Common use of Minimum Extension Requirement Clause in Contracts

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

Appears in 4 contracts

Samples: Revolving Credit Agreement (J M SMUCKER Co), Credit Agreement (J M SMUCKER Co), Revolving Credit Agreement (J M SMUCKER Co)

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

Appears in 3 contracts

Samples: Credit Agreement (Fortive Corp), Revolving Credit Agreement (Fortive Corp), Credit Agreement (Fortive Corp)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Lenders that have agreed so to so extend their Revolving Maturity Date and the additional Revolving Credit Termination Date (each, an “Extending Lender”) Commitments of the Additional Commitment Lenders shall be more than 50% of the aggregate amount of the Revolving Credit Commitments in effect immediately prior to such anniversary of the Closing Date, and the conditions in clause (vi) below are metExtension Deadline, then, effective as of such anniversary of the Closing Date (the “Extension Effective Date”)Deadline, the Revolving Credit Termination Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date falling one (1) year after the then current Existing Revolving Credit Termination Maturity Date (except that, if such date is not a Business Day, such Revolving Credit Termination Maturity Date as so extended shall be the immediately next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Lender” for all purposes of this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Owens Corning), Credit Agreement (Owens Corning)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Lenders that have agreed so to so extend their Expiration Date and the additional Revolving Credit Termination Date (each, an “Extending Lender”) Commitments of the Additional Commitment Lenders shall be more than 50% of the aggregate amount of the Revolving Credit Commitments in effect immediately prior to such anniversary of the Closing Existing Expiration Date, and the conditions in clause (vi) below are met, then, effective as of such anniversary of the Closing Date (the “Extension Effective Existing Expiration Date”), the Revolving Credit Termination Expiration Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date falling one year 364 days after the then current Revolving Credit Termination Existing Expiration Date (except that, if such date is not a Business Day, such Revolving Credit Termination Expiration Date as so extended shall be the immediately preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Lender” for all purposes of this Agreement.. (f)

Appears in 2 contracts

Samples: Credit Agreement (Chesapeake Utilities Corp), Credit Agreement (Chesapeake Utilities Corp)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments with respect to Revolving Credit Loans of the Revolving Credit Lenders that have agreed so to so extend their the Revolving Credit Termination Maturity Date (each, an “Extending Lender”) and the additional Revolving Credit Commitments with respect to Revolving Credit Loans of the Additional Commitment Lenders shall be more than 50at least 51% of the aggregate amount of the Revolving Credit Commitments in effect immediately prior to such the applicable anniversary of the Closing Date, and the conditions in clause (vi) below are met, then, effective as of such the applicable anniversary of the Closing Date (the “Extension Effective Date”), the Revolving Credit Termination Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date falling one year after the then current Revolving Credit Termination Existing Maturity Date (except that, if such date is not a Business Day, such Revolving Credit Termination Maturity Date as so extended shall be the immediately next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Lender” for all purposes of this Agreement.

Appears in 2 contracts

Samples: Credit Agreement (DCP Midstream, LP), Credit Agreement (DCP Midstream, LP)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Lenders that have agreed so to so extend their Revolving Credit Existing Scheduled Termination Date (each, an “Extending Lender”) and the additional Commitments of the Additional Commitment Lenders shall be more than 50% of equal to the aggregate amount of the Revolving Credit Commitments in effect immediately prior to such anniversary of the Closing Existing Scheduled Termination Date, and the conditions in clause (vi) below are met, then, effective as of such anniversary the Existing Scheduled Termination Date, the Scheduled Termination Date in respect of the Closing Date (the “Extension Effective Date”), the Revolving Credit Termination Date revolving credit facility of each Extending Lender and of each Additional Commitment Lender shall be extended to the date falling one year 364 days after the then current Revolving Credit Existing Scheduled Termination Date (except that, if such date is not a Business Day, such Revolving Credit Scheduled Termination Date as so extended shall be the immediately next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Lender” for all purposes of this Credit Agreement.

Appears in 2 contracts

Samples: Credit Agreement (SeaCube Container Leasing Ltd.), Credit Agreement (SeaCube Container Leasing Ltd.)

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

Appears in 2 contracts

Samples: Credit Agreement (V F Corp), Credit Agreement (V F Corp)

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Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments with respect to Revolving Credit Loans of the Revolving Lenders that have agreed so to so extend their the Revolver Maturity Date and the additional Revolving Credit Termination Date (each, an “Extending Lender”) Commitments with respect to Revolving Credit Loans of the Additional Commitment Lenders shall be more than 50at least 51% of the aggregate amount of the Revolving Credit Commitments in effect immediately prior to such the applicable anniversary of the Closing Date, and the conditions in clause (vi) below are met, then, effective as of such the applicable anniversary of the Closing Date (the “Extension Effective Date”), the Revolving Credit Termination Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date falling one year after the then current Revolving Credit Termination Existing Maturity Date (except that, if such date is not a Business Day, such Revolving Credit Termination Revolver Maturity Date as so extended shall be the immediately next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Lender” for all purposes of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (DCP Midstream Partners, LP)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments with respect to Revolving Loans of the Revolving Lenders that have agreed so to so extend their the Revolver Maturity Date and the additional Revolving Credit Termination Date (each, an “Extending Lender”) Commitments with respect to Revolving Credit Loans of the Additional Commitment Lenders shall be more than 50at least 51% of the aggregate amount of the Revolving Credit Commitments in effect immediately prior to such the applicable anniversary of the Closing Date, and the conditions in clause (vi) below are met, then, effective as of such the applicable anniversary of the Closing Date (the “Extension Effective Date”), the Revolving Credit Termination Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date falling one year after the then current Revolving Credit Termination Existing Maturity Date (except that, if such date is not a Business Day, such Revolving Credit Termination Revolver Maturity Date as so extended shall be the immediately next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Lender” for all purposes of this Agreement.

Appears in 1 contract

Samples: Credit Agreement (DCP Midstream Partners, LP)

Minimum Extension Requirement. If (and only if) the total of the Revolving Credit Commitments of the Revolving Credit Lenders that have agreed so to so extend their Revolving Maturity Date and the additional Revolving Credit Termination Date (each, an “Extending Lender”) Commitments of the Additional Commitment Lenders shall be more than 50% of the aggregate amount of the Revolving Credit Commitments in effect immediately prior to such anniversary of the Closing Date, and the conditions in clause (vi) below are metExtension Deadline, then, effective as of such anniversary of the Closing Date (the “Extension Effective Date”)Deadline, the Revolving Credit Termination Maturity Date of each Extending Lender and of each Additional Commitment Lender shall be extended to the date falling one (1) year after the then current Existing Revolving Credit Termination Maturity Date (except that, if such date is not a Business Day, such Revolving Credit Termination Maturity Date as so extended shall be the immediately next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “Revolving Credit Lender” for all purposes of this Agreement.

Appears in 1 contract

Samples: 364 Day Revolving Credit Agreement (Donaldson Co Inc)

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