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

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.

Appears in 1 contract

Sources: Facilities Agreement (Cemex Sa De Cv)

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)3.5) no later than 20 days prior to 10 Business Days after the Original applicable Extension Request for Facility B Termination Date. A. If a Lender does not give such Notice of Extension by such date, then that Lender shall be deemed to have refused that extension.

Appears in 1 contract

Sources: Facilities Agreement (Bunge LTD)

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.

Appears in 1 contract

Sources: Facilities Agreement (Cemex Sab De Cv)