Common use of Commitment and Loans Clause in Contracts

Commitment and Loans. If each of the Lenders timely agrees in writing to extend the Maturity Date, then the Maturity Date shall be extended for an additional year pursuant to a duly written amendment of this Credit Agreement executed by the Administrative Agent, on behalf of the Lenders, and the Borrower.

Appears in 2 contracts

Sources: Multi Year Credit Agreement (Southern Power Co), Multi Year Credit Agreement (Alabama Power Co)