Common use of Requests for Extension Clause in Contracts

Requests for Extension. The Parent Borrower may, by notice to the Administrative Agent (who shall promptly notify the Lenders) not earlier than ninety (90) days and not later than thirty (30) days prior to (i) the Initial Revolving Maturity Date elect that the Revolving Lenders extend the Revolving Maturity Date for an additional six (6) months from the Initial Revolving Maturity Date (such new Maturity Date, the “First Extended Maturity Date”) and (ii) the First Extended Maturity Date elect that the Revolving Lenders extend the Revolving Maturity Date for an additional six (6) months from the First Extended Maturity Date.

Appears in 4 contracts

Samples: Credit and Guaranty Agreement (Ventas, Inc.), Credit and Guaranty Agreement (Ventas, Inc.), Credit and Guaranty Agreement (Ventas, Inc.)

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Requests for Extension. The Parent Borrower Borrowers may, by notice from the Parent Borrower to the Administrative Agent (who shall promptly notify the Lenders) not earlier than ninety (90) days and not later than thirty (30) days prior to (i) the Initial Revolving Maturity Date elect that the Revolving Lenders extend the Revolving Maturity Date for an additional six (6) months from the Initial Revolving Maturity Date (such new Maturity Date, the “First Extended Maturity Date”) and (ii) the First Extended Maturity Date elect that the Revolving Lenders extend the Revolving Maturity Date for an additional six (6) months from the First Extended Maturity Date.

Appears in 4 contracts

Samples: Credit Agreement (Sabra Health Care REIT, Inc.), Credit Agreement (Sabra Health Care REIT, Inc.), Credit Agreement (Sabra Health Care REIT, Inc.)

Requests for Extension. The Parent Borrower may, at its option, but no more than two (2) times, by notice to the Administrative Agent (who shall promptly notify the Lenders) not earlier than ninety one hundred twenty (90120) days and not later than thirty (30) days prior to (i) the Initial Revolving Maturity Date Date, elect that the Revolving Lenders extend the Revolving Maturity Date for an additional six (6) months from the Initial Revolving Maturity Date (such new Maturity Date, the “First Extended Maturity Date”) and (ii) the First Extended Maturity Date Date, elect that the Revolving Lenders extend the Revolving Maturity Date for an additional six (6) months from the First Extended Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Omega Healthcare Investors Inc)

Requests for Extension. The Parent Borrower may, at its option, but no more than two (2) times, by notice to the Administrative Agent (who shall promptly notify the Lenders) not earlier than ninety one hundred twenty (90120) days and not later than thirty (30) days prior to (i) the Initial Revolving Maturity Date Date, elect that the Revolving Lenders extend the Revolving Maturity Date for an additional six (6) months from the Initial Revolving Maturity Date (such new Maturity Date, the “First Extended Maturity Date”) and (ii) the First Extended Maturity Date Date, elect that the Revolving Lenders extend the Revolving Maturity Date for an additional six (6) months from the First Extended Maturity Date.. 61

Appears in 1 contract

Samples: Credit Agreement (Omega Healthcare Investors Inc)

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Requests for Extension. The Parent Borrower may, at its option, but no more than two (2) times, by notice to the Administrative Agent (who shall promptly notify the Lenders) not earlier than ninety one hundred twenty (90120) days and not later than thirty (30) days prior to (i) the Initial Revolving Maturity Date Date, elect that the Revolving Lenders extend the Revolving Maturity Date for an additional six twelve (612) months from the Initial Revolving Maturity Date (such new Maturity Date, the “First Extended Maturity Date”) and (ii) the First Extended Maturity Date Date, elect that the Revolving Lenders extend the Revolving Maturity Date for an additional six twelve (612) months from the First Extended Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Omega Healthcare Investors Inc)

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