Bank Response to Extension Request Sample Clauses

Bank Response to Extension Request. The Administrative Agent shall promptly notify each Bank and Fronting Bank of such Extension Request and each Bank and Fronting Bank shall then, in its sole discretion, notify the Borrower and the Administrative Agent in writing within 15 days of such Extension Request whether such Bank or Fronting Bank will consent to the extension (each such Bank consenting to the extension, a “Consenting Bank”). The failure of any Bank or Fronting Bank to notify the Borrower and the Administrative Agent of its intent to consent to any extension shall be deemed a rejection by such Bank or Fronting Bank, as applicable. The election of any Bank or Fronting Bank to agree to such extension shall not obligate any other Bank or Fronting Bank to so agree.