Common use of Maturity Extension Clause in Contracts

Maturity Extension. (a) The Company, at its option and in its sole discretion, and subject to compliance with Section 4.05, may elect to extend the Stated Maturity of the Notes in whole or in part from September 30, 2027 to September 30, 2028 (a “Maturity Extension”) by providing Holders of Notes with notice of such election (an “Extension Notice”) in accordance with Section 2.14(b). As a condition to the Maturity Extension, the Company shall deposit with the Trustee or with a Paying Agent for distribution to the Holders as of such date on a pro rata basis, on or before 11:00 a.m. Eastern Time on September 30, 2027, a one-time cash extension fee equal to 0.25% of the principal amount of Notes (the “Extension Fee”) subject to the Maturity Extension. (b) If the Company elects to exercise the Maturity Extension, the Company will, no more than 180 days and no less than 15 days prior to September 30, 2027, send to each Holder of Notes an Extension Notice in the manner provided in Section 13.01. Any Extension Notice shall state that: (i) the Company has elected to extend the Stated Maturity of the Notes to September 30, 2028 in accordance with this Section 2.14; (ii) the principal amount of Notes to which the Maturity Extension applies (which, if exercised for a portion of the Notes, shall be done on a pro rata basis); and (iii) such further information as the Company deems necessary. An Extension Notice shall be given by the Company or, at the Company’s request, by the Trustee in the name and at the expense of the Company. (c) If the Company validly exercises the Maturity Extension and pays the Extension Fee in accordance with this Section 2.14, the Stated Maturity of the Notes will, automatically and without further action on the part of the Company, the Trustee or the Holders, become September 30, 2028.

Maturity Extension. (a) The Company, at its option and in its sole discretion, and subject to compliance with Section 4.0510.07, may elect to extend the Stated Maturity of the Notes in whole or in part from September 30January 15, 2026 to January 15, 2027 to September 30, 2028 (a “Maturity Extension”) by providing Holders of Notes with notice of such election (an “Extension Notice”) in accordance with Section 2.14(b2.01(b). As a condition to the Maturity Extension, the Company shall deposit with the Trustee or with a Paying Agent for distribution to the Holders as of such date on a pro rata basis, on or before 11:00 a.m. Eastern Time on September 30January 15, 20272026, a one-time cash extension fee equal to 0.250.50% of the principal amount of Notes (the “Extension Fee”) subject to the Maturity Extension. (b) If the Company elects to exercise the Maturity Extension, the Company will, no more than 180 days and no less than 15 days prior to September 30January 15, 20272026, send to each Holder of Notes an Extension Notice in the manner provided in Section 13.011.06. Any Extension Notice shall state that: (i) the Company has elected to extend the Stated Maturity of the Notes to September 30January 15, 2028 2027 in accordance with this Section 2.142.01; (ii) the principal amount of Notes to which the Maturity Extension applies (which, if exercised for a portion of the Notes, shall be done on a pro rata basis); and (iii) such further information as the Company deems necessary. An Extension Notice shall be given by the Company or, at the Company’s request, by the Trustee in the name and at the expense of the Company. (c) If the Company validly exercises the Maturity Extension and pays the Extension Fee in accordance with this Section 2.142.01, the Stated Maturity of the Notes will, automatically and without further action on the part of the Company, the Trustee or the Holders, become September 30January 15, 20282027.