Credit Extensions definition

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

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Credit Extensions means the Loans and the Letters of Credit.

Credit Extensions means (a) an Advance made by any Lender, and (b) the issuance, increase or extension of any Letter of Credit by the Issuing Lender.

Examples of Credit Extensions in a sentence

• As the disclosed principal for its agent, each Borrower shall be obligated to each Credit Party on account of Credit Extensions so made as if made directly by the applicable Credit Party to such Borrower, notwithstanding the manner by which such Credit Extensions are recorded on the books and records of the Lead Borrower and of any other Borrower.

• The Agents, the L/C Issuer and the Lenders shall be entitled to rely and act upon any notices (including, without limitation, all Requests for Credit Extensions) purportedly given by or on behalf of the Loan Parties even if (i) such notices were not made in a manner specified herein, were incomplete or were not preceded or followed by any other form of notice specified herein, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof.

• None of the proceeds of the Credit Extensions shall be used directly or indirectly for the purpose of purchasing or carrying any Margin Stock, for the purpose of extending credit to others for the purpose of purchasing or carrying any Margin Stock, or for any purpose that violates the provisions of Regulation T, U or X of the FRB.

• Use the proceeds of the Credit Extensions (a) to refinance existing indebtedness, including indebtedness under the Existing Creditthis Agreement immediately prior to the First Amendment Effective Date and (b) to finance working capital, capital expenditures and other lawful corporate purposes; provided that in no event shall the proceeds of the Credit Extensions be used in contravention of any Law or of any Loan Document.

• Conditions to all Credit Extensions....................................................................

More Definitions of Credit Extensions

Credit Extensions as of any day, shall be equal to the sum of (a) the principal balance of all Loans then outstanding, and (b) the then amount of the Letter of Credit Outstandings.

Credit Extensions means as of any day, the sum of (a) the principal balance of all Revolving Loans then outstanding, and (b) the then amount of the Letter of Credit Outstandings.

Credit Extensions means each Credit Extension as defined in the Credit Agreement.

Credit Extensions means, collectively, the Canadian Credit Extensions, the UK Credit Extensions and the Domestic Credit Extensions.

Credit Extensions means all of the following: (a) the Loans, (b) all Extraordinary Advances and (c) all Letters of Credit.

Credit Extensions shall have the meaning set forth in the third recital.

Credit Extensions is defined in the first recital.