Common use of Extension of Commitment Period Clause in Contracts

Extension of Commitment Period. (a) Provided that no Default or Event of Default shall exist, the Borrower may request that the Commitment Period be extended for up to 364 days by giving written notice thereof (each an "Extension Request") to the Administrative Agent at any time during the period which is not more than 45 days nor less than 30 days prior to the then current Maturity Date and, upon receipt of each such notice, the Administrative Agent shall promptly notify each Lender thereof. Each Lender shall endeavor to respond to each Extension Request by no later than 15 days prior to the then current Maturity Date, provided that each Lender which shall have failed so to respond by such time shall be deemed not to have consented thereto. The Administrative Agent shall promptly notify the Borrower as to the name of each Lender that, in accordance with this subsection (a), consented to such extension. In the event that Lenders having Commitments greater than 50% of the Aggregate Commitments shall not have consented in accordance with this subsection (a) to such extension, the then current Maturity Date shall not be extended and shall remain in full force and effect. In the event that all Lenders shall have consented in accordance with this subsection (a), then on the date upon which the last such consent shall have been received by the Administrative Agent, the then existing Maturity Date shall be extended to the day which is 364 days after such date (or, if such date is not a Business Day, the Business Day immediately preceding such day).

Extension of Commitment Period. (a) Provided that no Default or Event of Default shall exist, the Borrower may request that the Commitment Period be extended for up to 364 days by giving written notice thereof (each an "Extension Request") to the Administrative Agent at any time during the period which is not more than 45 75 days nor less than 30 35 days prior to the then current Maturity Date and, upon receipt of each such notice, the Administrative Agent shall promptly notify each Lender thereof. Each Lender shall endeavor to respond to each Extension Request by no later than 15 25 days prior to the then current Maturity Date, provided that each Lender which shall have failed so to respond by such time shall be deemed not to have consented thereto. The Administrative Agent Unless all of the Lenders shall promptly notify the Borrower as to the name of each Lender that, have consented in accordance with this subsection (a)Section 2.8, consented to such extension, the then current Maturity Date shall not be extended and shall remain in full force and effect. In the event that Lenders having Commitments greater equal to or more than 5075% of the Aggregate Commitments shall not have consented consented, in accordance with this subsection (a) Section 2.18, to such extension, the then current Maturity Date shall not be extended and shall remain in full force and effect. In the event that all Lenders shall have consented in accordance with this subsection (a)so consented, then on the date upon which the last such consent shall have been received by the Administrative Agent, the then existing Maturity Date shall be extended to the day which is 364 days after such date (or, if such date is not a Business Day, the Business Day immediately preceding such day).

Extension of Commitment Period. (ai) Provided that no Default or Event of Default shall exist, the Borrower may request that the Commitment Period be extended for up to 364 days by giving written notice thereof (each an "Extension Request") to the Administrative Agent at any time during the period which is not more than 45 days nor less than 30 days prior to the then current Maturity Commitment Termination Date and, upon receipt of each such notice, the Administrative Agent shall promptly notify each Lender thereof. No Lender shall be required to consent to any Extension Request. Each Lender shall endeavor to respond to each Extension Request by no later than 15 days prior to the then current Maturity Commitment Termination Date, provided that each Lender which shall have failed so to respond by such time shall be deemed not to have consented thereto. The Administrative Agent shall promptly notify the Borrower as to the name of each Lender that, in accordance with this subsection clause (ai), consented to such extension. In the event that Lenders having Commitments greater than 50% of the Aggregate Commitments shall not have consented in accordance with this subsection clause (ai) to such extension, the then current Maturity Commitment Termination Date shall not be extended and shall remain in full force and effect. In the event that all Lenders shall have consented in accordance with this subsection clause (ai), then on the date upon which the last such consent shall have been received by the Administrative Agent, the then existing Maturity Commitment Termination Date shall be extended to the day which is 364 days after such date the then existing Commitment Termination Date (or, if such date is not a Business Day, the Business Day immediately preceding such day).