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

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.

Appears in 2 contracts

Samples: Patent Security Agreement, Security Agreement (OCI Partners LP)

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Extension of Revolving Loan Maturity Date. (ai) 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 a Revolving Extension Request”) that each Revolving Lender extend the Latest Maturity Date for such Revolving Lender’s Revolving Loan Commitment for an additional one-year period.

Appears in 1 contract

Samples: Credit Agreement (OCI Partners LP)

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Extension of Revolving Loan Maturity Date. (a) At least 60 Provided that no Default or Potential Default exists, not earlier than ninety (90) days but not more prior to, nor later than 90 sixty (60) days prior to each anniversary of the Closing Revolving Loan Maturity Date (any such applicable anniversary of the Closing Datethen in effect, the “Extension Date”)Company may, the Borrower, by upon written notice to the Administrative Agent, may request (elect to extend such request, an “Extension Request”) that each Lender extend the Latest Revolving Loan Maturity Date for such Lender’s Revolving Loan Commitment for an additional until the immediately succeeding one-year periodanniversary of such Revolving Loan Maturity Date; provided that the Company may exercise this right on no more than three consecutive occasions.

Appears in 1 contract

Samples: Loan Agreement (Glowpoint, Inc.)

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