Common use of Extension of Facility Termination Date Clause in Contracts

Extension of Facility Termination Date. (a) The Borrower may request a one-year extension of the Facility Termination Date by submitting a request for an extension to the Agent no more than 27 months nor less than 25 months prior to the then scheduled Facility Termination Date. At the time of or prior to the delivery of such request, the Borrower shall propose to the Agent the amount of the fees that the Borrower would agree to pay with respect to such one-year extension if approved by the Lenders (such request, together with the fee proposal, being herein referred to as the "Extension Request"). Promptly upon (but not later than five Business Days after) receipt of the Extension Request, the Agent shall notify each Lender of the contents thereof and shall request each Lender to approve the Extension Request. Each Lender approving the Extension Request shall deliver its written approval no later than 30 days later than the date of the Extension Request. If the approval of each of the Lenders is received by the Agent within 30 days of the date of the Extension Request (or as otherwise provided in Section 2.20(b)), the Agent shall promptly so notify the Borrower, each Lender (including the Swing Line Bank) and the Issuing Bank, and the Facility Termination Date shall be extended by one year, and in such event the Borrower may thereafter request further extension(s) of the then scheduled Facility Termination Date in accordance with this Section 2.20. If any of the Lenders does not deliver to the Agent such Lender's written approval to any Extension Request within the 30 days of the date of such Extension Request, the Facility Termination Date shall not be extended, except as otherwise provided in Section 2.20(b).

Extension of Facility Termination Date. (a) The Borrower may request a one-year extension of the Facility Termination Date by submitting a request for an extension to the Agent (an "Extension Request") no more than 27 months nor less than 25 months prior to the then scheduled Facility Termination Date. At the time of or prior to the delivery of such request, the Borrower shall propose to the Agent the amount of the fees that the Borrower would agree to pay with respect to such one-year extension if approved by the Lenders (such request, together with the fee proposal, being herein referred to as the "Extension Request"). Promptly upon (but not later than five Business Days after) receipt of the Extension Request, the Agent shall notify each Lender of the contents thereof and shall request each Lender to approve the Extension Request. Each Lender approving the Extension Request shall deliver its written approval no later than 30 days later than the date of the Extension Request. If the approval of each of the Lenders is received by the Agent within 30 days of the date of the Extension Request (or as otherwise provided in Section 2.20(b)), the Agent shall promptly so notify the Borrower, each Lender (including the Swing Line Bank) and the Issuing Bank, and the Facility Termination Date shall be extended by one year, and in such event the Borrower may thereafter request further extension(s) of the then scheduled Facility Termination Date in accordance with this Section 2.20. If any of the Lenders does not deliver to the Agent such Lender's written approval to any Extension Request within the 30 days of the date of such Extension Request, the Facility Termination Date shall not be extended, except as otherwise provided in Section 2.20(b).

Extension of Facility Termination Date. (a) The Borrower may request a one-year extension of the Facility Termination Date by submitting a request for an extension to the Agent no more than 27 months nor less than 25 months prior to the then scheduled Facility Termination Date. At the time of or prior to the delivery of such request, the Borrower shall propose to the Agent the amount of the fees that the Borrower would agree to pay with respect to such one-year extension if approved by the Lenders (such request, together with the fee proposal, being herein referred to as the "Extension Request"). Promptly upon (but not later than five Business Days after) receipt of the Extension Request, the Agent shall notify each Lender of the contents thereof and shall request each Lender to approve the Extension Request. Each Lender approving the Extension Request shall deliver its written approval no later than 30 days later than the date of 66 the Extension Request. If the approval of each of the Lenders is received by the Agent within 30 days of the date of the Extension Request (or as otherwise provided in Section 2.20(b)), the Agent shall promptly so notify the Borrower, each Lender (including the Swing Line Bank) and the Issuing Bank, and the Facility Termination Date shall be extended by one year, and in such event the Borrower may thereafter request further extension(s) of the then scheduled Facility Termination Date in accordance with this Section 2.20. If any of the Lenders does not deliver to the Agent such Lender's written approval to any Extension Request within the 30 days of the date of such Extension Request, the Facility Termination Date shall not be extended, except as otherwise provided in Section 2.20(b).