Common use of Deemed Request Clause in Contracts

Deemed Request. Notwithstanding the foregoing, during the -------------- Construction Period, on each date which is one (1) Business Day prior to any date on which a Participant is entitled to an interest payment or a payment on account of Yield, if an Advance Request has not already been delivered pursuant thereto, the Construction Agent shall be deemed to have requested that each Participant make an Advance in an amount equal to the amount so due, due and payable on such date to each such Participant solely for the purpose of paying such amount, and no Advance Request shall be required.

Appears in 1 contract

Samples: Participation Agreement (Smart & Final Inc/De)

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