Common use of Requests for Extension Clause in Contracts

Requests for Extension. The Borrower may, by written notice to the Administrative Agent (such notice, a “Revolving Loan Extension Notice”) at least 30 days prior to the Initial Revolving Loan Maturity Date, but no more than 90 days prior to the Initial Revolving Loan Maturity Date, request that the Revolving Lenders extend the Revolving Loan Maturity Date for a period of 12 months from the Initial Revolving Loan Maturity Date.

Appears in 4 contracts

Samples: Credit Agreement (Americold Realty Trust), Credit Agreement (Americold Realty Trust), Credit Agreement (Americold Realty Trust)

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Requests for Extension. The Borrower may, at its option, on a one-time basis, by written notice to the Administrative Agent (such notice, a “who shall promptly notify the Revolving Loan Extension Notice”Lenders) at least 30 not earlier than one hundred twenty (120) days and not later than thirty (30) days prior to the Initial initial Revolving Loan Maturity Date (the date of such notice, the “Extension Request Date”), but no more than 90 days prior elect to the Initial Revolving Loan Maturity Date, request that the Revolving Lenders extend the Revolving Loan Maturity Date for a period of 12 months an additional year from the Initial Revolving Loan Maturity DateDate then in effect hereunder.

Appears in 4 contracts

Samples: Credit Agreement (Omega Healthcare Investors Inc), Credit Agreement (Omega Healthcare Investors Inc), Credit Agreement (Omega Healthcare Investors Inc)

Requests for Extension. (i) The Borrower may, by written notice to the Administrative Agent (such notice, a “Revolving Loan Extension Notice”) at least 30 and the Lenders not earlier than 90 days and not later than 45 days prior to the Initial Revolving Term Loan A-1 Maturity Date (the “Existing Maturity Date, but no more than 90 days prior to the Initial Revolving Loan Maturity Date”), request that the Revolving Lenders extend the Revolving Term Loan A-1 Maturity Date for a an additional six month period of 12 months from the Initial Revolving Loan Existing Maturity Date.

Appears in 2 contracts

Samples: Credit Agreement (Phillips Edison & Company, Inc.), Credit Agreement (Phillips Edison Grocery Center Reit I, Inc.)

Requests for Extension. The Borrower may, at its option, by written notice to the Administrative Agent (such notice, a “Revolving who shall promptly notify the Acquisition Term Loan Extension Notice”Lenders) at least 30 not earlier than one hundred twenty (120) days and not later than thirty (30) days prior to the Initial Revolving Loan Maturity Date, but no more than 90 days prior to the Initial Revolving Loan Maturity Date, request that the Revolving Lenders extend the Revolving then applicable Acquisition Term Loan Maturity Date for a period (the date of 12 months from such notice, the Initial Revolving “Acquisition Term Loan Extension Request Date”), elect to extend the Acquisition Term Loan Maturity DateDate twice, the first extension until June 27, 2018 and the second extension until June 27, 2019.

Appears in 1 contract

Samples: Credit Agreement (Omega Healthcare Investors Inc)

Requests for Extension. The Parent Borrower may, by written notice to the Administrative Agent (such notice, a “Revolving Loan Extension Notice”) at least 30 days prior to the Initial Revolving Loan Maturity Date, but no more than 90 days prior to the Initial Revolving Loan Maturity Date, request that the Revolving Lenders extend the Revolving Loan Maturity Date for a period of 12 months from the Initial Revolving Loan Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Americold Realty Trust)

Requests for Extension. The Borrower may, up to one time with respect to the Revolving Credit Facility and up to two times with respect to the Term Facility, by written notice to the Administrative Agent (such noticewho shall promptly notify the Revolving Lenders or the Term Lenders, a “Revolving Loan Extension Notice”as applicable) at least 30 not earlier than one hundred and twenty (120) days and not later than thirty (30) days prior to the Initial Maturity Date in respect of the Revolving Loan Credit Facility or the Term Facility, as applicable, then in effect hereunder (the “Existing Maturity Date, but no more than 90 days prior to the Initial Revolving Loan Maturity Date”), request that the Revolving Lenders extend the Revolving Loan Existing Maturity Date be extended for a period of 12 months an additional one year from the Initial Revolving Loan Existing Maturity Date.

Appears in 1 contract

Samples: Credit and Term Loan Agreement (Dividend Capital Diversified Property Fund Inc.)

Requests for Extension. The Borrower may, at its option, on a one-time basis during the term of this Credit Agreement, by written notice to the Administrative Agent (such noticewho shall promptly notify the Lenders, a “Revolving Loan Extension Notice”as applicable) at least not earlier than 90 days and not later than 30 days prior to the Initial Revolving Loan Maturity Date (the date of such notice, the “Extension Request Date”), but no more than 90 days prior elect to extend the Initial Revolving Loan Maturity Date, request that Date to the Revolving Lenders extend the Revolving Loan Maturity Date for a period of 12 months from the Initial Extended Revolving Loan Maturity Date.. (b)

Appears in 1 contract

Samples: Credit Agreement (American Healthcare REIT, Inc.)

Requests for Extension. The Borrower may, at its option, on a one-time basis during the term of this Credit Agreement, by written notice to the Administrative Agent (such noticewho shall promptly notify the Lenders, a “Revolving Loan Extension Notice”as applicable) at least not earlier than 90 days and not later than 30 days prior to the Initial Revolving Loan Maturity Date (the date of such notice, the “Extension Request Date”), but no more than 90 days prior elect to extend the Initial Revolving Loan Maturity Date, request that Date to the Revolving Lenders extend the Revolving Loan Maturity Date for a period of 12 months from the Initial Extended Revolving Loan Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (American Healthcare REIT, Inc.)

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Requests for Extension. The Borrower may, no more than one time per Loan Year, by written notice to the Administrative Agent (such notice, a “Revolving Loan Extension Notice”who shall promptly notify the Lenders) at least 30 not earlier than 60 days and not later than 35 days prior to the Initial Revolving Anniversary Date in such Loan Maturity Date, but no more than 90 days prior to the Initial Revolving Loan Maturity DateYear, request that the Revolving Lenders each Lender extend the Revolving Loan such Xxxxxx’s Maturity Date for a period of 12 months an additional 364 days from the Initial Revolving Loan Existing Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Asbury Automotive Group Inc)

Requests for Extension. The Borrower may, at its option, but no more than two (2) times, by written notice to the Administrative Agent (such notice, a “who shall promptly notify the Revolving Loan Extension Notice”Lenders) at least 30 not earlier than one hundred twenty (120) days and not later than thirty (30) days prior to the Initial then applicable Revolving Loan Maturity Date (the date of such notice, the “Extension Request Date”), but no more than 90 days prior elect to the Initial Revolving Loan Maturity Date, request that the Revolving Lenders extend the Revolving Loan Maturity Date for a period of 12 an additional six (6) months from the Initial Revolving Loan Maturity DateDate then in effect hereunder.

Appears in 1 contract

Samples: Credit Agreement (Omega Healthcare Investors Inc)

Requests for Extension. The Borrower may, no more than one time per Loan Year, by written notice to the Administrative Agent (such notice, a “Revolving Loan Extension Notice”who shall promptly notify the Lenders) at least 30 not earlier than 60 days and not later than 35 days prior to the Initial Revolving Anniversary Date in such Loan Maturity Date, but no more than 90 days prior to the Initial Revolving Loan Maturity DateYear, request that the Revolving Lenders each Lender extend the Revolving Loan such Lender’s Maturity Date for a period of 12 months an additional 364 days from the Initial Revolving Loan Existing Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Asbury Automotive Group Inc)

Requests for Extension. The Borrower may, at its option, by written notice to the Administrative Agent (such notice, a “Revolving who shall promptly notify the Term Loan Extension Notice”Lenders) at least 30 not earlier than one hundred twenty (120) days and not later than thirty (30) days prior to the Initial Revolving Loan Maturity Date, but no more than 90 days prior to the Initial Revolving Loan Maturity Date, request that the Revolving Lenders extend the Revolving then applicable Term Loan Maturity Date for a period (the date of 12 months from such notice, the Initial Revolving “Term Loan Extension Request Date”), elect to extend the Term Loan Maturity DateDate twice, the first extension until June 27, 2018 and the second extension until June 27, 2019.

Appears in 1 contract

Samples: Credit Agreement (Omega Healthcare Investors Inc)

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