Extension Requests. The Borrower may, not more than two (2) times, by notice to the Administrative Agent (which shall promptly notify each Lender) not earlier than 60 and not later than 30 days prior to any anniversary of the Effective Date (each, an “Anniversary Date”), request that each Lender extend such Lender’s scheduled Termination Date then in effect (the “Existing Termination Date”) for an additional year from the Existing Termination Date, it being understood that the Termination Date shall not be later than the seventh anniversary of the Effective Date as a result of any such request.
Extension Requests. Borrower may request a one-year extension of the Facility Maturity Date by submitting a request for an extension to Administrative Agent no more than 48 months nor less than 46 months prior to the then scheduled Facility Maturity Date. At the time of or prior to the delivery of such request, Borrower shall propose to Administrative Agent the amount of the fees that Borrower agrees to pay with respect to such one-year extension if approved by Lenders (such request for an extension, together with the fee proposal, being herein referred to as the "Extension Request"). Promptly upon (but not later than five (5) Business Days after) receipt of the Extension Request, Administrative Agent shall notify each Lender of the contents thereof and shall request each Lender to approve the Extension Request. Each Lender approving the Extension Request shall deliver its written approval no later than sixty (60) days after the date of the Extension Request. If the approval of all Lenders is received by Administrative Agent within sixty (60) days after the date of the Extension Request (or as otherwise provided in Section 2.21(b)), Administrative Agent shall promptly so notify Borrower and each Lender, and the Facility Maturity Date shall be extended by one (1) year, and in such event Borrower may thereafter request further extension(s) of the then scheduled Facility Maturity Date in accordance with this Section 2.21. If any Lender does not deliver to Administrative Agent such Lender's written approval to any Extension Request within sixty (60) days after the date of such Extension Request, the Facility Maturity Date shall not be extended, except as otherwise provided in Section 2.21(b) or 2.21(c).
Extension Requests. The Company may, by written notice to the Administrative Agent (which shall promptly deliver a copy thereof to each Lender) given not less than thirty (30) days and not more than ninety (90) days prior to each of the first and second anniversaries of the Effective Date, request a one-year extension of the Maturity Date then in effect (the Maturity Date then in effect being called the “Existing Termination Date”). Each Lender shall, by written notice to the Company and the Administrative Agent given not later than the twentieth (20th) day after the Administrative Agent’s receipt of the applicable extension request, advise the Company and the Administrative Agent whether it agrees to such extension (each Lender agreeing to the applicable requested extension being called an “Extending Lender”, and each Lender declining to agree to the applicable requested extension being called a “Non-Extending Lender”). Any Lender that has not so advised the Company and the Administrative Agent by such day shall be deemed to have declined to agree to such extension and shall be a Non-Extending Lender. If Required Lenders (including, for purposes of this calculation, each Lender that agrees to replace a Non-Extending Lender in accordance with Section 2.24(b)) agree to the applicable extension request, then the Maturity Date shall, as to the Extending Lenders, be extended to the first anniversary of the Existing Termination Date. The decision of any Lender to agree or withhold agreement to either such extension request shall be at the sole discretion of such Lender.
Extension Requests. (a) The Borrower may, on not more than two occasions during the term of this Agreement, request extensions of the Commitments and Loans of all the Lenders (or, if the Commitments or Loans of any Lenders shall theretofore have been extended pursuant to this Section 2.18, of all the Lenders whose Commitments or Loans terminate on a particular date) by written notice to the Administrative Agent requesting that such Lenders enter into an Extension Permitted Amendment (each such request being called an “Extension Request”), and the Administrative Agent shall promptly communicate such request to the applicable Lenders. Each Extension Request shall set forth (i) the terms and conditions of the requested Extension Permitted Amendment (which shall be the same for all Lenders receiving the applicable Extension Request) and (ii) the date on which such Extension Permitted Amendment is requested to become effective (which shall not be less than 10 Business Days or more than 30 Business Days after the date of such notice, unless otherwise agreed to by the Administrative Agent). Extension Permitted Amendments shall become effective only with respect to the Loans and Commitments of the Lenders that accept the applicable Extension Request (such Lenders, the “Extending Lenders”) and, in the case of any Extending Lender, only with respect to such Lender’s Loans and Commitments as to which such Lender’s acceptance has been made. Each Lender may in its sole discretion accept or reject any Extension Request.
Extension Requests. Should the Purchaser request an extension to any date for any condition that is enuring for the Purchaser’s benefit, then the Purchaser must pay the Vendor’s Legal Representative a fee of $110.00 (inclusive of GST) (“Extension Request Fee”) for each and every time an extension is requested .This Extension Request Fee must be allowed by the Purchaser to the Vendor in the Statement of Adjustments. The Purchaser acknowledges that the Extension Request Fee is a reasonable pre-estimate of additional legal costs incurred by the Vendor as a result of the Vendor’s Legal Representative having to facilitate the extension request.
Extension Requests. The Servicer may request an extension for the completion of repairs if the work will not be completed within the allotted time outlined in the escrow agreement. Written requests for an extension are to be submitted within 5 business days before the original deadline. Extension requests must explain why the escrowed items were not completed, including a list of incomplete items with a recommended completion date. Any funds remaining in the escrow will be paid to the borrower if the repairs are complete, the loan is current and the escrow was funded from the borrower’s own funds. If the escrow was funded from the loan proceeds, the funds will be used as a principal reduction on the loan if the loan is current. If the escrow is funded from both the loan proceeds and the borrower’s funds, the loan proceeds may be used first. For additional information on Reserve Replacement, Operating/Rent- Up Reserves, and Completion Escrows refer to AHFC MULTI-FAMILY LOAN PURCHASE PROGRAM, PART IV – RESERVE AND ESCROW ACCOUNTS. Equity Extraction Escrow: Equity Extraction Escrows funds are held for the purpose of purchasing another property within the required time of the agreement. The Servicer must maintain in its individual file all appropriate documentation relating to the purchase and actions taken.
Extension Requests. Borrower may request Lenders to extend the Revolving Loan Maturity Date for additional 364-day periods. Borrower shall request each such extension by appropriately completing, executing and delivering to Administrative Agent a written request in the form of Exhibit B (an “Extension Request”) on or before the last Business Day which is sixty (60) days prior to the Revolving Loan Maturity Date. The Extension Request shall be given to Administrative Agent by first-class mail or facsimile to the office or the facsimile number and during the hours specified in Paragraph 8.01; provided, however, that Borrower shall promptly deliver to Administrative Agent the original of the Extension Request if initially delivered by facsimile. Administrative Agent shall promptly deliver to each Lender three (3) copies of any Extension Request received by Administrative Agent. (b)
Extension Requests. (a) The Borrower may, on not more than two occasions during the term of this Agreement, request extensions of the Loans of all the Lenders (or, if the Loans of any Lenders shall theretofore have been extended pursuant to this Section 2.17, of all the Lenders whose Loans mature on a particular date) by written notice to the Administrative Agent requesting that such Lenders enter into an Extension Permitted Amendment (each such request being called an
Extension Requests. On or before the last Business Day which is sixty (60) days prior to the Maturity Date, Borrowers may request Lenders to extend the Maturity Date for an additional two-year period. Borrowers shall request such an extension by appropriately completing, executing and delivering to Agent a written request in the form of Exhibit F (an "Extension Request"). The Extension Request shall be given to Agent by first-class mail or facsimile to the office or the facsimile number and during the hours specified in Paragraph 8.01; provided, however, that Borrowers shall promptly deliver to Agent the original of the Extension Request if initially delivered by facsimile. Agent shall promptly deliver to each Lender three (3) copies of any Extension Request received by Agent.
Extension Requests. The Borrower may request the extension of the Initial Commitment Termination Date to the date that is two years after the date of this Agreement (the “Second Commitment Termination Date”) by delivering a notice of extension request to the Administrative Agent at least 90 days, but no more than 120 days, before the Initial Commitment Termination Date. If the Initial Commitment Termination Date is extended to the Second Commitment Termination Date in accordance with the terms hereof, thereafter, the Borrower may request the extension of the Second Commitment Termination Date to the date that is three years after the date of this Agreement (the “Third Commitment Termination Date”) by delivering a notice of extension request to the Administrative Agent at least 90 days, but no more than 120 days, before the Second Commitment Termination Date. If the Second Commitment Termination Date is extended to the Third Commitment Termination Date in accordance with the terms hereof, thereafter, the Borrower may request the extension of the Third Commitment Termination Date to the date that is four years after the date of this Agreement (the “Fourth Commitment Termination Date”) by delivering a notice of extension request to the Administrative Agent at least 90 days, but no more than 120 days, before the Third Commitment Termination Date. If the Third Commitment Termination Date is extended to the Fourth Commitment Termination Date in accordance with the terms hereof, thereafter, the Borrower may request the extension of the Fourth Commitment Termination Date to the date that is five years after the date of this Agreement (the “Fifth Commitment Termination Date”) by delivering a notice of extension request to the Administrative Agent at least 90 days, but no more than 120 days, before the Fourth Commitment Termination Date.
