Credit Extension Requests Sample Clauses

Credit Extension Requests. Subject to Sections 2.3 or 2.6, as applicable, the Agent shall have received a Borrowing Request if Loans are being requested, or an Issuance Request (and, if requested by the Issuer, an Application) if a Letter of Credit is being requested or extended. Each of the delivery of a Borrowing Request or Issuance Request and the acceptance by the Borrowers of the proceeds of such Credit Extension shall constitute a representation and warranty by theeach Borrower that on the date of such Credit Extension (both immediately before and after giving effect to such Credit Extension and the application of the proceeds thereof) the statements made in Section 5.2(a) are true and correct.
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Credit Extension Requests. To obtain a Credit Extension, Borrower shall make a request to Bank by facsimile or telephone. Credit Extension requests received after 12:00 Noon Pacific time will not be considered by Bank until the next Business Day. Bank may rely on any telephone request for a Credit Extension given by a person whom Bank reasonably believes is an authorized representative of Borrower, and Borrower will indemnify Bank for any loss Bank suffers as a result of that reliance.
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Credit Extension Requests. 5.2.3. Satisfactory Legal Form............................... 5.3.
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Credit Extension Requests. The Administrative Agent shall ------------------------- have received a Borrowing Request if Loans are being requested, or an Issuance Request if a Letter of Credit is being issued or extended. Each of the delivery of a Credit Extension Request and the acceptance by the Borrower of the proceeds of such Credit Extensions shall constitute a representation and warranty by the Borrower that on the date of such Credit Extensions (both immediately before and after giving effect to such Credit Extensions and the application of the proceeds thereof) the statements made in Section 5.2.1 are true and correct. -------------
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Credit Extension Requests. Each Bank may make Credit Extensions in accordance with this Agreement based on instructions from a Responsible Officer or his or her designee or without instructions if the Credit Extensions are necessary to meet Obligations which have become due. Each Bank may rely on any telephone notice given by a person whom Bank believes is a Responsible Officer or designee. Borrower will indemnify each Bank for any loss either Bank suffers due to that reliance.
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Credit Extension Requests. To request a Credit Extension, the ------------------------- Borrower shall deliver a properly completed Credit Extension Request to the Administrative Agent (a) in the case of a Eurodollar Borrowing, not later than 11:00 a.m., New York City time, 3 Business Days before the date of the proposed Borrowing or (b) in the case of an ABR Borrowing or of any other Credit Extension, not later than 11:00 a.m., New York City time, 1 Business Day before the date of the proposed Borrowing or Credit Extension. Except with respect to Working Capital Loans requested after the Commercial Operation Date, the Borrower shall request Credit Extensions no more frequently than once per month, except as necessary to permit any final drawings pursuant to Section 2.04(b). Each Credit Extension Request shall be --------------- irrevocable and shall specify the following information in compliance with Section 2.02: ------------ (i) whether the requested Credit Extension is to be a Working Capital Loan, a Tranche A-1 Term Loan, a Tranche A-2 Term Loan or the transfer or withdrawal of funds that are on deposit, or are expected by the requested Credit Extension Date to be on deposit, in a sub-account of the Construction Account or the Upgrade Loan Proceeds Sub-Account; (ii) the aggregate amount of the requested Borrowing or other Credit Extension; (iii) the date of such Credit Extension, which shall be a Credit Extension Date; (iv) if the requested Credit Extension consists of a Borrowing, whether such Borrowing is to be an ABR Borrowing or a Eurodollar Borrowing; and (v) in the case of a Eurodollar Borrowing, the initial Interest Period applicable thereto, which shall be a period contemplated by the definition of the term "Interest Period." If no election as to the Type of any requested Borrowing is specified, then the requested Borrowing shall be an ABR Borrowing. If no Interest Period is specified with respect to any requested Eurodollar Borrowing, then the Borrower shall be deemed to have selected an Interest Period of one month's duration. Promptly after receipt of a Credit Extension Request, the Administrative Agent shall review such Credit Extension Request and the attachments thereto to determine whether all required documentation has been provided in form and substance reasonably satisfactory to the Administrative Agent and shall (i) notify the Borrower and the Securities Intermediary of its determination and (ii) advise each applicable Lender of the details thereof and, if t...
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Related to Credit Extension Requests

  • Request for Credit Extension The Administrative Agent and, if applicable, the L/C Issuer or the Swingline Lender shall have received a Request for Credit Extension in accordance with the requirements hereof. Each Request for Credit Extension (other than a Loan Notice requesting only a conversion of Loans to the other Type or a continuation of Eurodollar Rate Loans) submitted by the Borrower shall be deemed to be a representation and warranty that the conditions specified in Sections 4.02(a) and (b) have been satisfied on and as of the date of the applicable Credit Extension.

  • Each Credit Extension After the Closing Date, the obligation of each Revolving Lender or Issuing Bank to make any Credit Extension is subject to the satisfaction of the following conditions: (i) In the case of any Borrowing, the Administrative Agent shall have received a Borrowing Request as required by Section 2.03 or (ii) in the case of the issuance of any Letter of Credit, the applicable Issuing Bank and the Administrative Agent shall have received a Letter of Credit Request as required by Section 2.05(b). (b) The representations and warranties of the Loan Parties set forth in this Agreement and the other Loan Documents shall be true and correct in all material respects on and as of the date of any such Credit Extension with the same effect as though such representations and warranties had been made on and as of the date of such Credit Extension; provided, that to the extent that any representation and warranty specifically refers to a given date or period, it shall be true and correct in all material respects as of such date or for such period. (c) At the time of and immediately after giving effect to the applicable Credit Extension, no Default or Event of Default has occurred and is continuing. Each Credit Extension after the Closing Date shall be deemed to constitute a representation and warranty by the Borrower on the date thereof as to the matters specified in paragraphs (b) and (c) of this Section 4.02; provided, however, that the conditions set forth in this Section 4.02 shall not apply to (A) any Incremental Loan and/or (B) any Credit Extension under any Refinancing Amendment and/or Extension Amendment unless in each case the lenders in respect thereof have required satisfaction of the same in the applicable Incremental Facility Agreement, Refinancing Amendment or Extension Amendment, as applicable; it being understood and agreed that no Event of Default then exists or would exist after giving effect thereto (except in the case of the incurrence or provision of any Incremental Facility in connection with a Permitted Acquisition, Investment or similar transaction not prohibited by the terms of this Agreement, in which case, no Specified Event of Default then exists or would exist after giving effect thereto at the time of the borrowing of any Incremental Facility).

  • All Credit Extensions The obligation of each Lender and each Issuer to make any Credit Extension shall be subject to the satisfaction of each of the conditions precedent set forth below.

  • Initial Credit Extension The obligations of the Lenders and, if applicable, the Issuer to fund the initial Credit Extension shall be subject to the prior or concurrent satisfaction of each of the conditions precedent set forth in this Section 5.1.

  • Extension Request The Borrower shall provide the applicable Extension Request at least three (3) Business Days prior to the date on which Lenders under the Existing Term Loan Tranche or Existing Revolver Tranche, as applicable, are requested to respond, and shall agree to such procedures, if any, as may be established by, or acceptable to, the Administrative Agent, in each case acting reasonably to accomplish the purposes of this Section 2.16. No Lender shall have any obligation to agree to have any of its Term Loans of any Existing Term Loan Tranche amended into Extended Term Loans or any of its Revolving Credit Commitments amended into Extended Revolving Credit Commitments, as applicable, pursuant to any Extension Request. Any Lender holding a Loan under an Existing Term Loan Tranche (each, an “Extending Term Lender”) wishing to have all or a portion of its Term Loans under the Existing Term Loan Tranche subject to such Extension Request amended into Extended Term Loans and any Revolving Credit Lender (each, an “Extending Revolving Credit Lender”) wishing to have all or a portion of its Revolving Credit Commitments under the Existing Revolver Tranche subject to such Extension Request amended into Extended Revolving Credit Commitments, as applicable, shall notify the Administrative Agent (each, an “Extension Election”) on or prior to the date specified in such Extension Request of the amount of its Term Loans under the Existing Term Loan Tranche or Revolving Credit Commitments under the Existing Revolver Tranche, as applicable, which it has elected to request be amended into Extended Term Loans or Extended Revolving Credit Commitments, as applicable (subject to any minimum denomination requirements imposed by the Administrative Agent). In the event that the aggregate principal amount of Term Loans under the Existing Term Loan Tranche or Revolving Credit Commitments under the Existing Revolver Tranche, as applicable, in respect of which applicable Term Lenders or Revolving Credit Lenders, as the case may be, shall have accepted the relevant Extension Request exceeds the amount of Extended Term Loans or Extended Revolving Credit Commitments, as applicable, requested to be extended pursuant to the Extension Request, Term Loans or Revolving Credit Commitments, as applicable, subject to Extension Elections shall be amended to Extended Term Loans or Revolving Credit Commitments, as applicable, on a pro rata basis (subject to rounding by the Administrative Agent, which shall be conclusive) based on the aggregate principal amount of Term Loans or Revolving Credit Commitments, as applicable, included in each such Extension Election.

  • Extension of Credit For the purposes hereof, each drawdown, rollover and conversion shall be deemed to be an extension of credit to the Borrower hereunder.

  • The Commitments and Credit Extensions 2.01 The Loans.

  • Commitments and Credit Extensions 33 Loans ......................................................................................................................33 Borrowings, Conversions and Continuations of Loans .........................................33

  • Conditions of Initial Credit Extension The obligation of the L/C Issuer and each Lender to make its initial Credit Extension hereunder is subject to satisfaction of the following conditions precedent:

  • Initial Extension of Credit The obligation of Lender to make the initial Advance or issue the initial Letter of Credit is subject to the condition precedent that Lender will have received on or before the day of such Advance or issuance of such Letter of Credit all of the following, each dated (unless otherwise indicated) the Closing Date, in form and substance satisfactory to Lender:

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