) in the case of such Class any extension of the Maturity Date applicable to the Term Loans, the total of outstanding principal amount of Term Loans held by Term Lenders that have agreed to extend their Maturity Date and the new or increased outstanding principal amount of Term Loans of any Additional Commitment Lenders is more than 50% of the aggregate outstanding principal amount of Term Loans in effect immediately prior to the applicable Extension Date, then, in each case, effective as of the applicable Extension Date, the applicable Maturity Date of each Extending Lender and of each Additional Commitment Lender of the applicable Class shall be extended to the date that is one year after the Existing Maturity Date for such Class of Commitments (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 Commitment Lender of such Class shall thereupon become a “Revolving Lender” or a “Term Lender”, as of the case may be, applicable Class for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Revolving Lender or a Term Lender, as of the case may be, applicable Class hereunder and shall have the obligations of a Revolving Lender or a Term Lender, as of the case may be, applicable Class hereunder.
Appears in 1 contract
Minimum Extension Requirement. If Subject to clause (f) of this Section, if (and only if) the total of the applicable Commitments and Incremental Term Loans of the Lenders of the applicable Class that have agreed to extend their Existing Maturity Date and the new or increased Commitments of such Class and assumed Incremental Term Loans of any Additional Commitment Lenders is more than 50% of the aggregate amount of the Commitments and Incremental Term Loans (other than the Commitments and Incremental Term Loans of such Class any Defaulting Lenders) in effect immediately prior to the applicable Extension Date, then, effective as of the applicable Extension Date, the applicable Maturity Date of each Extending Lender and of each Additional Commitment Lender of the applicable Class shall be extended with respect to its applicable Commitment or Loans to the date that is one year after the Existing Extended Maturity Date for such Class of Commitments (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 Commitment Lender of such Class shall thereupon become a “Revolving Lender” or a “Term Lender”, as the case may be, for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Revolving Lender or a Term Lender, as the case may be, hereunder and shall have the obligations of a Revolving Lender or a Term Lender, as the case may be, hereunder.
Appears in 1 contract
Sources: Credit Agreement (Agco Corp /De)
Minimum Extension Requirement. If (and only if) the total of the applicable Revolving Commitments or the applicable outstanding Term Loans of the Lenders of the applicable Class that have agreed to extend their Applicable Maturity Date and the new or increased Revolving Commitments or the applicable newly assumed outstanding Term Loans of such the applicable Class of any Additional Commitment Lenders is more than 50% of the aggregate amount of the Revolving Commitments of such Class or the applicable outstanding Term Loans, as applicable, in effect immediately prior to the applicable Extension Date, then, effective as of the applicable Extension Date, the applicable Applicable Maturity Date of each Extending Lender and of each Additional Commitment Lender of the applicable Class shall be extended to the date that is one year after the Existing Extended Maturity Date for such Class of Commitments (except that, if such date is not a Business Day, such Applicable Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender of such Class shall thereupon become a “Revolving Lender”, a “Term A Lender” or a “Term B Lender”, as the case may be, for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Revolving Lender, Term A Lender or a and/or Term B Lender, as the case may be, hereunder and shall have the obligations of a Revolving Lender, Term A Lender or a and/or Term B Lender, as the case may be, hereunder.
Appears in 1 contract
Sources: Credit Agreement (Phinia Inc.)