Credit Event definition

Credit Event shall have the meaning assigned to such term in Section 4.01.
Credit Event means and include the making (but not the conversion or continuation) of a Loan and the issuance of a Letter of Credit.

Examples of Credit Event in a sentence

  • The acceptance of the benefits of each Credit Event shall constitute a representation and warranty by each Credit Party to each of the Lenders that all the applicable conditions specified in Section 7 above have been satisfied as of that time.


More Definitions of Credit Event

Credit Event means any of the following: (a) the making (or deemed making) of any Loan, (b) the Conversion of a Loan and (c) the issuance of a Letter of Credit.
Credit Event means the advancing of any Loan, or the issuance of, or extension of the expiration date or increase in the amount of, any Letter of Credit.
Credit Event means the making of any Loan or the issuance of any Letter of Credit.
Credit Event means the making of any Loan.
Credit Event means the making of any Borrowing, any Conversion or Continuation or any LC Issuance.