Examples of Certain Funds Credit Extension in a sentence
If a Borrower requests a Borrowing but fails to specify if such Borrowing is a Certain Funds Credit Extension, such Borrowing will be deemed not to be a Certain Funds Credit Extension.
Notwithstanding anything herein to the contrary, any request for a Certain Funds Credit Extension may be revocable or made contingent on the closing of the Target Acquisition (or a portion of the Target Acquisition, including any acquisition of Target shares during the Certain Funds Period); provided that any request for a Certain Funds Credit Extension shall certify that the proceeds thereof shall be used solely for Certain Funds Purposes.
Note that Certain Funds Credit Extension can only be borrowed in Dollars.
Borrower will use the proceeds of the Extensions of Credit for general corporate purposes; provided that the proceeds of any Certain Funds Credit Extension shall only be used for Certain Funds Purposes.
The 2017 Incremental Term Loan Commitments shall automatically terminate upon the making of the applicable 2017 Incremental Term Loans thereunder on the relevant Certain Funds Credit Extension Date relating thereto.
The Company shall use its best efforts to cause all conditions precedent to the effectiveness of the Credit Agreement and to the extensions of credit for the purposes of Certain Funds Credit Extension (as defined in the Credit Agreement) only to be satisfied on or before the Closing Date.
The Certain Funds Credit Extension will be available in a single drawing on the Certain Funds Closing Date.
Use the proceeds of any Credit Extension (other than a Certain Funds Credit Extension), whether directly or indirectly, and whether immediately, incidentally or ultimately, to purchase or carry Margin Stock or to extend credit to others for the purpose of purchasing or carrying Margin Stock or to refund indebtedness originally incurred for such purpose and use the proceeds of any Certain Funds Credit Extension for any purpose other than as contemplated by Section 7.11(b).
Upon the Borrowing of the Certain Funds Credit Extension on the Certain Funds Closing Date, the Certain Funds Sublimit and Certain Funds Commitments shall be automatically and permanently reduced to zero.
In the case of a grant, profit is defined as a surplus of receipts over the costs incurred by the Beneficiary/Partners when the request is made for final payment.