Common use of Minimum Extension Requirement Clause in Contracts

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Revolving Credit Lenders that have agreed so to extend their scheduled Termination Date and the additional Commitments of the Assuming Lenders shall be more than 50% of the aggregate amount of the Revolving Credit Commitments in effect immediately prior to the applicable Extension Date, then, effective as of such Extension Date, the scheduled Termination Date of each Extending Lender and of each Assuming Lender shall be extended to the date falling one year after the scheduled Termination Date in effect for such Lenders (except that, if such date is not a Business Day, such Termination Date as so extended shall be the next preceding Business Day) and each Assuming Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 8 contracts

Sources: Fifth Amendment to Credit Agreement (Science Applications International Corp), Credit Agreement (Science Applications International Corp), Credit Agreement (Science Applications International Corp)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Revolving Credit Lenders that have agreed so to extend their scheduled Termination Maturity Date (each, an “Extending Lender”) and the additional Revolving Credit Commitments of the Assuming Additional Commitment Lenders shall be more than 50% of the aggregate amount of the Revolving Credit Commitments in effect immediately prior to the applicable Extension Effective Date, then, effective as of such Extension the Effective Date, the scheduled Termination Maturity Date of each Extending Lender and of each Assuming Additional Commitment Lender shall be extended to the date falling one year after the scheduled Termination Existing Maturity Date in effect for such Lenders (except that, if such date is not a Business Day, such Termination Maturity Date as so extended shall be the next preceding Business Day) and each Assuming Additional Commitment Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 8 contracts

Sources: Credit Agreement (Envista Holdings Corp), Credit Agreement (Envista Holdings Corp), Credit Agreement (Vontier Corp)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Revolving Credit Lenders that have agreed so to extend their scheduled Termination Date and the additional Revolving Credit Commitments of the Assuming Lenders shall be more than 50% of the aggregate amount of the Revolving Credit Commitments in effect immediately prior to the applicable Extension Anniversary Date, then, effective as of such Extension Anniversary Date, the scheduled Termination Date of each Extending Lender and of each Assuming Lender shall be extended to the date falling one year after the scheduled existing Termination Date in effect for such Lenders (except that, if such date is not a Business Day, such Termination Date as so extended shall be the next preceding Business Day) and each Assuming Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 7 contracts

Sources: Credit Agreement (Hexcel Corp /De/), Credit Agreement (Hexcel Corp /De/), Credit Agreement (Dollar Tree, Inc.)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Revolving Credit Lenders that have agreed so to extend their scheduled Termination Date and the additional Revolving Credit Commitments of the Assuming Additional Commitment Lenders shall be more than 50% of the aggregate amount of the Revolving Credit Commitments in effect immediately prior to the applicable Extension Date, then, effective as of such the Extension Date, the scheduled Termination Date of each Extending Lender and of each Assuming Additional Commitment Lender shall be extended to the date falling one year after the scheduled existing Termination Date in effect for such Lenders (except that, if such date is not a Business Day, such Termination Date as so extended shall be the next preceding Business Day) and each Assuming Additional Commitment Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 5 contracts

Sources: Credit Agreement (International Flavors & Fragrances Inc), Credit Agreement (International Flavors & Fragrances Inc), Credit Agreement (International Flavors & Fragrances Inc)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Revolving Credit Lenders that have agreed so to extend their scheduled Termination Maturity Date (each, an “Extending Lender”) and the additional Commitments of the Assuming Additional Commitment Lenders shall be more than 50% of the aggregate amount of the Revolving Credit Aggregate Commitments in effect immediately prior to the applicable Extension Effective Date, then, effective as of such the Extension Effective Date, the scheduled Termination Maturity Date of each Extending Lender and of each Assuming Additional Commitment Lender shall be extended to the date falling one year after set forth in the scheduled Termination Date in effect for such notice to the Lenders under clause (a) above (except that, if such date is not a Business Day, such Termination Maturity Date as so extended shall be the next preceding Business Day) and each Assuming Additional Commitment Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 5 contracts

Sources: Credit Agreement (Qualcomm Inc/De), Credit Agreement (Qualcomm Inc/De), Credit Agreement (Qualcomm Inc/De)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Revolving Credit Lenders that have agreed so to extend their scheduled Termination Date and the additional Revolving Credit Commitments of the Assuming Lenders shall be more than 50% of the aggregate amount of the Revolving Credit Commitments in effect immediately prior to the applicable Extension Anniversary Date, then, effective as of such Extension Anniversary Date, the scheduled Termination Date of each Extending Lender and of each Assuming Lender shall be extended to the date falling one year after the scheduled existing Termination Date in effect for such Lenders (except that, if such date is not a Business Day, such Termination Date as so extended shall be the next preceding Business Day) and each Assuming Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 4 contracts

Sources: Credit Agreement (Dollar General Corp), Credit Agreement (Dollar General Corp), Credit Agreement (Dollar General Corp)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Revolving Credit Appropriate Lenders that have agreed so to extend their scheduled Termination Date and the additional Revolving Credit Commitments of the Assuming Lenders shall be more than 50% of the aggregate amount of the Revolving Credit Commitments in respect of the applicable Facility in effect immediately prior to the applicable Extension Anniversary Date, then, effective as of such Extension Anniversary Date, the scheduled Termination Date of each Extending extending Appropriate Lender and of each Assuming Lender shall be extended to the date falling one year after the scheduled Termination Date in effect for such Appropriate Lenders (except that, if such date is not a Business Day, such Termination Date as so extended shall be the next preceding Business Day) and each Assuming Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 4 contracts

Sources: Receivables Funding and Administration Agreement (Td Synnex Corp), Credit Agreement (Td Synnex Corp), Credit Agreement (Td Synnex Corp)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments Commitment of the Revolving Credit Lenders that have agreed so to extend their scheduled Termination Date and the additional Commitments Revolving Credit Commitment of the Assuming Lenders shall be more than 50% of the aggregate amount of the Revolving Credit Commitments Commitment in effect immediately prior to the applicable Extension Anniversary Date, then, effective as of such Extension Anniversary Date, the scheduled Termination Date of each Extending Lender and of each Assuming Lender shall be extended to the date falling one year after the scheduled Termination Date in effect for such Lenders (except that, if such date is not a Business Day, such Termination Date as so extended shall be the next preceding Business Day) and each Assuming Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 4 contracts

Sources: Credit Agreement (Omnicom Group Inc.), Five Year Credit Agreement (Omnicom Group Inc.), Credit Agreement (Omnicom Group Inc.)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Revolving Credit Lenders that have agreed so to extend their scheduled Termination Date and the additional Commitments of the Assuming Lenders shall be more than 50% of the aggregate amount of the Revolving Credit Commitments in effect immediately prior to the applicable Extension Anniversary Date, then, effective as of such Extension Anniversary Date, the scheduled Termination Date of each Extending Lender and of each Assuming Lender shall be extended to the date falling one year after the scheduled Termination Date in effect for such Lenders (except that, if such date is not a Business Day, such Termination Date as so extended shall be the next preceding Business Day) and each Assuming Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 3 contracts

Sources: Credit Agreement (Celgene Corp /De/), Credit Agreement (Celgene Corp /De/), Credit Agreement (Emc Corp)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Revolving Credit Lenders that have agreed so to extend their scheduled Termination Date and the additional Commitments of the Assuming Lenders shall be more than 50% of the aggregate amount of the Revolving Credit Commitments in effect immediately prior to the applicable Extension Anniversary Date, then, effective as of such Extension Anniversary Date, the scheduled Termination Date of each Lender (other than a Non-Extending Lender Lender) and of each Assuming Lender shall be extended to the date falling one year after the scheduled Termination Date in effect for such Lenders (except that, if such date is not a Business Day, such Termination Date as so extended shall be the next preceding Business Day) and each Assuming Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 3 contracts

Sources: Credit Agreement (Interpublic Group of Companies, Inc.), Credit Agreement (Interpublic Group of Companies, Inc.), Credit Agreement (Interpublic Group of Companies, Inc.)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Revolving Credit Lenders that have agreed so to extend their scheduled Termination Date and the additional Commitments of the Assuming Additional Commitment Lenders shall be more than 50% of the aggregate amount of the Revolving Credit Commitments in effect immediately prior to the applicable Extension Date, then, effective as of such the Extension Date, the scheduled Termination Date of each Extending Lender and of each Assuming Additional Commitment Lender shall be extended to the date falling one year after the scheduled existing Termination Date in effect for such Lenders (except that, if such date is not a Business Day, such Termination Date as so extended shall be the next preceding Business Day) and each Assuming Additional Commitment Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 3 contracts

Sources: Credit Agreement (International Flavors & Fragrances Inc), Credit Agreement (International Flavors & Fragrances Inc), Credit Agreement (International Flavors & Fragrances Inc)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Revolving Credit Lenders that have agreed so to extend their scheduled Termination Date and the additional Revolving Commitments of the Assuming Lenders shall be more than 50% of the aggregate amount of the Revolving Credit Commitments in effect immediately prior to the applicable Extension Anniversary Date, then, effective as of such Extension Anniversary Date, the scheduled Termination Date of each Extending Lender and of each Assuming Lender shall be extended to the date falling one year after the scheduled Termination Date in effect for such Lenders (except that, if such date is not a Business Day, such Termination Date as so extended shall be the next preceding Business Day) and each Assuming Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 3 contracts

Sources: Five Year Credit Agreement (ManpowerGroup Inc.), Five Year Credit Agreement (ManpowerGroup Inc.), Five Year Credit Agreement (ManpowerGroup Inc.)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Revolving Credit Lenders that have agreed so to extend their scheduled Termination Date and the additional Commitments of the Assuming Lenders shall be more than 50% of the aggregate amount of the Revolving Credit Commitments in effect immediately prior to the applicable Extension Anniversary Date, then, effective as of such Extension Anniversary Date, the scheduled Termination Date of each Extending Lender and of each Assuming Lender shall be extended to the date falling one year after the scheduled Termination Date in effect for such Lenders (except that, if such date is not a Business Day, such Termination Date as so extended shall be the next preceding Business Day) and each Assuming Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 2 contracts

Sources: Credit Agreement (Interpublic Group of Companies, Inc.), Credit Agreement (Interpublic Group of Companies, Inc.)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Revolving Credit Lenders that have agreed so to extend their scheduled Termination Date (each, an “Extending Lender”) and the additional Commitments of the Assuming Additional Commitment Lenders shall be more than 5080% of the aggregate amount of the Revolving Credit Commitments Aggregate Commitment in effect immediately prior to the applicable Extension DateAnniversary Date in such Loan Year, then, effective as of the Anniversary Date in such Extension DateLoan Year, the scheduled Termination Date of each Extending Lender and of each Assuming Additional Commitment Lender shall be extended to the date falling one year after the scheduled existing Termination Date in effect for such Lenders (except that, if such date is not a Business Day, such Termination Date as so extended shall be the next preceding Business Day) and each Assuming Additional Commitment Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 2 contracts

Sources: Loan Agreement (Lithia Motors Inc), Loan Agreement (Lithia Motors Inc)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Revolving Credit Lenders that have agreed so to extend their scheduled Termination Date and the additional Commitments of the Assuming Lenders shall be more than 50% of the aggregate amount of the Revolving Credit Commitments in effect immediately prior to the applicable Extension Date, then, effective as of such Extension Date, the scheduled Termination Date of each Extending Lender and of each Assuming Lender shall be extended to the date falling one year after the scheduled Termination Date in effect for such Lenders (except that, if such date is not a Business Day, such Termination Date as so extended shall be the next preceding Business Day) and each Assuming Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 2 contracts

Sources: Credit Agreement (SAIC Gemini, Inc.), Credit Agreement (Science Applications International Corp)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Revolving Credit Appropriate Lenders that have agreed so to extend their scheduled Termination Date and the additional Revolving Credit Commitments of the Assuming Lenders shall be more than 50% of the aggregate amount of the Revolving Credit Commitments in respect of the applicable Facility in effect immediately prior to the applicable Extension Anniversary Date, then, effective as of such Extension Anniversary Date, the scheduled Termination Date of each Extending extending Appropriate Lender and of each Assuming Lender shall be extended to the date falling one year after the scheduled Termination Date in effect for such Appropriate Lenders (except that, if such date is not a Business Day, such Termination Date as so extended shall be the next preceding Business Day) and each Assuming Lender shall thereupon become a “Revolving Credit Tranche A Lender” or “Tranche B Lender”, as applicable, for all purposes of this Agreement.

Appears in 2 contracts

Sources: Credit Agreement (Jabil Inc), Credit Agreement (Jabil Inc)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Revolving Credit Lenders that have agreed so to extend their scheduled Termination Date and the additional Commitments of the Assuming Lenders shall be more than 50% of the aggregate amount of the Revolving Credit Commitments in effect immediately prior to the applicable Extension Anniversary Date, then, effective as of such Extension the Anniversary Date, the scheduled Termination Date of each Extending Lender and of each Assuming Lender shall be extended to the date falling one year after the scheduled Termination Date then in effect for such Lenders (except that, if such date is not a Business Day, such Termination Date as so extended shall be the next preceding Business Day) and each Assuming Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 1 contract

Sources: Credit Agreement (Everest Re Group LTD)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Revolving Credit Lenders that have agreed so to extend their scheduled Termination Date (each, an “Extending Lender”) and the additional Commitments of the Assuming Lenders shall be more than 50% of the aggregate amount of the Revolving Credit Commitments in effect immediately prior to the applicable Extension Date, then, effective as of such Extension Date, the scheduled Termination Date of each Extending Lender and of each Assuming Lender shall be extended to the date falling one year after the scheduled Termination Date in effect for such Lenders (except that, if such date is not a Business Day, such Termination Date as so extended shall be the next preceding Business Day) and each Assuming Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 1 contract

Sources: Eighth Amendment to Existing Credit Agreement (Science Applications International Corp)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Revolving Credit Lenders that have agreed so to extend their scheduled Termination Date and the additional Revolving Credit Commitments of the Assuming Lenders shall be more than 50% of the aggregate amount of the Revolving Credit Commitments in effect immediately prior to the applicable Extension Anniversary Date, then, effective as of such Extension Anniversary Date, the scheduled Termination Date of each Extending extending Revolving Credit Lender and of each Assuming Lender shall be extended to the date falling one year after the scheduled Termination Date in effect for such Revolving Credit Lenders (except that, if such date is not a Business Day, such Termination Date as so extended shall be the next preceding Business Day) and each Assuming Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 1 contract

Sources: Five Year Credit Agreement (Jabil Circuit Inc)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Revolving Credit Lenders that have agreed so to extend their scheduled Termination Date and the additional Revolving Credit Commitments of the Assuming Lenders shall be more than 50% of the aggregate amount of the Revolving Credit Commitments in respect of the applicable Facility in effect immediately prior to the applicable Extension Date, then, effective as of such the Extension Date, the scheduled Termination Date of each Extending extending Lender and of each Assuming Lender shall be extended to the date falling one year after the scheduled Termination Date in effect for such Lenders (except that, if such date is not a Business Day, such Termination Date as so extended shall be the next preceding Business Day) and each Assuming Lender shall thereupon become a “Revolving Credit Lender” ”, as applicable, for all purposes of this Agreement.

Appears in 1 contract

Sources: Credit Agreement (Jabil Inc)