Request for Extension. The Borrower may by written notice to the Administrative Agent (who shall promptly notify the Lenders) given not more than sixty (60) days and not less than forty-five (45) days prior to any anniversary of the Closing Date, request that each Lender extend the Facility Termination Date for an additional one (1) year from the then existing Facility Termination Date; provided, that the Borrower shall only be permitted to exercise this extension option two (2) times during the term of the Agreement.
Appears in 4 contracts
Samples: Credit Agreement (Great Plains Energy Inc), Credit Agreement (Great Plains Energy Inc), Credit Agreement (Kansas City Power & Light Co)
Request for Extension. The Borrower may by written notice to the Administrative Agent (who shall promptly notify the Lenders) given not more than sixty (60) 60 days and not less than forty-five (45) 45 days prior to any anniversary of the Closing Date, request that each Lender extend the Facility Termination Date for an additional one (1) year from the then existing Facility Termination Date; provided, that the Borrower shall only be permitted to exercise this extension option two (2) times during the term of the Agreement.
Appears in 3 contracts
Samples: Credit Agreement (Great Plains Energy Inc), Credit Agreement (Great Plains Energy Inc), Credit Agreement (Great Plains Energy Inc)
Request for Extension. The Borrower may Borrowers may, by written notice to the Administrative Agent (who shall promptly notify the Lenders) given not more earlier than sixty (60) 60 days and not less later than forty-five (45) 30 days prior to any anniversary of the Closing Date, request that each Lender extend the Facility Termination Date such Lender’s Commitment for an additional one (1) year 364 days from the Expiration Date then existing Facility Termination in effect hereunder (the “Existing Expiration Date; provided, that ”). The number of such requests which may be made by the Borrower Borrowers and agreed to by the Lenders shall only be permitted limited to exercise this extension option two (2) times during the term of the Agreementsuch extensions.
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Request for Extension. The Borrower may may, by written notice to the Administrative Agent (who shall promptly notify the Lenders) given not more than sixty (60) days and of not less than forty-five (45) 30 days nor more than 90 days prior to any anniversary of the Closing Commitment Termination Date and the Maturity Date, request that each Lender extend the Facility Commitment Termination Date applicable to such Lender and the Maturity Date applicable to the Loans of such Lender for an additional period of one year (1) year from the then existing Facility Termination Date; provided, that the Borrower an “Extension Request”). The Administrative Agent shall only be permitted to exercise this extension option two (2) times during the term promptly notify each Lender of receipt of the AgreementExtension Request.
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Request for Extension. The Borrower may (unless it has exercised the Term Loan Conversion Option), by written notice to the Administrative Agent (who shall promptly notify the Lenders) given not more earlier than sixty (60) 60 days and not less later than forty-five (45) 35 days prior to any anniversary of the Closing Scheduled Termination Date, request that each Lender extend the Facility such Lender’s Scheduled Termination Date then in effect for an additional one (1) year from 364 calendar days following the then existing Facility Scheduled Termination Date; provided, that the Borrower shall only be permitted to exercise this extension option two (2) times during the term of the Agreement.
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Samples: Credit Agreement (Danaher Corp /De/)