Common use of Extension Offers Clause in Contracts

Extension Offers. (a) Notwithstanding anything to the contrary in this Agreement, pursuant to one or more offers made from time to time by the Borrower to all Lenders of any Class of Loans (each such Class, the “Extension Offer Class”), on a pro rata basis (based, in the case of an offer to the Lenders under any Class of Loans, on the aggregate outstanding Loans of such Class) (“Pro Rata Extension Offers”), the Borrower is hereby permitted, subject to the terms of this Section, to consummate transactions with individual Lenders from time to time to extend the maturity date of such Lender’s Loans of the applicable Extension Offer Class and, in connection therewith, to otherwise modify the terms of such Lender’s Loans of the applicable Extension Offer Class pursuant to the terms of the relevant Pro Rata Extension Offer (including, without limitation, increasing the interest rate or fees payable in respect of such Lender’s Loans and/or modifying the amortization schedule in respect of such Lender’s Loans of the applicable Extension Offer Class). Any such extension (an “Extension”) agreed to between the Borrower and any such Lender (an “Extending Lender”) shall become effective only with respect to such Lender’s Loans of the applicable Extension Offer Class as to which such Lender’s acceptance has been made (such extended Loans, the “Extended Loans”).

Extension Offers. (a) Notwithstanding anything to the contrary in this Agreement, pursuant to one or more offers (each, an “Extension Offer”) made from time to time by the Borrower to all Lenders of any Class of Loans (each such Class, the “Extension Offer Class”), Revolving Credit Commitments with a like maturity date on a pro rata basis (based, in the case of an offer to the Lenders under any Class of Loans, based on the aggregate outstanding Loans principal amount of the Revolving Credit Commitments with a like maturity date) and on the same terms to each such Class) (“Pro Rata Extension Offers”)Lender, the Borrower is hereby permitted, subject to the terms of this Section, permitted to consummate from time to time transactions with individual Lenders from time to time that accept the terms contained in such Extension Offers to extend the maturity date of each such Lender’s Loans of the applicable Extension Offer Class and, in connection therewith, to Revolving Credit Commitments and otherwise modify the terms of such Lender’s Loans of the applicable Extension Offer Class Revolving Credit Commitments pursuant to the terms of the relevant Pro Rata Extension Offer (including, without limitation, by increasing the interest rate or fees payable in respect of such Lender’s Loans and/or modifying Revolving Credit Commitments (and related outstandings)) (each, an “Extension,” and each group of Revolving Credit Commitments in each case as so extended, as well as the amortization schedule original Revolving Credit Commitments (not so extended), being a “Facility”; any Extended Revolving Credit Commitments shall constitute a separate Revolving Credit Facility (an “Extended Revolving Credit Facility”) from the portion of the Revolving Credit Facility not being extended), so long as the following terms are satisfied: (i) no Default or Event of Default shall have occurred and be continuing at the time the offering document in respect of such Lender’s Loans of the applicable an Extension Offer Class). Any such extension is delivered to the Lenders, (an “Extension”ii) agreed to between the Borrower and any such Lender (an “Extending Lender”) shall become effective only with respect to such Lender’s Loans of the applicable Extension Offer Class except as to which such Lender’s acceptance has been made (such extended Loans, the “Extended Loans”).interest

Extension Offers. (a) Notwithstanding anything to the contrary in this Agreement, pursuant to one or more offers made from time to time by the Borrower Borrowers to all Lenders of any Class of Loans (each such Class, the “Extension Offer Class”), on a pro rata basis (based, in the case of an offer to the Lenders under any Class of Loans, on the aggregate outstanding Loans of such Class) (“Pro Rata Extension Offers”), the Borrower is Borrowers are hereby permitted, subject to the terms of this Section, to consummate transactions with individual Lenders from time to time to extend the maturity date of such Lender’s Loans of the applicable Extension Offer Class and, in connection therewith, to otherwise modify the terms of such Lender’s Loans of the applicable Extension Offer Class pursuant to the terms of the relevant Pro Rata Extension Offer (including, without limitation, increasing the interest rate or fees payable in respect of such Lender’s Loans and/or modifying the amortization schedule in respect of such Lender’s Loans of the applicable Extension Offer Class). Any such extension (an “Extension”) agreed to between the Borrower Borrowers and any such Lender (an “Extending Lender”) shall become effective only with respect to such Lender’s Loans of the applicable Extension Offer Class as to which such Lender’s acceptance has been made (such extended Loans, the “Extended Loans”).

Extension Offers. (a) Notwithstanding anything to the contrary in this Agreement, pursuant Pursuant to one or more offers made from time to time by the Borrower to all Lenders of any Class of Loans (each such Class, with notice to the “Extension Offer Class”)Administrative Agent, on a pro rata basis (based, in the case of an offer to the Lenders under any Class of Loans, based on the aggregate outstanding Loans of such ClassTerm Loans) and on the same terms (“Pro Rata Extension Offers”), the Borrower is hereby permitted, subject to the terms of this Section, permitted to consummate transactions with individual Lenders from time to time to extend the maturity date of such Lender’s 's Term Loans of the applicable Extension Offer Class and, in connection therewith, and to otherwise modify the terms of such Lender’s Term Loans of the applicable Extension Offer Class pursuant to the terms of the relevant Pro Rata Extension Offer (including, without limitation, increasing the interest rate or fees payable in respect of such Lender’s Term Loans and/or modifying the amortization schedule in respect of such Lender’s 's Term Loans). For the avoidance of doubt, the reference to “on the same terms” in the preceding sentences shall mean, when comparing Pro Rata Extension Offers, that the Term Loans are offered to be extended for the same amount of time and that the applicable Extension Offer Class)interest rate changes and fees payable in respect thereto are the same. Any such extension (an “Extension”) agreed to between the Borrower and any such Lender (an “Extending Lender”) shall become effective only with respect will be established under this Agreement on such basis as may be agreed to such by the Borrower, the Administrative Agent and each Extending Lender’s Loans of the applicable Extension Offer Class as to which such Lender’s acceptance has been made (. Any such extended Loans, the Term Loan shall constitute an “Extended LoansTerm Loan.”).