Renewal Request definition
Examples of Renewal Request in a sentence
During the ten (10) day period commencing one hundred twenty (120) days prior to the end of the initial term, either party may give written notice (a "Renewal Request") to the other party requesting that such other party give a Renewal Notice.
Each Lender shall have the right, in its absolute discretion, to accept or decline any Renewal Request and the Federal/State Guarantors shall have the right to veto the Extension.
A Lender and the Federal/State Guarantors which agree(s) to the Extension as requested by a Renewal Request shall notify the Facility Agent of its agreement within sixty (60) days after the date on which the Facility Agent has notified the Lenders and the Federal/State Guarantors (the “Renewal Decision Date”).
Borrower may convert a Prime Rate Borrowing Tranche to a Base Rate Borrowing Tranche or a Base Rate Borrowing Tranche to a Prime Rate Borrowing Tranche by delivering to Lender via facsimile, a fully completed, authorized and executed Renewal Request in the form attached hereto as Schedule 3.3.
Any recipient of a Renewal Request that fails to send either a Renewal Notice or a Non-Renewal Notice in accordance with the immediately preceding sentence shall be deemed to have given a Renewal Notice.