Extension of the Scheduled Termination Date. Provided that no Unmatured Event of Termination or Event of Termination has occurred and is continuing, no earlier than three (3) months prior to (but no later than forty-five (45) days prior to) the then current Scheduled Termination Date, the Borrower (or the Servicer on the Borrower’s behalf) may request an extension of the then current Scheduled Termination Date by submitting a request for an extension (each, an “Extension Request”) to the Collateral Agent and the Administrative Agent, which the Administrative Agent shall, upon receipt, forward to each Group Agent. Such Extension Request must specify (i) the date (which must be at least thirty (30) days after the applicable Extension Request is delivered to the Collateral Agent and the Administrative Agent) as of which each Lender is requested to respond to such Extension Request by (each, a “Response Date”). Promptly upon receipt of an Extension Request, each Group Agent (on behalf of its Lenders) shall notify the Servicer (on behalf of the Borrower) as to whether each Lender in its Group approves such Extension Request (it being understood that each Lender in a Group may accept or decline such Extension Request in its sole discretion). The failure of any Lender to affirmatively notify the Servicer (on behalf of the Borrower) of such Xxxxxx’s election regarding such Extension Request by the applicable Response Date shall be deemed to be a refusal by such Lender to grant the requested extension. In the event that the Administrative Agent and the Lenders with Lender Loan Limits which aggregate to an amount at least equal to [REDACTED] of the then current Lenders’ Lender Loan Limit shall approve of such request (such date, the “Approval Date”), then the current Scheduled Termination Date shall be extended to the date which is 364 days after such Approval Date and each such Lender and the other parties hereto that approved such Extension Request shall enter into such documents as the Administrative Agent and such Lenders may deem necessary or appropriate to reflect such extension. In the event that the Lenders relating to a Group decline an Extension Request (each such declining Lender, an “Exiting Lender”), the Group Agent for such Exiting Lenders shall so notify the Servicer (on behalf of the Borrower), the Collateral Agent, the Administrative Agent, and each of the other parties hereto of such Exiting Lender’s determination. If the Lenders of a Group become Exiting Lenders, such Groups’ Group Loan Limi...
Extension of the Scheduled Termination Date. (a) Provided that no Unmatured Amortization Event or Amortization Event exists and is continuing, the Borrower may request one or more Liquidity Bank(s) to extend its Scheduled Termination Date by submitting a request for an extension (each, an "Extension Request") to the Co-Agents no more than 90 days prior to each such Liquidity Bank's respective Scheduled Termination Date then in effect. Each Extension Request must specify the new Scheduled Termination Date requested by the Borrower for such Liquidity Bank(s) and the date (which must be at least 30 days after the Extension Request is delivered to the Co-Agents) as of which the Co-Agents and the applicable Liquidity Bank(s) must respond to the Extension Request (the "Response Date"). The new Scheduled Termination Date for each applicable Liquidity Bank shall be no more than 364 days after the applicable Response Date, including such Response Date as one of the days in the calculation of the days elapsed.
Extension of the Scheduled Termination Date. (a) Provided that no Unmatured Default or Event of Default exists and is continuing, the Borrower may request one or more Liquidity Bank(s) to extend its Scheduled Termination Date by submitting a request for an extension (each, an "Extension Request") to the Co-Agents no more than 210 days prior to each such Liquidity Bank's respective Scheduled Termination Date then in effect (it being understood that no such request may be made with respect to CLNY's Scheduled Termination Date more than 90 days prior to such Liquidity Bank's existing Scheduled Termination Date). Each Extension Request must specify the new Scheduled Termination Date requested by the Borrower for such Liquidity Bank(s) and the date (which must be at least 30 days after the Extension Request is delivered to the Co-Agents and, in the case of CLNY, not more than 60 days prior to their respective existing Scheduled Termination Dates) as of which the applicable Liquidity Bank(s) must respond to the Extension Request (the "Response Date"). The new Scheduled Termination Date for each applicable Liquidity Bank shall be no more than 364 days after its existing Scheduled Termination Date, including such existing Scheduled Termination Date as one of the days in the calculation of the days elapsed, and the extension of the Scheduled Termination Date shall not become effective until the existing Scheduled Termination Date.
Extension of the Scheduled Termination Date. The Credit Institution, at its sole option, may extend the Scheduled Termination Date for purposes of this Agreement and the Letter of Credit for one or more years at a time. No exercise by the Credit Institution of such option shall obligate the Borrower to accept and pay any commission on the extension of this Agreement and the Letter of Credit unless the Borrower shall consent to such extension. If the Scheduled Termination Date is extended by agreement of the parties as provided herein, then the Credit Institution shall as soon as practicable thereafter give notice to the Trustee of such extension in the form of Exhibit G to the Letter of Credit.
Extension of the Scheduled Termination Date. (a) Provided that no Unmatured Default or Event of Default exists and is continuing, the Borrower may request one or more Liquidity Bank(s) to extend its Scheduled Termination Date by submitting a request for an extension (each, an "EXTENSION REQUEST") to the Co-Agents no more than 210 days prior to each such Liquidity Bank's respective Scheduled Termination Date then in effect (it being understood that no such request may be made with respect to CLNY's Scheduled Termination Date more than 90 days prior to or CLNY's Scheduled Termination Date, as applicable). Each Extension Request must specify the new Scheduled Termination Date requested by the Borrower for such Liquidity Bank(s) and the date (which must be at least 30 days after the Extension Request is delivered to the Co-Agents) as of which the Co-Agents and the applicable Liquidity Bank(s) must respond to the Extension Request (the "RESPONSE DATE"). The new Scheduled Termination Date for each applicable Liquidity Bank shall be no more than 364 days after the applicable Response Date, including such Response Date as one of the days in the calculation of the days elapsed.
Extension of the Scheduled Termination Date. Provided that no Event of Default exists and is continuing, the Borrower may request an extension of the Scheduled Termination Date by submitting a request for an extension (each, an “Extension Request”) to the Agent. If Bank of America, as Lender, does not agree to an Extension Request, the Scheduled Termination Date shall remain unchanged.
Extension of the Scheduled Termination Date. (a)(i) Provided that no Unmatured Amortization Event or Amortization Event exists and is continuing, Borrower may request the Liquidity Bank(s) in each Group to extend by a calendar year their Scheduled Termination Date by submitting a request for such extension (each, an “Anniversary Extension Request”) to the Co-Agents at least 35 days and no more than 90 days prior to each anniversary of the Amendment Effectiveness Date. Each Anniversary Extension Request must specify the new Scheduled Termination Date that gives effect to the calendar year extension and the date as of which the Co-Agents and the applicable Liquidity Bank(s) must respond to the Anniversary Extension Request (the “Anniversary Response Date”). The Anniversary Response Date must be at least 30 days after the Anniversary Extension Request is delivered to the Co-Agents.
Extension of the Scheduled Termination Date. (a)(i) Provided that no Unmatured Amortization Event or Amortization Event exists and is continuing, Borrower may request the Lenders in each Group to extend by a calendar year their Scheduled Termination Date by submitting a request for such extension (each, an “Anniversary Extension Request”) to the Co-Agents at least 35 days and no more than 90 days prior to each anniversary of the Effectiveness Date. Second Amended and Restated Credit and Security Agreement Each Anniversary Extension Request must specify the new Scheduled Termination Date that gives effect to the calendar year extension and the date as of which the Co-Agents (on behalf of their respective Constituent Lenders) must respond to the Anniversary Extension Request (the “Anniversary Response Date”). The Anniversary Response Date must be at least 30 days after the Anniversary Extension Request is delivered to the Co-Agents.
