Extension Requests. The Borrower may request a one-year extension of the Scheduled Termination Date by submitting a request for an extension to the Administrative Agent no more than 120 days nor less than 90 days prior to each anniversary of the Effective Date. At the time of or prior to the delivery of such request, the Borrower shall propose to the Administrative Agent the amount of the fees that the Borrower agrees to pay with respect to such one-year extension if approved by Lenders (such request for an extension, together with the fee proposal, being herein referred to as the "EXTENSION REQUEST"). Promptly upon (but not later than five (5) Business Days after) receipt of the Extension Request, the Administrative Agent shall notify each Lender of the contents thereof and shall request each Lender to approve the Extension Request. Each Lender approving the Extension Request shall deliver its written approval no later than sixty (60) days after the date of the Extension Request. If the approval of all Lenders is received by the Administrative Agent within sixty (60) days after the date of the Extension Request (or as otherwise provided in Section 2.17(b)), the Administrative Agent shall promptly so notify the Borrower and each Lender, and the Scheduled Termination Date shall be extended by one (1) year, and in such event the Borrower may thereafter request further extension(s) of the then scheduled Scheduled Termination Date in accordance with this Section 2.17. If any Lender does not deliver to the Administrative Agent such Lender's written approval to any Extension Request within sixty (60) days after the date of such Extension Request, the Scheduled Termination Date shall not be extended, except as otherwise provided in Section 2.17(b) or 2.17(c).
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Extension Requests. The Borrower may request a one-year extension of the Scheduled Termination Facility Maturity Date by submitting a request for an extension to the Administrative Agent no more than 120 days 48 months nor less than 90 days 46 months prior to each anniversary of the Effective then scheduled Facility Maturity Date. At the time of or prior to the delivery of such request, the Borrower shall propose to the Administrative Agent the amount of the fees that the Borrower agrees to pay with respect to such one-year extension if approved by Lenders Banks (such request for an extension, together with the fee proposal, being herein referred to as the "EXTENSION REQUESTExtension Request"). Promptly upon (but not later than five (5) Business Days after) receipt of the Extension Request, the Administrative Agent shall notify each Lender Bank of the contents thereof and shall request each Lender Bank to approve the Extension Request. Each Lender Bank approving the Extension Request shall deliver its written approval no later than sixty (60) days after the date of the Extension Request. If the approval of all Lenders Banks is received by the Administrative Agent within sixty (60) days after the date of the Extension Request (or as otherwise provided in Section 2.17(b2.21(b)), the Administrative Agent shall promptly so notify the Borrower and each LenderBank, and the Scheduled Termination Facility Maturity Date shall be extended by one (1) year, and in such event the Borrower may thereafter request further extension(s) of the then scheduled Scheduled Termination Facility Maturity Date in accordance with this Section 2.172.21. If any Lender Bank does not deliver to the Administrative Agent such LenderBank's written approval to any Extension Request within sixty (60) days after the date of such Extension Request, the Scheduled Termination Facility Maturity Date shall not be extended, except as otherwise provided in Section 2.17(b2.21(b) or 2.17(c2.21(c).
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Sources: Credit Agreement (MDC Holdings Inc)
Extension Requests. The Borrower may request a one-year extension of the Scheduled Termination Facility Maturity Date by submitting a request for an extension to the Administrative Agent no more than 120 days 36 months nor less than 90 days 34 months prior to each anniversary of the Effective then scheduled Facility Maturity Date. At the time of or prior to the delivery of such request, the Borrower shall propose to the Administrative Agent the amount of the fees that the Borrower agrees to pay with respect to such one-year extension if approved by Lenders Banks (such request for an extension, together with the fee proposal, being herein referred to as the "EXTENSION REQUESTExtension Request"). Promptly upon (but not later than five (5) Business Days after) receipt of the Extension Request, the Administrative Agent shall notify each Lender Bank of the contents thereof and shall request each Lender Bank to approve the Extension Request. Each Lender Bank approving the Extension Request shall deliver its written approval no later than sixty (60) days after the date of the Extension Request. If the approval of all Lenders Banks is received by the Administrative Agent within sixty (60) days after the date of the Extension Request (or as otherwise provided in Section 2.17(b2.21(b)), the Administrative Agent shall promptly so notify the Borrower and each LenderBank, and the Scheduled Termination Facility Maturity Date shall be extended by one (1) year, and in such event the Borrower may thereafter request further extension(s) of the then scheduled Scheduled Termination Facility Maturity Date in accordance with this Section 2.172.21. If any Lender Bank does not deliver to the Administrative Agent such LenderBank's written approval to any Extension Request within sixty (60) days after the date of such Extension Request, the Scheduled Termination Facility Maturity Date shall not be extended, except as otherwise provided in Section 2.17(b2.21(b) or 2.17(c2.21(c).
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Sources: Credit Agreement (MDC Holdings Inc)
Extension Requests. The Administrative Borrower may request a one-year extension of the Scheduled Termination Date by submitting a request for an extension to the Administrative Agent no more than 120 days nor less than 90 days prior to each anniversary of the Effective DateScheduled Termination Date then in effect. At the time of or prior to the delivery of such request, the Administrative Borrower shall propose to the Administrative Agent the amount of the fees that the Borrower agrees Borrowers agree to pay with respect to such one-year extension if approved by Lenders (such request for an extension, together with the fee proposal, being herein referred to as the "EXTENSION REQUEST"“Extension Request”). Promptly upon (but not later than five (5) Business Days after) receipt of the Extension Request, the Administrative Agent shall notify each Lender of the contents thereof and shall request each Lender to approve the Extension Request. Each Lender approving the Extension Request (the “Consenting Lenders”) shall deliver its written approval no later than sixty (60) days after the date of the Extension Request. If the approval of all Lenders is received by the Administrative Agent within sixty (60) days after the date of the Extension Request (or as otherwise provided in Section 2.17(b)), the Administrative Agent shall promptly so notify the Administrative Borrower and each Consenting Lender, and the Scheduled Termination Date shall be extended by one (1) year, and in such event the Administrative Borrower may thereafter request further extension(s) of the then scheduled Scheduled Termination Date in accordance with this Section 2.17. If any Lender does not deliver to the Administrative Agent such Lender's ’s written approval to any Extension Request within sixty (60) days after the date of such Extension Request, the Scheduled Termination Date shall not be extended, except as otherwise provided in Section 2.17(b) or 2.17(c).
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