Examples of Election Period in a sentence
On or before the last day of the Election Period, the related Committed Lender shall notify the Agent for its Lender Group of its willingness or refusal to so extend its Commitment Termination Date; provided, that the failure of any Committed Lender to respond prior to the last day of the Election Period shall be deemed to be its refusal to so extend the Commitment Termination Date.
The Agent for such Lender Group shall notify the Borrower and the Administrative Agent of such willingness or refusal by the Committed Lender not later than the Business Day following the last day of the Election Period.
Within ten (10) calendar days after the end of the Tag-Along Election Period, the Initiating Partner shall promptly notify each Tagging Partner of the number of Interests held by such Tagging Partner that will be included in the sale and the date on which the Tag Sale will be consummated, which shall be no later than the later of (i) thirty (30) calendar days after the end of the Tag-Along Election Period and (ii) the satisfaction of any governmental approval or filing requirements, if any.
If the Other Members have elected to purchase all Membership Interests from the Selling Member, the purchase of such Membership Interests shall be consummated as soon as practical, but in any event within ten (10) days after the expiration of the Election Period.
Any Lender not responding by the end of such Election Period shall be deemed to have declined to increase its respective Revolving Commitment or Term Loan Commitment, as applicable.