Common use of Minimum Extension Requirement Clause in Contracts

Minimum Extension Requirement. If (and only if) the total of the Commitments in respect of the Revolving Facility Sublimit of the Lenders that have agreed to extend their Maturity Date and the additional Commitments of the Additional Commitment Lenders is more than 50% of the aggregate amount of the Revolving Facility Sublimit 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 4 contracts

Sources: Revolving Loan and Letter of Credit Facility Agreement (Fluor Corp), Revolving Loan and Letter of Credit Facility Agreement (Fluor Corp), Revolving Loan and Letter of Credit Facility Agreement (Fluor Corp)

Minimum Extension Requirement. If (and only if) the total of the Commitments in respect of the Revolving Facility Sublimit of the Lenders that have agreed so to extend their Maturity Facility Termination Date (each, an “Extending Lender”) and the additional Commitments of the Additional Commitment Lenders is shall be more than 50% twenty five percent (25%) of the aggregate amount of the Revolving Facility Sublimit Commitments in effect immediately prior to the applicable Extension Existing Facility Termination Date, then, effective as of the applicable Extension Existing Facility Termination Date, the Maturity Facility Termination Facility 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 Facility Termination Date (except that, if such date is not a Business Day, such Maturity Facility Termination Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender shall thereupon become a “U.S. Lender” or “Canadian Lender”, as applicable, 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 (Clean Harbors Inc), Credit Agreement (Clean Harbors Inc), Credit Agreement (Clean Harbors Inc)

Minimum Extension Requirement. If (and only if) the total of the Commitments in respect of the Revolving Facility Sublimit of the Lenders that have agreed to extend their Maturity Commitment Termination Date and the additional new or increased Commitments of the any Additional Commitment Lenders is more than 50% of the aggregate amount of the Revolving Facility Sublimit Commitments in effect immediately prior to the applicable Extension Date, then, effective as of the applicable Extension Date, the Maturity Commitment 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 Commitment Termination Date (except that, if such date is not a Business Day, such Maturity Commitment 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 (Hawaiian Electric Co Inc), Credit Agreement (Hawaiian Electric Co Inc), Credit Agreement (Hawaiian Electric Co Inc)

Minimum Extension Requirement. If (and only if) the total of the applicable Revolving Commitments in respect of the Revolving Facility Sublimit of the Lenders of the applicable Class that have agreed to extend their Applicable Maturity Date and the additional new or increased Revolving Commitments of the any Additional Commitment Lenders is more than 50% of the aggregate amount of the Revolving Facility Sublimit 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 of the applicable Class 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 of such Class shall thereupon become a “Revolving Lender” for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Revolving Lender hereunder and shall have the obligations of a Revolving Lender hereunder.

Appears in 2 contracts

Sources: Revolving Credit Agreement (Cooper Companies, Inc.), Revolving Credit Agreement (Cooper Companies, Inc.)

Minimum Extension Requirement. If (and only if) the total of the Commitments in respect of the Revolving Facility Sublimit of the Lenders (other than any Defaulting Lenders) that have agreed to extend their Maturity Termination Date and the additional new or increased Commitments of the any Additional Commitment Lenders is more than 50% of the aggregate amount of the Revolving Facility Sublimit 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 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 2 contracts

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

Minimum Extension Requirement. If (and only if) the total of the Commitments in respect of the Revolving Facility Sublimit of the Lenders that have agreed so to extend their Maturity Date (each, an “Extending Lender”) and the additional Commitments of the Additional Commitment Lenders is shall be more than 50% of the aggregate amount of the Revolving Facility Sublimit Commitments in effect immediately prior to the applicable Extension Applicable Anniversary Date, then, effective as of the applicable Extension Maturity Date in effect prior to giving effect to any such extension under this Section (such Maturity Date being called 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 one year after falling on the first anniversary of 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 2 contracts

Sources: Credit Agreement (Pioneer Southwest Energy Partners L.P.), Credit Agreement (Pioneer Southwest Energy Partners L.P.)

Minimum Extension Requirement. If (and only if) the total of the Commitments in respect of the Revolving Facility Sublimit of the Lenders that have agreed so to extend their Maturity Date (each, an “Extending Lender”) and the additional assigned Commitments of the Additional Commitment Lenders is shall be more than 50% of the aggregate amount of the Revolving Facility Sublimit Commitments in effect immediately prior to the applicable Extension then current Maturity Date, then, effective as of the effective date of the applicable extension agreement or amendment, in each case, in form and substance reasonably acceptable to the Lead Administrative Agent (each such date, an “Extension Effective 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 such Extension Effective 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 2 contracts

Sources: Credit Agreement (Church & Dwight Co Inc /De/), Credit Agreement (Church & Dwight Co Inc /De/)

Minimum Extension Requirement. If (and only if) the total of the Commitments in respect aggregate outstanding principal amount of the Revolving Facility Sublimit Committed Loans or Optional Loans, as applicable, of the Lenders that have agreed so to extend the maturity date of their Loans beyond the Scheduled Maturity Date (each, an “Extending Lender”) and the additional Commitments Loans of the Additional Commitment Lenders is shall be more than 50% of the aggregate amount of the Revolving Facility Sublimit Outstanding Amount in effect immediately prior to the applicable Extension Scheduled Maturity Date, then, effective as of the applicable Extension Scheduled Maturity Date, the Maturity Date maturity date of the Committed Loan or Optional Loan, as applicable, of each Extending Lender and of each Additional Commitment Lender shall be extended to the applicable date that is one year requested by the Borrower 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 in respect of the Revolving Facility Sublimit outstanding Loans of the Lenders that have agreed so to extend their the Maturity Date (each, an “Extending Lender”) and the additional Commitments of the Additional Commitment Lenders is shall be more than 50% of the aggregate amount of the Revolving Facility Sublimit in effect aggregate principal amount of the Loans outstanding 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 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. All references in this Agreement and in the other Loan Documents, if any, to the “Maturity Date” shall be bound by refer to the provisions of this Agreement Maturity Date as a Lender hereunder and shall have the obligations of a Lender hereunderso extended for such Extending Lenders.

Appears in 1 contract

Sources: Term Loan Credit Agreement (Tech Data Corp)

Minimum Extension Requirement. If (and only if) the total of the Commitments in respect of the Revolving Facility Sublimit of the Lenders that have agreed so to extend their Maturity Date (each, an “Extending Lender”) and the additional Commitments of the Additional Commitment Lenders is shall be more than 50% of the aggregate amount of the Revolving Facility Sublimit 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 (but not of any Non-Extending 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 (Avnet Inc)

Minimum Extension Requirement. If (and only if) the total Outstanding Amount of the Loans and Revolving Commitments in respect of the Revolving Facility Sublimit of the Lenders that have agreed so to extend their Maturity Date (each an “Extending Lender”) and the additional Outstanding Amount of Loans and Revolving Commitments of the Additional Commitment Lenders is shall be more than 50% (or at least 50% when there exist only two Lenders) of the aggregate amount Outstanding Amount of the Loans and Revolving Facility Sublimit in effect Commitments of all Lenders 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 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 (Hackett Group, Inc.)

Minimum Extension Requirement. If (and only if) the total of the Commitments in respect of the Revolving Facility Sublimit of the Lenders that have agreed to extend their Maturity Facility Termination Date and the additional new or increased Commitments of the any Additional Commitment Lenders is more than 50% of the aggregate amount of the Revolving Facility Sublimit Commitments in effect immediately prior to the applicable Extension Date, then, effective as of the applicable Extension DateDate (other than the Commitments of any Defaulting Lenders), the Maturity Facility 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 Facility Termination Date (except that, if such date is not a Business Day, such Maturity Facility 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 1 contract

Sources: Credit Agreement (Emerson Electric Co)

Minimum Extension Requirement. If (and only if) the total aggregate Loan Exposure of the Commitments in respect of the Revolving Facility Sublimit of the Third Amendment Extended Term Loan Lenders that have agreed to extend their Applicable Maturity Date and the additional Commitments newly assumed outstanding Loans of the any Additional Commitment Lenders is more than 50% of the aggregate amount of the Revolving Facility Sublimit 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 1 contract

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

Minimum Extension Requirement. If (and only if) the total of the Commitments in respect of the Revolving Facility Sublimit of the Lenders (including, without duplication, the Additional Commitment Lenders) that have agreed to extend their Maturity Date and the additional new or increased Commitments of the any Additional Commitment Lenders is more than 50% of the aggregate amount of the Revolving Facility Sublimit 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 1 contract

Sources: Credit Agreement (DENTSPLY SIRONA Inc.)

Minimum Extension Requirement. If Subject to clause (f) of this Section, if (and only if) the total of the Commitments in respect of the Revolving Facility Sublimit and Incremental Term Loans of the Lenders that have agreed to extend their Existing Maturity Date and the additional new or increased Commitments and assumed Incremental Term Loans of the any Additional Commitment Lenders is more than 50% of the aggregate amount of the Revolving Facility Sublimit Commitments and Incremental Term Loans (other than the Commitments and Incremental Term Loans of any Defaulting Lenders) 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 with respect to its applicable Commitment or Loans 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 1 contract

Sources: Credit Agreement (Agco Corp /De)

Minimum Extension Requirement. If (and only if) (i) the total of the Commitments in respect of the Revolving Facility Sublimit of the Lenders that have agreed so to extend their Maturity Date (each, an “Extending Lender”) and the additional Commitments of the Additional Commitment Lenders is shall be more than 50% of the aggregate amount of the Revolving Facility Sublimit Commitments in effect immediately prior as of the date the Notice of Maturity Date Extension is delivered to the applicable Extension Administrative Agent and (ii) the aggregate Commitments shall be at least equal to the Outstanding Amount of Committed Loans, Swing Line Loans and L/C Obligations on and after the Existing Maturity Date, then, effective as of the applicable Extension Date, the Maturity Date of each as to the Extending Lender Lenders and of each the Additional Commitment Lender Lenders shall be extended to the date that is one year after the Existing New 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 (Tri-State Generation & Transmission Association, Inc.)

Minimum Extension Requirement. If (and only if) the total of the applicable Revolving Commitments in respect of the Revolving Facility Sublimit of the Lenders of the applicable class that have agreed to extend their Applicable Maturity Date and the additional new or increased Revolving Commitments of the any Additional Commitment Lenders is more than 50% of the aggregate amount of the Revolving Facility Sublimit 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 of the applicable class 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 of such class shall thereupon become a “Revolving Lender” for all purposes of this Agreement and shall be bound by the provisions of this Agreement as a Revolving Lender hereunder and shall have the obligations of a Revolving Lender hereunder.

Appears in 1 contract

Sources: Credit Agreement (UL Solutions Inc.)