Common use of Renewal Request Clause in Contracts

Renewal Request. Provided that no Event of Default has occurred (except only for an Event of Default that has been cured to Lender’s satisfaction as confirmed by Lender’s execution of a written agreement specifically acknowledging and describing the Event of Default so cured, or for an Event of Default that has been waived by Lender as confirmed by Lender’s execution of a written agreement specifically acknowledging and describing the Event of Default so waived), upon satisfaction of the conditions precedent set forth in Section 3.13(b) below, Lender agrees to a one-time, twelve (12) month renewal and extension of the Termination Date (the “Renewal”) so that, if the Renewal is granted, the Termination Date would be extended to, the second (2nd) anniversary of the Effective Date.