Extension of Revolving Facility Maturity Date Sample Clauses

Extension of Revolving Facility Maturity Date. To reflect the agreement of the Company, the Lead Administrative Agent and those Lenders signing this Amendment to extend the Revolving Facility Maturity Date, effective as of the Effective Date (as defined in Paragraph 9 below), the definition of the term "Revolving Facility Maturity Date" set forth in the Glossary to the Credit Agreement is hereby amended by deleting the date "June 13, 2003" set forth therein and replacing the same with the date "June 11, 2004."
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Extension of Revolving Facility Maturity Date. (1) The Company may, by written notice to the Lead Administrative Agent (such notice being an "Extension Notice") given no earlier than ninety (90) days and no later than forty-five (45) days prior to the then current Revolving Facility Maturity Date, request the Lenders to consider an extension of the then current Revolving Facility Maturity Date to a date 364 days after the then current Revolving Facility Maturity Date. The Lead Administrative Agent shall promptly transmit any Extension Notice to each Lender. Each Lender shall notify the Lead Administrative Agent in writing whether it agrees to so extend the then current Revolving Facility Maturity Date no later than twenty (20) days prior to the then current Revolving Facility Maturity Date, and any such notice given by a Lender to the Lead Administrative Agent, once given, shall be irrevocable as to such Lender. Any Lender which does not expressly and timely notify the Lead Administrative Agent that it agrees to so extend the then current Revolving Facility Maturity Date shall be deemed to have rejected the Company's request for extension thereof. Lenders agreeing to extend the then current Revolving Facility Maturity Date are hereinafter referred to as "Continuing Lenders," and Lenders declining to consent to the extend thereof (or Lenders deemed to have so declined) are hereinafter referred to as "Non-Extending Lenders". If the Majority Lenders elect to so extend the then current Revolving Facility Maturity Date, the Lead Administrative Agent shall notify the Company of such election no later than fifteen (15) days prior to the then current Revolving Facility Maturity Date, and effective on the then current Revolving Facility Maturity Date and subject to the conditions precedent to such extension set forth in Paragraph 7(c) below, the Revolving Facility Maturity Date shall be automatically deemed so extended and the Aggregate Credit Limit shall be automatically deemed to be the aggregate Maximum Commitments of the Continuing Lenders (including, if applicable, any new Lenders who become Continuing Lenders pursuant to subparagraph (4) below). Upon the delivery of an Extension Notice the Company shall be deemed to have represented and warranted that on and as of the date of such Extension Notice no Potential Default or Event of Default has occurred and is continuing. It is expressly acknowledged and agreed by the Company that no Lender shall have any obligation to extend any Revolving Facility Maturity ...
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Extension of Revolving Facility Maturity Date. As conditions precedent to each extension of the Revolving Facility Maturity Date, at and as of the then current Revolving Facility Maturity Date and the effective date of such extension, if different, and subject to the written waiver by one hundred percent (100%) of the Lenders which have otherwise agreed to such extension:
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Extension of Revolving Facility Maturity Date 
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Related to Extension of Revolving Facility Maturity Date

  • Extension of the Maturity Date (a) Borrower shall have the option to extend the term of the Loan beyond the Initial Maturity Date for one year, until the First Extended Maturity Date, upon satisfaction of the following terms and conditions:

  • Termination of Revolving Credit Facility The Revolving Credit Facility and the Revolving Credit Commitments shall terminate on the Revolving Credit Maturity Date.

  • Provisions Related to Extended Revolving Credit Commitments If the maturity date in respect of any tranche of Revolving Credit Commitments occurs prior to the expiration of any Letter of Credit, then (i) if one or more other tranches of Revolving Credit Commitments in respect of which the maturity date shall not have occurred are then in effect, such Letters of Credit shall automatically be deemed to have been issued (including for purposes of the obligations of the Revolving Credit Lenders to purchase participations therein and to make Revolving Credit Loans and payments in respect thereof pursuant to Section 2.03(d)) under (and ratably participated in by Lenders pursuant to) the Revolving Credit Commitments in respect of such non-terminating tranches up to an aggregate amount not to exceed the aggregate principal amount of the unutilized Revolving Credit Commitments thereunder at such time (it being understood that no partial face amount of any Letter of Credit may be so reallocated) and (ii) to the extent not reallocated pursuant to immediately preceding clause (i), the Borrower shall Cash Collateralize any such Letter of Credit in accordance with Section 2.17. If, for any reason, such Cash Collateral is not provided or the reallocation does not occur, the Revolving Credit Lenders under the maturing tranche shall continue to be responsible for their participating interests in the Letters of Credit. Except to the extent of reallocations of participations pursuant to clause (i) of the second preceding sentence, the occurrence of a maturity date with respect to a given tranche of Revolving Credit Commitments shall have no effect upon (and shall not diminish) the percentage participations of the Revolving Credit Lenders in any Letter of Credit issued before such maturity date. Commencing with the maturity date of any tranche of Revolving Credit Commitments, the sublimit for Letters of Credit shall be agreed with the Lenders under the extended tranches.

  • Extension of Maturity Date (a) On any anniversary of the Closing Date prior to the Maturity Date, the Borrowers may request to extend the then-applicable Maturity Date (the “Existing Maturity Date”) for an additional one-year period (an “Extension Period”) to the date that is one year after the Existing Maturity Date (the “Requested Maturity Date”); provided that the Borrowers may extend the Maturity Date for a maximum two (2) such Extension Periods. The Borrowers may make such request in a notice given as herein provided and substantially in the form attached hereto as Exhibit 2.8(a) (the “Extension of Maturity Date Request”) to the Administrative Agent not less than 30 days and not more than 90 days prior to any anniversary of the Closing Date, so long as (i) each of the representations and warranties contained in Section 7 and in the other Credit Documents shall be true and correct in all material respects on and as of the date of such notice and as of the commencement date of the relevant Extension Period as if made on and as of each date (or, if any such representation and warranty is expressly stated to have been made as of a specific date, as of such specific date) and (ii) no Default or Event of Default shall have occurred and be continuing on the date of such notice and as of the commencement date of the relevant Extension Period. Each Lender, acting in its sole discretion, shall, not later than a date 30 days after its receipt of any such notice from the Administrative Agent, notify the Borrowers and the Administrative Agent in writing of its election to extend or not to extend the Existing Maturity Date with respect to its Commitment. Any Lender which shall not timely notify the Borrowers and the Administrative Agent of its election to extend the Existing Maturity Date shall be deemed not to have elected to extend the Existing Maturity Date with respect to its Commitment (any Lender who timely notifies the Borrowers and the Administrative Agent of an election not to extend or fails to timely notify the Borrowers and the Administrative Agent of its election being referred to as a “Terminating Lender” and all such Lenders, collectively, the “Terminating Lenders”). The election of any Lender to agree to a requested extension shall not obligate any other Lender to agree to such requested extension.

  • Repayment of Revolving Credit Loans The Borrower shall repay the Revolving Credit Loans together with all outstanding interest thereon on the Expiration Date.

  • Repayment of Revolving Credit Advances The Borrower shall repay to the Agent for the ratable account of the Lenders on the Termination Date the aggregate principal amount of the Revolving Credit Advances then outstanding.

  • Final Maturity Date 23 Fitch.........................................................................................23

  • Repayment of Revolving Loans The Revolving Loans and all other Liabilities (other than the Term Loan) shall be repaid on the last day of the Original Term or any Renewal Term if this Agreement is renewed pursuant to Section 10 hereof.

  • Maturity Date This Agreement shall continue in effect until the maturity date set forth on the Schedule (the "Maturity Date"), subject to Section 6.3 below.

  • Termination or Reduction of Revolving Credit Commitments The Borrower shall have the right, upon not less than three Business Days’ notice to the Administrative Agent (which shall promptly notify each Lender thereof), to terminate the Revolving Credit Commitments or, from time to time, to reduce the amount of the Revolving Credit Commitments; provided that no such termination or reduction of Revolving Credit Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Revolving Credit Loans made on the effective date thereof, the Total Revolving Extensions of Credit would exceed the Total Revolving Credit Commitments. Any such reduction shall be in an amount equal to $1,000,000, or a whole multiple thereof, and shall reduce permanently the Revolving Credit Commitments then in effect.

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