Examples of Extension Final Maturity in a sentence
On the Option Date (so long as the Borrower has not elected the Conversion Option), the Borrower, with the prior written consent of Revolver A Lenders holding 66.66% of outstanding Revolver A Advances, or if there are no Revolver A Advances outstanding, 66.66% of the Revolver A Commitment (the "Revolver A Determining Lenders"), and so long as there exists no Default, may elect to extend the maturity of the Revolver A Loan for an additional 364 day period until the Extension Final Maturity.
On the Option Date, or, if the Borrower and the Lenders have agreed to extend the Revolver A Loan until the Extension Final Maturity, then on the Extension Final Maturity, the Borrower, so long as there exists no Default or Event of Default on such date of conversion, shall have the option (which shall not require the consent of any Lender) to convert the Revolver A Loan to a term loan (the "Converted Term Loan").
Upon such notice (and receipt by the Revolver A Lenders of the new promissory notes (if any)), the Revolver A Loan shall automatically convert to the Converted Term Loan on the Option Date or the Extension Final Maturity, as applicable.
Such election must be made no sooner than 60 days prior to the Option Date or Extension Final Maturity, as applicable, and no later than 30 days prior to the Option Date or Extension Final Maturity, as applicable, (or such shorter period as agreed to by the Administrative Agent), by written notice in accordance with the terms of Section 10.02 hereof to the Administrative Agent of the election of such conversion.
If the Borrower receives the consent of Lenders having Working Line Specified Percentages totaling 100%, then the Working Line Loan final maturity shall be automatically extended on the Option Date to the Extension Final Maturity, and each Lender will retain its Working Line Specified Percentage and the Working Line Commitment shall remain the same.
Such election must be made no sooner than 60 days prior to the Option Date or Extension Final Maturity, as applicable, and no later than 30 days prior to the Option Date or Extension Final Maturity, as applicable, by written notice in accordance with the terms of Section 11.02 hereof to each Lender of such conversion.
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On the Option Date, the Borrower, with the prior written consent of the SuperMajority Lenders and so long as there exists no Default or Event of Default, may elect to extend the maturity of the Working Line Loan for an additional 364 day period until the Extension Final Maturity.
On the Option Date, or, if the Borrower and the Lenders have agreed to extend the Working Line Loan until the Extension Final Maturity, then the Extension Final Maturity, the Borrower, so long as there exists no Default or Event of Default on such date of conversion, shall have the option (which shall not require the consent of any Lender) to convert the Working Line Loan to a term loan.
Subject to the terms and conditions of this Agreement, until the earlier of the (x) Option Date (or the Extension Final Maturity if the Borrower exercised its Extension Option in accordance with the terms of Section 2.16(a) hereof) and (y) Conversion Date, the Borrower may borrow, repay and reborrow the Working Line Advances; provided, however, that at no -------- ------- time shall the sum of all outstanding Working Line Advances exceed the Working Line Commitment.