Confirmation Request definition
Examples of Confirmation Request in a sentence
Promptly upon receipt of a Confirmation Request and all related Credit Underwriting Documents (collectively, each, an “Confirmation Request Package”), the Agent shall provide copies thereof to each Lender.
If a Confirmation Request has been confirmed, the subject Property shall thereupon become a Borrowing Base Asset upon execution and delivery of all of the documents required to be provided under the immediately following subsection (c).
If either (a) Lender delivers an Opt-Out Construction Notice to Tenant, as aforesaid, or (b) Lender does not deliver an Opt-In Construction Notice to Tenant by not later than thirty (30) days after receipt of Tenant's Construction Confirmation Request, then Lender shall not be obligated to perform the Construction Obligations in accordance with the terms and provisions of the Lease.
For so long as the restriction prohibiting Tenant from leasing space in the Complex to a Competitor listed in EXHIBIT M hereto is in force and applicable, Tenant shall have the right, at any time and from time during the Lease Term, to request in writing of Landlord and BMC a determination as to whether the foregoing restriction remains in force and applicable (a "Restriction Confirmation Request").
If a Confirmation Request has been confirmed, the subject asset shall thereupon become a Borrowing Base Asset hereunder.
Together with the Confirmation Request, the Borrower Representative shall deliver to the Agent (x) a pro forma Borrowing Base Certificate, (y) the Borrowers’ credit write-up and approval memo relating to such prospective Borrowing Base Asset, if any, and (z) if requested by the Agent, an appraisal report relating to such prospective Borrowing Base Asset and such other documents as the Agent may reasonably request from time to time (collectively, the “Credit Underwriting Documents”).
If the Agent does not respond to the Confirmation Request within the time period set forth herein, the Confirmation Request shall be deemed denied and the Property identified in the Confirmation Request shall not be included as a Borrowing Base Asset.
In the event that the Lender does not deliver either an Opt-Out construction Notice or an Opt-In Construction Notice to the Tenant within said thirty (30) days after acquisition of title or possession, then Tenant may elect to deliver a written request (a "Construction Confirmation Request") to the Lender, requesting that Lender deliver either an Opt-Out Construction Notice or an Opt-In Construction Notice.
Within thirty (30) calendar days after receipt of Tenant's Restriction Confirmation Request, Landlord or BMC shall notify Tenant as to whether the restriction set forth in EXHIBIT M hereto remains in force and applicable.
If either (a) Lender delivers an Opt-Out Construction Notice to Tenant as aforesaid, or (b) Lender does not deliver an Opt-In Construction Notice to Tenant by not later than thirty (30) days after receipt of Tenant's Construction Confirmation Request, then Lender shall not be obligated to perform the Construction Obligations in accordance with the terms and provisions the Lease.