CONDITIONS FOR THE UTILIZATION OF CREDIT Sample Clauses

CONDITIONS FOR THE UTILIZATION OF CREDIT. The utilization of the credit, shall be subject to the performance of the topics below, aside from the fulfillment, whenever suitable, of the conditions provided for in 5th and 6th Articles of "DISPOSICOES APLICAVEIS AOS CONTRATOS DO BNDES" (APPLICABLE DISPOSITIONS TO CONTRACTS OF BNDES) as previously mentioned, and the fulfillment of the conditions established in "NORMAS DE INSTRUCAO E ACOMPANHAMENTO" (NORMS AND INSTRUCTIONS OF FOLLOW-UP), referred to in 2nd article of the same "
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CONDITIONS FOR THE UTILIZATION OF CREDIT. 3.1. Provided that it shall be within the credit limits and the Client shall be informed, the Bank may extend this credit facility by opening one or more current accounts, increasing or decreasing the limits of current accounts, reactivating the zero balance accounts, making money transfers between the accounts of the Client, and closing the existing current accounts and opening new current accounts. Provided that the credit limit is not exceeded, the Bank shall, upon the request of the Client, be entitled to extend credit facility fully or partially in foreign exchange or its equivalent amount in TL even if the credit limit is determined in TL, and in case that the credit limit is determined in foreign exchange, to extend the credit facility fully or partially in TL or in any other foreign currency and/or indexed to another foreign currency, and to open several current accounts in several foreign currencies in the name of the Client. The Bank may extend the credit facility through the branch where the Client’s account is kept or through other branches of the Bank, subject to the provisions of this Agreement.
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Related to CONDITIONS FOR THE UTILIZATION OF CREDIT

  • Conditions Precedent to Each Extension of Credit Before any extension of credit governed by this agreement, whether by disbursement of a loan, issuance of a letter of credit or otherwise, the following conditions must be satisfied:

  • Conditions to Each Extension of Credit The agreement of each Lender to make any extension of credit requested to be made by it on any date (including its initial extension of credit) is subject to the satisfaction of the following conditions precedent:

  • Conditions Precedent to Initial Extension of Credit The obligation of each Lender to make an Advance or of any Issuing Bank to issue a Letter of Credit on the occasion of the Initial Extension of Credit hereunder is subject to the satisfaction of the following conditions precedent before or concurrently with the Initial Extension of Credit:

  • Conditions to Initial Extension of Credit The agreement of each Lender to make the initial extension of credit requested to be made by it is subject to the satisfaction, prior to or concurrently with the making of such extension of credit on the Closing Date, of the following conditions precedent:

  • CONDITIONS OF EACH EXTENSION OF CREDIT The obligation of Bank to make each extension of credit requested by Borrower hereunder shall be subject to the fulfillment to Bank's satisfaction of each of the following conditions:

  • CONDITIONS OF INITIAL EXTENSION OF CREDIT The obligation of Bank to extend any credit contemplated by this Agreement is subject to the fulfillment to Bank's satisfaction of all of the following conditions:

  • Conditions Precedent to Each Borrowing and Issuance The obligation of each Appropriate Lender to make an Advance (other than a Letter of Credit Advance made by an Issuing Bank or a Working Capital Lender pursuant to Section 2.03(c)) on the occasion of each Borrowing (including the initial Borrowing), and the obligation of each Issuing Bank to issue a Letter of Credit (including the initial issuance), shall be subject to the further conditions precedent that on the date of such Borrowing or issuance (a) the following statements shall be true (and each of the giving of the applicable Notice of Borrowing or Notice of Issuance and the acceptance by the Borrower of the proceeds of such Borrowing or of such Letter of Credit shall constitute a representation and warranty by the Borrower that both on the date of such notice and on the date of such Borrowing or issuance such statements are true):

  • Conditions Precedent to all Credit Extensions The obligation of Bank to make each Credit Extension, including the initial Credit Extension, is further subject to the following conditions:

  • Conditions Precedent to all Extensions of Credit The obligation of the Lender Group (or any member thereof) to make any Revolving Loans hereunder (or to extend any other credit hereunder) at any time shall be subject to the following conditions precedent:

  • Conditions to all Credit Extensions The obligation of each Lender to honor any Request for Credit Extension (other than a Committed Loan Notice requesting only a conversion of Committed Loans to the other Type, or a continuation of Eurodollar Rate Loans) is subject to the following conditions precedent:

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