Common use of Extension of the Termination Date Clause in Contracts

Extension of the Termination Date. (a) During the period from July 1, 2022 until the date that is 30 days prior to the then-applicable Termination Date, the Borrower may request by written notice (an “Extension Request”) made to the Administrative Agent (which shall promptly notify the Lenders thereof) one-year extensions of the Termination Date applicable to each Lender. Each Lender shall notify the Administrative Agent by the date that is 30 days after the Administrative Agent provides the Lenders with written notice of the Borrower’s extension request that either (A) such Lender declines to consent to extending the Termination Date or (B) such Lender consents to extending the Termination Date. Any Lender not responding within the above time period shall be deemed to have declined to extend the Termination Date. The consent of a Lender to any such extension shall be in the sole discretion of such Lender. The Administrative Agent shall, after receiving the notifications from all of the Lenders or the expiration of such period, whichever is earlier, notify the Borrower and the Lenders of the results thereof. For the avoidance of doubt and subject to the terms and conditions set forth herein, the Borrower may request an unlimited number of extensions pursuant to this Section.

Appears in 7 contracts

Samples: Credit Agreement (Midamerican Energy Co), Credit Agreement (Midamerican Energy Co), Credit Agreement (Midamerican Energy Co)

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Extension of the Termination Date. (a) During the period from July 1Not earlier than 60 days prior to, 2022 until the date that is nor later than 30 days prior to each of the then-applicable Termination Datefirst and second anniversaries of the date of this Agreement, the Borrower may request by written notice (an “Extension Request”) made to the Administrative Agent (which shall promptly notify the Lenders thereof) a one-year extensions extension of the Termination Date applicable to each LenderDate. Each Lender shall notify the Administrative Agent by the date that is 30 days after specified by the Administrative Agent provides (which date shall be a Business Day and shall not be less than 15 days prior to, nor more than 30 days prior to, the Lenders with written notice of the Borrower’s extension request Extension Effective Date) that either (A) such Lender declines to consent to extending the Termination Date or (B) such Lender consents to extending the Termination Date. Any Lender not responding within the above time period shall be deemed not to have declined consented to extend extending the Termination Date. The consent of a Lender to any such extension shall be in the sole discretion of such Lender. The Administrative Agent shall, after receiving the notifications from all of the Lenders or the expiration of such period, whichever is earlier, notify the Borrower and the Lenders of the results thereof. For the avoidance of doubt and subject to the terms and conditions set forth herein, the The Borrower may request an unlimited number of no more than two extensions pursuant to this Section.

Appears in 7 contracts

Samples: Credit Agreement (Southwestern Electric Power Co), Credit Agreement (Southwestern Electric Power Co), Credit Agreement (Southwestern Electric Power Co)

Extension of the Termination Date. (a) During the period from July 1Not earlier than 90 days prior to, 2022 until the date that is nor later than 30 days prior to to, each of the then-applicable Termination Datefirst two anniversaries of the date hereof, the Borrower may request by written notice (an “Extension Request”) made to the Administrative Agent (which shall promptly notify the Lenders thereof) a one-year extensions extension of the Termination Date applicable to each Lender. Each Lender shall notify the Administrative Agent by the date that is 30 days after specified by the Administrative Agent provides (which date shall be a Business Day and shall not be less than 15 days prior to, nor more than 30 days prior to, the Lenders with written notice of the Borrower’s extension request Extension Effective Date) that either (A) such Lender declines to consent to extending the Termination Date or (B) such Lender consents to extending the Termination Date. Any Lender not responding within the above time period shall be deemed to have declined to extend the Termination Date. The consent of a Lender to any such extension shall be in the sole discretion of such Lender. The Administrative Agent shall, after receiving the notifications from all of the Lenders or the expiration of such period, whichever is earlier, notify the Borrower and the Lenders of the results thereof. For the avoidance of doubt and subject to the terms and conditions set forth herein, the The Borrower may request an unlimited number of no more than two extensions pursuant to this Section.

Appears in 6 contracts

Samples: Credit Agreement (Pacificorp /Or/), Credit Agreement (Pacificorp /Or/), Credit Agreement (Pacificorp /Or/)

Extension of the Termination Date. (a) During the period from July 1Not earlier than 60 days prior to, 2022 until nor later than 60 days after each anniversary of the date that is 30 days prior to the then-applicable Termination Datehereof, the Borrower may request by written notice (an “Extension Request”) made to the Administrative Agent (which shall promptly notify the Lenders thereof) a one-year extensions extension of the Termination Date applicable to each Lender. Each Lender shall notify the Administrative Agent by the date that is 30 days after specified by the Administrative Agent provides (which date shall be a Business Day and shall not be less than 15 days prior to, nor more than 30 days prior to, the Lenders with written notice of the Borrower’s extension request Extension Effective Date) that either (A) such Lender declines to consent to extending the Termination Date or (B) such Lender consents to extending the Termination Date. Any Lender not responding within the above time period shall be deemed to have declined to extend the Termination Date. The consent of a Lender to any such extension shall be in the sole discretion of such Lender. The Administrative Agent shall, after receiving the notifications from all of the Lenders or the expiration of such period, whichever is earlier, notify the Borrower and the Lenders of the results thereof. For the avoidance of doubt and subject to the terms and conditions set forth herein, the The Borrower may request an unlimited number of no more than two extensions pursuant to this Section.

Appears in 5 contracts

Samples: Credit Agreement (Berkshire Hathaway Energy Co), Credit Agreement (Sierra Pacific Power Co), Credit Agreement (Nevada Power Co)

Extension of the Termination Date. (a) During the period from July 1, 2022 2021 until the date that is 30 days prior to the then-applicable Termination Date, the Borrower may request by written notice (an “Extension Request”) made to the Administrative Agent (which shall promptly notify the Lenders thereof) one-year extensions of the Termination Date applicable to each Lender. Each Lender shall notify the Administrative Agent by the date that is 30 days after the Administrative Agent provides the Lenders with written notice of the Borrower’s extension request that either (A) such Lender declines to consent to extending the Termination Date or (B) such Lender consents to extending the Termination Date. Any Lender not responding within the above time period shall be deemed to have declined to extend the Termination Date. The consent of a Lender to any such extension shall be in the sole discretion of such Lender. The Administrative Agent shall, after receiving the notifications from all of the Lenders or the expiration of such period, whichever is earlier, notify the Borrower and the Lenders of the results thereof. For the avoidance of doubt and subject to the terms and conditions set forth herein, the Borrower may request an unlimited number of extensions pursuant to this Section.

Appears in 5 contracts

Samples: Credit Agreement (Midamerican Energy Co), Credit Agreement (Midamerican Energy Co), Credit Agreement (Midamerican Energy Co)

Extension of the Termination Date. (a) During the period from July 1, 2022 2018 until the date that is 30 days prior to the then-applicable Termination Date, the Borrower may request by written notice (an “Extension Request”) made to the Administrative Agent (which shall promptly notify the Lenders thereof) a one-year extensions extension of the Termination Date applicable to each Lender. Each Lender shall notify the Administrative Agent by the date that is 30 days after the Administrative Agent provides the Lenders with written notice of the Borrower’s extension request that either (A) such Lender declines to consent to extending the Termination Date or (B) such Lender consents to extending the Termination Date. Any Lender not responding within the above time period shall be deemed to have declined to extend the Termination Date. The consent of a Lender to any such extension shall be in the sole discretion of such Lender. The Administrative Agent shall, after receiving the notifications from all of the Lenders or the expiration of such period, whichever is earlier, notify the Borrower and the Lenders of the results thereof. For the avoidance of doubt and subject to the terms and conditions set forth herein, the The Borrower may request an unlimited number of extensions no more than one extension pursuant to this Section.

Appears in 4 contracts

Samples: Credit Agreement (Pacificorp /Or/), Credit Agreement (Pacificorp /Or/), Credit Agreement (Pacificorp /Or/)

Extension of the Termination Date. (a) During the period from July 1Not earlier than 60 days prior to, 2022 until the date that is nor later than 30 days prior to the then-applicable Termination Datefirst anniversary of the date of this Agreement, the Borrower may request by written notice (an “Extension Request”) made to the Administrative Agent (which shall promptly notify the Lenders thereof) a one-year extensions extension of the Termination Date applicable to each LenderDate. Each Lender shall notify the Administrative Agent by the date that is 30 days after specified by the Administrative Agent provides (which date shall be a Business Day and shall not be less than 15 days prior to, nor more than 30 days prior to, the Lenders with written notice of the Borrower’s extension request Extension Effective Date) that either (A) such Lender declines to consent to extending the Termination Date or (B) such Lender consents to extending the Termination Date. Any Lender not responding within the above time period shall be deemed not to have declined consented to extend extending the Termination Date. The consent of a Lender to any such extension shall be in the sole discretion of such Lender. The Administrative Agent shall, after receiving the notifications from all of the Lenders or the expiration of such period, whichever is earlier, notify the Borrower and the Lenders of the results thereof. For the avoidance of doubt and subject to the terms and conditions set forth herein, the The Borrower may request an unlimited number of extensions no more than one extension pursuant to this Section.

Appears in 3 contracts

Samples: Credit Agreement (Ohio Power Co), Credit Agreement (AEP Texas Inc.), Credit Agreement (Southwestern Electric Power Co)

Extension of the Termination Date. (a) During the period from July 1Not earlier than 60 days prior to, 2022 until the date that is nor later than 30 days prior to the then-applicable Termination DateMarch 30 of each year, the Borrower may request by written notice (an “Extension Request”) made to the Administrative Agent (which shall promptly notify the Lenders thereof) a one-year extensions extension of the Termination Date applicable to each LenderDate. Each Lender shall notify the Administrative Agent by the date that is 30 days after specified by the Administrative Agent provides (which date shall be a Business Day and shall not be less than 15 days prior to, nor more than 30 days prior to, the Lenders with written notice of the Borrower’s extension request Extension Effective Date) that either (A) such Lender declines to consent to extending the Termination Date or (B) such Lender consents to extending the Termination Date. Any Lender not responding within the above time period shall be deemed not to have declined consented to extend extending the Termination Date. The consent of a Lender to any such extension shall be in the sole discretion of such Lender. The Administrative Agent shall, after receiving the notifications from all of the Lenders or the expiration of such period, whichever is earlier, notify the Borrower and the Lenders of the results thereof. For the avoidance of doubt and subject to the terms and conditions set forth herein, the The Borrower may request an unlimited number of no more than two extensions pursuant to this Section.

Appears in 2 contracts

Samples: Credit Agreement (American Electric Power Co Inc), Credit Agreement (American Electric Power Co Inc)

Extension of the Termination Date. (a) During the period from July 1Not earlier than 60 days prior to, 2022 until the date that is nor later than 30 days prior to each anniversary of the then-applicable Termination Datedate hereof, the Borrower may request by written notice (an “Extension Request”) made to the Administrative Agent (which shall promptly notify the Lenders thereof) a one-year extensions extension of the Termination Date applicable to each Lender. Each Lender shall notify the Administrative Agent by the date that is 30 days after specified by the Administrative Agent provides (which date shall be a Business Day and shall not be less than 15 days prior to, nor more than 30 days prior to, the Lenders with written notice of the Borrower’s extension request Extension Effective Date) that either (A) such Lender declines to consent to extending the Termination Date or (B) such Lender consents to extending the Termination Date. Any Lender not responding within the above time period shall be deemed to have declined to extend the Termination Date. The consent of a Lender to any such extension shall be in the sole discretion of such Lender. The Administrative Agent shall, after receiving the notifications from all of the Lenders or the expiration of such period, whichever is earlier, notify the Borrower and the Lenders of the results thereof. For the avoidance of doubt and subject to the terms and conditions set forth herein, the The Borrower may request an unlimited number of no more than two extensions pursuant to this Section.

Appears in 2 contracts

Samples: Credit Agreement (Pacificorp /Or/), Credit Agreement (Midamerican Energy Holdings Co /New/)

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Extension of the Termination Date. (a) During the period from July 1Not earlier than 60 days prior to, 2022 until the date that is nor later than 30 days prior to each anniversary of the then-applicable Termination Closing Date, the Borrower may request by written notice (an “Extension Request”) made to the Administrative Agent (which shall promptly notify the Lenders thereof) a one-year extensions extension of the Termination Date applicable to each LenderDate. Each Lender shall notify the Administrative Agent by the date that is 30 days after specified by the Administrative Agent provides (which date shall be a Business Day and shall not be less than 15 days prior to, nor more than 30 days prior to, the Lenders with written notice of the Borrower’s extension request Extension Effective Date) that either (A) such Lender declines to consent to extending the Termination Date or (B) such Lender consents to extending the Termination Date. Any Lender not responding within the above time period shall be deemed not to have declined consented to extend extending the Termination Date. The consent of a Lender to any such extension shall be in the sole discretion of such Lender. The Administrative Agent shall, after receiving the notifications from all of the Lenders or the expiration of such period, whichever is earlier, notify the Borrower and the Lenders of the results thereof. For the avoidance of doubt and subject to the terms and conditions set forth herein, the The Borrower may request an unlimited number of no more than two (2) extensions pursuant to this Section.

Appears in 1 contract

Samples: Credit Agreement (Ohio Power Co)

Extension of the Termination Date. (a) During the period from July 1Not earlier than 60 days prior to, 2022 until the date that is nor later than 30 days prior to each anniversary of the then-applicable Termination Restatement Effective Date (each, an “Anniversary Date”), the Borrower may request by written notice (an “Extension Request”) made to the Administrative Agent (which shall promptly notify the Lenders thereof) a one-year extensions extension of the Termination Date applicable to each LenderDate. Each Lender shall notify the Administrative Agent by the date that is 30 days after specified by the Administrative Agent provides (which date shall be a Business Day and shall not be less than 15 days prior to, nor more than 30 days prior to, the Lenders with written notice of the Borrower’s extension request Anniversary Date) that either (A) such Lender declines to consent to extending the Termination Date or (B) such Lender consents to extending the Termination Date. Any Lender not responding within the above time period shall be deemed not to have declined consented to extend extending the Termination Date. The consent of a Lender to any such extension shall be in the sole discretion of such Lender. The Administrative Agent shall, after receiving the notifications from all of the Lenders or the expiration of such period, whichever is earlier, notify the Borrower and the Lenders of the results thereof. The Borrower may request no more than two (2) extensions of the Termination Date pursuant to this Section following the Restatement Effective Date. For the avoidance of doubt and subject to doubt, at no time may the terms and conditions set forth herein, the Borrower may request an unlimited number term of extensions pursuant to this SectionAgreement exceed five (5) years.

Appears in 1 contract

Samples: Credit Agreement (Ohio Power Co)

Extension of the Termination Date. (a) During the period from July 1Not earlier than 60 days prior to, 2022 until the date that is nor later than 30 days prior to each of the then-applicable Termination first and second anniversaries of the date of this Agreementanniversary of the Restatement Effective Date, the Borrower may request by written notice (an “Extension Request”) made to the Administrative Agent (which shall promptly notify the Lenders thereof) a one-year extensions extension of the Termination Date applicable to each LenderDate. Each Lender shall notify the Administrative Agent by the date that is 30 days after specified by the Administrative Agent provides (which date shall be a Business Day and shall not be less than 15 days prior to, nor more than 30 days prior to, the Lenders with written notice of the Borrower’s extension request Extension Effective Date) that either (A) such Lender declines to consent to extending the Termination Date or (B) such Lender consents to extending the Termination Date. Any Lender not responding within the above time period shall be deemed not to have declined consented to extend extending the Termination Date. The consent of a Lender to any such extension shall be in the sole discretion of such Lender. The Administrative Agent shall, after receiving the notifications from all of the Lenders or the expiration of such period, whichever is earlier, notify the Borrower and the Lenders of the results thereof. For the avoidance of doubt and subject to the terms and conditions set forth herein, the The Borrower may request an unlimited number of extensions no more than two extensionsone extension pursuant to this Section.

Appears in 1 contract

Samples: Credit Agreement (AEP Texas Inc.)

Extension of the Termination Date. (a) During the period from July 1Not earlier than 60 days prior to, 2022 until the date that is nor later than 30 days prior to each anniversary of the then-applicable Termination Restatement Effective Date (each, an “Anniversary Date”), the Borrower may request by written notice (an “Extension Request”) made to the Administrative Agent (which shall promptly notify the Lenders thereof) a one-year extensions extension of the Termination Date applicable to each LenderDate. Each Lender shall notify the Administrative Agent by the date that is 30 days after specified by the Administrative Agent provides (which date shall be a Business Day and shall not be less than 15 days prior to, nor more than 30 days prior to, the Lenders with written notice of the Borrower’s extension request Anniversary Date) that either (A) such Lender declines to consent to extending the Termination Date or (B) such Lender consents to extending the Termination Date. Any Lender not responding within the above time period shall be deemed not to have declined consented to extend extending the Termination Date. The consent of a Lender to any such extension shall be in the sole discretion of such Lender. The Administrative Agent shall, after receiving the notifications from all of the Lenders or the expiration of such period, whichever is earlier, notify the Borrower and the Lenders of the results thereof. The Borrower may request no more than two (2) extensions of the Termination Date pursuant to this Section following the Restatement Effective Date. For the avoidance of doubt and subject to doubt, at no time may the terms and conditions set forth herein, the Borrower may request an unlimited number term of extensions pursuant to this SectionAgreement exceed three (3) years.

Appears in 1 contract

Samples: Credit Agreement (Ohio Power Co)

Extension of the Termination Date. (a) During the period from July 1Not earlier than 60 days prior to, 2022 until the date that is nor later than 30 days prior to each anniversary of the then-applicable Termination Restatement Effective Date, the Borrower may request by written notice (an “Extension Request”) made to the Administrative Agent (which shall promptly notify the Lenders thereof) a one-year extensions extension of the Termination Date applicable to each LenderDate. Each Lender shall notify the Administrative Agent by the date that is 30 days after specified by the Administrative Agent provides (which date shall be a Business Day and shall not be less than 15 days prior to, nor more than 30 days prior to, the Lenders with written notice of the Borrower’s extension request Extension Effective Date) that either (A) such Lender declines to consent to extending the Termination Date or (B) such Lender consents to extending the Termination Date. Any Lender not responding within the above time period shall be deemed not to have declined consented to extend extending the Termination Date. The consent of a Lender to any such extension shall be in the sole discretion of such Lender. The Administrative Agent shall, after receiving the notifications from all of the Lenders or the expiration of such period, whichever is earlier, notify the Borrower and the Lenders of the results thereof. For the avoidance of doubt and subject to the terms and conditions set forth herein, the The Borrower may request an unlimited number of no more than two (2) extensions pursuant to this Section.

Appears in 1 contract

Samples: Credit Agreement (Ohio Power Co)

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