Common use of Extension of the Termination Date Clause in Contracts

Extension of the Termination Date. (a) The Borrower shall have the option to request extensions of the Maturity Date for two (2) additional one-year periods beyond the Maturity Date, as such term may be amended pursuant to Section 2.16(b) (each, an “Extension”), subject to the requirements of Section 2.16(a)-(d) and provided that in connection with such Extension:

Appears in 7 contracts

Samples: Bank Credit Agreement (Tennessee Valley Authority), September Maturity Credit Agreement (Tennessee Valley Authority), Credit Agreement (Tennessee Valley Authority)

AutoNDA by SimpleDocs

Extension of the Termination Date. (a) The Borrower shall have the option to request extensions of the Maturity Date for two (2) additional one-year periods beyond the Maturity Date, as such term may be amended pursuant to Section 2.16(b) (each, an “Extension”), subject to the requirements of Section 2.16(a)-(d2.16 (a)-(d) and provided that in connection with such Extension:

Appears in 1 contract

Samples: Credit Agreement (Tennessee Valley Authority)

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