Extension of Credit definition

Extension of Credit means, as to any Lender, the making of a Loan by such Lender (or a participation therein by a Lender) or the issuance of, or participation in, a Letter of Credit by such Lender.
Extension of Credit means the making of a Borrowing, the issuance of a Letter of Credit or the amendment of any Letter of Credit having the effect of extending the stated termination date thereof or increasing the maximum amount available to be drawn thereunder. For purposes of this Agreement, a Conversion shall not constitute an Extension of Credit.
Extension of Credit means, as to any Lender, the making of a Loan by such Lender or the issuance of, or participation in, a Letter of Credit by such Lender.

Examples of Extension of Credit in a sentence

  • Extension of credit for electricity produced from certain renewable resources.

  • Extension of credit in certain stock option and stock purchase plans.

  • Extension of credit includes direct loans to borrowers, loans purchased from other lenders, and leases of real or personal prop- erty so long as the leases are nonoperating and full-payout leases that meet the require- ments of paragraph (b)(2)(vi)(C) of this sec- tion.

  • Extension of credit will be within the limitations of FPMR 101– 47.304–4.

  • Extension of credit in any form shall not be allowed at any Gaming Enterprise, unless specifically authorized by Band Statute and properly licensed pursuant to applicable Band, federal, and state law.


More Definitions of Extension of Credit

Extension of Credit means (a) any Borrowing and (b) any L/C Credit Extension.
Extension of Credit means (i) the disbursement of the proceeds of any Borrowing and (ii) the issuance of a Letter of Credit or the amendment of any Letter of Credit having the effect of extending the stated termination date thereof or increasing the maximum amount available to be drawn thereunder.
Extension of Credit means the right to defer payment of debt or to incur debt and defer its payment offered or granted primarily for personal, family, or household purposes.
Extension of Credit means any loan, letter of credit or other extension of credit of any kind or character and in the case of revolving credit facilities, includes lending and relending up to the maximum amount thereof and any Permitted Increase.
Extension of Credit as to any Lender, the making of a Loan by such Lender.
Extension of Credit means, as to any Lender, the making of a Loan by such Lender, any conversion of a Loan from one Type to another Type, any extension of any Loan or the issuance, extension or renewal of, or participation in, a Letter of Credit or Swingline Loan by such Lender.
Extension of Credit means the right to defer payment of debt or to incur debt.