Common use of Extension of Revolving Credit Maturity Date Clause in Contracts

Extension of Revolving Credit Maturity Date. The Borrower may request a one-year extension of the Revolving Credit Maturity Date by submitting a request for an extension to the Administrative Agent (an “Extension Request”) no more than 180 and no less than 90 days prior to the Revolving Credit Maturity Date. Promptly upon receipt of an Extension Request, the Administrative Agent shall notify each Lender thereof and shall request each Lender to act upon the Extension Request. Each Lender approving the Extension Request shall deliver its written consent no later than 45 days prior to the Revolving Credit Maturity Date. If and only if the consent of each of the Lenders is received by the Administrative Agent prior to the Revolving Credit Maturity Date, the Revolving Credit Maturity Date shall be extended by one year and the Administrative Agent shall promptly notify the Borrower and each Lender of the new Revolving Credit Maturity Date.

Extension of Revolving Credit Maturity Date. The Borrower may request a one-year extension of the Revolving Credit Maturity Date by submitting a request for an extension to the Administrative Agent (an “"Extension Request”") no more than 180 90 and no less than 90 30 days prior to each anniversary of the Revolving Credit Maturity Datedate hereof. Promptly upon receipt of an Extension Request, the Administrative Agent shall notify each Lender thereof and shall request each Lender to act upon the Extension Request. Each Lender approving the Extension Request shall deliver its written consent no later than 45 15 days prior to the Revolving Credit Maturity Datesuch anniversary. If and only if the consent of each of the Lenders is received by the Administrative Agent prior to the Revolving Credit Maturity Date, the Revolving Credit Maturity Date shall be extended by one year and the Administrative Agent shall promptly notify the Borrower and each Lender of the new Revolving Credit Maturity Date.