Request for an Extension. The Principal Borrower may, by written notice to the Administrative Agent (who shall promptly notify the Lenders) not earlier than ninety (90) days and not later than sixty (60) days prior to # the original Maturity Date with respect to the Revolving Credit Facility, request that the Lenders extend the Maturity Date with respect to the Revolving Credit Facility for an additional six (6) months to (the “First Extended Revolving Maturity Date”), and # the First Extended Revolving Maturity Date, request that the Lenders extend the Maturity Date with respect to the Revolving Credit Facility for an additional six (6) months to , in each case so long as no Default exists at the time of such request.
Request for an Extension. The Principal Borrower may, by written notice to the Administrative Agent (who shall promptly notify the Lenders) not earlier than ninety (90) days and not later than sixty (60) days prior to # the original Maturity Date with respect to the Revolving Credit Facility, request that the Lenders extend the Maturity Date with respect to the Revolving Credit Facility for an additional six (6) months to (the “First Extended Revolving Maturity Date”), and # the First Extended Revolving Maturity Date, request that the Lenders extend the Maturity Date with respect to the Revolving Credit Facility for an additional six (6) months to , in each case so long as no Default exists at the time of such request..
Request for an Extension. The Principal Borrower may, up to two (2) times with respect to the Revolving Credit Facility, by written notice to the Administrative Agent (who shall promptly notify the Lenders)(such notice, an “Extension Notice”) not earlier than ninety (90) days and not later than sixty (60)thirty (30) days prior to # the original Maturity Date with respect tothen in effect for the Revolving Credit Facility,Facility (the “Existing Maturity Date”), request that the LendersRevolving Credit extend the then Existing Maturity Date with respect to the Revolving Credit Facility for an additional six (6) months to (the “First Extended Revolvingfrom such Existing Maturity Date”), and # the First Extended Revolving Maturity Date, request that the Lenders extend the Maturity Date with respectDate. The Administrative Agent shall distribute any such Extension Notice to the Revolving Credit Facility for an additional six (6) months to , in each case so long as no Default exists at the time of such request. promptly following its receipt thereof.
Request for an Extension.SECTION # Extensions. (a) The Principal Borrower may, at any time or from time to time but not more than twice during the term of this Agreement, by written notice to the Administrative Agent (who(which shall promptly notifydeliver a copy to each of the Lenders), given not earlierless than ninety (90) days and not later than sixty (60)30 days prior to # the original Maturity Date with respect to the Revolving Credit Facility,at any time in effect, request (each, a “Maturity Date Extension Request”) that the Lenders extend the Maturity Date with respect to the Revolving Credit Facility for an additional six (6) monthsone-year period (each, an “Extension”); provided that after giving effect to (the “First Extendedany such Extension, the period of time remaining prior to the Maturity Date (as so extended) shall not exceed five years from the effective date of such Extension. Each Lender shall, by notice to the Borrower and the Administrative Agent given not later than the 20th day after the date of the Administrative Agent’s receipt of the Maturity Date Extension Request, advise the Borrower and the Administrative Agent whether or not it agrees to the requested Extension (each Lender agreeing to a requested Extension being called an “Extending Lender”, and each Lender declining to agree to a requested Extension being called a “Non-Extending Lender”). Any Lender that has not so advised the Borrower and the Administrative Agent by such day shall be deemed to have declined to agree to the requested Extension and shall be a Non-Extending Lender. If Lenders constituting the Required Lenders shall have agreed to a Maturity Date Extension Request, then the Maturity Date shall, solely as to the Extending Lenders, be extended by one year to the anniversary of the Maturity Date theretofore in effect. The decision to agree or withhold agreement to any Maturity Date Extension Request shall be at the sole discretion of each Lender. The Revolving Commitment of each Non-Extending Lender shall terminate on the Maturity Date in effect prior to giving effect to the applicable Extension (such Maturity Date being called the “Existing Maturity Date”),. The principal amount of any outstanding Loans made by Non-Extending Lenders, together with any accrued interest thereon and any accrued fees and other amounts payable to or for the account of such Non-Extending Lenders hereunder, shall be due and payable on the Existing Maturity Date, and on the Existing Maturity Date the Borrower shall also make such other prepayments of the Loans pursuant to [Section 2.10] as shall be required in order that, after giving effect to the termination of the Revolving Commitments of, and all payments to, Non-Extending Lenders pursuant to this sentence, # no Lender’s Revolving Exposure shall exceed such Lender’s Revolving Commitment and # the First ExtendedAggregate Revolving Maturity Date, request thatExposure shall not exceed the Lenders extend the Maturity Date with respect to theAggregate Revolving Credit Facility for an additional six (6) months to , in each case so long as no Default exists at the time of such request.Commitment.
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