Common use of Non-Extension Clause in Contracts

Non-Extension. The Subject Maturity Date shall not be extended in accordance with Section 3.15(a) if Requested Lenders holding less than sixty-six and two-thirds percent (66 2/3%) of the Commitments of all Requested Lenders agree to extend the Subject Maturity Date pursuant to any Request for Extension. In such case, the Subject Maturity Date for all Requested Lenders shall not be extended.

Appears in 5 contracts

Samples: Credit Agreement (PENGROWTH ENERGY Corp), Credit Agreement (PENGROWTH ENERGY Corp), Credit Agreement (PENGROWTH ENERGY Corp)

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Non-Extension. The Subject Maturity Date shall not be extended in accordance with Section 3.15(a3.2(a) if Requested Lenders holding less more than sixtythirty-six three and two-thirds one third percent (66 2/333-1/3%) of the aggregate of the Commitments of all Requested Lenders do not agree or are deemed not to agree to extend the Subject Maturity Date pursuant to any the Request for Extension. In any such case, the Subject Maturity Date for all of each Requested Lenders Lender shall not be extended, provided, however, the Borrower shall be entitled to request further extensions of the Maturity Date as provided for in Section 3.2(a).

Appears in 1 contract

Samples: Credit Agreement (Precision Diversified Oilfield Services Corp.)

Non-Extension. The Subject applicable Maturity Date shall not be extended in accordance with Section 3.15(a3.10(a) if Requested Lenders holding less more than sixtyfifty-six and two-thirds one percent (66 2/351%) of the Revolving Commitments of all Requested Lenders at such time do not agree or are deemed not to agree to extend the Subject such Maturity Date pursuant to any Request for Extension. In any such case, the Subject Maturity Date for all Requested Lenders shall not be extended.:

Appears in 1 contract

Samples: Credit Agreement (Transcanada Corp)

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Non-Extension. The Subject Maturity Date shall not be extended in accordance with Section 3.15(a3.3(a) if Requested Lenders holding less more than sixtythirty-six three and two-thirds one third percent (66 2/333-1/3%) of the aggregate of the Commitments of all Requested Lenders do not agree or are deemed not to agree to extend the Subject Maturity Date pursuant to any the Request for Extension. In any such case, the Subject Maturity Date for all of each Requested Lenders Lender shall not be extended, provided, however, the Borrower shall be entitled to request further extensions of the Maturity Date as provided for in Section 3.3(a).

Appears in 1 contract

Samples: Credit Agreement (PRECISION DRILLING Corp)

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