Extending Lenders. If a Lender agrees, in its individual and sole discretion, to so extend its Revolving Commitment (an “Extending Lender”), it shall deliver to the Administrative Agent a written notice of its agreement to do so no later than 15 days after the date the applicable Extension Notice is received by the Administrative Agent (or such later date to which the Borrower and the Administrative Agent shall agree), and the Administrative Agent shall promptly thereafter notify the Borrower of such Extending Lender’s agreement to extend its Revolving Commitment (confirming the date of extension and the new Maturity Date (after giving effect to such extension) applicable to such Extending Lender). The Revolving Commitment of any Lender that fails to accept or respond to the Borrower’s request for extension of the Maturity Date (a “Declining Lender”) shall be terminated on the Maturity Date then in effect for such Lender (without regard to any extension by other Lenders) and on such Maturity Date the Borrower shall pay in full the unpaid principal amount of all Loans owing to such Declining Lender, together with all accrued and unpaid interest thereon and all fees accrued and unpaid under this Agreement to the date of such payment of principal and all other amounts due to such Declining Lender under this Agreement. The Administrative Agent shall promptly notify each Extending Lender of the aggregate Revolving Commitments of the Declining Lenders. Each Extending Lender may offer to increase its respective Revolving Commitment by an amount not to exceed the aggregate amount of the Declining Lenders’ Revolving Commitments, and such Extending Lender shall deliver to the Administrative Agent a notice of its offer to so increase its Revolving Commitment no later than 30 days after the date the applicable Extension Notice is received by the Administrative Agent (or such later date to which the Borrower and the Administrative Agent shall agree). To the extent the aggregate amount of additional Revolving Commitments that the Extending Lenders offer pursuant to the preceding sentence exceeds the aggregate amount of the Declining Lenders’ Revolving Commitments, such additional Revolving Commitments shall be reduced on a pro rata basis. To the extent the aggregate amount of Revolving Commitments that the Extending Lenders have so offered to extend is less than the aggregate amount of Revolving Commitments that the Borrower has so requested to be extended, the Borrower shall have the rig...
Extending Lenders. Each Existing Lender identified as an Extending Lender on its signature page hereto hereby acknowledges and agrees that such Lender has made an election to be, and shall, effective immediately on the New Facility Availability Date, (i) become an “Extending Lender” hereunder and (ii) (A) have its Existing Commitment reduced to zero and terminated, (B) no longer be a party to the Amended Credit Agreement or have any obligations under or in respect of the Amended Credit Agreement (provided that any indemnities or other contingent obligations owing to any Extending Lender pursuant to the Amended Credit Agreement shall survive) and (C) become a “Lender” under and as defined in the New Credit Agreement, with all the rights and obligations of a “Lender” thereunder, with respect to and to the extent of its “Commitments” under and as defined in the New Credit Agreement.
Extending Lenders. 1. Xxxxx Fargo Bank, National Association
Extending Lenders. A Competitive Bid submitted by a Non-Extending Lender pursuant to this paragraph (d) shall be irrevocable.
Extending Lenders. Any reduction of the US Secured Commitments shall be made pro rata according to the US Secured Commitment Percentages of the US Secured Lenders. Any reduction of the Canadian/US Secured Commitments shall be made pro rata according to the Canadian/US Secured Commitment Percentages of the Canadian/US Secured Lenders.
Extending Lenders. ). The Borrower shall have the following options with respect to the Revolving Commitments of the Non-extending Lenders:
Extending Lenders. Subject to the terms herein and in the Amended Credit Agreement, Borrower, the Agent and each Person party hereto whose name is set forth on Schedule A to the Amended Credit Agreement under the heading “Extending Lender” (each such person, an “Extending Lender”) agree that, on and as of the Effective Date, the entire Revolving Commitment, Pro Rata Share and all Revolving Loans held by such Extending Lender shall continue to be outstanding pursuant to the terms of the Amended Credit Agreement and the other Loan Documents. In furtherance of the foregoing, Borrower, the Agent and each Extending Lender agree that on and as of the Effective Date, such Extending Lender shall hold a Revolving Commitment in the amount set forth across from its name under the caption “Extending Lenders” and shall be entitled to all of the rights of, and be bound by, all of the obligations of the Lenders with Extended Revolving Commitments under the Amended Credit Agreement and other Loan Documents. 3.2.
Extending Lenders. Extending Lender Commitment(immediately prior to giving effect to the Specified Assignments) Commitment(immediately after giving effect to the Specified Assignments) Nordea Bank Norge ASA $80,000,000 $80,000,000 Unicredit Bank AG, New York Branch $80,000,000 $80,000,000 Annex I Annex II DECREASING LENDERS Decreasing Lender Commitment(immediately prior to giving effect to the Specified Assignments) Commitment Decrease Commitment(immediately after giving effect to the Specified Assignments) The Toronto Dominion Bank, New York Branch $161,000,000 $36,000,000 $125,000,000 Annex II Annex III
Extending Lenders. By its execution below, each Lender party hereto hereby acknowledges and agrees that it has made an election to be, and shall upon the effectiveness of Section 1 hereof become, an “Extending Lender” under and as defined in the Amended Credit Agreement, with all the rights and obligations of an Extending Lender thereunder.
Extending Lenders. Lenders having Revolving Exposure and unused Revolving Commitments representing more than fifty percent (50%) of the sum of the total Revolving Exposure and unused Revolving Commitments as of the Effective Date shall have become Extending Lenders.
