Extension of Revolving Loan Maturity Date. (a) At least 60 days but not more than 90 days prior to each anniversary of the Closing Date (any such applicable anniversary of the Closing Date, the “Extension Date”), the Borrower, by written notice to the Administrative Agent, may request (such request, an “Extension Request”) that each Lender extend the Latest Maturity Date for such Lender’s Revolving Loan Commitment for an additional one-year period.
Extension of Revolving Loan Maturity Date. The Borrowers shall have the right and option to extend the Revolving Loan Maturity Date for a single one-year term, to November 3, 2025, upon satisfaction of the following conditions precedent, which must be satisfied prior to the effectiveness of any extension of the Revolving Loan Initial Maturity Date:
Extension of Revolving Loan Maturity Date. At any time ----------------------------------------- prior to the date which is 90 days before either the first or second anniversary of the Closing Date but not earlier than the day which is 120 days before such date, the Borrower may request that the Lenders extend the Revolving Loan Maturity Date for one additional year by giving written notice to the Agent. Within three Business Days from the Agent's receipt of such notice from the Borrower, the Agent shall notify each Lender of the requested extension. Within 45 days after receipt of notice from the Agent, each Lender shall notify the Agent of its decision with respect to such extension (which decision is at the option of the Lenders in their sole and absolute discretion). Not less than 30 days prior to the applicable anniversary of the Closing Date, the Agent shall notify the Borrower of the decision of the Lenders with respect to such extension. If all of the Lenders agree to an extension then the Revolving Loan Maturity Date shall be extended by an additional year, provided, however, that -------- ------- notwithstanding anything else contained in this Agreement to the contrary, the Revolving Loan Maturity Date may only be extended for a total of two additional one year periods. If any Lender elects not to extend the Revolving Period, either (i) the Revolving Loan Maturity Date shall not be extended and the Revolving Credit Commitments shall expire on the Revolving Loan Maturity Date or (ii) such Lender may assign its rights and obligations under this Agreement and under such Lender's Revolving Credit Note to an Eligible Assignee approved in writing by the Borrower (so long as no Default or Event of Default exists hereunder) and by the Agent. Notwithstanding anything to the contrary contained in the foregoing part of this Section 3.4, the Lenders shall have no obligation to extend the Revolving Loan Maturity Date and may extend the Revolving Loan Maturity Date on such terms and conditions as the Lenders shall, in their sole and absolute discretion, determine.
Extension of Revolving Loan Maturity Date. To reflect the agreement of the parties to extend the maturity date of the convertible revolving credit facility, effective as of the Effective Date (as such term is defined in Paragraph 5 below) the definition of the term "Revolving Loan Maturity Date" set forth in Paragraph 16 of the Credit Agreement is hereby amended to read in its entirety as follows:
Extension of Revolving Loan Maturity Date. At any time following the second anniversary of the Closing Date and during the 30 day period following delivery by the Borrower pursuant to section 7.1(a) of its consolidated financial statements for its fiscal year then most recently ended, and annually thereafter during the 30 day period following delivery by the Borrower of its consolidated financial statements pursuant to section 7.1(a), the Borrower may request the Administrative Agent to determine if all of the Lenders are then willing to extend the Revolving Loan Maturity Date for a single additional year. If the Borrower so requests, the Administrative Agent will so advise the Lenders. If the Lenders in their sole discretion are all willing to so extend the Revolving Loan Maturity Date, after taking into account such considerations as any Lender may deem relevant (including, without limitation, the financial condition of the Borrower and applicable termination provisions applicable to the Parent Guaranty), the Borrower, the Administrative Agent and all of the Lenders (including each Letter of Credit Issuer) shall execute and deliver a definitive written instrument so extending the Revolving Loan Maturity Date. No such extension of the Revolving Loan Maturity Date shall be valid or effective for any purpose unless such definitive written instrument is so signed and delivered within 60 days following the giving by the Administrative Agent of notice to the Lenders that the Borrower has requested such an extension, and only one such extension may be granted pursuant to this provision.
Extension of Revolving Loan Maturity Date. (a) Subject to the terms and conditions hereunder (including the absence of any Default or Event of Default), the Borrower may direct a written request to the Agent that the Revolving Loan Maturity Date then in effect be extended for a one-year period. Any such request for extension must be delivered to the Agent not later than six months prior to the Revolving Loan Maturity Date. Each Revolving Lender may grant or deny its consent to extending the Revolving Loan Maturity Date in its sole discretion by notifying the Agent in writing; provided, however, that any Revolving Lender that fails to respond to such request for extending the Revolving Loan Maturity Date within 30 days after its receipt thereof shall be deemed to have denied such request for extending the Revolving Loan Maturity Date.
Extension of Revolving Loan Maturity Date. Section 1.1 of the Loan Agreement is hereby amended such that the definition of "Revolving Loan Maturity Date" shall read in full as follows: "Revolving Loan Maturity Date" means June 30, 2003."
Extension of Revolving Loan Maturity Date. The first sentence of Section 2.01(a) of the Credit Agreement is amended and restated to extend the Revolving Loan Maturity Date by two years (to end on October 31, 2026) as follows: “Subject to the terms and conditions of this Agreement, Lender agrees to advance to Borrower from time to time during the period beginning on the Closing Date and ending on October 31, 2026, or such earlier date on which the LLC Term shall end (such date or such earlier date, if applicable, the “Revolving Loan Maturity Date”), such loans as Borrower may request under this Section 2.01 (individually, a “Revolving Loan”); provided, however, that the aggregate principal amount of all Revolving Loans outstanding at any time shall not exceed the Commitment at such time.”
Extension of Revolving Loan Maturity Date. By its execution hereof, each of the Lenders with a Revolving Loan Commitment (including each 2016 Incremental Revolving Lender) hereby agrees to extend the Revolving Loan Maturity Date applicable to its Revolving Loan Commitment to July 1, 2020 in accordance with Section 2.18 of the Credit Agreement. In furtherance of the foregoing, effective upon the date of receipt of a signature page or Authorization and Consent, the defined term Revolving Loan Maturity Date in Section 1.1 of the Credit Agreement shall be amended by replacing the reference therein to “June 13, 2019” with “July 1, 2020”.
Extension of Revolving Loan Maturity Date
