Renewal Option Request definition

Renewal Option Request is defined at Section 4.7(a) of the Participation Agreement.
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Renewal Option Request shall have the meaning provided in Section 2.18 of the Participation Agreement.
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Examples of Renewal Option Request in a sentence

  • Each Participant will notify Administrative Agent in writing of whether or not it has consented to such Renewal Option Request not later than seventy-five (75) days before the Expiration Date of the Term (the “Renewal Option Response Date”).

  • Each Participant’s determination with respect to the Renewal Option Request shall be a new credit determination and within such Participant’s sole and absolute discretion and may be conditioned upon such terms and conditions as shall be deemed appropriate by such Participant, including receipt of such financial information, documentation or other information or conditions as may be requested by such Participant and the receipt of a satisfactory appraisal of the Leased Property.

  • Lessee shall have thirty (30) days after receipt of the Participants’ consent to the Renewal Option Request (such time period being referred to as the “Renewal Rescission Period”) to irrevocably rescind the Renewal Option Request and elect not to extend the Term (a “Renewal Rescission”).

  • Any failure by Lessee to exercise a Renewal Rescission during the Renewal Rescission Period shall be deemed a waiver of the right of Lessee to effectuate a Renewal Rescission and Lessee shall have been deemed to have accepted Lessor’s consent to the Renewal Option Request and any terms and conditions set forth therein.

  • Such Renewal Option Request must be delivered in writing to Lessor, Administrative Agent and each Participant not later than one hundred twenty (120) days nor more than one hundred eighty (180) days prior to the expiration of the Term.

Related to Renewal Option Request

  • Renewal Option has the meaning set forth in §12.1.

  • Extension Option shall have the meaning set forth in Section 2.5(c) hereof.

  • Extension Notice has the meaning specified in Section 308.

  • Acceptance Notice has the meaning set forth in Section 9.2(d)(iii).

  • Non-Extension Notice has the meaning specified in Section 2.10.

  • Extension Request means any Term Loan Extension Request or a Revolver Extension Request, as the case may be.

  • Election Notice has the meaning set forth in Section 11.01(b).

  • Term Loan Extension Request has the meaning set forth in Section 2.16(a).

  • Acceleration Request means a request pursuant to Operating Agreement, Schedule 1, section 1.9.4A, and the parallel provisions of Tariff, Attachment K-Appendix, section 1.9.4A, to accelerate or reschedule a transmission outage scheduled pursuant to Operating Agreement, Schedule 1, section 1.9.2 or Operating Agreement, Schedule 1, section 1.9.4, and the parallel provisions of Tariff, Attachment K-Appendix, section 1.9.2 or Tariff, Attachment K-Appendix, section 1.9.4.

  • Put Option Notice means a notice which must be delivered to a Paying Agent by any Noteholder wanting to exercise a right to redeem a Note at the option of the Noteholder;

  • Notice of Acceptance means the written notification and any accompanying documentation sent to the Consultant by the Principal advising acceptance of its Tender to provide the Services under the Contract.

  • Non-Extension Notice Date has the meaning specified in Section 2.03(b)(iii).

  • Selection Notice means a notice substantially in the form set out in Part II of Schedule 3 (Requests) given in accordance with Clause 9 (Interest Periods).