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

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

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

Examples of Credit Extension in a sentence

No Default shall exist, or would result from such proposed Credit Extension or from the application of the proceeds thereof.
Directly or indirectly, use any Credit Extension or the proceeds of any Credit Extension for any purpose which would breach the United States Foreign Corrupt Practices Act of 1977, the UK Bribery Act 2010 and other similar anti-corruption legislation in other jurisdictions.
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.
Use the proceeds of any Credit Extension, whether directly or indirectly, and whether immediately, incidentally or ultimately, to purchase or carry margin stock (within the meaning of Regulation U of the FRB) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund indebtedness originally incurred for such purpose.
The Lender shall have received a Request for Credit Extension in accordance with the requirements hereof.

More Definitions of Credit Extension

Credit Extension means the making of a Loan.

Credit Extension means a Borrowing.

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

Credit Extension means the making of a Loan or the issuance, amendment (if increasing the face amount thereof) or extension of a Letter of Credit.

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