Common use of Lenders’ Response to Extension Request Clause in Contracts

Lenders’ Response to Extension Request. If a Lender, in its individual and sole discretion, agrees to the extension requested by the Borrower, it shall give notice to the Agent (a “Notice of Extension”) (revocable only in the case mentioned in Clause 3.5) no later than 10 Business Days after the applicable Extension Request for Facility A. If a Lender does not give such Notice of Extension by such date, then that Lender shall be deemed to have refused that extension.

Appears in 1 contract

Samples: Facilities Agreement (Bunge LTD)

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Lenders’ Response to Extension Request. If a Lender, in its individual and sole discretion, agrees to the extension requested by the BorrowerObligors’ Agent, it shall give notice to the Agent (a “Notice of Extension”) (revocable only in the case mentioned in Clause 3.5) no later than 10 Business Days after 15 days prior to the applicable Extension Request for Facility A. Date. If a Lender does not give such Notice of Extension by such date, then that Lender shall be deemed to have refused that extension.

Appears in 1 contract

Samples: Facility Agreement (Octel Corp)

Lenders’ Response to Extension Request. If a Lender, in its individual and sole discretion, agrees to the extension requested by the Borrower, it shall give notice to the Agent (a "Notice of Extension") (revocable only in the case mentioned in Clause 3.54.9 (Revocation of Extension)) no later than 10 Business Days after 20 days prior to the applicable Extension Request for Original Facility A. B Termination Date. If a Lender does not give such Notice of Extension by such date, then that Lender shall be deemed to have refused that extension.

Appears in 1 contract

Samples: Term and Revolving Facilities Agreement (Cemex Sa De Cv)

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Lenders’ Response to Extension Request. If a Lender, in its individual and sole discretion, agrees to the extension requested by the Borrower, it shall give notice to the Agent (a “Notice of Extension”) (revocable only in the case mentioned in Clause 3.54.9 (Revocation of Extension)) no later than 10 Business Days after 20 days prior to the applicable Extension Request for Original Facility A. B Termination Date. If a Lender does not give such Notice of Extension by such date, then that Lender shall be deemed to have refused that extension.

Appears in 1 contract

Samples: Facilities Agreement (Cemex Sab De Cv)

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