Common use of Credit Extension Requests Clause in Contracts

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.

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 Borrower of the proceeds of such Credit Extension shall constitute a representation and warranty by theeach the 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.