Request for an Extension Sample Clauses

A Request for an Extension clause allows a party to formally seek additional time to fulfill their contractual obligations. Typically, this clause outlines the process for submitting a request, such as requiring written notice and justification for the delay, and may specify any supporting documentation needed. Its core practical function is to provide a clear, agreed-upon mechanism for handling unforeseen delays, thereby reducing disputes and ensuring both parties understand how extensions are managed within the contract.
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Request for an Extension. The Principal Borrower may, by written notice to the Administrative Agent (who shall promptly notify the Lenders) not earlier than ninety (90) days and not later than sixty (60) days prior to (i) the original Maturity Date, request that the Lenders extend the Maturity Date for an additional six (6) months to July 8, 2018 (the “First Extended Maturity Date”), and (ii) the First Extended Maturity Date, request that the Lenders extend the Maturity Date for an additional six (6) months to January 8, 2019, in each case so long as no Default exists at the time of such request.
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Request for an Extension. The Principal Borrower may, by written notice to the Administrative Agent (who shall promptly notify the Lenders) not earlier than ninety (90) days and not later than sixty (60) days prior to (i) the original Maturity Date with respect to the Revolving Credit Facility, request that the Lenders extend the Maturity Date with respect to the Revolving Credit Facility for an additional six (6) months to July 25, 2028 (the “First Extended Revolving Maturity Date”), and (ii) the First Extended Revolving Maturity Date, request that the Lenders extend the Maturity Date with respect to the Revolving Credit Facility for an additional six (6) months to January 25, 2029.
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Request for an Extension. The Borrower may, by written notice to the Administrative Agent (who shall promptly, but in any event within three Business Days after receipt thereof, deliver a copy of such written notice to each of the Lenders) not earlier than 60 days and not later than 45 days prior to any anniversary of the Closing Date following the first anniversary of the Closing Date, request that, effective as of such anniversary of the Closing Date (the “Extension Date”), each Lender agree to an extension of the Maturity Date then in effect hereunder (the “Existing Maturity Date”) for an additional 364 days from the Existing Maturity Date (the “New Maturity Date”); provided that the Borrower may not extend the Maturity Date pursuant to this Section 2.17 more than two times.
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Request for an Extension. The Borrower may, from time to time, provided there is no Default or Event of Default which is continuing, request an extension of the Term Out Date (each an "Extension") of each Lender under a Credit Facility that is not then a Non-Agreeing Lender (a "Revolving Lender") by sending to the Agent and, if applicable, the Operating Facility Lender, an extension request in the form of Schedule D (an "Extension Request") in duplicate not less than sixty (60) days and not more than ninety (90) days prior to the then current Term Out Date and the Agent shall forthwith notify such Revolving Lenders of such request and each such Revolving Lender shall acknowledge receipt of such notification. Each such Revolving Lender shall advise the Agent as to whether it agrees with such request within thirty (30) days of receipt by the Agent of an Extension Request provided that in the event such Revolving Lender does not so advise the Agent within such thirty (30) day period, such Revolving Lender shall be deemed to have advised the Agent that it is not prepared to accept the Borrower’s request for an Extension. Within two (2) Banking Days of the Agent receiving from each such Revolving Lender its decision with respect to the Borrower’s Extension request, the Agent shall, subject to Section 3.2(b), provide the Borrower with an offer to extend the applicable Term Out Date in accordance with Section 3.2(c) or 3.2(d), as the case may be, and the Borrower, subject to Section 3.2(f), shall be entitled to accept any such offer at any time up to and including the last Banking Day preceding the then applicable Term Out Date by written notice to the Agent of such acceptance.
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Request for an Extension. The Borrower may, from time to time and provided there is no Default which is continuing, request an extension of the Term Facility Maturity Date of the Term Lender by sending to the Agent a Request for Extension in duplicate not more than once per calendar year concurrently with the Request for Extension to the Revolving Lenders pursuant to Section 3.3(a) and the Agent shall forthwith notify the Term Lender of such request and the Term Lender shall acknowledge receipt of such notification. The Term Lender shall advise the Agent as to whether it agrees with such request within thirty (30) days of being notified of the Borrower's Request for Extension; provided that in the event the Term Lender does not so advise the Agent within such thirty (30) day period, the Term Lender shall be deemed to have advised the Agent that it is not prepared to make an offer to the Borrower to extend its Term Facility Maturity Date. Within two‌
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Related to Request for an Extension

  • Request for Extension Upon request, the Department may extend the time allowed for both a response to the Letter of Concern and a Corrective Action Plan depending upon the nature of the deficiency. The Provider shall request an extension of time in writing from the Department’s designated representative. The written request shall contain a justification and proposed extension period.

  • Request for Waiver A. Prior to submission of a request for a partial or total waiver, Bidder/Contractor shall speak to the Designated Contacts of the OGS Office of Minority- and Women-Owned Business Enterprises for guidance. B. In accordance with 5 NYCRR § 142.7, a Bidder/Contractor who is able to document good faith efforts to meet the goal requirements, as set forth in clause VII below, may submit a request for a partial or total waiver on Form BDC 333, accompanied by supporting documentation. A Bidder may submit the request for waiver at the same time it submits its MWBE Utilization Plan. If a request for waiver is submitted with the MWBE Utilization Plan and is not accepted by OGS at that time, the provisions of clauses V(C), (D) & (E) will apply. If the documentation included with the Bidder’s/Contractor’s waiver request is complete, OGS shall evaluate the request and issue a written notice of acceptance or denial within twenty (20) business days of receipt. C. Contractor shall attempt to utilize, in good faith, any MBE or WBE identified within its MWBE Utilization Plan, during the performance of the Contract. Requests for a partial or total waiver of established goal requirements made subsequent to Contract award may be made at any time during the term of the Contract to OGS, but must be made no later than prior to the submission of a request for final payment on the Contract. D. If OGS, upon review of the MWBE Utilization Plan and Monthly MWBE Contractor Compliance Reports determines that Contractor is failing or refusing to comply with the contract goals and no waiver has been issued in regards to such non-compliance, OGS may issue a notice of deficiency to the Contractor. The Contractor must respond to the notice of deficiency within seven (7) business days of receipt. Such response may include a request for partial or total waiver of MWBE contract goals.

  • Request for a Panel 1. Unless the Parties agree on a different period for consultations, a complaining Party may request in writing the establishment of a Panel if the consultation referred to in the Article 176 (Consultations) fails to resolve a matter within 60 days, after the date of receipt of the request for consultations or 50 days in case of urgent matters. 2. The complaining Party shall deliver the request to the other Party, indicating at least, the reason of the request, the identification of the measure, an indication of the provision of this Agreement that it considers relevant and an indication of the legal basis of the complaint. The Panel will be considered as established on the date of receipt of the corresponding request to the other Party. 3. Unless otherwise agreed by the disputing Parties, the Panel shall be selected and perform its functions in a manner consistent with the provisions of this Chapter.

  • Request for Advance Subject to the following conditions, the Borrower may request an Advance to be made by ensuring that the Agent receives a completed Drawdown Notice not later than 11.00 a.m. (Hamburg time) 3 Business Days prior to the intended Drawdown Date.

  • Request for Credit Extension The Administrative Agent and, if applicable, the L/C Issuer or the Swingline Lender shall have received a Request for Credit Extension in accordance with the requirements hereof.