Common use of Minimum Extension Requirement Clause in Contracts

Minimum Extension Requirement. If (and only if) the total of the Commitments of the Lenders that have agreed to extend their Maturity Date and the new or increased Commitments of any Additional Commitment Lenders is more than 50% of the aggregate amount of the Commitments in effect immediately prior to the applicable Extension Date, then, effective as of the applicable Extension Date, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date that is one year after the Existing Maturity Date (except that, if such date is not a Business Day, such Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Lender” for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Lender hereunder and shall have the obligations of a Lender hereunder.

Appears in 14 contracts

Sources: Credit Agreement (Revvity, Inc.), Credit Agreement (Revvity, Inc.), Credit Agreement (Perkinelmer Inc)

Minimum Extension Requirement. If (and only if) the total of the Commitments of the Lenders that have agreed so to extend their Maturity Date (each, an “Extending Lender”) and the new or increased additional Commitments of any the Additional Commitment Lenders is shall be more than 50% of the aggregate amount of the Commitments in effect immediately prior to the applicable Extension Date, then, effective as of the applicable such Extension Date, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date that is one year falling 365 days after the Existing Maturity Date (except that, if such date is not a Business Day, such Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Lender” for all purposes of this Agreement and Agreement; provided, however, that there shall be bound by no change in the provisions Maturity Date of this Agreement as a Lender hereunder and shall have the obligations of a Lender hereunderany Non-Extending Lender.

Appears in 7 contracts

Sources: Credit Agreement (Thermo Fisher Scientific Inc.), Credit Agreement (Thermo Fisher Scientific Inc.), Credit Agreement (Thermo Fisher Scientific Inc.)

Minimum Extension Requirement. If (and only if) the total of the Commitments of the Lenders that have agreed to extend their Maturity Date and the new or increased Commitments of any Additional Commitment Lenders is more than 50% of the aggregate amount of the Commitments in effect immediately prior to the applicable Extension Date, then, effective as of the applicable Extension Date, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date that is one year after the Existing Extended Maturity Date (except that, if such date is not a Business Day, such Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Lender” for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Lender hereunder and shall have the obligations of a Lender hereunder.

Appears in 5 contracts

Sources: Credit Agreement (Fiserv Inc), Credit Agreement (Fiserv Inc), Credit Agreement (PENTAIR PLC)

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

Appears in 4 contracts

Sources: Credit Agreement (Albemarle Corp), Credit Agreement (Albemarle Corp), Credit Agreement (Albemarle Corp)

Minimum Extension Requirement. If (and only if) the total of the Commitments of the Lenders (other than any Defaulting Lenders) that have agreed to extend their Maturity Termination Date and the new or increased Commitments of any Additional Commitment Lenders is more than 50% of the aggregate amount of the Commitments in effect immediately prior to the applicable Extension Date, then, effective as of the applicable Extension Date, the Maturity Termination Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date that is one year after the Existing Maturity Extended Termination Date (except that, if such date is not a Business Day, such Maturity Termination Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Lender” for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Lender hereunder and shall have the obligations of a Lender hereunder.

Appears in 3 contracts

Sources: Credit Agreement (Harley Davidson Inc), 5 Year Credit Agreement, Credit Agreement (Harley Davidson Inc)

Minimum Extension Requirement. If (and only if) the total of the Commitments aggregate Loan Exposure of the Lenders that have agreed to extend their Applicable Maturity Date and the new or increased Commitments newly assumed outstanding Loans of any Additional Commitment Lenders is more than 50% of the aggregate amount of the Commitments aggregate Loan Exposure in effect immediately prior to the applicable Extension Date, then, effective as of the applicable Extension Date, the Applicable Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date that is one year after the Existing Extended Maturity Date (except that, if such date is not a Business Day, such Extended Maturity Date as so extended shall be the next preceding Business Day) ), and each Additional Commitment Lender shall thereupon become a “Lender” for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Lender hereunder and shall have the obligations of a Lender hereunder.

Appears in 3 contracts

Sources: Term Loan Agreement (Cooper Companies, Inc.), Term Loan Agreement (Cooper Companies, Inc.), Term Loan Agreement (Cooper Companies, Inc.)

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

Appears in 3 contracts

Sources: Credit Agreement (Brady Corp), Credit Agreement (Brady Corp), Credit Agreement (Brady Corp)

Minimum Extension Requirement. If (and only if) the total of the Commitments of the Lenders that have agreed so to extend their Maturity Commitment Termination Date and the new or increased additional Commitments of any the Additional Commitment Lenders is shall be more than 50% of the aggregate amount of the Commitments in effect immediately prior to the applicable Extension Datedate on which such extension becomes effective, then, effective as of the applicable Extension Datesuch date, the Maturity Commitment Termination Date of each Extending extending Lender and of each Additional Commitment Lender shall be extended to the date that is one year after the Existing Maturity Extended Commitment Termination Date (except that, if such date is not a Business Day, such Maturity Extended Commitment Termination Date as so extended shall be the next immediately preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Lender” for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Lender hereunder and shall have the obligations of a Lender hereunderAgreement.

Appears in 2 contracts

Sources: Credit Agreement (Brunswick Corp), Credit Agreement (Brunswick Corp)

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

Appears in 2 contracts

Sources: Credit Agreement (Newell Rubbermaid Inc), Credit Agreement (Newell Rubbermaid Inc)

Minimum Extension Requirement. If (and only if) the total of the Commitments of the Lenders that have agreed to extend their Maturity Termination Date and the new or increased additional Commitments of any the Additional Commitment Lenders is shall be more than 5080% of the aggregate amount of the Commitments in effect immediately prior to the applicable Extension Existing Termination Date, then, effective as of the applicable Extension Existing Termination Date, the Maturity Termination Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date that is one year falling 180 days after the Existing Maturity Termination Date (except that, if such date is not a Business Day, such Maturity Commitment Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “"Lender” " for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Lender hereunder and shall have the obligations of a Lender hereunderAgreement.

Appears in 2 contracts

Sources: Credit Agreement (Northern Illinois Gas Co /Il/ /New/), Credit Agreement (Nicor Inc)

Minimum Extension Requirement. If (and only if) the total of the Commitments of the Lenders that have agreed so to extend the term of their commitments beyond the Scheduled Maturity Date (each, an “Extending Lender”) and the new or increased additional Commitments of any the Additional Commitment Lenders is shall be more than 50% of the aggregate amount of the Commitments in effect immediately prior to the applicable Extension Scheduled Maturity Date, then, effective as of the applicable Extension Scheduled Maturity Date, the Maturity Date term of the Commitment of each Extending Lender and of each Additional Commitment Lender shall be extended to the applicable date that is one year requested by the Company after the Existing Scheduled Maturity Date (except that, if such date is not a Business Day, such Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Lender” for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Lender hereunder and shall have the obligations of a Lender hereunderAgreement.

Appears in 2 contracts

Sources: Credit Agreement (Aecom Technology Corp), Credit Agreement (Aecom Technology Corp)

Minimum Extension Requirement. If (and only if) the total of the Commitments of the Lenders that have agreed to extend their Maturity Termination Date and the new or increased additional Commitments of any the Additional Commitment Lenders is shall be more than 5080% of the aggregate amount of the Commitments in effect immediately prior to the applicable Extension Existing Termination Date, then, effective as of the applicable Extension Existing Termination Date, the Maturity Termination Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date that is falling one year after the Existing Maturity Termination Date (except that, if such date is not a Business Day, such Maturity Commitment Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “"Lender” " for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Lender hereunder and shall have the obligations of a Lender hereunderAgreement.

Appears in 2 contracts

Sources: Credit Agreement (Northern Illinois Gas Co /Il/ /New/), Credit Agreement (Nicor Inc)

Minimum Extension Requirement. If (and only if) the total of the applicable Commitments of the Lenders that have agreed to extend their Applicable Maturity Date and the new or increased Commitments of any Additional Commitment Lenders is more than at least fifty percent (50% %) of the aggregate amount of the Commitments in effect immediately prior to the applicable Extension Date, then, effective as of the applicable Extension Date, the Applicable Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date that is one year after the Existing Extended Maturity Date (except that, if such date is not a Business Day, such Extended Maturity Date as so extended shall be the next preceding Business Day) ), and each Additional Commitment Lender shall thereupon become a “Lender” for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Lender hereunder and shall have the obligations of a Lender hereunder.

Appears in 2 contracts

Sources: Revolving Credit Agreement (Millicom International Cellular Sa), Revolving Credit Agreement (Millicom International Cellular Sa)

Minimum Extension Requirement. If (and only if) the total of the Commitments of the Lenders that have agreed so to extend their Maturity Date and the new or increased additional Commitments of any the Additional Commitment Lenders is shall be more than 50% of the aggregate amount of the Commitments in effect immediately prior to on the applicable Extension Notice Date, then, effective as of the applicable Extension Business Day occurring 12 months prior to the Existing Maturity Date, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date that is falling one year after the Existing Maturity Date (except that, if such date is not a Business Day, such Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Lender” for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Lender hereunder and shall have the obligations of a Lender hereunderAgreement.

Appears in 1 contract

Sources: Credit Agreement (Continental Resources Inc)

Minimum Extension Requirement. If (and only if) the total of the Commitments of the Lenders that have agreed so to extend their Maturity Date and the new or increased additional Commitments of any the Additional Commitment Lenders is shall be more than 50% sixty percent (60%) of the aggregate amount of the Commitments in effect immediately prior to the applicable Extension Existing Maturity Date, then, effective as of the applicable Extension Existing Maturity Date, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date that is one year falling two (2) years after the Existing Maturity Date (except that, if such date is not a Business Day, such Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Lender” for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Lender hereunder and shall have the obligations of a Lender hereunderAgreement.

Appears in 1 contract

Sources: Credit Agreement (Hni Corp)

Minimum Extension Requirement. If (and only if) the total of the Commitments of the Lenders that have agreed so to extend their Term Loan Maturity Date and the new or increased Commitments of any Additional Commitment Lenders is shall be more than 50% of the aggregate amount of the Commitments in effect immediately prior to the applicable Extension Relevant Anniversary Date, then, effective as of the applicable Extension Relevant Anniversary Date, the Term Loan Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date that is falling one year after the Existing Maturity Date (except that, if such date is not a Business Day, such Term Loan Maturity Date as so extended shall be the next immediately preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Lender” for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Lender hereunder and shall have the obligations of a Lender hereunderAgreement.

Appears in 1 contract

Sources: Credit Agreement (Macquarie Infrastructure Corp)

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

Appears in 1 contract

Sources: Credit Agreement (International Game Technology)

Minimum Extension Requirement. If (and only if) the total of the Commitments of the Lenders that have agreed so to extend their Stated Maturity Date and (without regard to the new or increased Commitments Commitment of any Additional Commitment Lenders is Lender) shall be more than 5051% of the aggregate amount of the Commitments in effect immediately prior to the applicable Extension Date, then, effective as of the applicable Extension Date, the Stated Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date that is one year after the Existing Maturity Date (except that, if such date is not a Business Day, such Stated Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Lender” for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Lender hereunder and shall have the obligations of a Lender hereunderAgreement.

Appears in 1 contract

Sources: Credit Agreement (Sunoco Logistics Partners Lp)

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

Appears in 1 contract

Sources: Credit Agreement (Thomas & Betts Corp)

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

Appears in 1 contract

Sources: Credit Agreement (Adobe Inc.)

Minimum Extension Requirement. If (and only if) the total of the Commitments of the Lenders that have agreed so to extend their Maturity Date (each, an “ Extending Lender ”) and the new or increased additional Commitments of any the Additional Commitment Lenders is shall be more than 50% of the aggregate amount of the Commitments in effect immediately prior to the applicable Extension Date, then, effective as of the applicable such Extension Date, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date that is falling one year after the Existing Maturity Date (except that, if such date is not a Business Day, such Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Lender“ Lender ” for all purposes of this Agreement and Agreement; provided , however , that there shall be bound by no change in the provisions Maturity Date of this Agreement as a Lender hereunder and shall have the obligations of a Lender hereunderany Non-Extending Lender.

Appears in 1 contract

Sources: Credit Agreement (Dycom Industries Inc)

Minimum Extension Requirement. If (and only if) the total of the Commitments of the Lenders that have agreed to extend their Maturity Date and the new or increased Commitments of any Additional Commitment Lenders is more than 50% of the aggregate amount of the Commitments in effect immediately prior to the applicable Extension Date, then, effective as of the applicable Extension Date, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date that is one year after the Existing Extended Maturity Date (except that, if such date is not a Business Day, such Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender #9168213v14 75 shall thereupon become a “Lender” for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Lender hereunder and shall have the obligations of a Lender hereunder.

Appears in 1 contract

Sources: Credit Agreement (Fiserv Inc)

Minimum Extension Requirement. If (and only if) the total of the applicable Commitments of the Lenders that have agreed to extend their Applicable Maturity Date and the new or increased Commitments of any Additional Commitment Lenders is more than at least fifty percent (50% %) of the aggregate amount of the Commitments in effect immediately prior to the applicable Extension Date, then, effective as of the applicable Extension Date, the Applicable Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date that is one year after the Existing Extended Maturity Date (except that, if such date is not a Business Day, such Extended Maturity Date as so extended shall be the next preceding Business Day) ), and each Additional Commitment Lender shall thereupon become a “"Lender” " for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Lender hereunder and shall have the obligations of a Lender hereunder.

Appears in 1 contract

Sources: Revolving Credit Agreement (Millicom International Cellular Sa)

Minimum Extension Requirement. If (and only if) the total of the Commitments of the Lenders that have agreed so to extend their Maturity Date and the new or increased additional Commitments of any the Additional Commitment Lenders is more than 50% of shall constitute the aggregate amount of Required Lenders, then Agent shall notify Borrower and the Commitments in effect immediately prior to the applicable Extension Date, then, effective as of the applicable Extension Date, Lenders that the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be is extended to the date that is one year after the Existing Requested Maturity Date (except that, if such date is not a Business Day, such Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “"Lender” " for all purposes of this Agreement and Agreement. The date of each such notice from Agent shall be bound by constitute the provisions effective date of this Agreement as a each such change in the Maturity Date (the "Extension Effective Date"). Agent shall note the Maturity Date of each Lender hereunder and shall have on the obligations of a Lender hereunderRecord.

Appears in 1 contract

Sources: Revolving Credit Construction Loan Agreement (Wci Communities Inc)

Minimum Extension Requirement. If (and only if) the total of the Commitments of the Lenders that have agreed so to extend their Maturity Date (each, an “Extending Lender”) and the new or increased additional Commitments of any the Additional Commitment Lenders is shall be more than 50% of the aggregate amount of the Commitments in effect immediately prior to the applicable Extension Date, then, effective as of the applicable such Extension Date, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date that is falling one year after the Existing Maturity Date (except that, if such date is not a Business Day, such Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Lender” for all purposes of this Agreement and Agreement; provided, however, that there shall be bound by no change in the provisions Maturity Date of this Agreement as a Lender hereunder and shall have the obligations of a Lender hereunderany Non-Extending Lender.

Appears in 1 contract

Sources: Credit Agreement (Dycom Industries Inc)

Minimum Extension Requirement. If (and only if) the total of the Commitments of the Lenders that have agreed so to extend their Maturity Date and the new or increased additional Commitments of any the Additional Commitment Lenders is shall be more than 50% of the aggregate amount of the Commitments in effect immediately prior to the applicable Extension Date, then, effective as of the applicable Extension Date, the Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date that is falling one (1) year after the Existing Maturity Date (except that, if such date is not a Business Day, such Maturity Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Lender” for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Lender hereunder and shall have the obligations of a Lender hereunderAgreement.

Appears in 1 contract

Sources: Fourth Amended and Restated Credit Agreement (Hni Corp)