If (and only if) Lenders holding Commitments that aggregate more than 50% of the total Commitments on the 20th day after the date of the Extension Letter shall have agreed to extend the Maturity Date, then the Maturity Date applicable to the Lenders that shall so have agreed shall be the first anniversary of the current Maturity Date. In the event of such extension, the Commitment of each Non-extending Lender shall terminate on the Maturity Date in effect prior to such extension, all Loans and other amounts payable hereunder to such Non-extending Lenders shall become due and payable on such Maturity Date and the total Commitment of the Lenders hereunder shall be reduced by the Commitments of Non-extending Lenders so terminated on such Maturity Date.
(i) If (and only if) Lenders holding Commitments that aggregate more than 50% of the total Commitments on the 20th day after the date of the Extension Letter shall not have agreed to extend the Maturity Date, then the Maturity Date applicable toshall not be so extended and the Lenders that shall so have agreed shall be the first anniversaryoutstanding principal balance of the current Maturity Date. In the event of such extension, the Commitment of each Non-extending Lender shall terminate on the Maturity Date in effect prior to such extension, all Loans and other amounts payable hereunder to such Non-extending Lenders shall become due andbe payable on such Maturity Date and the total Commitment of the Lenders hereunder shall be reduced by the Commitments of Non-extending Lenders so terminated on such Maturity Date.
If (and only if) Lenders, by the Response Date, holding Commitments that aggregate more than 50% of the total Commitments on the 20th day after the date of the Extension Letter shall have agreed to extend the Existing Maturity Date (each such consenting Lender, an “Extending Lender”), then effective as of the Existing Maturity Date, then the Maturity Date applicable to the Lenders that shall so have agreedfor such Extending shall be extended to the first anniversary of the currentExisting Maturity Date.Date (subject to satisfaction of the conditions set forth in [Section 2.25(d)]. In the event of such extension, the Commitment of each Non-extendingExtending Lender shall terminate on the Existing Maturity Date in effect for such Non-Extending Lender prior to such extension,extension and the outstanding principal balance of all Loans and other amounts payable hereunder to such Non-extending LendersExtending Lender shall become due and payable on such Existing Maturity Date andand, subject to [Section 2.25(c)] below, the total Commitment of the LendersCommitments hereunder shall be reduced by the Commitments of the Non-extending LendersExtending so terminated on such Existing Maturity Date.
If (and only if) Lenders holding Commitments that aggregate more than 50%effective as of the total Commitments on the 20th day after the date of the Extension Letter shall have agreed to extend theExisting Maturity Date, then the Maturity Date applicable to the Lenders that shall so have agreedfor such Extending shall be extended to the first anniversary of the currentExisting Maturity Date.Date (subject to satisfaction of the conditions set forth in [Section 2.25(d)]. In the event of such extension, the Commitment of each Non-extendingExtending Lender shall terminate on the Existing Maturity Date in effect for such Non-Extending Lender prior to such extension,extension and the outstanding principal balance of all Loans and other amounts payable hereunder to such Non-extending LendersExtending Lender shall become due and payable on such Existing Maturity Date andand, subject to [Section 2.25(c)] below, the total Commitment of the LendersCommitments hereunder shall be reduced by the Commitments of the Non-extending LendersExtending so terminated on such Existing Maturity Date.
Minimum Extension Requirement. If (and only if) Lenders holdingthe total of the Commitments of the that aggregatehave agreed so to extend their Maturity Date (each, an “Extending Lender”) and the additional Commitments of the Additional Commitment shall be more than 50% of the total Commitments on the 20th day after the dateaggregate amount of the Extension Letter shall have agreedCommitments in effect immediately prior to extend the Maturityapplicable anniversary of the Closing Date, thenthen, effective as of such anniversary of the Closing Date, the Maturity Date applicableof each Extending Lender and of each Additional Commitment Lender shall be extended to the Lenders that shalldate falling one year after the then effective Existing Maturity Date (except that, if such date is not a Business Day, such Maturity Date as so have agreedextended shall be the first anniversary of the current Maturity Date. In the event of such extension, thenext preceding Business Day) and each Additional Commitment of each Non-extending Lender shall terminate on the Maturity Date in effect prior to such extension,thereupon become a “Lender” for all Loans and other amounts payable hereunder to such Non-extending Lenders shall become due and payable on such Maturity Date and the total Commitmentpurposes of the Lenders hereunder shall be reduced by the Commitments of Non-extending Lenders so terminated on such Maturity Date.this Agreement.
If (and only if) Lenders(i) If, by the Response Date, holding Commitments that aggregate 50% or more than 50% of the total Commitments on the 20th day after the date of the Extension Letter shall have agreed to extend the Maturity Date,constitute Non-Extending , then the Existing Maturity Date applicable toshall not be extended and the Lenders that shall so have agreed shall be the first anniversaryoutstanding principal balance of the current Maturity Date. In the event of such extension, the Commitment of each Non-extending Lender shall terminate on the Maturity Date in effect prior to such extension, all Loans and other amounts payable hereunder to such Non-extending Lenders shall become duebe payable, and payablethe Commitments shall terminate, on suchthe Existing Maturity Date andin effect prior to the total Commitment of the Lenders hereunder shall be reduced by the Commitments of Non-extending Lenders so terminated on such Maturity Date.Extension Request.
Minimum Extension Requirement. If (and only if) Lenders holding Commitments that aggregate more than 50%the total of the total Commitments on the 20th day after the date of the Extension Letter shall have agreed to extend the Maturity Date, then the Maturity Date applicable to the Lenders that shall so have agreed so to extend their Current Maturity Date (each, an “Extending Lender”) shall be more than fifty percent (50%) of the Aggregate Commitments in effect immediately prior to the applicable Anniversary Date, then, subject to the satisfaction of the conditions set forth in [Section 2.14(f)], effective as of the applicable Anniversary Date, the Scheduled Maturity Date of each Extending Lender shall be extended to the date falling one year after the Current Maturity Date of each Extending Lender (except that, if such date is not a Business Day, such Scheduled Maturity Date as so extended shall be the first anniversary of the current Maturity Date. In the event of such extension, the Commitment of each Non-extending Lender shall terminate on the Maturity Date in effect prior to such extension, all Loans and other amounts payable hereunder to such Non-extending Lenders shall become due and payable on such Maturity Date and the total Commitment of the Lenders hereunder shall be reduced by the Commitments of Non-extending Lenders so terminated on such Maturity Date.immediately preceding Business Day).
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