Common use of ESG Credit Extensions Clause in Contracts

ESG Credit Extensions. If the proposed Borrowing or L/C Credit Extension is an ESG Credit Extension, the Borrower shall have made a certification (x) that the proceeds of such ESG Credit Extension will be used for an ESG Compliant Purpose, and (y) of the applicable conditions satisfied in the definition of “Interest Rate Stepdown” for such ESG Credit Extension, if any (which certification may be included in the applicable Request for Borrowing); and

ESG Credit Extensions. If the proposed Borrowing or L/C Credit Extension is an ESG Credit Extension, the Qualified Borrower shall have made a certification (x) that the proceeds of such ESG Credit Extension will be used for an ESG Compliant Purpose, and (y) of the applicable conditions satisfied in the definition of “Interest Rate Stepdown” for such ESG Credit Extension, if any (which certification may be included in the applicable Request for Borrowing); and;