Common use of Extension of Termination Date Clause in Contracts

Extension of Termination Date. (a) At least 30 days but not more than 45 days prior to any or all of the first, second, third or fourth anniversaries of the Effective Date, the Borrower, by written notice to the Agent, may request an extension of the Termination Date in effect at such time by one year from its then scheduled expiration. The Agent shall promptly notify each Lender of such request, and each Lender shall in turn, in its sole discretion, not later than 20 days prior to such anniversary date, notify the Borrower and the Agent in writing as to whether such Lender will consent to such extension. If any Lender shall fail to notify the Agent and the Borrower in writing of its consent to any such request for extension of the Termination Date at least 20 days prior to the applicable anniversary date, such Lender shall be deemed to be a Non-Consenting Lender with respect to such request. The Agent shall notify the Borrower not later than 15 days prior to the applicable anniversary date of the decision of the Lenders regarding the Borrower’s request for an extension of the Termination Date.

Appears in 4 contracts

Samples: Five Year Credit Agreement (Snap on Inc), Five Year Credit Agreement (Snap on Inc), Assignment and Assumption (SNAP-ON Inc)

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Extension of Termination Date. (a) At least 30 45 days but not more than 45 60 days prior to any or all of the first, second, third or fourth anniversaries first and/or second anniversary of the Effective Date, the Borrower, by written notice to the Agent, may request an extension of the Termination Date in effect at such time by one year from its then scheduled expiration. The Agent shall promptly notify each Lender of such request, and each Lender shall in turn, in its sole discretion, not later than 20 days prior to such the applicable anniversary date, notify the Borrower and the Agent in writing as to whether such Lender will consent to such extension. If any Lender shall fail to notify the Agent and the Borrower in writing of its consent to any such request for extension of the Termination Date at least 20 days prior to the applicable anniversary date, such Lender shall be deemed to be a Non-Consenting Lender with respect to such request. The Agent shall notify the Borrower not later than 15 days prior to the applicable anniversary date of the decision of the Lenders regarding the Borrower’s request for an extension of the Termination Date.

Appears in 4 contracts

Samples: Credit Agreement (Packaging Corp of America), Five Year Credit Agreement (Packaging Corp of America), Credit Agreement (Hill-Rom Holdings, Inc.)

Extension of Termination Date. (a) At least 30 days but not more than 45 days prior to any either or all both of the first, second, third or fourth first and second anniversaries of the Effective Date, the Borrower, by written notice to the Agent, may request an extension of the Termination Date in effect at such time by one year from its then scheduled expiration. The Agent shall promptly notify each Lender of such request, and each Lender shall in turn, in its sole discretion, not later than 20 days prior to such the applicable anniversary date, notify the Borrower and the Agent in writing as to whether such Lender will consent to such extension. If any Lender shall fail to notify the Agent and the Borrower in writing of its consent to any such request for extension of the Termination Date at least 20 days prior to the applicable anniversary date, such Lender shall be deemed to be a Non-Consenting Lender with respect to such request. The Agent shall notify the Borrower not later than 15 days prior to the applicable anniversary date of the decision of the Lenders regarding the Borrower’s request for an extension of the Termination Date.

Appears in 3 contracts

Samples: Credit Agreement (Corning Inc /Ny), Credit Agreement (Corning Inc /Ny), Credit Agreement (Corning Inc /Ny)

Extension of Termination Date. (a) At least 30 45 days but not more than 45 60 days prior to any or all of the first, second, third or fourth anniversaries each anniversary of the Effective Date, the Borrower, by written notice to the Agent, may request an extension of the Termination Date in effect at such time by one year from its then scheduled expiration. The Agent shall promptly notify each Revolving Credit Lender of such request, and each Revolving Credit Lender shall in turn, in its sole discretion, not later than 20 days prior to such anniversary date, notify the Borrower and the Agent in writing as to whether such Lender will consent to such extension. If any Revolving Credit Lender shall fail to notify the Agent and the Borrower in writing of its consent to any such request for extension of the Termination Date at least 20 days prior to the applicable anniversary date, such Lender shall be deemed to be a Non-Consenting Lender with respect to such request. The Agent shall notify the Borrower not later than 15 days prior to the applicable anniversary date of the decision of the Revolving Credit Lenders regarding the Borrower’s request for an extension of the Termination Date.

Appears in 2 contracts

Samples: Credit Agreement (Embarq CORP), Credit Agreement (Embarq CORP)

Extension of Termination Date. (a) At least 30 45 days but not more than 45 90 days prior to any or all of the first, second, third or fourth anniversaries first and/or second anniversary of the Effective Date, the Borrower, by written notice to the Agent, may request an extension of the Termination Date in effect at such time by one year from its then scheduled expiration. The Agent shall promptly notify each Lender of such request, and each Lender shall in turn, in its sole discretion, not later than 20 days prior to such anniversary date, notify the Borrower and the Agent in writing as to whether such Lender will consent to such extension. If any Lender shall fail to notify the Agent and the Borrower in writing of its consent to any such request for extension of the Termination Date at least 20 days prior to the applicable anniversary date, such Lender shall be deemed to be a Non-Consenting Lender with respect to such request. The Agent shall notify the Borrower not later than 15 days prior to the applicable anniversary date of the decision of the Lenders regarding the Borrower’s request for an extension of the Termination Date.

Appears in 2 contracts

Samples: Year Credit Agreement (Gatx Corp), Five Year Credit Agreement (Gatx Corp)

Extension of Termination Date. (a) At least 30 45 days but not more than 45 90 days (or such other time frame as may be agreed by the Agent in its sole discretion) prior to any or all of the first, second, third or fourth anniversaries anniversary of the Effective Date, the BorrowerCompany, by written notice to the Agent, may request an extension of the Termination Date in effect at such time by one year from its then scheduled expiration. The Agent shall promptly notify each Lender of such request, and each Lender shall in turn, in its sole discretion, not later than 20 30 days prior to such the applicable anniversary date, notify the Borrower Company and the Agent in writing as to whether such Lender will consent to such extension. If any Lender shall fail to notify the Agent and the Borrower Company in writing of its consent to any such request for extension of the Termination Date at least 20 30 days prior to the applicable anniversary date, such Lender shall be deemed to be a Non-Consenting Lender with respect to such request. The Agent shall notify the Borrower Company not later than 15 days prior to the applicable anniversary date of the decision of the Lenders regarding the BorrowerCompany’s request for an extension of the Termination Date.

Appears in 2 contracts

Samples: Credit Agreement (Corning Inc /Ny), Credit Agreement (Corning Inc /Ny)

Extension of Termination Date. (a) At least 30 days but not more than 45 60 days prior to any or all of the first, second, third or fourth anniversaries of the Effective next Anniversary Date, the Borrower, by written notice to the Administrative Agent, may request an extension of the Termination Date in effect at such time by one calendar year from its then scheduled expiration. The Administrative Agent shall promptly notify each Lender of such request, and each Lender shall in turn, in its sole discretion, not later than 20 15 days prior to after the date of such anniversary dateextension request, notify the Borrower and the Administrative Agent in writing as to whether such Lender will consent to such extension. If any Lender shall fail to notify the Administrative Agent and the Borrower in writing of its consent to any such request for extension of the Termination Date at least 20 within 15 days prior to after the applicable anniversary datedate of such extension request, such Lender shall be deemed to be a Non-Consenting Lender with respect to such request. The Administrative Agent shall notify the Borrower not later than 15 10 days prior to the applicable anniversary date such next Anniversary Date of the decision of the Lenders regarding the Borrower’s request for an extension of the Termination Date.

Appears in 2 contracts

Samples: Year Credit Agreement (Colgate Palmolive Co), Credit Agreement (Colgate Palmolive Co)

Extension of Termination Date. (a) At Once per year and at least 30 60 days but not more than 45 90 days prior to any or all of the first, second, third or fourth anniversaries anniversary of the Effective Date, the Borrower, by written notice to the Agent, may request an extension of the Termination Date in effect at such time by one year from its then scheduled expiration. The Agent shall promptly notify each Lender of such request, and each Lender shall in turn, in its sole discretion, not later than 20 days prior to such anniversary date, notify the Borrower and the Agent in writing as to whether such Lender will consent to such extension. If any Lender shall fail to notify the Agent and the Borrower in writing of its consent to any such request for extension of the Termination Date at least 20 days prior to the applicable anniversary date, such Lender shall be deemed to be a Non-Consenting Lender with respect to such request. The Agent shall notify the Borrower not later than 15 days prior to the applicable anniversary date of the decision of the Lenders regarding the Borrower’s request for an extension of the Termination Date.

Appears in 1 contract

Samples: Year Credit Agreement (Pinnacle West Capital Corp)

Extension of Termination Date. (a) At least 30 45 days ----------------------------- but not more than 45 60 days prior to any or all of the first, second, third or fourth anniversaries each anniversary of the Effective Date, the Borrower, by written notice to the Agent, may request an extension of the Termination Date in effect at such time by one year from its then scheduled expiration. The Agent shall promptly notify each Lender of such request, and each Lender shall in turn, in its sole discretion, not earlier than 30 days prior to such anniversary date and in any event not later than 20 days prior to such anniversary date, notify the Borrower and the Agent in writing as to whether such Lender will consent to such extension. If any Lender shall fail to notify the Agent and the Borrower in writing of its consent to any such request for extension of the Termination Date at least 20 days prior to the applicable such anniversary date, such Lender shall be deemed to be a Non-Consenting Lender with respect to such request. The Agent shall notify the Borrower not later than 15 days prior to the applicable such anniversary date of the decision of the Lenders regarding the Borrower’s 's request for an extension of the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Agilent Technologies Inc)

Extension of Termination Date. (a) At least 30 60 days but not more than 45 90 days prior to any or all anniversary of the first, second, third or fourth anniversaries of the Effective Restatement Date, the BorrowerCompany, by written notice to the Agent, may request an extension of the Termination Date in effect at such time by one year from its then scheduled expiration; provided that such notice of request for an extension of the Termination Date may be given not more than twice. The Agent shall promptly notify each Lender of such request, and each Lender shall in turn, in its sole discretion, not later than 20 days prior to such anniversary date, notify the Borrower Company and the Agent in writing as to whether such Lender will consent to such extension. If any Lender shall fail to notify the Agent and the Borrower Company in writing of its consent to any such request for extension of the Termination Date at least 20 days prior to the applicable such anniversary date, such Lender shall be deemed to be a Non-Consenting Lender with respect to such request. The Agent shall notify the Borrower Company not later than 15 days prior to the applicable such anniversary date of the decision of the Lenders regarding the BorrowerCompany’s request for an extension of the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Xerox Corp)

Extension of Termination Date. (a) At least 30 days but not more than 45 90 days prior to any or all of the first, second, third or fourth anniversaries each anniversary of the Effective Date, the Borrower, by written notice to the Agent, may request an extension of the Termination Date in effect at such time by one year from its then scheduled expiration. The Agent Computer Associates Credit Agreement 23 shall promptly notify each Lender of such request, and each Lender shall in turn, in its sole discretion, not later than 20 25 days prior to such anniversary date, notify the Borrower and the Agent in writing as to whether such Lender will consent to such extension. If any Lender shall fail to notify the Agent and the Borrower in writing of its consent to any such request for extension of the Termination Date at least 20 25 days prior to the applicable such anniversary date, such Lender shall be deemed to be a Non-Consenting Lender with respect to such request. The Agent shall notify the Borrower promptly (but in any event not later than 15 days prior to such anniversary date) notify the applicable anniversary date Borrower of the decision of the Lenders pursuant to this Section 2.18 regarding the Borrower’s request for an extension of the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Computer Associates International Inc)

Extension of Termination Date. (a) At least 30 45 days but not more than 45 60 days prior to any or all of the first, second, third or fourth anniversaries first and/or second anniversary of the Effective Date, the Borrower, by written notice to the Agent, may request an extension of the Termination Date in effect at such time by one year from its then scheduled expiration. The Agent shall promptly notify each Lender of such request, and each Lender shall in turn, in its sole discretion, not later than 20 days prior to such anniversary date, notify the Borrower and the Agent in writing as to whether such Lender will consent to such extension. If any Lender shall fail to notify the Agent and the Borrower in writing of its consent to any such request for extension of the Termination Date at least 20 days prior to the applicable anniversary date, such Lender shall be deemed to be a Non-Consenting Lender with respect to such request. The Agent shall notify the Borrower not later than 15 days prior to the applicable anniversary date of the decision of the Lenders regarding the Borrower’s request for an extension of the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Office Depot Inc)

Extension of Termination Date. (a) At least 30 45 days but not more than 45 60 days prior to any or all each of the first, second, third first or fourth anniversaries second anniversary of the Effective Date, the Borrower, by written notice to the Agent, may request an extension of the Termination Date in effect at such time by one year from its then scheduled expiration. The Agent shall promptly notify each Lender of such request, and each Lender shall in turn, in its sole discretion, not no later than 20 35 days prior to such anniversary date, notify the Borrower and the Agent in writing as to whether such Lender will consent to such extension. If any Lender shall fail to notify the Agent and the Borrower in writing of its consent to any such request for extension of the Termination Date at least 20 35 days prior to the applicable anniversary date, such Lender shall be deemed to be a Non-Consenting Lender with respect to such request. The Agent shall notify the Borrower not later than 15 30 days prior to the applicable anniversary date of the decision of the Lenders regarding the Borrower’s request for an extension of the Termination Date.

Appears in 1 contract

Samples: Year Credit Agreement (At&t Inc.)

Extension of Termination Date. (a) At least 30 days but not more than 45 60 days prior to any or all of the first, second, third or fourth anniversaries of the Effective each Anniversary Date, the Borrower, by written notice to the Paying Agent, may request an extension of the Termination Date in effect at such time by one year from its then scheduled expiration. The Paying Agent shall promptly notify each Lender of such request, and each Lender shall in turn, in its sole discretion, not later than at least 20 days prior to such anniversary dateAnniversary Date, notify the Borrower and the Paying Agent in writing as to whether such Lender will consent to such extension. If any Lender shall fail to notify the Paying Agent and the Borrower in writing of its consent to any such request for extension of the Termination Date at least 20 days prior to the applicable anniversary datescheduled occurrence thereof at such time, such Lender shall be deemed to be a Non-Consenting Lender with respect to such request. The Paying Agent shall notify the Borrower not later than 15 days prior to the applicable anniversary date pending Anniversary Date of the decision of the Lenders regarding the Borrower’s request for an extension of the Termination Date.

Appears in 1 contract

Samples: Five Year Credit Agreement (Kroger Co)

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Extension of Termination Date. (a) At least 30 days but not more than 45 days prior to any or all of the first, second, third or fourth anniversaries first and/or the second anniversary of the Effective Date, the Borrower, by written notice to the Agent, may request an extension of the Termination Date in effect at such time by one year from its then scheduled expiration. The Agent shall promptly notify each Lender of such request, and each Lender shall in turn, in its sole discretion, not later than 20 days prior to such anniversary date, notify the Borrower and the Agent in writing as to whether such Lender will consent to such extension. If any Lender shall fail to notify the Agent and the Borrower in writing of its consent to any such request for extension of the Termination Date at least 20 days prior to the applicable anniversary date, such Lender shall be deemed to be a Non-Consenting Lender with respect to such request. The Agent shall notify the Borrower not later than 15 days prior to the applicable anniversary date of the decision of the Lenders regarding the Borrower’s request for an extension of the Termination Date.

Appears in 1 contract

Samples: Five Year Credit Agreement (Pepsiamericas Inc/Il/)

Extension of Termination Date. (a) At least 30 45 days but not more than 45 60 days prior to any or all each of the first, second, third first or fourth anniversaries second anniversary of the Effective Date, the Borrower, by written notice to the Agent, may request an extension of the Termination Date in effect at such time by one year from its then scheduled expiration. The Agent shall promptly notify each Lender of such request, and each Lender shall in turn, in its sole discretion, no earlier than 30 days but not later than 20 days prior to such anniversary date, notify the Borrower and the Agent in writing as to whether such Lender will consent to such extension. If any Lender shall fail to notify the Agent and the Borrower in writing of its consent to any such request for extension of the Termination Date at least 20 days prior to the applicable anniversary date, such Lender shall be deemed to be a Non-Consenting Lender with respect to such request. The Agent shall notify the Borrower not later than 15 days prior to the applicable anniversary date of the decision of the Lenders regarding the Borrower’s 's request for an extension of the Termination Date.

Appears in 1 contract

Samples: Five Year Credit Agreement (At&t Inc.)

Extension of Termination Date. (a) At least 30 60 days but not more than 45 90 days prior to any or all of the first, second, third or fourth anniversaries anniversary of the Effective DateDate (but not more than twice), the Borrower, by written notice to the Agent, may request an extension of the Termination Date in effect at such time by one year from its then scheduled expiration. The Agent shall promptly notify each Lender of such request, and each Lender shall in turn, in its sole discretion, not later than 20 days prior to such anniversary date, notify the Borrower and the Agent in writing as to whether such Lender will consent to such extension. If any Lender shall fail to notify the Agent and the Borrower in writing of its consent to any such request for extension of the Termination Date at least 20 days prior to the applicable anniversary date, such Lender shall be deemed to be a Non-Consenting Lender with respect to such request. The Agent shall notify the Borrower not later than 15 days prior to the applicable anniversary date of the decision of the Lenders regarding the Borrower’s 's request for an extension of the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Pinnacle West Capital Corp)

Extension of Termination Date. (a) At least 30 45 days but not more than 45 90 days prior to any or all of the first, second, third or fourth anniversaries anniversary of the Effective Date, the Borrower, by written notice to the Agent, may request an extension of the Termination Date in effect at such time by one year from its then scheduled expiration; provided the final Termination Date may not extend more than two years from the initial Termination Date. The Agent shall promptly notify each Lender of such request, and each Lender shall in turn, in its sole discretion, not later than 20 days prior to such anniversary date, notify the Borrower and the Agent in writing as to whether such Lender will consent to such extension. If any Lender shall fail to notify the Agent and the Borrower in writing of its consent to any such request for extension of the Termination Date at least 20 days prior to the applicable anniversary date, such Lender shall be deemed to be a Non-Consenting Lender with respect to such request. The Agent shall notify the Borrower not later than 15 days prior to the applicable anniversary date of the decision of the Lenders regarding the Borrower’s request for an extension of the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (News Corp)

Extension of Termination Date. (a) At least 30 days ----------------------------- but not more than 45 days prior to any or all of the first, second, third or fourth anniversaries each anniversary of the Effective Date, the Borrower, by written notice to the Agent, may request an extension of the Termination Date in effect at such time by one year 364 days from its then scheduled expiration. The Agent shall promptly notify each Lender of such request, and each Lender shall in turn, in its sole discretion, not earlier than 30 days prior to such anniversary date and in any event not later than 20 days prior to such anniversary date, notify the Borrower and the Agent in writing as to whether such Lender will consent to such extension. If any Lender shall fail to notify the Agent and the Borrower in writing of its consent to any such request for extension of the Termination Date at least 20 days prior to the applicable such anniversary date, such Lender shall be deemed to be a Non-Consenting Lender with respect to such request. The Agent shall notify the Borrower not later than 15 days prior to the applicable such anniversary date of the decision of the Lenders regarding the Borrower’s 's request for an extension of the Termination Date.

Appears in 1 contract

Samples: Day Credit Agreement (Agilent Technologies Inc)

Extension of Termination Date. (a) At least 30 60 days but not more than 45 90 days prior to any either or all both of the first, second, third or fourth first and second anniversaries of the Effective Date, the Borrower, by written notice to the Agent, may request an extension of the Termination Date in effect at such time by one year from its then scheduled expiration. The Agent shall promptly notify each Lender of such request, and each Lender shall in turn, in its sole discretion, not later than 20 45 days prior to such anniversary date, notify the Borrower and the Agent in writing as to whether such Lender will consent to such extension. If any Lender shall fail to notify the Agent and the Borrower in writing of its consent to any such request for extension of the Termination Date at least 20 45 days prior to the applicable such anniversary date, such Lender shall be deemed to be a Non-Consenting Lender with respect to such request. The Agent shall notify the Borrower not later than 15 40 days prior to the applicable anniversary date of the decision of the Lenders regarding the Borrower’s request for an extension of the Termination Date.

Appears in 1 contract

Samples: Five Year Credit Agreement (Washington Post Co)

Extension of Termination Date. (a) At least 30 45 days but not more than 45 60 days prior to any or all of the first, second, third or fourth anniversaries anniversary of the Effective Date, the Borrower, by written notice to the Agent, may request an extension of the Termination Date in effect at such time by one year from its then scheduled expiration. The Agent shall promptly notify each Lender of such request, and each Lender shall in turn, in its sole discretion, not earlier than 30 days but not later than 20 days prior to such anniversary date, notify the Borrower and the Agent in writing as to whether such Lender will consent to such extension. If any Lender shall fail to notify the Agent and the Borrower in writing of its consent to any such request for extension of the Termination Date at least 20 days prior to the applicable such anniversary date, such Lender shall be 57 deemed to be a Non-Consenting Lender with respect to such request. The Agent shall notify the Borrower not later than 15 days prior to the applicable such anniversary date of the decision of the Lenders regarding the Borrower’s 's request for an extension of the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Eastman Chemical Co)

Extension of Termination Date. (a) At least 30 60 days but not more than 45 90 days prior to any or all of the first, second, third or fourth anniversaries of the Effective next Anniversary Date, the Borrower, by written notice to the Administrative Agent, may request an extension of the Termination Date in effect at such time by one calendar year from its then scheduled expiration. The Administrative Agent shall promptly notify each Lender of such request, and each Lender shall in turn, in its sole discretion, not earlier than 45 days nor later than 20 30 days prior to such anniversary dateAnniversary Date, notify the Borrower and the Administrative Agent in writing as to whether such Lender will consent to such extension. If any Lender shall fail to notify the Administrative Agent and the Borrower in writing of its consent to any such request for extension of the Termination Date at least 20 prior to 30 days prior to the applicable anniversary datesuch Anniversary Date, such Lender shall be deemed to be a Non-Consenting Lender with respect to such request. The Administrative Agent shall notify the Borrower not later than 15 30 days prior to the applicable anniversary date such next Anniversary Date of the decision of the Lenders regarding the Borrower’s request for an extension of the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Colgate Palmolive Co)

Extension of Termination Date. (a) At least 30 days but not more than 45 60 days prior to any or all of the first, second, third or fourth anniversaries of the Effective Anniversary Date, the Borrower, by written notice to the Administrative Agent, may request an extension of the Termination Date in effect at such time by one calendar year from its the then scheduled expirationTermination Date. The Administrative Agent shall promptly notify each Lender of such request, and each Lender shall in turn, in its sole discretion, not later than 20 15 days prior to after the date of such anniversary dateextension request, notify the Borrower and the Administrative Agent in writing as to whether such Lender will consent to such extension. If any Lender shall fail to notify the Administrative Agent and the Borrower in writing of its consent to any such request for extension of the Termination Date at least 20 within 15 days prior to after the applicable anniversary datedate of such extension request, such Lender shall be deemed to be a Non-Consenting Lender with respect to such request. The Administrative Agent shall notify the Borrower not later than 15 days prior to the applicable anniversary date such Anniversary Date of the decision of the Lenders regarding the Borrower’s 's request for an extension of the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Corn Products International Inc)

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