Permitted Extension means an extension of a Scheduled Contract Payment in the ordinary course of business for reasons unrelated to an Obligor's creditworthiness for a period not to exceed 2 months.

Permitted Extension means an extension, an amendment or a replacement (whether effected through entry into new agreements and instruments or amendment of existing agreements and instruments, and whether with the same or different lenders) of the Interim Credit Agreement through a date not later than November 1, 2006, so long as (i) the aggregate availability thereunder does not exceed $3.0 billion, (ii) the terms thereof (other than the interest rates and other fees applicable thereunder) shall be substantially similar to those of the Interim Credit Agreement, (iii) the loans outstanding thereunder may be prepaid without premium or penalty, other than customary “breakage” fees associated with the prepayment of short-term loans on which interest accrues at rates based on the rates quoted in inter-bank markets and (iv) the facility is unsecured;

Permitted Extension shall have the meaning set forth in Section 5.6.

Examples of Permitted Extension in a sentence

On the date of receipt by Company of the cash proceeds (net of underwriting discounts and commissions and other reasonable costs associated therewith) from the issuance of Permitted Extension Indebtedness with respect to a Financed Aircraft, Company shall prepay, without premium or penalty (other than pursuant to subsection 2.6D), the Loans in an amount equal to such net cash proceeds.
In addition, Holdings and its Subsidiaries shall not amend or modify any Permitted Extension Indebtedness or Other Permitted Indebtedness if such amendment or modification would have resulted in such Indebtedness not constituting Permitted Extension Indebtedness or Other Permitted Indebtedness when incurred had such amendment or modification been effective at such time.
NewPageCo may, by written notice to the Administrative Agent, make an offer (each, an “Extension Offer”) to all Lenders in connection with one or more Permitted Extension Amendments pursuant to procedures specified by the Administrative Agent and reasonably acceptable to NewPageCo. Such notice shall be reasonably satisfactory to the Administrative Agent and shall set forth the terms and conditions of the requested Permitted Extension Amendment.
Without the consent of any other Lenders, the Administrative Agent may effect such amendments to this Agreement and the other Credit Documents as may be necessary or appropriate, as determined by the Administrative Agent, to effect any Permitted Extension Amendment.
Permitted Extension Amendments shall become effective only with respect to the Loans and Revolving Commitments of the Lenders that accept the applicable Extension Offer (such Lenders, the “Accepting Lenders”).
On the date of receipt by Company of the cash proceeds (net of underwriting discounts and commissions and other reasonable costs associated therewith) from the issuance of Permitted Extension Indebtedness with respect to a Financed Aircraft, Company shall prepay, without premium or penalty -41- 49 (other than pursuant to subsection 2.6D), the Loans in an amount equal to such net cash proceeds.

More Definitions of Permitted Extension

Permitted Extension as defined in Section 2.24(a).

Permitted Extension shall have the meaning set forth in Section 8.01.

Permitted Extension means, with respect any given Milestone or the Guaranteed Commercial Operation Date, a day-for-day extension to such Milestone or Guaranteed Commercial Operation Date due to Seller’s inability, as a result of events beyond Seller’s reasonable control, to either (i) interconnect the Gen-Tie Line with the Colstrip Transmission System or (ii) obtain any permit,

Related to Permitted Extension

Debt service extension base means an amount equal to that
Second Extension Period means a period of twelve (12) consecutive months following the First Extended Maturity Date.
Line Extension means the provision of facilities (including, but not limited to, poles, fixtures, wires, and appurtenances) necessary for delivering electrical energy from the point of origin to one or more of the customer's points of delivery. Facilities provided by the Company to maintain, protect, upgrade, or improve its overall distribution system (even if necessary due to a customer's load addition) are not considered part of a line extension.
Non-Extension Advance means an Advance made pursuant to Section 2.02(b).
Initial Extension of Credit means the earlier to occur of the initial Borrowing and the initial issuance of a Letter of Credit hereunder.
Non-Extension Drawing has the meaning specified in Section 3.5(d).
Non-Extended Facility has the meaning assigned to such term in Section 3.6(d).
Grace Period Extension Date means, if:
Extension Term means the time period defined in §2.C.
Non-Extension Notice has the meaning specified in Section 2.10.
Auto-Extension Letter of Credit has the meaning specified in Section 2.03(b)(iii).
Non-Extending Bank has the meaning set forth in Section 2.09(a) hereof.
Extension Effective Date has the meaning specified in Section 2.06(c).
Non-Extension Notice Date has the meaning specified in Section 2.03(b)(iii).
Service Extension shall have the meaning set forth in Section 7.1(c).
Extension Conditions Defined in Section 3.06(a).
First Extension Period means a period of twelve (12) consecutive months following the Initial Maturity Date.
Second Extension Option shall have the meaning set forth in Section 2.6.1 hereof.
Increased Facility Closing Date any Business Day designated as such in an Increased Facility Activation Notice.
Resolution Extension Period As defined in Section 2.03(b).
Second Extended Maturity Date has the meaning set forth in Section 2.10.
Extension Date has the meaning specified in Section 2.19(b).
Minimum Extension Condition has the meaning assigned to such term in Section 2.23(b).
Non-Extending Lender has the meaning specified in Section 2.18(b).
Extension Agreement shall have the meaning provided in Section 2.15(c).

Permitted Extension definition

Filter & Search

Related Definitions

Related to Permitted Extension