Common use of Extension of Maturity Date Clause in Contracts

Extension of Maturity Date. (a) Not earlier than 90 days prior to, nor later than 30 days prior to, each anniversary of May 31, 2006, and on not more than two occasions, the Borrower may, upon notice to the Administrative Agent (which shall promptly notify the Lenders), request a one-year extension of the Maturity Date then in effect. Within 30 days of delivery of such notice, each Lender shall notify the Administrative Agent whether or not it consents to such extension (which consent may be given or withheld in such Lender’s sole and absolute discretion). Any Lender not responding within the above time period shall be deemed not to have consented to such extension. The Administrative Agent shall promptly notify the Borrower and the Lenders of the Lenders’ responses.

Appears in 6 contracts

Samples: Revolving Credit Agreement (Valero Gp Holdings LLC), Term Credit Agreement (Valero Gp Holdings LLC), Revolving Credit Agreement (Valero L P)

AutoNDA by SimpleDocs

Extension of Maturity Date. (a) Not earlier than 90 days prior to, nor later than 30 days prior to, the Initial Maturity Date and each anniversary of May 31, 2006, and on not more than two occasionsthe Initial Maturity Date, the Borrower may, upon notice to the Administrative Agent (which shall promptly notify the Lenders), request a one-year extension of the Maturity Date then in effect, provided, however, that the Borrower may not request more than two such extensions during the term of this Agreement. Within 30 15 days of delivery of such notice, each Lender shall notify the Administrative Agent whether or not it consents to such extension (which consent may be given or withheld in such Lender’s sole and absolute discretion). Any Lender not responding within the above time period shall be deemed not to have consented to such extension. The Administrative Agent shall promptly notify the Borrower and the Lenders of the Lenders’ responses.

Appears in 5 contracts

Samples: Senior Unsecured (HF Sinclair Corp), Revolving Credit Agreement (HollyFrontier Corp), Credit Agreement (HollyFrontier Corp)

Extension of Maturity Date. (a) Not earlier than 90 days prior toone year after the Closing Date, nor later than 30 sixty (60) days prior to, each anniversary of May 31, 2006, and on not more than two occasionsto the Maturity Date, the Borrower may, upon notice to the Administrative Agent (which shall promptly notify the Lenders), request a one-year extension of the Maturity Date then in effect; provided that not more than two such extensions shall be effected during the term of this Agreement. Within 30 thirty (30) days of delivery to the Lenders of such notice, each Lender shall notify the Administrative Agent whether or not it consents to such extension (which consent may be given or withheld in such Lender’s sole and absolute discretion). Any Lender not responding within the above time period shall be deemed not to have consented to such extension. The Administrative Agent shall promptly notify the Borrower and the Lenders of the Lenders’ responses.

Appears in 4 contracts

Samples: Revolving Credit Agreement (Philadelphia Energy Solutions Inc.), Revolving Credit Agreement (PBF Logistics LP), Revolving Credit Agreement (PBF Energy Inc.)

Extension of Maturity Date. (a) Not earlier than 90 days prior to, nor later than 30 days prior to, each anniversary of May 31, 2006, and on not more than two occasionsthe Closing Date, the Borrower may, upon notice to the Administrative Agent (which shall promptly notify the Lenders), request a one-one year extension of the Maturity Date then in effecteffect (the “Present Maturity Date”). This option may be exercised only twice. Within 30 days of delivery of such notice, each Lender shall notify the Administrative Agent whether or not it consents to such extension (which consent may be given or withheld in such Lender’s sole and absolute discretion). Any Lender not responding within the above time period shall be deemed not to have consented to such extension. The Administrative Agent shall promptly notify the Borrower and the Lenders of the Lenders’ responses.

Appears in 3 contracts

Samples: Assignment and Assumption (National Oilwell Varco Inc), Assignment and Assumption (National Oilwell Varco Inc), Year Credit Agreement (National Oilwell Varco Inc)

Extension of Maturity Date. (a) Not earlier than 90 days prior to, nor later than 30 days prior to, each anniversary of May 31December 10, 2006, and on not more than two occasions2007, the Borrower may, upon notice to the Administrative Agent (which shall promptly notify the Lenders), request a one-year extension of the Maturity Date then in effect. Within 30 20 days of delivery of such notice, each Lender shall notify the Administrative Agent whether or not it consents to such extension (which consent may be given or withheld in such Lender’s sole and absolute discretion). Any Lender not responding within the above time period shall be deemed not to have consented to such extension. The Administrative Agent shall promptly notify the Borrower and the Lenders of the Lenders’ responses.

Appears in 2 contracts

Samples: Year Revolving Credit Agreement (NuStar Energy L.P.), Year Revolving Credit Agreement (NuStar GP Holdings, LLC)

Extension of Maturity Date. (a) Not earlier than 90 sixty (60) days prior to, nor later than 30 forty-five (45) days prior to, each anniversary of May 31the Maturity Date then in effect, 2006, and on not more than two occasions, the Borrower may, upon notice to the Administrative Agent (which shall promptly notify the Lenders), request a one-year extension of the Maturity Date then in effect. Within 30 thirty (30) days of delivery of such notice, each Lender shall notify the Administrative Agent whether or not it consents to such extension (which consent may be given or withheld in such Lender’s sole and absolute discretion). Any Lender not responding within the above time period shall be deemed not to have consented to such extension. The Administrative Agent shall promptly notify the Borrower and the Lenders of the Lenders’ responses.

Appears in 2 contracts

Samples: Credit Agreement (Micros Systems Inc), Credit Agreement (Micros Systems Inc)

Extension of Maturity Date. (a) Not earlier than 90 75 days prior to, nor later than 30 days prior to, the Initial Maturity Date and each anniversary of May 31, 2006, and on not more than two occasionsthe Initial Maturity Date, the Borrower may, but no more than two times, upon notice to the Administrative Agent (which shall promptly notify the Lenders), request a one-year extension of the Maturity Date then in effect. Within 30 15 days of delivery of such notice, each Lender shall notify the Administrative Agent whether or not it consents to such extension (which consent may be given or withheld in such Lender’s sole and absolute discretion). Any Lender not responding within the above time period shall be deemed not to have consented to such extension. The Administrative Agent shall promptly notify the Borrower and the Lenders of the Lenders’ responses.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (Valero Energy Partners Lp)

Extension of Maturity Date. (a) Not earlier than 90 days prior to, nor later than 30 days prior to, each anniversary of May 31, 2006, and on not more than two occasionsthe Closing Date, the U.S. Borrower may, upon notice to the Administrative Agent (which shall promptly notify the Lenders), request a one-year extension of the Maturity Date then in effect. Within 30 days of delivery of such notice, each Lender shall notify the Administrative Agent whether or not it consents to such extension (which consent may be given or withheld in such Lender’s sole and absolute discretion). Any Lender not responding within the above time period shall be deemed not to have consented to such extension. The Administrative Agent shall promptly notify the U.S. Borrower and the Lenders of the Lenders’ responses. The U.S. Borrower may not extend the Maturity Date pursuant to this Section 4.08 more than two times.

Appears in 2 contracts

Samples: Credit Agreement (Devon Energy Corp/De), Credit Agreement (Devon Energy Corp/De)

Extension of Maturity Date. (a) Not earlier than 90 75 days prior to, nor later than 30 days prior to, each anniversary of May 31the Closing Date, 2006the Borrower may, and on but not more than two occasions, the Borrower maytimes, upon notice to the Administrative Agent (which shall promptly notify the Lenders), request a one-year extension of the Maturity Date then in effect. Within 30 15 days of delivery of such notice, each Lender shall notify the Administrative Agent whether or not it consents to such extension (which consent may be given or withheld in such Lender’s sole and absolute discretion). Any Lender not responding within the above time period shall be deemed not to have consented to such extension. The Administrative Agent shall promptly notify the Borrower and the Lenders of the Lenders’ responses.

Appears in 2 contracts

Samples: Credit Agreement (Valero Energy Partners Lp), Credit Agreement

Extension of Maturity Date. (a) Not earlier than 90 75 days prior to, nor later than 30 days prior to, each anniversary of May 31November 9, 2006, and on not more than two occasions2007, the Borrower may, upon notice to the Administrative Agent (which shall promptly notify the Lenders), request a one-year extension of the Maturity Date then in effect. Within 30 15 days of delivery of such notice, each Lender shall notify the Administrative Agent whether or not it consents to such extension (which consent may be given or withheld in such Lender’s sole and absolute discretion). Any Lender not responding within the above time period shall be deemed not to have consented to such extension. The Administrative Agent shall promptly notify the Borrower and the Lenders of the Lenders’ responses.

Appears in 1 contract

Samples: Credit Agreement (Valero Energy Corp/Tx)

Extension of Maturity Date. (a) Not earlier than 90 days prior to, nor later than 30 days prior to, each anniversary of May 31April 27, 2006, and on not more than two occasions2022, the Borrower may, upon notice to the Administrative Agent (which shall promptly notify the Lenders), request a one-year extension of the Maturity Date then in effect. Within 30 20 days of delivery of such notice, each Lender shall notify the Administrative Agent whether or not it consents to such extension (which consent may be given or withheld in such Lender’s sole and absolute discretion). Any Lender not responding within the above time period shall be deemed not to have consented to such extension. The Administrative Agent shall promptly notify the Borrower and the Lenders of the Lenders’ responses.

Appears in 1 contract

Samples: Credit Agreement (NuStar Energy L.P.)

Extension of Maturity Date. (a) Not earlier than 90 75 days prior to, nor later than 30 days prior to, the Initial Maturity Date and each anniversary of May 31, 2006, and on not more than two occasionsthe Initial Maturity Date, the Borrower may, upon notice to the Administrative Agent (which shall promptly notify the Lenders), request a one-year extension of the Maturity Date then in effect. Within 30 15 days of delivery of such notice, each Lender shall notify the Administrative Agent whether or not it consents to such extension (which consent may be given or withheld in such Lender’s 's sole and absolute discretion). Any Lender not responding within the above time period shall be deemed not to have consented to such extension. The Administrative Agent shall promptly notify the Borrower and the Lenders of the Lenders' responses.

Appears in 1 contract

Samples: Revolving Credit Agreement (Valero Energy Corp/Tx)

Extension of Maturity Date. (a) Not earlier than 90 days prior to, nor later than 30 days prior to, each anniversary of May 31, 2006, and on not more than two occasionsthe Effective Date, the US Borrower may, upon notice to the Administrative Agent (which shall promptly notify the Lenders), request a one-year extension of the Maturity Date then in effect. Within 30 days of delivery of such notice, each Lender shall notify the Administrative Agent whether or not it consents to such extension (which consent may be given or withheld in such Lender’s sole and absolute discretion). Any Lender not responding within the above time period shall be deemed not to have consented to such extension. The Administrative Agent shall promptly notify the US Borrower and the Lenders of the Lenders’ responses.

Appears in 1 contract

Samples: Credit Agreement (Devon Energy Corp/De)

Extension of Maturity Date. (a) Not earlier than 90 60 days prior to, nor later than 30 45 days prior to, each anniversary of May 31, 2006, and on not more than two occasionsthe Effective Date, the Borrower may, upon notice to the Administrative Agent (which shall promptly notify the Lenders), request a one-year extension of the Maturity Date then in effect. Within 30 days of delivery of such notice, each Lender shall notify the Administrative Agent whether or not it consents to such extension (which consent may be given or withheld in such Lender’s sole and absolute discretion). Any Lender not responding within the above time period shall be deemed not to have consented to such extension. The Administrative Agent shall promptly notify the Borrower and the Lenders of the Lenders’ responses.

Appears in 1 contract

Samples: Revolving Credit Agreement (Xto Energy Inc)

Extension of Maturity Date. (a) Not earlier than 90 days prior to, nor later than 30 days prior to, each anniversary of May 31, 2006, and on not more than two occasionsthe Closing Date, the Borrower may, upon notice to the Administrative Agent (which shall promptly notify the Lenders), request a one-one year extension of the Maturity Date then in effect. This option may be exercised only twice. Within 30 days of delivery of such notice, each Lender shall notify the Administrative Agent whether or not it consents to such extension (which consent may be given or withheld in such Lender’s sole and absolute discretion). Any Lender not responding within the above time period shall be deemed not to have consented to such extension. The Administrative Agent shall promptly notify the Borrower and the Lenders of the Lenders’ responses.

Appears in 1 contract

Samples: Credit Agreement (Patterson Uti Energy Inc)

Extension of Maturity Date. (a) Not earlier than 90 120 days prior to, nor later than 30 60 days prior to, each anniversary of May 31this Agreement (each, 2006, and on not more than two occasionsan "Anniversary Date"), the Borrower Company may, upon notice to the Administrative Agent (which shall promptly notify the Lenders), request a one364-year day extension of the Maturity Date then in effect. Within 30 thirty (30) days of delivery of such notice, each Lender shall notify the Administrative Agent whether or not it consents to such extension (which consent may be given or withheld in such Lender’s 's sole and absolute discretion). Any Lender not responding within the above time period shall be deemed not to have consented to such extension. The Administrative Agent shall promptly notify the Borrower Company and the Lenders of the Lenders' responses.

Appears in 1 contract

Samples: Credit Agreement (Maxxam Group Holdings Inc)

Extension of Maturity Date. (a) Not earlier than 90 ninety (90) days prior to, nor later than 30 sixty (60) days prior to, each anniversary of May 31, 2006, and on not more than two occasionsthe Maturity Date, the Borrower may, upon notice to the Administrative Agent (which who shall promptly notify the Lenders), request a one-one year extension of the Maturity Date then in effectDate. Within 30 thirty (30) days of after delivery of such notice, each Lender shall notify the Administrative Agent whether or not it consents to such extension (which consent may be given or withheld in such Lender’s 's sole and absolute discretion). Any Lender not responding within the above time period shall be deemed not to have consented to such extension. The Administrative Agent shall promptly notify the Borrower and the Lenders of the Lenders' responses.

Appears in 1 contract

Samples: Credit Agreement (Financial Pacific Co)

Extension of Maturity Date. (a) Not earlier than 90 60 days prior to, nor later than 30 45 days prior to, each anniversary of May 31, 2006, and on not more than two occasionsthe Revolving Maturity Date then in effect, the Borrower may, upon notice to the Administrative Agent (which shall promptly notify the Lenders), request a one364-year day extension of the Revolving Maturity Date then in effect. Within 30 days of delivery of such notice, each Lender shall notify the Administrative Agent whether or not it consents to such extension (which consent may be given or withheld in such Lender’s 's sole and absolute discretion). Any Lender not responding within the above time period shall be deemed not to have consented to such extension. The Administrative Agent shall promptly notify the Borrower and the Lenders of the Lenders' responses.. If any Lender declines, or is deemed to have declined, to consent to such extension,

Appears in 1 contract

Samples: Credit Agreement (Toyota Motor Credit Corp)

Extension of Maturity Date. (a) Not earlier than 90 60 days prior to, nor later than 30 45 days prior toto March 11, each anniversary of May 312009 and March 11, 20062010 (each, and on not more than two occasionsan “Anniversary Date”), the Borrower may, upon notice to the Administrative Agent (which shall promptly notify the Lenders), request a one-year extension of the such Maturity Date then in effectDate. Within 30 days of delivery of such notice, each Lender shall notify the Administrative Agent whether or not it consents to such extension (which consent may be given or withheld in such Lender’s sole and absolute discretion). Any Lender not responding within the above time period shall be deemed not to have consented to such extension. The Administrative Agent shall promptly notify the Borrower and the Lenders of the Lenders’ responses.

Appears in 1 contract

Samples: Credit Agreement (Questar Market Resources Inc)

AutoNDA by SimpleDocs

Extension of Maturity Date. (a) Not earlier than 90 days prior to, nor later than 30 days prior to, each anniversary of May 31the Availability Date, 2006, and on not more than two occasions, the Borrower may, upon notice to the Administrative Agent (which shall promptly notify the Lenders), request a one-year extension of the Facility Maturity Date then in effect. Within 30 15 days of delivery of such notice, each Lender shall notify the Administrative Agent whether or not it consents to such extension (which consent may be given or withheld in such Lender’s sole and absolute discretion). Any Lender not responding within the above time period shall be deemed not to have consented to such extension. The Administrative Agent shall promptly notify the Borrower and the Lenders of the Lenders’ responses.

Appears in 1 contract

Samples: Credit Agreement (Anadarko Petroleum Corp)

Extension of Maturity Date. (a) Not earlier than 90 60 days prior to, nor later than 30 45 days prior to, each anniversary of May 31the Effective Date, 2006, and the Borrower may (but in no event on not more than two occasions, occasions during the Borrower mayterm of this Agreement), upon notice to the Administrative Agent (which shall promptly notify the Lenders), request a one-year extension of the Maturity Date then in effectDate. Within 30 days of delivery of such notice, each Lender shall notify the Administrative Agent whether or not it consents to such extension (which consent may be given or withheld in such Lender’s sole and absolute discretion). Any Lender not responding within the above time period shall be deemed not to have consented to such extension. The Administrative Agent shall promptly notify the Borrower and the Lenders of the Lenders’ responses.

Appears in 1 contract

Samples: Assignment and Assumption (Questar Corp)

Extension of Maturity Date. (a) Not earlier than 90 75 days prior to, nor later than 30 days prior to, the Initial Maturity Date and each anniversary of May 31, 2006, and on not more than two occasionsthe Initial Maturity Date, the Borrower may, upon notice to the Administrative Agent (which shall promptly notify the Lenders), request a one-year extension of the Maturity Date then in effect. Within 30 15 days of delivery of such notice, each Lender shall notify the Administrative Agent whether or not it consents to such extension (which consent may be given or withheld in such Lender’s sole and absolute discretion). Any Lender not responding within the above time period shall be deemed not to have consented to such extension. The Administrative Agent shall promptly notify the Borrower and the Lenders of the Lenders’ responses.

Appears in 1 contract

Samples: Revolving Credit Agreement (Valero Energy Corp/Tx)

Extension of Maturity Date. (a) Not earlier than 90 days prior to, nor later than 30 days prior to, each anniversary of May 31, 2006, the Closing Date and on not more than two three occasions, the Borrower may, upon notice to the Administrative Agent (which who shall promptly notify the Lenders), request a one-year extension of the Maturity Date then in effect. Within 30 days of delivery of such notice, each Lender shall notify the Administrative Agent whether or not it consents to such extension (which consent may be given or withheld in such Lender’s sole and absolute discretion). Any Lender not responding within the above time period shall be deemed not to have consented to such extension. The Administrative Agent shall promptly notify the Borrower and the Lenders of the Lenders’ responses.

Appears in 1 contract

Samples: Credit Agreement (Baker Hughes Inc)

Extension of Maturity Date. (a) Not earlier than 90 60 days prior to, nor later than 30 45 days prior to, each anniversary of May 31, 2006, and on not more than two occasionsthe Closing Date, the US Borrower may, upon notice to the Administrative Agent (which shall promptly notify the Lenders), request a one-year extension of the Maturity Date then in effect. Within 30 days of delivery of such notice, each Lender shall notify the Administrative Agent whether or not it consents to such extension (which consent may be given or withheld in such Lender’s 's sole and absolute discretion). Any Lender not responding within the above time period shall be deemed not to have consented to such extension. The Administrative Agent shall promptly notify the US Borrower and the Lenders of the Lenders' responses.

Appears in 1 contract

Samples: Credit Agreement (Devon Energy Corp/De)

Extension of Maturity Date. (a) Not earlier than 90 days prior to, nor later than 30 days prior to, each anniversary of May 31, 2006, and on not more than two occasionsthe Closing Date, the U.S. Borrower may, upon notice to the Administrative Agent (which shall promptly notify the Lenders), request a one-year extension of the Maturity Date then in effect. Within 30 days of delivery of such notice, each Lender shall notify the Administrative Agent whether or not it consents to such extension (which consent may be given or withheld in such Lender’s sole and absolute discretion). Any Lender not responding within the above time period shall be deemed not to have consented to such extension. The Administrative Agent shall promptly notify the Borrower and the Lenders of the Lenders’ responses.such

Appears in 1 contract

Samples: Credit Agreement (Devon Energy Corp/De)

Extension of Maturity Date. (a) Not earlier than 90 days prior to, nor later than 30 45 days prior to, each to any anniversary date of May 31, 2006, and on not more than two occasionsthis Agreement, the Borrower may, upon notice to the Administrative Agent (which shall promptly notify the Lenders), request a one-year extension of the Maturity Date then in effect; provided that not more than two such extensions shall be effected. Within 30 days of delivery to the Lenders of such notice, each Lender shall notify the Administrative Agent whether or not it consents to such extension (which consent may be given or withheld in such Lender’s sole and absolute discretion). Any Lender not responding within the above time period shall be deemed not to have consented to such extension. The Administrative Agent shall promptly notify the Borrower and the Lenders of the Lenders’ responses.

Appears in 1 contract

Samples: 000 Credit Agreement (Ultra Petroleum Corp)

Extension of Maturity Date. (a) Not earlier than 90 60 days prior to, nor later than 30 45 days prior to, each anniversary of May 31, 2006, and on not more than two occasionsthe Maturity Date then in effect, the Borrower may, upon notice to the Administrative Agent (which shall promptly notify the Lenders), request a one364-year day extension of the Maturity Date then in effect. Within 30 days of delivery of such notice, each Lender shall notify the Administrative Agent whether or not it consents to such extension (which consent may be given or withheld in such Lender’s 's sole and absolute discretion). Any Lender not responding within the above time period shall be deemed not to have consented to such extension. The Administrative Agent shall promptly notify the Borrower and the Lenders of the Lenders' responses.

Appears in 1 contract

Samples: Credit Agreement (Oneok Inc /New/)

Extension of Maturity Date. (a) Not earlier than 90 60 days prior to, nor later than 30 45 days prior toto July 1, each anniversary of May 312011 and July 1 2012 (each, 2006, and on not more than two occasionsan “Anniversary Date”), the Borrower may, upon notice to the Administrative Agent (which shall promptly notify the Lenders), request a one-year extension of the Maturity Date then in effectDate. Within 30 days of delivery of such notice, each Lender shall notify the Administrative Agent whether or not it consents to such extension (which consent may be given or withheld in such Lender’s sole and absolute discretion). Any Lender not responding within the above time period shall be deemed not to have consented to such extension. The Administrative Agent shall promptly notify the Borrower and the Lenders of the Lenders’ responses.

Appears in 1 contract

Samples: Revolving Credit Agreement (Questar Corp)

Extension of Maturity Date. (a) Not earlier than 90 days prior to, nor later than 30 days prior to, each anniversary of May 31October 29, 2006, and on not more than two occasions2014, the Borrower may, upon notice to the Administrative Agent (which shall promptly notify the Lenders), request a one-year extension of the Maturity Date then in effect. Within 30 20 days of delivery of such notice, each Lender shall notify the Administrative Agent whether or not it consents to such extension (which consent may be given or withheld in such Lender’s sole and absolute discretion). Any Lender not responding within the above time period shall be deemed not to have consented to such extension. The Administrative Agent shall promptly notify the Borrower and the Lenders of the Lenders’ responses.

Appears in 1 contract

Samples: Subsidiary Guaranty Agreement (NuStar Energy L.P.)

Extension of Maturity Date. (a) Not earlier than 90 75 days prior to, nor later than 30 days prior to, each anniversary of May 31the Revolving Effective Date, 2006the Borrower may, and on but not more than two occasions, the Borrower maytimes, upon notice to the Administrative Agent (which shall promptly notify the Lenders), request a one-year extension of the Maturity Date then in effect. Within 30 15 days of delivery of such notice, each Lender shall notify the Administrative Agent whether or not it consents to such extension (which consent may be given or withheld in such Lender’s sole and absolute discretion). Any Lender not responding within the above time period shall be deemed not to have consented to such extension. The Administrative Agent shall promptly notify the Borrower and the Lenders of the Lenders’ responses.

Appears in 1 contract

Samples: Revolving Credit Agreement (Valero Energy Corp/Tx)

Time is Money Join Law Insider Premium to draft better contracts faster.