REQUEST FOR CONTINUATION Sample Clauses
A Request for Continuation clause outlines the process by which a party may formally ask to extend the duration or term of an agreement or specific obligation. Typically, this clause specifies the required notice period, the method of submitting the request, and any conditions that must be met for the continuation to be granted, such as mutual consent or fulfillment of certain criteria. Its core practical function is to provide a clear and structured mechanism for extending contractual relationships, thereby preventing misunderstandings and ensuring both parties have a predictable process for seeking additional time.
REQUEST FOR CONTINUATION. Borrower hereby requests that the interest rate option(s) applicable to the following loan(s) be continued as indicated:
REQUEST FOR CONTINUATION. The Borrower hereby requests that the interest rate option(s) applicable to the following [Term A-1][Term A-2][Term A-3][Term A-4][Revolving][Multi-Draw Term] Loan(s) be continued as indicated: Upon expiration of its current Interest Period, continue the [Term A-1][Term A-2][Term A-3][Term A-4][Revolving][Multi-Draw Term] LIBOR Loan in the principal amount of $____________, the current Interest Period for which expires on [insert date] _______, for a new Interest Period of [check one]: __1 month __2 months __3 months.
REQUEST FOR CONTINUATION. Borrower hereby requests that the interest rate option(s) applicable to the following loan(s) be continued as indicated: Upon expiration of its current Interest Period, continue the LIBOR Loan under the [Term Loan B/Revolving Loan] Facility in the principal amount of $ , the current Interest Period for which expires on [insert date] for a new Interest Period of:
REQUEST FOR CONTINUATION. Borrower hereby requests a continuation / conversion under the Tranche A Commitments in the amount of $____________, to be made on _______, 20__ and to bear interest pursuant to the interest rate option(s) checked below: ___ Base Rate Loan in the principal amount of $___________ ___ LIBOR Loan option in the principal amount of $___________, for an Interest Period of __1 month __2 months /_3 months 6 months Borrower hereby requests an advance/ continuation / conversion under the Tranche B Commitments in the amount of $____________, to be made on _______, 20__ and to bear interest pursuant to the interest rate option(s) checked below: ___ Base Rate Loan in the principal amount of $___________ ___ LIBOR Loan option in the principal amount of $___________, for an Interest Period of __1 month __2 months /_3 months 6 months In connection with such request, Borrower hereby certifies as follows: