Extension of Stated Maturity Date

Example Definitions of "Extension of Stated Maturity Date"
Extension of Stated Maturity Date. Upon the request of the Borrower, the Stated Maturity Date may automatically be extended on March 31, 2007 for a period of one year to March 31, 2008; provided that, if the Borrower wishes to request an extension of the Stated Maturity Date, it shall (a) give written notice to that effect to the Administrative Agent prior to February 28, 2007 and (b) together with such notice, the Borrower will pay an extension fee of $30,000 to the Administrative Agent payable ratably to each Lender based on... such Lender's LC Percentage View More
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