Credit Extensions definition

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

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

• The accounts or records maintained by the Administrative Agent and each Lender shall be conclusive absent manifest error of the amount of the Credit Extensions made by the Lenders to the Borrowers and the interest and payments thereon.

• Use the proceeds of the Credit Extensions for general corporate purposes not in contravention of any Law or of any Loan Document.

• It is the position, intent and expectation of the parties that Borrowers and each Guarantor have derived and will derive significant and substantial benefits from the Credit Extensions to be made available by Lending Parties under the Loan Documents.

• The Credit Extensions provided to or for the benefit of Borrower hereunder by Lending Parties have been and are to be contemporaneously used for the benefit of Borrower sand each Guarantor.

• Upon payment in full in cash of the Obligations and at such time as Xxxxxx’s obligation to make Credit Extensions has terminated, Lender shall, at Borrower’s sole cost and expense, release its Liens in the Collateral and all rights therein shall revert to Borrower.

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

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

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

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