Extension of Conversion Date. The Conversion Date is hereby extended to September 20, 2005 pursuant to Section 1.13 of the Credit Agreement with respect to each Lender.
Extension of Conversion Date. (i) US Borrower may, at its option and from time to time during the Tranche B Revolving Period, request an offer to extend the Tranche B Revolving Period by delivering to US Agent a Request for an Offer of Extension not more than sixty days and not less than thirty days prior to the then current Tranche B Conversion Date. US Agent shall forthwith provide a copy of the Request for an Offer of Extension to each of the Tranche B Lenders. Upon receipt from US Agent of an executed Request for an Offer of Extension, each Tranche B Lender shall, within twenty days after the date of such Tranche B Lender's receipt of such request from US Agent, either:
Extension of Conversion Date. (a) Canadian Borrowers may, at their option and from time to time during the Canadian Revolving Period, request an offer to extend the Canadian Revolving Period by delivering to Canadian Agent a Request for an Offer of Extension not more than ninety days and not less than forty-five days prior to the then current Conversion Date. Canadian Agent shall forthwith provide a copy of the Request for an Offer of Extension to each of the Lenders. Upon receipt from Canadian Agent of an executed Request for an Offer of Extension, each Lender shall, within thirty days after the date of such Lender's receipt of such request from Canadian Agent, either:
Extension of Conversion Date. During each of 1997 and 1998, Company may notify Administrative Agent in writing by no later than October 1 of each such year of its desire to extend the Conversion Date (and, consequently, the Maturity Date) for an additional 12 months. If such notice is given, Administrative Agent, no later than November 15 of each such year, will notify Company in writing of Lenders' decision whether to extend the Conversion Date (and, consequently, the Maturity Date). Extensions of the Conversion Date (and, consequently, the Maturity Date) shall be at the option and in the sole discretion of Lenders, and the decision to extend the Conversion Date shall require the consent of all Lenders. If either Company or Administrative Agent fail to give notice within the time prescribed above, the Conversion Date (and, consequently, the Maturity Date) shall be the then present Conversion Date (and, consequently, the then present Maturity Date), unless otherwise extended by the parties hereto. Any extension of the Conversion Date (and, consequently, the Maturity Date) pursuant to this Section 2.15 shall not (i) require any renewal Note unless otherwise requested by Administrative Agent and (ii) be effective until and unless Company shall pay to Administrative Agent, for the account of Lenders in accordance with their Specified Percentages, a Revolving Loan Extension Fee based on the amount of the Commitment and the Index Debt Rating in effect on the date of extension of the Conversion Date at the following per annum percentages, applicable in the following situations: Applicability Percentage ------------- ---------- Category 1 - There is no Index Debt Rating or the Index Debt Rating is the following: 0.250% below BBB- by S&P or below Baa3 by Moody's Category 2 - The Index Xxxx Xating is the following: BBB- by S&P or Baa3 by Moody's 0.150%
Extension of Conversion Date. (a) The Borrower may, by written notice given to the Agent at least 60 days but not more than 90 days prior to the then current Conversion Date, request that the Conversion Date be extended to a date which is 364 days following the then current Conversion Date. Such extension shall become effective on the then current Conversion Date if, but only if, all of the Lenders notify the Agent in writing that they consent to such extension (whether such notification is provided either initially or after the completion of the procedures set forth in clauses (b), (c) and (d) below) at least 10 days prior to the then current Conversion Date, which consent may be withheld by the Lenders in their sole and absolute discretion. Any such notice to the Agent of consent to such extension which is given to the Agent more than 30 days prior to the then current Conversion Date shall be revocable by the Lender until the 30th day prior to the then current Conversion Date.
Extension of Conversion Date. Borrower may, upon at least two (2) months’ written notice to the Agent prior to the Conversion Date, request an extension of the Conversion Date for a specified period. The Agent shall promptly notify the Banks of such request. If all of the Banks agree to such extension on or before one (1) month prior to the Conversion Date, the Agent shall promptly notify Borrower and the Banks and the Conversion Date shall be extended to the date agreed upon. If one or more Banks refuse, in their sole and absolute discretion, to so extend the Conversion Date, the Agent shall promptly notify the parties of that fact. The non-refusing Banks shall have the option of agreeing to extend the Conversion Date if any of the following shall have occurred prior to the Conversion Date: (i) such non-refusing Banks shall have agreed to increase their respective portions of the Commitments in an aggregate amount (the “Required Amount”) equal to the aggregate amount of the portions of the Commitments of the Banks which have refused to extend the Conversion Date; or (ii) Borrower shall have obtained the commitment of one or more other lenders acceptable to Agent, willing to become a party to this Agreement and to lend the Required Amount hereunder; or (iii) aggregate commitments to lend the Required Amount shall have been obtained from a combination of existing Banks and new Banks; or (iv) Borrower and such other Banks shall be willing to reduce the amount of the Commitments to an amount equal to the aggregate of such non-refusing Banks’ portions of the Commitments and the commitments of any new Banks (and make the correlative adjustments to the percentages of each Bank’s Pro Rata share of the new amount of the Commitments); provided, that if more than one of the events described in clauses (i), (ii), (iii), and (iv), shall have occurred, Borrower and the Banks (other than the Banks refusing to extend the Conversion Date) shall agree on the alternative to be utilized. If the Conversion Date is extended, on the Conversion Date as in effect before such extension, Borrower shall pay to each Bank refusing to extend the Conversion Date the principal balance of all Loans then outstanding to such Bank together with all interest accrued thereon and all fees due to such Bank hereunder. If Borrower and the Banks (other than the Banks refusing to extend the Conversion Date) are unable to agree on such new Conversion Date, the Conversion Date shall not be extended. Nothing contained in this Secti...
Extension of Conversion Date. Pursuant to Section 4.01(c) of the Credit Agreement, the Borrower has requested, and the Agent and the Banks hereby unanimously consent to, the extension of the Conversion Date for an additional one-year period. Accordingly, the new scheduled Conversion Date shall be September 29, 2000.
Extension of Conversion Date. Borrower may request extensions of the Conversion Date by making such request in writing not more than 180 days and not less than 120 days prior to the Conversion Date in effect prior to the extension request. The Agent and the Banks have no obligation to extend the Conversion Date, and the Conversion Date shall not be extended unless all of the Banks and the Agent have agreed to do so in writing in their sole and absolute discretion. If Borrower's request for extension is approved, then the extension of the Conversion Date shall be for a period of 1 year. If certain of the Banks ("Non-Consenting Banks") decline to extend the Conversion Date, then with the approval of the other Banks (the "Consenting Banks") in their sole and absolute discretion:
Extension of Conversion Date. 9 Section 1.7. Conversion to Canadian Term Loan 10 Section 1.8. Non-Accepting Lender 10 Section 1.9. Competitive Bid Loans 11 Section 1.10. Use of Proceeds 13 Section 1.11. Refinancings of Canadian Swing Loans 14 ARTICLE II - Bankers' Acceptances and Letters of Credit 15 Section 2.1. Creation of Bankers' Acceptances 15 Section 2.2. Terms of Acceptance by the Canadian Resident Lenders 15 Section 2.3. General Procedures for Bankers' Acceptances 18 Section 2.4. Execution of Bankers' Acceptances 19 Section 2.5. Escrowed Funds 19 Section 2.6. Letters of Credit 20 Section 2.7. Requesting Letters of Credit 21 Section 2.8. Reimbursement and Participations 21 Section 2.9. Letter of Credit Fees 21 Section 2.10. No Duty to Inquire 22 Section 2.11. LC Collateral 23
Extension of Conversion Date. (i) US Borrower may, at its option and from time to time during the Tranche B Revolving Period, request an offer to extend the Tranche B Revolving Period by delivering to US Agent a Request for an Offer of Extension not more than sixty days prior to the then current Tranche B Conversion Date. US Agent shall forthwith provide a copy of the Request for an Offer of Extension to each of the Lenders. Upon receipt by US Agent from US Borrower of an executed Request for an Offer of Extension, each Lender shall, within thirty days after the date US Agent receives such request from US Borrower, either:
