Extension Date definition
Examples of Extension Date in a sentence
The Borrower shall pay to the Administrative Agent on each Extension Date, for the account of each Lender, a Facility extension fee, in an amount equal to 0.15% of the aggregate principal balance of each Lender’s Commitment then outstanding (the “Extension Fee”).
The Borrower shall pay to the Administrative Agent on each Extension Date, for the account of each Revolving Credit Lender, a Facility extension fee, in an amount equal to 7.512.5 bps of each Lender’s Revolving Credit Commitment then outstanding (the “Extension Fee”).
The Administrative Agent shall promptly notify each Lender of such Extension Request and the Maturity Date in effect at such time shall, effective as of the applicable Extension Date (as defined below), be extended for an additional twelve month period, provided that, on such Extension Date the Administrative Agent shall have received (i) payment in full of the Extension Fee set forth in Section 2.08(d) and (ii) such certificates or other information as may be required pursuant to Section 3.02.