Common use of Extension of the Expiry Date Clause in Contracts

Extension of the Expiry Date. Unless the Expiry Date has previously been extended to a date that is 15 days after the Final Legal Distribution Date for the Class B Certificates, then, no earlier than the 180th day and no later than the 90th day prior to the Expiry Date then in effect, the Subordination Agent shall request that the Liquidity Provider extend the Expiry Date to a date no later than such 15th day (unless the obligations of the Liquidity Provider are earlier terminated in accordance herewith). The Liquidity Provider shall advise the Subordination Agent, no earlier than 90 days and no later than 60 days prior to such Stated Expiration Date, whether, in its sole discretion, it agrees to so extend the Expiry Date and, if so, the proposed new Expiry Date. If, on or before such 25th day, the Expiry Date shall not have been so extended and, in such event, the Commitment shall not have been replaced in accordance with Section 3.6(e) of the Intercreditor Agreement, or if the Liquidity Provider fails irrevocably and unconditionally to advise the Subordination Agent on or before the 25th day prior to the Expiry Date then in effect that such Expiry Date shall be so extended, the Subordination Agent shall, on such 25th day (or as soon as possible thereafter), request a Non-Extension Advance in accordance with the terms hereof and of Section 3.6(d) of the Intercreditor Agreement.

Appears in 1 contract

Samples: Northwest Airlines Corp

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Extension of the Expiry Date. Unless the Expiry Date has previously been extended to a date that is 15 days after the Final Legal Distribution Date for the Class B A Certificates, then, no earlier than the 180th day and no later than the 90th day prior to the Expiry Date then in effect, the Subordination Agent shall request that the Liquidity Provider extend the Expiry Date to a date no later than such 15th day (unless the obligations of the Liquidity Provider are earlier terminated in accordance herewith). The Liquidity Provider shall advise the Subordination Agent, no earlier than 90 days and no later than 60 days prior to such Stated Expiration Date, whether, in its sole discretion, it agrees to so extend the Expiry Date and, if so, the proposed new Expiry Date. If, on or before such 25th day, the Expiry Date shall not have been so extended and, in such event, the Commitment shall not have been replaced in accordance with Section 3.6(e) of the Intercreditor Agreement, or if the Liquidity Provider fails irrevocably and unconditionally to advise the Subordination Agent on or before the 25th day prior to the Expiry Date then in effect that such Expiry Date shall be so extended, the Subordination Agent shall, on such 25th day (or as soon as possible thereafter), request a Non-Extension Advance in accordance with the terms hereof and of Section 3.6(d) of the Intercreditor Agreement.

Appears in 1 contract

Samples: Northwest Airlines Corp

Extension of the Expiry Date. Unless Non-Extension Advance. No earlier than the 60th day and no later than the 40th day prior to the then effective Expiry Date has previously been extended to a (unless such Expiry Date is on or after the date that is 15 days after the Final Legal Distribution Date for the Class B A Certificates, then, no earlier than the 180th day and no later than the 90th day prior to the Expiry Date then in effect), the Subordination Agent Borrower shall request that the Liquidity Provider extend the Expiry Date to for a date no later than such 15th day period of 364 days after the then effective Expiry Date (unless the obligations of the Liquidity Provider are earlier terminated in accordance herewithwith the terms hereof). The Liquidity Provider shall advise the Subordination AgentBorrower, no earlier than 90 40 days and no later than 60 25 days prior to such Stated Expiration the then effective Expiry Date, whether, in its sole discretion, it agrees to so extend the Expiry Date and, if so, the proposed new Expiry Date. If, If the Liquidity Provider advises the Borrower on or before the 25th day prior to the Expiry Date then in effect that such 25th day, the Expiry Date shall not have been be so extended and, in such event, the Commitment shall not have been replaced in accordance with Section 3.6(e) of the Intercreditor Agreementextended, or if the Liquidity Provider fails to irrevocably and unconditionally to advise the Subordination Agent Borrower on or before the 25th day prior to the Expiry Date then in effect that such Expiry Date shall be so extendedextended (and, in each case, if the Liquidity Provider shall not have been replaced in accordance with Section 3.6(e) of the Intercreditor Agreement), the Subordination Agent shall, Borrower shall be entitled on and after such 25th day (or as soon as possible thereafter), but prior to the then effective Expiry Date) to request a Non-Extension Advance in accordance with the terms Section 2.02(b) hereof and of Section 3.6(d) of the Intercreditor Agreement.

Appears in 1 contract

Samples: Revolving Credit Agreement (Northwest Airlines Corp)

Extension of the Expiry Date. Unless Non-Extension Advance. No earlier than the 60th day and no later than the 40th day prior to the then effective Expiry Date has previously been extended to a (unless such Expiry Date is on or after the date that is 15 days after the Final Legal Distribution Maturity Date for the Class B A-2 Certificates, then, no earlier than the 180th day and no later than the 90th day prior to the Expiry Date then in effect), the Subordination Agent Borrower shall request that the Liquidity Provider extend the Expiry Date to for a date no later than such 15th day period of 364 days after the then effective Expiry Date (unless the obligations of the Liquidity Provider are earlier terminated in accordance herewithwith the terms hereof). The Liquidity Provider shall advise the Subordination AgentBorrower, no earlier than 90 40 days and no later than 60 25 days prior to such Stated Expiration the then effective Expiry Date, whether, in its sole discretion, it agrees to so extend the Expiry Date and, if so, the proposed new Expiry Date. If, If the Liquidity Provider advises the Borrower on or before the 25th day prior to the Expiry Date then in effect that such 25th day, the Expiry Date shall not have been be so extended and, in such event, the Commitment shall not have been replaced in accordance with Section 3.6(e) of the Intercreditor Agreementextended, or if the Liquidity Provider fails to irrevocably and unconditionally to advise the Subordination Agent Borrower on or before the 25th day prior to the Expiry Date then in effect that such Expiry Date shall be so extendedextended (and, in each case, if the Liquidity Provider shall not have been replaced in accordance with Section 3.6(e) of the Intercreditor Agreement), the Subordination Agent shall, Borrower shall be entitled on and after such 25th day (or as soon as possible thereafter), but prior to the then effective Expiry Date) to request a Non-Extension Advance in accordance with the terms Section 2.02(b) hereof and of Section 3.6(d) of the Intercreditor Agreement.

Appears in 1 contract

Samples: Revolving Credit Agreement (Atlas Air Inc)

Extension of the Expiry Date. Unless Non-Extension Advance. No earlier than the 60th day and no later than the 40th day prior to the then effective Expiry Date has previously been extended to a (unless such Expiry Date is on or after the date that is 15 days after the Final Legal Distribution Maturity Date for the Class B A Certificates, then, no earlier than the 180th day and no later than the 90th day prior to the Expiry Date then in effect), the Subordination Agent Borrower shall request that the Liquidity Provider extend the Expiry Date to for a date no later than such 15th day period of 364 days after the then effective Expiry Date (unless the obligations of the Liquidity Provider are earlier terminated in accordance herewithwith the terms hereof). The Liquidity Provider shall advise the Subordination AgentBorrower, no earlier than 90 40 days and no later than 60 25 days prior to such Stated Expiration the then effective Expiry Date, whether, in its sole discretion, it agrees to so extend the Expiry Date and, if so, the proposed new Expiry Date. If, If the Liquidity Provider advises the Borrower on or before the 25th day prior to the Expiry Date then in effect that such 25th day, the Expiry Date shall not have been be so extended and, in such event, the Commitment shall not have been replaced in accordance with Section 3.6(e) of the Intercreditor Agreementextended, or if the Liquidity Provider fails to irrevocably and unconditionally to advise the Subordination Agent Borrower on or before the 25th day prior to the Expiry Date then in effect that such Expiry Date shall be so extendedextended (and, in each case, if the Liquidity Provider shall not have been replaced in accordance with Section 3.6(e) of the Intercreditor Agreement), the Subordination Agent shall, Borrower shall be entitled on and after such 25th day (or as soon as possible thereafter), but prior to the then effective Expiry Date) to request a Non-Extension Advance in accordance with the terms Section 2.02(b) hereof and of Section 3.6(d) of the Intercreditor Agreement.. 18 14

Appears in 1 contract

Samples: Revolving Credit Agreement (Atlas Air Inc)

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Extension of the Expiry Date. Unless Non-Extension Advance. No earlier than the 60th day and no later than the 40th day prior to the then effective Expiry Date has previously been extended to a (unless such Expiry Date is on or after the date that is 15 days after the Final Legal Distribution Maturity Date for the Class B A-1 Certificates, then, no earlier than the 180th day and no later than the 90th day prior to the Expiry Date then in effect), the Subordination Agent Borrower shall request that the Liquidity Provider extend the Expiry Date to for a date no later than such 15th day period of 364 days after the then effective Expiry Date (unless the obligations of the Liquidity Provider are earlier terminated in accordance herewithwith the terms hereof). The Liquidity Provider shall advise the Subordination AgentBorrower, no earlier than 90 40 days and no later than 60 25 days prior to such Stated Expiration the then effective Expiry Date, whether, in its sole discretion, it agrees to so extend the Expiry Date and, if so, the proposed new Expiry Date. If, If the Liquidity Provider advises the Borrower on or before the 25th day prior to the Expiry Date then in effect that such 25th day, the Expiry Date shall not have been be so extended and, in such event, the Commitment shall not have been replaced in accordance with Section 3.6(e) of the Intercreditor Agreementextended, or if the Liquidity Provider fails to irrevocably and unconditionally to advise the Subordination Agent Borrower on or before the 25th day prior to the Expiry Date then in effect that such Expiry Date shall be so extendedextended (and, in each case, if the Liquidity Provider shall not have been replaced in accordance with Section 3.6(e) of the Intercreditor Agreement), the Subordination Agent shall, Borrower shall be entitled on and after such 25th day (or as soon as possible thereafter), but prior to the then effective Expiry Date) to request a Non-Extension Advance in accordance with the terms Section 2.02(b) hereof and of Section 3.6(d) of the Intercreditor Agreement.. ARTICLE III

Appears in 1 contract

Samples: Revolving Credit Agreement (Atlas Air Inc)

Extension of the Expiry Date. Unless the Expiry Date has previously been extended to a date that is 15 days after the Final Legal Distribution Date for the Class B C Certificates, then, no earlier than the 180th day and no later than the 90th day prior to the Expiry Date then in effect, the Subordination Agent shall request that the Liquidity Provider extend the Expiry Date to a date no later than such 15th day (unless the obligations of the Liquidity Provider are earlier terminated in accordance herewith). The Liquidity Provider shall advise the Subordination Agent, no earlier than 90 days and no later than 60 days prior to such Stated Expiration Date, whether, in its sole discretion, it agrees to so extend the Expiry Date and, if so, the proposed new Expiry Date. If, on or before such 25th day, the Expiry Date shall not have been so extended and, in such event, the Commitment shall not have been replaced in accordance with Section 3.6(e) of the Intercreditor Agreement, or if the Liquidity Provider fails irrevocably and unconditionally to advise the Subordination Agent on or before the 25th day prior to the Expiry Date then in effect that such Expiry Date shall be so extended, the Subordination Agent shall, on such 25th day (or as soon as possible thereafter), request a Non-Extension Advance in accordance with the terms hereof and of Section 3.6(d) of the Intercreditor Agreement.

Appears in 1 contract

Samples: Northwest Airlines Corp

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