Common use of Optional Extensions of Commitments Clause in Contracts

Optional Extensions of Commitments. (i) If the Borrower shall request, by notice to the Agent not less than 30 days prior to the Revolving Termination Date then in effect, that the Availability Period be extended until the date which is 364 days after such Revolving Termination Date, then the Agent shall promptly (but in no event later than 2 days after receipt) notify each Committed Lender of such request, and each Committed Lender shall notify the Borrower and the Agent not more than 15 Business Days after the date on which the Agent shall have received the Borrower’s request (which date shall be set forth in the notice of such request given by the Agent) of its election so to extend or not extend the Availability Period. Any Committed Lender which shall not timely notify the Agent of such election shall be deemed to have elected not to extend such Availability Period.

Optional Extensions of Commitments. (i) If the Borrower shall request, by notice to the Administrative Agent not less than 30 days prior to the Revolving Termination Maturity Date then in effect, that the Availability Period availability period for Revolving Loans be extended until the date which is 364 days after first anniversary of such Revolving Termination Maturity Date, then the Administrative Agent shall promptly (but in no event later than 2 days after receipt) notify each Committed Revolving Lender of such request, and each Committed Revolving Lender shall notify the Borrower and the Administrative Agent not more than 15 Business Days after the date on which the Administrative Agent shall have received the Borrower’s 's request (which date shall be set forth in the notice of such request given by the Administrative Agent) of its election so to extend (in such case, each a "Remaining Lender") or not extend the Availability Periodavailability period for Revolving Loans. Any Committed Lender which shall not timely notify the Administrative Agent of such election shall be deemed to have elected not to extend such Availability Periodavailability period.

Optional Extensions of Commitments. (i) If the Borrower shall request, by notice to the Agent not less than 30 days and not more than 60 days prior to the Revolving Termination Date then in effect, that the Availability Period be extended until the date which is 364 days after such Revolving Termination Date, then the Agent shall promptly (but in no event later than 2 days after receipt) receipt notify each Committed Lender of such request, and each Committed Lender shall notify the Borrower and the Agent not more than 15 Business Days after the date on which the Agent shall have received the Borrower’s 's request (which date shall be set forth in the notice of such request given by the Agent) of its election so to extend or not extend the Availability Period. Any Committed Lender which shall not timely notify the Agent of such election shall be deemed to have elected not to extend such Availability Period.

Optional Extensions of Commitments. (i) If the Borrower shall request, by notice to the Administrative Agent not less than 30 days prior to the Revolving Termination Maturity Date then in effect, that the Availability Period availability period for Revolving Loans be extended until the date which is 364 days after first anniversary of such Revolving Termination Maturity Date, then the Administrative Agent shall promptly (but in no event later than 2 days after receipt) notify each Committed Revolving Lender of such request, and each Committed Revolving Lender shall notify the Borrower and the Administrative Agent not more than 15 Business Days after the date on which the Administrative Agent shall have received the Borrower’s request (which date shall be set forth in the notice of such request given by the Administrative Agent) of its election so to extend (in such case, each a “Remaining Lender”) or not extend the Availability Periodavailability period for Revolving Loans. Any Committed Lender which shall not timely notify the Administrative Agent of such election shall be deemed to have elected not to extend such Availability Periodavailability period.

Optional Extensions of Commitments. (i) If the Borrower shall request, by notice to the Agent not less than 30 days prior to the Revolving Termination Date then in effect, that the Availability Period be extended until the date which is 364 days after such Revolving Termination Date, then the Agent shall promptly (but in no event later than 2 days after receipt) notify each Committed Lender of such request, and each Committed Lender shall notify the Borrower and the Agent not more than 15 Business Days after the date on which the Agent shall have received the Borrower’s request (which date shall be set forth in the notice of such request given by the Agent) of its election so to extend or not extend the Availability Period. Any Committed Lender which shall not timely notify the Agent of such election shall be deemed to have elected not to extend such Availability Period.. Amended and Restated Warehouse Loan Agreement

Optional Extensions of Commitments. (i) If the Borrower shall request, by notice to the Agent not less than 30 thirty (30) days prior to the Revolving Termination Date then in effect, that the Availability Period be extended until the date which is 364 days after such Revolving Termination Date, then the Agent shall promptly (but in no event later than 2 two (2) days after receipt) notify each Committed Lender of such request, and each Committed Lender shall notify the Borrower and the Agent not more than 15 fifteen (15) Business Days after the date on which the Agent shall have received the Borrower’s request (which date shall be set forth in the notice of such request given by the Agent) of its election so to extend or not extend the Availability Period. Any Committed Lender which shall not timely notify the Agent of such election shall be deemed to have elected not to extend such Availability Period.

Optional Extensions of Commitments. (i) If the Borrower shall request, by notice to the Agent not less than 30 days prior to the Revolving Termination Date then in effect, that the Availability Period be extended until the date which is 364 days after such Revolving Termination Date, then the Agent shall promptly (but in no event later than 2 days after receipt) notify each Committed Lender of such request, and each Committed Lender shall notify the Borrower and the Agent not more than 15 Business Days after the date on which the Agent shall have received the Borrower’s 's request (which date shall be set forth in the notice of such request given by the Agent) of its election so to extend or not extend the Availability Period. Any Committed Lender which shall not timely notify the Agent of such election shall be deemed to have elected not to extend such Availability Period.