Examples of Extended Revolving Termination Date in a sentence
The Borrower shall have the right to extend (i) the Original Revolving Termination Date to the First Extended Revolving Termination Date (the “First Extension Option”) and (ii) the First Extended Revolving Termination Date to the Second Extended Revolving Termination Date (the “Second Extension Option”).
Requests for such Incremental Commitments may be, at the Borrower’s option, for Incremental Revolving Loans (at any time prior to the later of the (i) Revolving Termination Date and (ii) the latest Extended Revolving Termination Date, if any) and/or Incremental Term Loans.
With the consent of each Lender so electing, the Loan, this Agreement and the Loan Documents may be amended to permit the Borrower to extend the Extended Revolving Termination Date of each such electing Lender’s Loans and Commitments and to provide for different interest rates and fees for such extending Lender for such extended period.
Any amounts made available by a Lender under its participation shall be payable by Borrower upon demand of Administrative Agent (or, if earlier, on the Revolving Termination Date, the Extended Revolving Termination Date or the Second Extended Revolving Termination Date, as applicable), and shall bear interest at a rate per annum equal to the Default Rate.
PageNum# - The Borrower shall have the right, exercisable one time, to request that the Administrative Agent and the Revolving Lenders extend the Original Revolving Termination Date by one year to the Extended Revolving Termination Date by executing and delivering to the Administrative Agent at least sixty (60) days, but not more than one hundred eighty (180) days, prior to the Original Revolving Termination Date, a written request for such extension (an “Extension Request”).