Common use of Lender Elections to Fund Optional Loans Clause in Contracts

Lender Elections to Fund Optional Loans. Each Lender shall notify the Administrative Agent within such time period whether or not it agrees to fund a portion of any requested Optional Loan and, if so, whether by an amount equal to, greater than, or less than its Applicable Percentage of such requested Optional Loan. Any Lender not responding within such time period shall be deemed to have declined to fund any portion of such requested Optional Loan.

Appears in 3 contracts

Samples: Credit Agreement (Aecom Technology Corp), Credit Agreement (Aecom Technology Corp), Credit Agreement (Aecom Technology Corp)

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Lender Elections to Fund Optional Loans. Each Lender shall notify the Administrative Agent within such time period whether or not it agrees to fund a any portion of any requested Optional Loan Loans and, if so, whether by an amount equal to, greater than, or less than its Applicable Percentage pro rata share of such the requested Optional LoanLoans. Any Lender not responding within such time period shall be deemed to have declined to fund any portion of such requested Optional LoanLoans. For the avoidance of doubt, no Lender shall have any obligation to fund any portion of requested Optional Loans.

Appears in 1 contract

Samples: Credit Agreement (B. Riley Financial, Inc.)

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