Domestic Credit Extensions definition

Domestic Credit Extensions mean each of the following: (a) a Domestic Borrowing and (b) a Domestic L/C Credit Extension.
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Domestic Credit Extensions as of any day, shall be equal to the sum of (a) the principal balance of all Domestic Loans (including Swingline Loans) then outstanding, and (b) the then amount of the Domestic Letter of Credit Outstandings.
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Domestic Credit Extensions means the making of a Domestic Loan to the Domestic Borrowers or any Domestic L/C Credit Extensions. “Domestic Credit Party” and “Domestic Credit Parties” means (a) individually, (i) each Lender and its Affiliates to whom any Obligations are owed, (ii) the Agent, (iii) each L/C Issuer, (iv) the Arranger, (v) each beneficiary of each indemnification obligation undertaken by any Loan Party under any Loan Document, (vi) any other Person to whom Obligations under this Agreement and other Loan Documents are owing, and (vii) the successors and assigns of each of the foregoing, and (b) collectively, all of the foregoing.
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Examples of Domestic Credit Extensions in a sentence

  • At the effective time of each such reduction, the Domestic Borrowers shall pay to the Agent for application as provided herein (i) all Commitment Fees accrued on the amount of the Domestic Commitments so reduced through the date thereof, (ii) any amount by which the Domestic Credit Extensions outstanding on such date exceed the amount to which the Domestic Commitments are to be reduced effective on such date, in each case pro rata based on the amount prepaid, and (iii) any Breakage Costs, if applicable.

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


More Definitions of Domestic Credit Extensions

Domestic Credit Extensions means the making of a Domestic Loan to the Domestic Borrowers or any Domestic L/C Credit Extensions.
Sample 1
Domestic Credit Extensions mean each of the following: (a) a Domestic Borrowing and (b) a Domestic L/C Credit Extension. “Domestic Credit Party” or “Domestic Credit Parties” means (a) individually, (i) each Domestic Lender and its Affiliates, (ii) the Administrative Agent and its Affiliates, (iii) each L/C Issuer of any Domestic Letter of Credit, (iv) the Arrangers, (v) each beneficiary of any indemnification obligation undertaken by any Loan Party under any Loan Document with respect to the Obligations, (vi) each holder of any Other Domestic Liabilities, and (vii) the successors and assigns of each of the foregoing, and (b) collectively, all of the foregoing.
Sample 1
Domestic Credit Extensions means the making of a Domestic Loan to the Domestic Borrowers or any Domestic L/C Credit Extensions. “Domestic Credit Party” and “Domestic Credit Parties” means (a) individually, (i) each Lender and its Affiliates to whom any Obligations are owed,
Sample 1

Related to Domestic Credit Extensions

  • L/C Credit Extension means, with respect to any Letter of Credit, the issuance thereof or extension of the expiry date thereof, or the increase of the amount thereof.

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

  • Request for Credit Extension means (a) with respect to a Borrowing, conversion or continuation of Term Loans or Revolving Credit Loans, a Committed Loan Notice, (b) with respect to an L/C Credit Extension, a Letter of Credit Application, and (c) with respect to a Swing Line Loan, a Swing Line Loan Notice.

  • Domestic Borrowing Base means, at any time of calculation, an amount equal to:

  • Canadian Borrowing means a Borrowing of Canadian Loans.