NEXT REVIEW DATE Sample Clauses
The 'Next Review Date' clause establishes a specific future date on which the agreement or its terms will be formally reviewed by the parties involved. Typically, this clause sets a calendar date or a recurring interval (such as annually) for the review, ensuring that the contract remains up-to-date and relevant to the parties' needs. By mandating regular reviews, this clause helps prevent outdated terms, addresses changing circumstances, and ensures ongoing compliance with the agreement.
NEXT REVIEW DATE. All demand Facilities are subject to review by ▇▇▇▇▇▇ at any time in its sole discretion and at least annually without limiting Lender’s right to make demand at any time. The next annual review date has been set for January 31, 2022 but may be set at an earlier or later date at the sole discretion of Lender.
NEXT REVIEW DATE. All demand Facilities are subject to review by ▇▇▇▇▇▇ at any time in its sole discretion, and at least annually. The next annual review date has been set for _________________ [Review date of Credit] but may be set at an earlier or later date at the sole discretion of Lender.
NEXT REVIEW DATE. Section 15 is deleted and replaced with the following: All demand facilities are subject to review by Lender at any time in its sole discretion, and at least annually. The next annual review date has been set for May 31, 2015, but may be set at an earlier or later date at sole discretion of Lender.