Extended Credit definition
Examples of Extended Credit in a sentence
Unless otherwise specifically defined herein, each term used herein that is defined in the Existing Credit Agreement or in the Extended Credit Agreement, as the context shall require, has the meaning assigned to such term in the Existing Credit Agreement or in the Extended Credit Agreement, as applicable.
Each reference to “hereof”, “hereunder”, “herein” and “hereby” and each other similar reference and each reference to “this Amendment” and each other similar reference contained in the Existing Credit Agreement shall, on and after the Second Amendment Effective Date, refer to the Extended Credit Agreement.
The Agreement is for the benefit of the Extended Credit Facility (ECF) Loan Account of the PRGT to finance disbursements under that facility.
Each reference to “hereof”, “hereunder”, “herein” and “hereby” and each other similar reference and each reference to “this Amendment” and each other similar reference contained in the Existing Credit Agreement shall, after this Amendment becomes effective, refer to the Extended Credit Agreement.
This Agreement is formed on the acceptance of the Offer by the Member and supersedes all negotiations, representations, statements, warranties and prior agreements, whether written or oral, in respect of and concerning the provision of the Extended Credit Amount.
The Extended Credit Terms will expire, automatically and without further notice, on the [***] month anniversary of the Reorganization Plan Effective Date.
It increases the Trust’s available loan resources to cover the medium-term demand for concessional lending under the Extended Credit Facility.
The Trustee may make drawings under this agreement to finance (i) loan disbursements by the Trustee under the Extended Credit Facility Loan Account and (ii) the early repayment pursuant to Section III, paragraph 4(b) of the PRGT Instrument of the Trustee’s outstanding indebtedness under other borrowing agreements to any of the Loan Accounts of the Trust.
This clause survives termination of this Agreement and these Conditions may be pleaded in bar by Capricorn to any claim, action, proceeding or suit brought by a Member against Capricorn for any matter, circumstance or thing arising out of, concerning or in any way relating to the provision of the Extended Credit.
Upon commencement of the Chapter 11 Extended Credit Terms, BWD shall pay C&S by wire transfer or ACH: (x) [***] of the [***] Statement Amount (as defined in Section 4.1) so as to be received by C&S by [***] (EST) on the [***] immediately following the [***] Statement date; and (y) [***] of the Statement Amount (as defined in Section 4.1) so as to be received by C&S by [***] (EST) on the [***] immediately following the [***] Statement date.