Lenders’ Response to Extension Request Clause Samples

Lenders’ Response to Extension Request. (a) Each Lender may, in its sole discretion, agree to any Extension Request (each such Lender a "Consenting Lender") by providing notice to the Agent on or before the date falling 15 Business Days before: (i) in respect of a First Extension Request, the First Anniversary; or (ii) in respect of a Second Extension Request, the Second Anniversary. (b) The Commitment of each Consenting Lender will, in accordance with Clause 6.7 (Extension of the Facility) below, be extended for the period applicable to it and referred to in such Extension Request. (c) If any Lender: (i) fails to reply to an Extension Request within the time period set out in paragraph (a); or (ii) declines an Extension Request, in writing, by the date falling 15 Business Days before the First Anniversary or the Second Anniversary, as applicable, (in each case a "Declining Lender") its Commitment will not be extended.
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Lenders’ Response to Extension Request. Each Lender may, in its sole discretion, agree to any Extension Request (each such lender, a “Consenting Lender”) by providing notice to the Administrative Agent on or before the date falling fifteen (15) days after the First Extension Request or the Second Extension Request, as applicable. (i) The Commitment of each Consenting Lender will be extended for the period applicable to it and referred to in such Extension Request; provided that the Required Lenders have agreed to such extension. (ii) If any Lender: (A) fails to reply to an Extension Request within the time period set out in paragraph (c); or (B) declines an Extension Request by the date falling fifteen (15) days after the First Extension Request or the Second Extension Request, as applicable, (in each case, a “Declining Lender”), its Commitment will not be extended.
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Lenders’ Response to Extension Request. The Lenders may, at their option, accept or reject such Extension Request by giving written notice to Administrative Agent delivered no later than 10 days prior to the then-effective Termination Date (the "RESPONSE DATE"). If any Lender shall fail to give such notice to Administrative Agent by the Response Date, such Lender shall be deemed to have rejected the requested extension. If the Extension Request is not consented to by Lenders holding at least 66 2/3% of the Commitment by the Response Date, the Extension Request will be rejected, and the Facility will terminate on the then-current Termination Date. If the Lenders holding at least 66 2/3% of the Commitment consent to the Extension Request by the Response Date, the Termination Date for those Lenders consenting to the extension (for purposes of this SECTION 2.3(a), the "ACCEPTING LENDERS") shall be automatically extended to the date which is the 364th day after the then-current Termination Date; PROVIDED THAT, (A) the Termination Date may never be extended on any one date for a period greater than 364 days; and (B) no more than one such 364-day extension of the Termination Date may be granted by Lenders.
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Lenders’ Response to Extension Request. (i) Each Lender may, in its sole discretion, agree to any Extension Request (each such lender, a “Consenting Lender”) by providing notice to the Administrative Agent on or before the date falling fifteen (15) days before: (A) in respect of a First Extension Request, the applicable Anniversary immediately following such First Extension Request; or (B) in respect of a Second Extension Request, the applicable Anniversary immediately following such Second Extension Request. (ii) The Commitment of each Consenting Lender will be extended for the period applicable to it and referred to in such Extension Request; provided that the Required Lenders have agreed to such extension. (iii) If any Lender: (A) fails to reply to an Extension Request within the time period set out in paragraph (c); or (B) declines an Extension Request by the date falling fifteen (15) days before the applicable Anniversary immediately following such Extension Request, (in each case, a “Declining Lender”), its Commitment will not be extended.
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Lenders’ Response to Extension Request. If a Lender, in its individual and sole discretion, agrees to the extension requested by the Borrower, it shall give notice to the Agent (a "Notice of Extension") (revocable only in the case mentioned in Clause 4.9 (Revocation of Extension)) no later than 20 days prior to the Original Facility B Termination Date. If a Lender does not give such Notice of Extension by such date, then that Lender shall be deemed to have refused that extension.
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Lenders’ Response to Extension Request. The Lenders may, at their option, accept or reject such Extension Request by giving written notice to Administrative Agent delivered no earlier than 60 days prior to (but no later than 15 days prior to) the then-effective Termination Date (the date that is 15 days prior to the then effective Termination Date being the "RESPONSE DATE"). If any Lender shall fail to give such notice to Administrative Agent by the Response Date, such Lender shall be deemed to have rejected the requested extension. If the Extension Request is not consented to by Requisite Lenders by the Response Date, the Extension Request will be rejected, and this Agreement will terminate on the Termination Date. If the Requisite Lenders consent to the Extension Request by the Response Date, the Termination Date for those Lenders consenting to the extension (for purposes of this SECTION 2.14(a), the "ACCEPTING LENDERS") shall be automatically extended to the date which is one year after the then-current Termination Date.
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Lenders’ Response to Extension Request. 14.3.1 If a Lender, in its individual and sole discretion, agrees to the extension requested by the Parent Company, it shall give notice to the Facility Agent (a “Notice of Extension”) (revocable only in the case mentioned in Clause 14.5 (Revocation of Extension)) not less than 20 days prior to the Original Facility B Termination Date and the Facility Agent shall, promptly following receipt, forward all such notices to the Parent Company. If a Lender does not give such Notice of Extension by such date, then that Lender shall be deemed to have refused that extension. 14.3.2 If all of the Lenders have given Notices of Extension in accordance with this Clause 14.3, the Facility Agent shall notify the Lenders and the Parent Company of this and, upon receipt of such notice, each Lender’s Notice of Extension shall be binding on it.
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Lenders’ Response to Extension Request. Each Lender shall be entitled but not obliged to agree to the Extension Request, and shall provide confirmation in writing of (i) its consent or refusal to the Extension Request, as the case may be, and (ii) in the case of its consent in relation to the Second Optional Extension Date, whether it intends to extend the Final Maturity Date in relation to its Revolving Credit Commitment to the First Extended Maturity Date (if it has not already consented to an Extension Request extending the Final Maturity Date to the First Extended Maturity Date) or to the Second Extended Maturity Date, to the Facility Agent not less than 35 days prior to the relevant Optional Extension Date (the Response Date). If a Lender does not consent to the Extension Request in writing by such date, then that Lender shall be deemed not to agree to the Extension Request.
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Lenders’ Response to Extension Request. If a Lender, in its individual and sole discretion, agrees to the extension requested by the Obligors’ Agent, it shall give notice to the Agent (a “Notice of Extension”) no later than 15 days prior to the Extension Date. If a Lender does not give such Notice of Extension by such date, then that Lender shall be deemed to have refused that extension.
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Related to Lenders’ Response to Extension Request

  • Extension Request The Borrower shall provide the applicable Extension Request at least three (3) Business Days prior to the date on which Lenders under the Existing Term Loan Tranche or Existing Revolver Tranche, as applicable, are requested to respond, and shall agree to such procedures, if any, as may be established by, or acceptable to, the Administrative Agent, in each case acting reasonably to accomplish the purposes of this Section 2.16. No Lender shall have any obligation to agree to have any of its Term Loans of any Existing Term Loan Tranche amended into Extended Term Loans or any of its Revolving Credit Commitments amended into Extended Revolving Credit Commitments, as applicable, pursuant to any Extension Request. Any Lender holding a Loan under an Existing Term Loan Tranche (each, an “Extending Term Lender”) wishing to have all or a portion of its Term Loans under the Existing Term Loan Tranche subject to such Extension Request amended into Extended Term Loans and any Revolving Credit Lender (each, an “Extending Revolving Credit Lender”) wishing to have all or a portion of its Revolving Credit Commitments under the Existing Revolver Tranche subject to such Extension Request amended into Extended Revolving Credit Commitments, as applicable, shall notify the Administrative Agent (each, an “Extension Election”) on or prior to the date specified in such Extension Request of the amount of its Term Loans under the Existing Term Loan Tranche or Revolving Credit Commitments under the Existing Revolver Tranche, as applicable, which it has elected to request be amended into Extended Term Loans or Extended Revolving Credit Commitments, as applicable (subject to any minimum denomination requirements imposed by the Administrative Agent). In the event that the aggregate principal amount of Term Loans under the Existing Term Loan Tranche or Revolving Credit Commitments under the Existing Revolver Tranche, as applicable, in respect of which applicable Term Lenders or Revolving Credit Lenders, as the case may be, shall have accepted the relevant Extension Request exceeds the amount of Extended Term Loans or Extended Revolving Credit Commitments, as applicable, requested to be extended pursuant to the Extension Request, Term Loans or Revolving Credit Commitments, as applicable, subject to Extension Elections shall be amended to Extended Term Loans or Revolving Credit Commitments, as applicable, on a pro rata basis (subject to rounding by the Administrative Agent, which shall be conclusive) based on the aggregate principal amount of Term Loans or Revolving Credit Commitments, as applicable, included in each such Extension Election.