Common use of Extension of Term Loans Clause in Contracts

Extension of Term Loans. (a) Notwithstanding anything to the contrary in this Agreement, pursuant to one or more offers (each, a “Extension Offer”), made from time to time by the Borrowers to all Lenders holding Term Loans with like maturity date, on a pro rata basis (based on the aggregate Term Loan Commitments with like maturity date) and on the same terms to each such Lender, the 107 Borrowers are hereby permitted to consummate from time to time transactions with individual Lenders that accept the terms contained in any such Extension Offers to extend the scheduled maturity date with respect to all or a portion of any outstanding principal amount of such Lender’s Term Loans and otherwise modify the terms of such Term Loans pursuant to the terms of the relevant Extension Offer (including, without limitation, by changing the interest rate or fees payable in respect of such Term Loan Commitments) (each, an “Extension”, and each group of Term Loans, as so extended, as well as the original Term Loans not so extended, being a “tranche of Term Loans”, and subject to the last sentence of the definition of “Class” any Extended Term Loan shall constitute a separate tranche of Term Loans from the tranche of Term Loans from which they were converted), so long as the following terms are satisfied or waived:

Appears in 1 contract

Samples: Credit and Guaranty Agreement (American Airlines, Inc.)

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Extension of Term Loans. (a) Notwithstanding a)Notwithstanding anything to the contrary in this Agreement, pursuant to one or more offers (each, a “Extension Offer”), made from time to time by the Borrowers Borrower to all Lenders holding Term Loans with like maturity date, on a pro rata basis (based on the aggregate Term Loan Commitments with like maturity date) and on the same terms to each such Lender, the 107 Borrowers are Borrower is hereby permitted to consummate from time to time transactions with individual Lenders that accept the terms contained in any such Extension Offers to extend the scheduled maturity date with respect to all or a portion of any outstanding principal amount of such Lender’s Term Loans and otherwise modify the terms of such Term Loans pursuant to the terms of the relevant Extension Offer (including, without limitation, by changing the interest rate or fees payable in respect of such Term Loan Commitments) (each, an a “Extension”, and each group of Term Loans, as so extended, as well as the original Term Loans not so extended, being a “tranche of Term Loans”, and subject to the last sentence of the definition of “Class” any Extended Term Loan shall constitute a separate tranche of Term Loans from the tranche of Term Loans from which they were converted), so long as the following terms are satisfied or waivedsatisfied:

Appears in 1 contract

Samples: Mortgage and Security Agreement (United Airlines, Inc.)

Extension of Term Loans. (a) Notwithstanding anything to the contrary in this Agreement, pursuant to one or more offers (each, a an “Extension Offer”), ) made from time to time by the Borrowers Borrower to all 1006028216v17 Lenders holding Term Loans with a like maturity date, on a pro rata basis (based on the aggregate Term Loan Commitments Loans with a like maturity date) and on the same terms to each such Lender, the 107 Borrowers are Borrower is hereby permitted to consummate from time to time transactions with individual Lenders that accept the terms contained in any such Extension Offers to extend the scheduled maturity date with respect to all or a portion of any outstanding principal amount of such Lender’s Term Loans and otherwise modify the terms of such Term Loans pursuant to the terms of the relevant Extension Offer (including, without limitation, by changing the interest rate or fees payable in respect of such Term Loan CommitmentsLoans) (each, an “Extension”, and each group of Term Loans, as so extended, as well as the original Term Loans not so extended, being a “tranche of Term Loanstranche”, and subject to the last sentence of the definition of “Class” any Extended Term Loan Loans shall constitute a separate tranche of Term Loans from the tranche of Term Loans from which they were converted), so long as the following terms are satisfied or waivedsatisfied:

Appears in 1 contract

Samples: Term Loan Credit Agreement (Jetblue Airways Corp)

Extension of Term Loans. (a) Notwithstanding anything to the contrary in this Agreement, subject to the terms of this Section 2.15, pursuant to one or more offers (each, a an “Extension Offer”), ) made from time to time by the Borrowers Borrower to all Lenders holding with Term Loans under the same Tranche with a like maturity date, Maturity Date on a pro rata basis (based on the aggregate outstanding principal amount of the respective Term Loan Commitments Loans of such Tranche with a like maturity dateMaturity Date) and on the same terms to each such Lender, the 107 Borrowers are Borrower is hereby permitted to consummate from time to time following the Initial Borrowing Date transactions with individual Lenders that accept the terms contained in any such Extension Offers to extend the scheduled maturity date with respect to all or a portion Maturity Date of any outstanding principal amount of each such Lender’s Term Loans of such Tranche and otherwise modify the terms of such Term Loans pursuant to the terms of the relevant Extension Offer (including, without limitation, by changing increasing the interest rate or fees payable in respect of such Term Loan CommitmentsLoans and/or modifying the amortization schedule in respect of such Lender’s Term Loans) (each, an “Extension”, and each group of Term Loans, as so extended, as well as the original Term Loans not so extended, being a “tranche of Term Loans”, and subject to the last sentence of the definition of “Class” any Extended Term Loan Loans shall constitute a separate tranche Tranche of Term Loans from the tranche Tranche of Term Loans from which they were converted), so long as the following terms are satisfied or waivedsatisfied:

Appears in 1 contract

Samples: Credit Agreement (Semtech Corp)

Extension of Term Loans. (a) Notwithstanding a)Notwithstanding anything to the contrary in this Agreement, pursuant to one or more offers (each, a “Extension Offer”), made from time to time by the Borrowers Borrower to all Lenders holding Term Loans with like maturity date, on a pro rata basis (based on the aggregate Term Loan Commitments with like maturity date) and on the same terms to each such Lender, the 107 Borrowers are Borrower is hereby permitted to consummate from time to time transactions with individual Lenders that accept the terms contained in any such Extension Offers to extend the scheduled maturity date with respect to all or a portion of any outstanding principal amount of such Lender’s Term Loans and otherwise modify the terms of such Term Loans pursuant to the terms of the relevant Extension Offer (including, without limitation, by changing the interest rate or fees payable in respect of such Term Loan Commitments) (each, an “a “ Extension”, and each group of Term Loans, as so extended, as well as the original Term Loans not so extended, being a “tranche of Term Loans”, and subject to the last sentence of the definition of “Class” any Extended Term Loan shall constitute a separate tranche of Term Loans from the tranche of Term Loans from which they were converted), so long as the following terms are satisfied or waived:satisfied: UAL Term Loan Credit Agreement 2020

Appears in 1 contract

Samples: Mortgage and Security Agreement (United Airlines, Inc.)

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Extension of Term Loans. (a) Notwithstanding a)Notwithstanding anything to the contrary in this Agreement, pursuant to one or more offers (each, a “Extension Offer”), made from time to time by the Borrowers Borrower to all Lenders holding Term Loans with like maturity date, on a pro rata basis (based on the aggregate Term Loan Commitments with like maturity date) and on the same terms to each such Lender, the 107 Borrowers are Borrower is hereby permitted to consummate from time to time transactions with individual Lenders that accept the terms contained in any such Extension Offers to extend the scheduled maturity date with respect to all or a portion of any outstanding principal amount of such Lender’s Term Loans and otherwise modify the terms of such Term Loans pursuant to the terms of the relevant Extension Offer (including, without limitation, by changing the interest rate or fees payable in respect of such Term Loan Commitments) (each, an “a “ Extension”, and each group of Term Loans, as so extended, as well as the original Term Loans not so extended, being a “tranche of Term Loans”, and subject to the last sentence of the definition of “Class” any Extended Term Loan shall constitute a separate tranche of Term Loans from the tranche of Term Loans from which they were converted), so long as the following terms are satisfied or waivedsatisfied:

Appears in 1 contract

Samples: Mortgage and Security Agreement (United Airlines, Inc.)

Extension of Term Loans. (a) Notwithstanding anything to the contrary in this Agreement, subject to the terms of this Section 2.15, pursuant to one or more offers (each, a an “Extension Offer”), ) made from time to time by the Borrowers Borrower to all Lenders holding with Term Loans under the same Tranche with a like maturity date, Maturity Date on a pro rata basis (based on the aggregate outstanding principal amount of the respective Term Loan Commitments Loans of such Tranche with a like maturity dateMaturity Date) and on the same terms to each such Lender, the 107 Borrowers are Borrower is hereby permitted to consummate from time to time following the Closing Date transactions with individual Lenders that accept the terms contained in any such Extension Offers to extend the scheduled maturity date with respect to all or a portion Maturity Date of any outstanding principal amount of each such Lender’s Term Loans of such Tranche and otherwise modify the terms of such Term Loans pursuant to the terms of the relevant Extension Offer (including, without limitation, by changing increasing the interest rate or fees payable in respect of such Term Loan CommitmentsLoans and/or modifying the amortization schedule in respect of such Lender’s Term Loans) (each, an “Extension”, and each group of Term Loans, as so extended, as well as the original Term Loans not so extended, being a “tranche of Term Loans”, and subject to the last sentence of the definition of “Class” any Extended Term Loan Loans shall constitute a separate tranche Tranche of Term Loans from the tranche Tranche of Term Loans from which they were converted), so long as the following terms are satisfied or waivedsatisfied:

Appears in 1 contract

Samples: Credit Agreement (Lattice Semiconductor Corp)

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