Common use of Extension Offers Clause in Contracts

Extension Offers. Notwithstanding anything to the contrary in this Agreement, subject to the terms of this Section 2.26, the Borrower may from time to time extend the maturity date of any Tranche of Revolving Commitments or Term Loan B Loans or any portion thereof (each, an “Extension”) pursuant to one or more written offers (each, an “Extension Offer”) made from time to time by the Borrower to all Lenders under any Tranche that is proposed to be extended under this Section 2.26, in each case on the same terms to each Lender of such Tranche. In connection with each proposed Extension, the Borrower will provide notification to the Administrative Agent (for distribution to the Lenders of the applicable Tranche), no later than 45 days prior to the applicable Termination Date of the applicable Tranche or Tranches to be extended of the requested new extended Termination Date for such Extension and the due date for Lender responses. In connection with each proposed Extension, each Lender of the applicable Tranche wishing to participate in such Extension shall, prior to such due date, provide the Administrative Agent with a written notice thereof. Any Lender that does not respond to an Extension Offer by the applicable due date shall be deemed to have rejected such Extension Offer. In connection with any Extension, the Borrower shall provide the Administrative Agent at least 30 days’ (or such shorter period as may be agreed by the Administrative Agent) prior written notice of the Borrower’s desire to extend any Tranche pursuant to this Section 2.26, and shall agree to such procedures, if any, as may be established by, or acceptable to, the Administrative Agent, in each case acting reasonably to accomplish the purposes of this Section 2.26.

Extension Offers. Notwithstanding anything to the contrary in this Agreement, subject to the terms of this Section 2.26, the Borrower may from time to time extend the maturity date of any Tranche of Revolving Commitments or Term Loan B Loans or any portion thereof (each, an “Extension”) pursuant to one or more written offers (each, an “Extension Offer”) made from time to time by the Borrower to all Lenders under any Tranche that is proposed to be extended under this Section 2.26, in each case on the same terms to each Lender of such TrancheLender. In connection with each proposed Extension, the Borrower will provide notification to the Administrative Agent (for distribution to the Lenders of the applicable Tranche), no later than 45 days prior to the applicable Termination Date of the applicable Tranche or Tranches to be extended of the requested new extended Termination Date for such Extension and the due date for Lender responses. In connection with each proposed Extension, each Lender of the applicable Tranche wishing to participate in such Extension shall, prior to such due date, provide the Administrative Agent with a written notice thereof. Any Lender that does not respond to an Extension Offer by the applicable due date shall be deemed to have rejected such Extension OfferExtension. In connection with any Extension, the Borrower shall provide the Administrative Agent at least 30 days’ (or such shorter period as may be agreed by the Administrative Agent) prior written notice of the Borrower’s desire to extend any Tranche pursuant to this Section 2.26, and shall agree to such procedures, if any, as may be established by, or acceptable to, the Administrative Agent, in each case acting reasonably to accomplish the purposes of this Section 2.26.