Subsequent Funding Request definition
Subsequent Funding Request means a written request by the Borrower to the -------------------------- Lenders relating to Subsequent Fundings with respect to a specific Development Project. Such request shall be in the form of Exhibit B-2 and shall be delivered ----------- by the Borrower accompanied by supporting data relating thereto, which data shall include the identification of the items or activities on the Development Plan for which funds are being sought, an AFE reflecting the total estimated cost of such items or activities, the information described in Schedule 1.01, ------------- and such additional information as the Lenders shall reasonably request for the purpose of evaluating any Subsequent Funding relating thereto.
Examples of Subsequent Funding Request in a sentence
No Lenders shall have any obligation to approve any Subsequent Funding Request.
The Lenders' approval, if any, of any Subsequent Funding Request shall be at their sole and unfettered discretion; any such approval will require that the applicable Development Project is in accordance with the (x) Development Plan (including as to scope of work, the means and method of the work, the cost of the work, and the timing for the commencement and completion of the work), and (y) other information delivered to the Lenders in connection with the Subsequent Funding Request.