Unit Approval. In each instance in which the Borrower desires to apply a Unit to the Credit Facility, Borrower shall submit a Unit Request to Lender. Each Unit Request must be submitted by Borrower to Lender prior to the Termination Date in the form approved by Lender. Lender shall have the Unit Approval Period in which to review the Unit Request and to determine whether or not to apply the Unit to the Credit Facility, at which point, if the Unit Request is granted, the applicable Unit or Units shall be included in the Credit Facility. With respect to each Unit Request, Lender’s approval of the Unit Request shall be a condition precedent to making any Draws applicable to such Unit(s), and the approval of a Unit Request shall be evidenced only by Lender’s written statement specifying the Maximum Unit Amount for such approved Unit Request and stating that the Unit Request has been approved under this Loan Agreement. If Lender does not deliver oral or written notice of Lender’s disapproval of a Unit Request within the Unit Approval Period, that Unit Request will be deemed to have been approved. If the Unit Request relates to more than one Unit, Lender may approve that Unit Request with respect to one (1) or more Units and disapprove that Unit Request with respect to other Units.
Unit Approval. The following employees must present the voluntary phased retirement proposal for final approval. By signing below each is indicating that they have reviewed the request, approve of the proposal and recommend the proposal for final approval. Applicant Manager: Date: HR Strategic Partner: Xxxx/Unit Administrator: Date: Date: Once the signatures in this section have been obtained, please route as follows: Academic Administrators/Faculty should route this form to the Office of the Vice Xxxxxxx for Faculty Affairs, Attn: Xxxxxxxx Xxxxxxxx (xxx00@xxx.xxx). Staff and Administrators route to the Vice President for Human Resources, Attn: Xxxxxx Xxxx (xxx0@xxx.xxx).
Unit Approval. All units must be prior-approved, converted to Semester Units
