Examples of Minimum Extension Condition in a sentence
The Lead Borrower may, at its election and with the prior written consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed), specify as a condition (the “Borrower Minimum Extension Condition”) to consummating any such Extension Amendment that a minimum amount (to be determined and specified in the relevant Extension Request but in no event to be less than the Threshold Minimum Extension Condition) of Commitments become Extended Commitments.
For the avoidance of doubt, no Lender shall be obligated to accept any Extension Offer.(b) [Intentionally Omitted].(c) Minimum Extension Condition.
The consummation and effectiveness of any Extension will be subject to a condition set forth in the relevant Extension Offer (a "Minimum Extension Condition") that a minimum amount be agreed to by the Lenders subject to such Extension (to be determined in the Borrower’s discretion and specified in the relevant Extension Offer, but in no event less than $100,000,000, unless another amount is agreed to by the Administrative Agent).
The Chief Executive paid tribute to Mr. Caldbeck’s contribution to the Council in various roles since he joined 16 years ago and wished him the best in his new career.
Extension shall be consistent with the foregoing and (ix) any applicable Minimum Extension Condition shall be satisfied unless waived by the BorrowersBorrower.