Offer of Extension definition

Offer of Extension means a written offer by the Agent, on behalf of the Revolving Lenders other than the Non-Agreeing Lenders, to the Borrower to extend the Revolving Period to a date up to 364 days from acceptance by the Borrower of such offer, and setting forth the terms and conditions, if any, on which such extension is offered by the Revolving Lenders and may be accepted by the Borrower.
Offer of Extension means a written offer by Canadian Administrative Agent, for and on behalf of Required Lenders, to Borrower to extend the Revolving Loan Availability Period to a date 364 days from acceptance by Borrower of such offer, and setting forth, if applicable, the terms and conditions on which such extension is offered by the Lenders and as may be accepted by Borrower.
Offer of Extension means (a) with respect to the Canadian Agreement, a written offer by Canadian Agent, for and on behalf of Required Lenders, to Canadian Borrowers to extend the Canadian Facility Revolving Period to a date 364 days from acceptance by Canadian Borrowers of such offer, and setting forth, if applicable, the terms and conditions on which such extension is offered by the Lenders and as may be accepted by Canadian Borrowers, and (b) with respect to the US Agreement, a written offer by US Agent, for and on behalf of Required Lenders, to US Borrower to extend the Tranche B Revolving Period to a date 364 days from acceptance by US Borrower of such offer, and setting forth, if applicable, the terms and conditions on which such extension is offered by the Lenders and as may be accepted by US Borrower.

Examples of Offer of Extension in a sentence

  • Such request shall be made by the Borrower by delivering to the Agent an executed Request for Offer of Extension and, if not previously delivered, the most current financial statements and production information required to be delivered by it hereunder.

  • Canadian Agent shall forthwith provide a copy of the Request for an Offer of Extension to each of the Lenders.

  • US Agent shall forthwith provide a copy of the Request for an Offer of Extension to each of the Tranche B Lenders.

  • US Agent shall forthwith provide a copy of the Request for an Offer of Extension to each of the Lenders.

  • Such request shall be made by the Borrower delivering to the Lenders and to the Agent an executed Request for Offer of Extension.

  • Manitoba Infrastructure and Transportation – Offer of Extension for gravel road agreement for 2019.

  • If no Extension occurs, the then current Termination Date of the Lenders who are not already Non-Agreeing Lenders will, subject to Section 3.3(e), continue for each such Lender and each such Lender's Individual Commitment Amount will remain available for Drawdown hereunder until the Termination Date; provided that the Borrower may again make a Request for Offer of Extension during the Request Period applicable to the next Anniversary Date in accordance with Section 3.3(a).

  • Upon written notice by US Borrower to US Agent accepting an outstanding Offer of Extension and agreeing to the terms and conditions, if any, specified therein (the date of such notice of acceptance in this Section 1.1 being called the "Extension Date"), the Tranche B Conversion Date shall be extended to the date 364 days from the Extension Date and the terms and conditions specified in such Offer of Extension shall be immediately effective.

  • The Agent will promptly after receipt thereof, provide a copy of the Request for Offer of Extension to each of the Lenders.

  • Any such Offer of Extension shall be open for acceptance by the Borrowers for a period of five (5) Business Days.


More Definitions of Offer of Extension

Offer of Extension means a written offer by Agent, for and on behalf of Required Lenders, to Borrowers to extend the Maturity Date to a date 364 days from acceptance by Borrowers of such offer, and setting forth, if applicable, the terms and conditions on which such extension is offered by the Lenders and as may be accepted by Borrowers.
Offer of Extension means (a) with respect to the Canadian Agreement, a written offer by Canadian Agent, for and on behalf of Required Lenders, to Canadian Borrower to extend the Canadian Facility Revolving Period to a date 364 days from acceptance by Canadian Borrower of such offer, and setting forth, if applicable, the terms and conditions on which such extension is offered by the Lenders and as may be accepted by Canadian Borrower, and (b) with respect to the US Agreement, a written offer by US Agent, for and on behalf of Required Lenders, to US Borrower to extend the Tranche B Revolving Period to a date 364 days from acceptance by US Borrower of such offer, and setting forth, if applicable, the terms and conditions on which such extension is offered by the Lenders and as may be accepted by US Borrower.

Related to Offer of Extension

  • Notice of Extension has the meaning specified in Section 2.20.

  • Notice of Extension/Conversion means the written notice of extension or conversion in substantially the form of Exhibit 3.2, as required by Section 3.2.

  • Resolution Extension Period As defined in Section 2.03(b).

  • Second Extension Period means a period of twelve (12) consecutive months following the First Extended Maturity Date.

  • Non-Extension Notice has the meaning specified in Section 2.10.

  • Non-Extension Notice Date has the meaning specified in Section 2.03(b)(iii).

  • Repudiation/Moratorium Extension Notice means a notice from the Calculation Agent to the Issuer (which the Calculation Agent has the right but not the obligation to deliver) that describes a Potential Repudiation/Moratorium that occurred on or prior to the Scheduled Maturity Date. A Repudiation/Moratorium Extension Notice must contain a description in reasonable detail of the facts relevant to the determination that a Potential Repudiation/Moratorium has occurred and indicate the date of the occurrence. The Potential Repudiation/Moratorium that is the subject of the Repudiation/Moratorium Extension Notice need not be continuing on the date the Repudiation/Moratorium Extension Notice is effective.

  • Request for Extension of Credit means, unless otherwise specified herein, with respect to a Borrowing, Conversion or Continuation of Loans, a written request substantially in the form of Exhibit B or such other form as may be approved by the Administrative Agent and the Borrower (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer of the Borrower.

  • Period of Extended Hire means any additional period that the Hirer wishes the Agency Worker to be supplied for beyond the duration of the original Assignment or series of assignments as an alternative to paying a Transfer Fee;

  • Extension Notice has the meaning specified in Section 308.

  • Notice of Conversion/Extension means the written notice of conversion of a LIBOR Rate Loan to an Alternate Base Rate Loan or an Alternate Base Rate Loan to a LIBOR Rate Loan, or extension of a LIBOR Rate Loan, in each case substantially in the form of Exhibit 1.1(f).

  • Extension Deadline means, with respect to a letter of credit, the Cutoff Time on the Business Day preceding the day on which the letter of credit expires.

  • Contract Term Extension means an extension of the term of this contract, at the request of Purchaser, under this Subsection. This Subsection does not obligate Contracting Officer to grant Contract Term Extension. When such extension is made, Forest Service shall make an appraisal using standard Forest Service methods and appraisal data in effect 45 days prior to the original Termination Date. Bid Premium Rates shall be added to such appraised rates to establish Flat Rates or Tentative Rates for the extension period. In event rates so established would develop Current Contract Value immediately prior to such an extension that is less than Current Contract Value at that time, Flat Rates and Tentative Rates in effect immediately prior to extension shall be retained for the extension period. In consideration for granting an extension, Purchaser shall pay the Government for Purchaser’s failure to cut and remove timber meeting Utilization Standards prior to Contract Term Extension, an amount that shall be the total of the costs to the Government resulting from the delay in harvest of Included Timber. Such costs will be determined by Forest Service and shall include, but not be limited to, the following:

  • Second Extension Option shall have the meaning set forth in Section 2.6.1 hereof.

  • Renewal Application means a document used to collect pertinent data for renewal of permits

  • Initial Extension of Credit means the earlier to occur of the initial Borrowing and the initial issuance of a Letter of Credit hereunder.

  • Grace Period Extension Date means, if:

  • Term Loan Extension Request has the meaning set forth in Section 2.16(a).

  • Extension has the meaning specified in Section 2.18(a).

  • Extension limitation means (a) the lesser of 5% or the

  • Extension Offer has the meaning specified in Section 2.15(a).

  • Extension Period has the meaning set forth in Section 2.11.

  • First Extension Period means a period of twelve (12) consecutive months following the Initial Maturity Date.

  • Increased Facility Activation Notice a notice substantially in the form of Exhibit G.

  • Extension Election has the meaning set forth in Section 2.16(c).