Extended Maturity. In the event that the Final Maturity Date is extended pursuant to Section 2.09 hereof, the Agents and the Loan Parties hereby agree to negotiate, in good faith, an amendment to the foregoing financial covenants set forth in Sections 7.03(a), (b), (c) and (d) in order to insert the applicable covenant thresholds during the extension period.”
Extended Maturity. The Borrower may request that the Banks extend the Revolving Maturity Date hereunder for one (1) year from July 1, 1998 to July 1, 1999, by giving the Agent written notice of such request no sooner than sixty (60) days prior to June 6, 1997 and no later than June 6, 1997. Within thirty (30) days following receipt of such written notice, the Agent shall notify Borrower in writing (which writing the Borrower may reasonably rely upon without the need for independent verification from any other Bank) whether or not the Required Banks elect (which election may be made in the Required Banks' sole discretion) to extend the Revolving Maturity Date hereunder for one (1) year from July 1, 1998 to July 1, 1999. The Agent's failure to notify the Borrower in writing within such thirty-day (30-day) period shall be deemed to be an election not to so extend the Revolving Maturity Date hereunder. If the Required Banks elect to extend the Revolving Maturity Date hereunder, then the parties shall enter into such extension agreements with respect to the Loan Documents as are satisfactory in form and substance to the Required Banks in their sole discretion; provided, however, that the payment terms of the Note shall remain unchanged (e.g., the interest rate shall remain the same and, except as otherwise specified herein, there shall be no required principal amortization prior to July 1, 1999). If this Agreement is extended as provided herein, the Borrower shall pay to the Agent for the account of each Bank ratably a loan extension fee (the "EXTENSION FEE") equal to one-tenth of one percent (0.10%) of Commitment Amount, which fee shall become due and payable within
Extended Maturity. (a) The Company may, at any time before the day which is 90 days before the Stated Maturity set forth in Section 3.01 above, elect to extend such Stated Maturity once only to a date not later than ______, provided that the following conditions in this Section 3.13(a) are satisfied both at the date the Company gives notice in accordance with Section 3.13(b) of its election to extend the Maturity and at the Stated Maturity set forth in Section 3.01 above:
