Common use of Request for an Extension Clause in Contracts

Request for an Extension. The Borrower may, by written notice to the Administrative Agent (who shall promptly, but in any event within three Business Days after receipt thereof, deliver a copy of such written notice to each of the Lenders) not earlier than 60 days and not later than 45 days prior to any anniversary of the Closing Date following the first anniversary of the Closing Date, request that, effective as of such anniversary of the Closing Date (the “Extension Date”), each Lender agree to an extension of the Maturity Date then in effect hereunder (the “Existing Maturity Date”) for an additional 364 days from the Existing Maturity Date (the “New Maturity Date”); provided that the Borrower may not extend the Maturity Date pursuant to this Section 2.17 more than two times.