Common use of Lenders’ Response to Extension Request Clause in Contracts

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.

Lenders’ Response to Extension Request. (ai) Each Lender may, in its sole discretion, agree to any Extension Request (each such Lender lender, a "“Consenting Lender"”) by providing notice to the Administrative Agent on or before the date falling 15 Business Days fifteen (15) days before: (iA) in respect of a First Extension Request, the First Anniversary; or (iiB) in respect of a Second Extension Request, the Second Anniversary. (bii) The Commitment of each Consenting Lender will, in accordance with Clause 6.7 (Extension of the Facility) below, 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. (ciii) If any Lender: (iA) fails to reply to an Extension Request within the time period set out in paragraph (ac); or (iiB) declines an Extension Request, in writing, Request by the date falling 15 Business Days fifteen (15) days before the First Anniversary or the Second Anniversary, as applicable, (in each case case, a "“Declining Lender") ”), its Commitment will not be extended.