Redetermination Request definition

Redetermination Request means a request of the Borrower (or the Servicer on its behalf) to the Administrative Agent for the Administrative Agent to determinate a new Advance Rate or Assigned Value for a Loan Asset following a Redetermination Event.
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Redetermination Request means a written request of the Borrower (or the Servicer on its behalf) to the Administrative Agent for the Administrative Agent to reset the Cut-Off Date in respect of a Loan Asset (and all relevant Eligible Loan Asset information set forth on Schedule I to the Approval Notice in respect of such Loan Asset), which redetermination shall occur in the Administrative Agent’s sole discretion.
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Redetermination Request means a written request of the Borrower (or the Servicer on its behalf) to the Administrative Agent for the Administrative Agent to reset the Cut-Off Date in respect of a Loan Asset (and all relevant Eligible Loan Asset information set
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Examples of Redetermination Request in a sentence

  • Each Redetermination Request shall include the amount of the requested increase in the Commitment Limit, reasonable detail regarding the need for such increase in the Commitment Limit and information regarding the Borrowing Base necessary to support the requested increased Commitment Limit.

  • Upon receipt of a Redetermination Request, the Lender shall negotiate with Borrower in good faith regarding the terms and conditions of such increase, provided, however, that it shall be in the Lender's sole and absolute discretion whether to increase the Commitment Limit pursuant to any Redetermination Request.

  • No more than one time in each of the Borrower's fiscal year, the Borrower may send a written request to the Lender to request an increase in the Commitment Limit (a "Redetermination Request").


More Definitions of Redetermination Request

Redetermination Request means a request of the Borrower (or the Warehouse Collateral Manager on its behalf) to the Administrative Agent for the Administrative Agent to determinate a new Reset Cut-Off Date for a Warehouse Asset following a Redetermination Event.
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Related to Redetermination Request

  • Extension Request has the meaning specified in Section 2.16(a).

  • Revolver Extension Request has the meaning set forth in Section 2.16(b).

  • Conversion Request means a request, substantially in the form of Exhibit B, by the Borrower to convert the interest rate basis for all or portions of outstanding Loans, which shall specify (a) the requested Conversion Date, which shall be not fewer than three Business Days after the date of such Conversion Request, (b) the aggregate amount of such Loans, on and after the Conversion Date, which are to bear interest as ABR Loans or Eurodollar Loans and (c) the term of the Interest Periods therefor, if any.

  • Notice of Revolving Borrowing shall have the meaning as set forth in Section 2.3.

  • Term Loan Extension Request has the meaning set forth in Section 2.16(a).

  • Notice of Borrowing has the meaning specified in Section 2.02(a).

  • Credit Event Resolution Request Date means, with respect to a notice to ISDA requesting that a Credit Derivatives Determinations Committee be convened to resolve:

  • Transaction Request Defined in Section 3.01(a).

  • Interest Election Request means a request by the Borrower to convert or continue a Borrowing in accordance with Section 2.08.

  • Incremental Loan Request has the meaning set forth in Section 2.14(a).

  • Borrowing Request means a request by the Borrower for a Borrowing in accordance with Section 2.03.

  • Utilisation Request means a notice substantially in the form set out in Schedule 3 (Utilisation Request).

  • Initial Revolving Borrowing means one or more borrowings of Revolving Credit Loans or issuances or deemed issuances of Letters of Credit on the Closing Date as specified in the definition of the term “Permitted Initial Revolving Borrowing.”

  • Borrowing Notice is defined in Section 2.8.

  • Drawdown Request means a notice substantially in the form set out in Schedule 3 (Drawdown Request).