Loan Request definition
Examples of Loan Request in a sentence
Any Loan Request that fails to select an Interest Rate Option shall be deemed to be a request for the Base Rate Option.
Promptly following receipt of the Incremental Term Loan Request, the Administrative Agent shall advise each Incremental Term Loan Lender of the details thereof.
At any time when the Borrowers shall select, convert to or renew a Term Rate Option, the Borrowers shall notify the Administrative Agent thereof by delivering a Loan Request to the Administrative Agent (i) at least three (3) Business Days prior to the effective date of such Term Rate Option with respect to a Loan denominated in Dollars, and (ii) at least four (4) Business Days prior to the effective date of such Term Rate Option with respect to an Optional Currency Loan.
If the Borrowers provide any Loan Request related to a Loan at the Term Rate Option but fail to identify an Interest Period therefor, such Loan Request shall be deemed to request an Interest Period of one (1) month.
Within five (5) Business Days following the Administrative Agent’s receipt of a Tranche D Term Loan Request, the Administrative Agent shall provide written notice to Borrower of whether or not the Lenders, (x) decline to provide the requested Tranche D Term Loan or (y) elect to provide the requested Tranche D Term Loan.