Common use of Term Loan Extension Request Clause in Contracts

Term Loan Extension Request. The Borrower shall deliver written notice of such request (the “Term Loan Extension Request”) to the Agent not earlier than the date which is ninety (90) days and not later than the date which is forty-five (45) days prior to the then applicable Term Loan Maturity Date (as determined without regard to such extension). Any such Term Loan Extension Request shall be irrevocable and binding on the Borrower.

Appears in 2 contracts

Sources: Credit Agreement (GTJ Reit, Inc.), Credit Agreement (GTJ Reit, Inc.)