THE THIRD EXTENSION Clause Samples

THE THIRD EXTENSION. If each of the following conditions are satisfied (collectively, the "THIRD EXTENSION REQUIREMENTS"): (i) the Maturity Date has been extended to March 31, 2006 pursuant to Section 2.27(b), (ii) the Borrowers have paid and satisfied to the Administrative Agent and the Lenders all Loan Obligations, including all interest due on or before the Interest Payment Date that falls on the Maturity Date as extended under Section 2.27(b) above, but excluding principal payments, (ii) no Defaults or Events of Default have occurred and are continuing as of such extended Maturity Date (unless such Default or Event of Default has been waived in writing by the Administrative Agent), and (iii) after the payment of the interest due on the Interest Payment Date that falls on the Maturity Date as extended under 2.27(b), the amount in the Cash Collateral Account is at least equal to 4.0% of the then outstanding principal amount of Loan Obligations (including both the Revolving Loan Obligations and the Term Loan Obligations) as of such date; then the Maturity Date shall be further extended from March 31, 2006 to September 30, 2006.
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Related to THE THIRD EXTENSION

  • Modification, Extension The issuance of any supplement, modification, amendment, renewal, or extension to any Letter of Credit shall, for purposes hereof, be treated in all respects the same as the issuance of a new Letter of Credit hereunder.

  • Renewal, Extension The renewal or extension of any Letter of Credit shall, for purposes hereof, be treated in all respects the same as the issuance of a new Letter of Credit hereunder.

  • Modification, Extension and Renewal of Options The Board or a duly appointed committee thereof, may modify, extend or renew this Option or accept the surrender thereof (to the extent not theretofore exercised) and authorize the granting of a new option in substitution therefore (to the extent not theretofore exercised), subject at all times to the Code and applicable securities laws. Notwithstanding the foregoing provisions of this Section 12, no modification shall, without the consent of the Recipient, alter to the Recipient’s detriment or impair any rights of Recipient hereunder.

  • EXPIRATION DATE AND EXTENSION This Contract expires February 10, 2026, unless it is cancelled sooner pursuant to Article 22. This Contract may be extended one additional year upon the request of Sourcewell and written agreement by Supplier.

  • Contract Extension The Contract is extended for a period of six (6) months pursuant to the same terms and conditions of the contract and any executed written amendments, with a new Contract expiration date of May 31, 2025.