Credit Extension definition

Credit Extension means each of the following: (a) a Borrowing and (b) an L/C Credit Extension.

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Credit Extension means the making of a Loan.

Credit Extension means a Borrowing.

Examples of Credit Extension in a sentence

• All representations, warranties and agreements made herein shall survive the execution and delivery hereof and the making of any Credit Extension.

• Each request by the Borrower for the issuance or amendment of a Letter of Credit shall be deemed to be a representation by the Borrower that the L/C Credit Extension so requested complies with the conditions set forth in the proviso to the preceding sentence.

• No portion of the proceeds of any Credit Extension shall be used in any manner, whether directly or indirectly, that causes such Credit Extension or the application of such proceeds to violate Regulation U or Regulation X.

• Notwithstanding anything to the contrary herein, upon the expiration of the Availability Period or upon the occurrence of an Event of Default, if the amount on deposit in the Future Funding Reserve Account is less than the Aggregate Exposure Amount, the Borrower shall be deemed to have made a request for a Credit Extension and for such Loans to be deposited into the Future Funding Reserve Account in the amount of the lesser of (x) such shortfall and (y) the Aggregate Exposure Loan Amount.

More Definitions of Credit Extension

Credit Extension means each Advance or any other extension of credit by Bank to or for the benefit of Borrower hereunder.

Credit Extension means the making of an Advance or the issuance of a Facility LC hereunder.

Credit Extension is any Term Loan or any other extension of credit by Collateral Agent or Lenders for Borrower’s benefit.

Credit Extension is any Advance or any other extension of credit by Bank for Borrower’s benefit.

Credit Extension means each of (i) the making of a Revolving Loan or Swingline Loan or (ii) the issuance, amendment, modification, renewal or extension of any Letter of Credit (other than any such amendment, modification, renewal or extension that does not increase the Stated Amount of the relevant Letter of Credit).

Credit Extension is any Advance, Letter of Credit, FX Forward Contract, amount utilized for Cash Management Services, or any other extension of credit by Bank for Borrower’s benefit.

Credit Extension means, as the context may require, (i) the making of a Loan by a Lender or (ii) the issuance of any Letter of Credit, or the amendment, extension or renewal of any existing Letter of Credit, by the Issuing Bank.