Extension Request definition
Examples of Extension Request in a sentence
Such Extension Request must specify (i) the date (which must be at least thirty (30) days after the applicable Extension Request is delivered to the Collateral Agent and the Administrative Agent) as of which each Lender is requested to respond to such Extension Request by (each, a “Response Date”).
Promptly upon receipt of an Extension Request, each Group Agent (on behalf of its Lenders) shall notify the Servicer (on behalf of the Borrower) as to whether each Lender in its Group approves such Extension Request (it being understood that each Lender in a Group may accept or decline such Extension Request in its sole discretion).
Client must have an underlying business purpose for each Settlement Extension Request.
Corpay may decline a Settlement Extension Request in its sole discretion for any reason.
The failure of any Lender to affirmatively notify the Servicer (on behalf of the Borrower) of such Lxxxxx’s election regarding such Extension Request by the applicable Response Date shall be deemed to be a refusal by such Lender to grant the requested extension.