Common use of Extension of Tranche B Availability Period Clause in Contracts

Extension of Tranche B Availability Period. The Tranche B Final Maturity Date in respect of each Bank's Tranche B Commitment may, at the Parent's request, be extended from time to time for any period up to a date falling no later than seven years from the Signing Date. However, each Bank may, in its sole discretion, decline to extend the Tranche B Maturity Date in respect of its own Tranche B Commitment, in which case:

Appears in 5 contracts

Samples: Agreement (Gec Acquisition Corp), Agreement (Gec Acquisition Corp), Agreement (Gec Acquisition Corp)

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