Extended Maturity Sample Clauses

Extended Maturity. In the event that the Final Maturity Date is extended pursuant to Section 2.09 hereof, the Agents and the Loan Parties hereby agree to negotiate, in good faith, an amendment to the foregoing financial covenants set forth in Sections 7.03(a), (b), (c) and (d) in order to insert the applicable covenant thresholds during the extension period.”
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Extended Maturity. (a) The Company may, at any time before the day which is 90 days before the Stated Maturity set forth in Section 3.01 above, elect to extend such Stated Maturity once only to a date not later than ______, provided that the following conditions in this Section 3.13(a) are satisfied both at the date the Company gives notice in accordance with Section 3.13(b) of its election to extend the Maturity and at the Stated Maturity set forth in Section 3.01 above:
Sample 1
Extended Maturity. The Borrower may request that the Banks extend the Revolving Maturity Date hereunder for one (1) year from July 1, 1998 to July 1, 1999, by giving the Agent written notice of such request no sooner than sixty (60) days prior to June 6, 1997 and no later than June 6, 1997. Within thirty (30) days following receipt of such written notice, the Agent shall notify Borrower in writing (which writing the Borrower may reasonably rely upon without the need for independent verification from any other Bank) whether or not the Required Banks elect (which election may be made in the Required Banks' sole discretion) to extend the Revolving Maturity Date hereunder for one (1) year from July 1, 1998 to July 1, 1999. The Agent's failure to notify the Borrower in writing within such thirty-day (30-day) period shall be deemed to be an election not to so extend the Revolving Maturity Date hereunder. If the Required Banks elect to extend the Revolving Maturity Date hereunder, then the parties shall enter into such extension agreements with respect to the Loan Documents as are satisfactory in form and substance to the Required Banks in their sole discretion; provided, however, that the payment terms of the Note shall remain unchanged (e.g., the interest rate shall remain the same and, except as otherwise specified herein, there shall be no required principal amortization prior to July 1, 1999). If this Agreement is extended as provided herein, the Borrower shall pay to the Agent for the account of each Bank ratably a loan extension fee (the "EXTENSION FEE") equal to one-tenth of one percent (0.10%) of Commitment Amount, which fee shall become due and payable within
Sample 1

Related to Extended Maturity

  • Extension of the Maturity Date (a) Borrower shall have the option to extend the term of the Loan beyond the Initial Maturity Date for one year, until the First Extended Maturity Date, upon satisfaction of the following terms and conditions:

  • Term to Maturity Each Receivable had an original term to maturity of not more than 72 months and not less than 12 months and a remaining term to maturity as of the Cutoff Date of not more than 71 months and not less than three months.

  • Maturity Date This Agreement shall continue in effect until the maturity date set forth on the Schedule (the "Maturity Date"), subject to Section 6.3 below.

  • Final Maturity The Stated Maturity Date for any Note will be the date so specified in the Supplement, which shall be no later than 397 days from the date of issuance. On its Stated Maturity Date, or any date prior to the Stated Maturity Date on which the particular Note becomes due and payable by the declaration of acceleration, each such date being referred to as a Maturity Date, the principal amount of each Note, together with accrued and unpaid interest thereon, will be immediately due and payable.

  • Final Maturity Date 23 Fitch.........................................................................................23

  • Original Terms to Maturity The original term to maturity of substantially all of the Mortgage Loans included in the Mortgage Pool shall be between 20 and 30 years.

  • Maturity As provided therein, the entire unpaid principal balance of each Note shall be due and payable on the Maturity Date thereof.

  • Extension of Maturity Should any payment of principal of or interest or any other amount due hereunder become due and payable on a day other than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day and, in the case of principal, interest shall be payable thereon at the rate herein specified during such extension.

  • Extension of Maturity Date (a) On any anniversary of the Closing Date prior to the Maturity Date, the Borrowers may request to extend the then-applicable Maturity Date (the “Existing Maturity Date”) for an additional one-year period (an “Extension Period”) to the date that is one year after the Existing Maturity Date (the “Requested Maturity Date”); provided that the Borrowers may extend the Maturity Date for a maximum two (2) such Extension Periods. The Borrowers may make such request in a notice given as herein provided and substantially in the form attached hereto as Exhibit 2.8(a) (the “Extension of Maturity Date Request”) to the Administrative Agent not less than 30 days and not more than 90 days prior to any anniversary of the Closing Date, so long as (i) each of the representations and warranties contained in Section 7 and in the other Credit Documents shall be true and correct in all material respects on and as of the date of such notice and as of the commencement date of the relevant Extension Period as if made on and as of each date (or, if any such representation and warranty is expressly stated to have been made as of a specific date, as of such specific date) and (ii) no Default or Event of Default shall have occurred and be continuing on the date of such notice and as of the commencement date of the relevant Extension Period. Each Lender, acting in its sole discretion, shall, not later than a date 30 days after its receipt of any such notice from the Administrative Agent, notify the Borrowers and the Administrative Agent in writing of its election to extend or not to extend the Existing Maturity Date with respect to its Commitment. Any Lender which shall not timely notify the Borrowers and the Administrative Agent of its election to extend the Existing Maturity Date shall be deemed not to have elected to extend the Existing Maturity Date with respect to its Commitment (any Lender who timely notifies the Borrowers and the Administrative Agent of an election not to extend or fails to timely notify the Borrowers and the Administrative Agent of its election being referred to as a “Terminating Lender” and all such Lenders, collectively, the “Terminating Lenders”). The election of any Lender to agree to a requested extension shall not obligate any other Lender to agree to such requested extension.

  • Stated Maturity 10 Subsidiary.....................................................................................10

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