Extension of Revolving Credit Commitment Termination Date. Subject to the following provisions, the Borrower shall have the option to extend the initial Revolving Credit Commitment Termination Date to May 18, 2013. By written notice to the Agent delivered no later than six (6) months prior to the initial Revolving Credit Commitment Termination Date, so long as no Event of Default has occurred (and remains uncured), the Borrower may request such extension to the initial Revolving Credit Commitment Termination Date (which request shall be accompanied by a Compliance Certificate). Promptly upon receipt of such written notice, the Agent shall deliver a copy to each Lender and the initial Revolving Credit Commitment Termination Date shall be deemed so extended. In the event that the Borrower shall have delivered an extension notice under this Section 2.24, the Borrower shall pay to the Agent for the ratable benefit of the Lenders on the initial Revolving Credit Commitment Termination Date, a non-refundable extension fee (the “Extension Fee”) in an amount equal to twenty-five (25) basis points multiplied by the Total Revolving Credit Commitment, as then in effect.
Extension of Revolving Credit Commitment Termination Date. Each Extending Lender and each New Lender hereby (a) agrees to the Extension and (b) agrees that, effective as of the date hereof, the Revolving Credit Commitment Termination Date with respect to such Person’s Commitment shall be July 1, 2016 (which is the day that is 364 days after the Revolving Credit Commitment Termination Date in effect on the date hereof immediately prior to giving effect to this Amendment).
Extension of Revolving Credit Commitment Termination Date. (a) Not earlier than 60 days prior to, nor later than 30 days prior to, the then current Revolving Credit Commitment Termination Date, the Borrower may, upon notice to the Administrative Agent (who shall promptly notify the Lenders), request an extension of the Revolving Credit Commitment Termination Date for each of the Lenders to the date 364 days after the Revolving Credit Commitment Termination Date then in effect; provided that in no event shall the Borrower be entitled to request any extension under this Section (i) at any time when a Default or Event of Default shall have occurred and be continuing or (ii) after the Borrower has elected to exercise the term conversion option described in Section 2.01(b). Within 15 days of delivery of such notice to the Lenders, each Lender shall notify the Administrative Agent whether or not it consents to such extension (which consent may be given or withheld in such Lender’s sole and absolute discretion). Any Lender not responding within the above time period shall be deemed not to have consented to such extension. The Administrative Agent shall promptly notify the Borrower and the Lenders of the Lenders’ responses. If any Lender declines, or is deemed to have declined, to consent to such extension (a “Non-Extending Lender”), the Borrower may cause any such Non-Extending Lender to be removed or replaced as a Lender pursuant to Section 10.15.
Extension of Revolving Credit Commitment Termination Date. Upon written request of the Borrowers delivered to the Agent not less than 60 days prior to the Revolving Credit Commitment Termination Date (as the same may be extended from time to time), the Banks shall review the revolving credit facility provided hereunder and may, in their sole discretion, extend the Revolving Credit Commitment Termination Date for an additional one year period, in which event the Revolving Credit Commitment Termination Date shall be extended to such later date (subject to earlier termination as provided in Section 7.2). The Revolving Credit Commitment Termination Date as so extended may be further extended by the Banks, in their sole discretion, for successive one year periods by following the same procedure as for the initial extension of the Revolving Credit Commitment Termination Date as set forth in the immediately preceding sentence. This Section is for the convenience of the parties and shall not prevent the parties from agreeing to extend the Revolving Credit Commitment Termination Date in any other manner or for any other term.
Extension of Revolving Credit Commitment Termination Date. (a) At Borrower’s option, subject to satisfaction of the following terms and conditions, Borrower shall have the option to extend the Revolving Credit Commitment Termination Date from the Initial Revolving Credit Commitment Termination Date to the Extended Revolving Credit Commitment Termination Date:
Extension of Revolving Credit Commitment Termination Date. The Company may, by notice to the Administrative Agent (which shall promptly notify the Banks) not less than 60 days prior to the Revolving Credit Commitment Termination Date then in effect hereunder (the "Original Revolving Credit Commitment Termination Date"), request that the Banks extend the Original Revolving Credit Commitment Termination Date one year after such date or, if such date is not a Business Day, such notice shall be given on the next succeeding Business Day (the "New Revolving Credit Commitment Termination Date"). Each Bank, acting in its sole discretion, shall, by notice to the Company and the Administrative Agent given not later than the date 30 days prior to the Original Revolving Credit Commitment Termination Date, advise the Company whether or not such Bank agrees to such extension, which extension shall become effective if (and only if) all of the Banks agree thereto. Notwithstanding the foregoing, the extension of the Original Revolving Credit Commitment Termination Date shall not be effective unless:
Extension of Revolving Credit Commitment Termination Date. (a) The Borrower may, by notice to the Administrative Agent (who shall promptly notify the Lenders) not earlier than 60 days prior to the first anniversary of the Closing Date and not later than 30 days prior to the date of a proposed extension (each such date of such proposed extension, an “Extension Date”), request that each Lender extend such Lender’s Maturity Date to a date that is one year after the Maturity Date then in effect for such Lender (the “Existing Maturity Date”).
Extension of Revolving Credit Commitment Termination Date. (a) On or before the third anniversary of the Agreement Date, the Borrower may request that the Revolving Credit Commitment Termination Date be extended for an additional one year period by submitting a request in writing to the Agent; provided, however, that the Borrower may not submit in total more than two (2) such requests for an extension of the Revolving Credit Commitment Termination Date. The Agent shall promptly inform the Banks of such request. Each Bank shall then determine, in its sole discretion, whether the Revolving Credit Commitment Termination Date will be extended as to its Revolving Loans and/or Working Capital Loans, as the case may be, and such Bank shall inform the Agent of its decision within 20 days of being informed of the Borrower's request. Failure by any Bank to so inform the Agent shall be deemed to constitute non-approval by such Bank of the request for extension. The Agent shall inform the Borrower within three months of the time when the Borrower's request was received whether its request for an extension of the Revolving Credit Commitment Termination Date has been approved and by which Banks. If all the Banks consent in writing, the then applicable Revolving Loan Commitment Termination Date shall be extended for one year effective as of the first day that all of the Banks have so consented in writing.
Extension of Revolving Credit Commitment Termination Date. Subject to the following provisions, the Borrowers shall have the option to extend the initial Revolving Credit Commitment Termination Date to July 26, 2010. By written notice to the Agent delivered no later than six (6) months prior to the initial Revolving Credit Commitment Termination Date, so long as no Event of Default has occurred since the date of this Agreement, the Borrowers may request such extension to the initial Revolving Credit Commitment Termination Date (which request shall be accompanied by a Compliance Certificate). Promptly upon receipt of such written notice, the Agent shall deliver a copy to each Bank and the initial Revolving Credit Commitment Termination Date shall be deemed so extended. In the event that the Borrowers shall have delivered an extension notice under this
Extension of Revolving Credit Commitment Termination Date. Notwithstanding anything herein to the contrary, the Borrower may by written notice to Administrative Agent and the Syndication Agent (a “Request for Extension”), at least ten Business Days prior to the Termination Date in respect of the Revolving Credit Facility, request an extension to the existing Termination Date in respect of the Revolving Credit Facility; provided such extension shall in any event not be later than the Termination Date in respect of Pregis Credit Agreement the Term B Facilities. Such notice shall specify the identity of each Lender or other Person that is an Eligible Assignee to whom the Borrower proposes any portion of such extended Revolving Credit Commitments to be allocated and the amounts of such allocations; provided that any Lender approached to provide all or a portion of the extended revolving credit commitments (the “Extended Revolving Credit Commitments”) may elect or decline, in its sole discretion, to provide such Extended Revolving Credit Commitment. The terms and provisions of the extended Revolving Credit Facility shall be identical to the Revolving Credit Facility. On the original Termination Date in respect of the Revolving Credit Facility, subject to the satisfaction of the foregoing terms and conditions and to compliance with this Section 2.05(c), (a) the Termination Date in respect of the Revolving Credit Facility shall, with respect to each Lender that has agreed in writing to extend its Revolving Credit Commitment (each, an “Extending Revolving Credit Lender”), be extended to the earliest of (i) the date set forth in the Request for Extension as being the requested extended Termination Date, (ii) the seventh anniversary of the Effective Date and (iii) the date of termination in whole of the Revolving Credit Commitments pursuant to Section 2.05 or 6.01, (b) each of the Revolving Credit Lenders that has not elected to extend its Revolving Credit Commitment (each, a “Declining Revolving Credit Lender”) shall either (i) assign to the Eligible Assignees that have agreed to provide an Extended Revolving Credit Commitment (each, a “New Revolving Credit Lender”) or to Extending Revolving Credit Lenders that have agreed to increase their Revolving Credit Commitments (each, an “Increasing Revolving Credit Lender”), and each of such New Revolving Credit Lenders and Increasing Revolving Credit Lenders shall purchase from each of the Declining Revolving Credit Lenders, in accordance with the terms of Section 9.07, at the pr...
