Initial Extensions of Credit definition

Initial Extensions of Credit means, collectively, the initial Borrowings under one or more of the Facilities and/or the initial issuances of one or more Letters of Credit made (or deemed to have been made) on the Effective Date.
Initial Extensions of Credit means the initial Borrowing hereunder.

Examples of Initial Extensions of Credit in a sentence

  • ARTICLE VI CONDITIONS OF CLOSING AND BORROWING SECTION 6.1 Conditions to Closing and Initial Extensions of Credit.

  • SECTION 6.1 Conditions to Closing and Initial Extensions of Credit.

  • SECTION 5.1 Conditions to Closing and Initial Extensions of Credit.

  • SECTION 5.1 Conditions to Effectiveness and Initial Extensions of Credit .

  • Section 4.1 Conditions to Closing and Initial Extensions of Credit.

  • Conditions Precedent to Effectiveness of this Agreement and Initial Extensions of Credit.

  • Section 5.1 Conditions to Closing and Initial Extensions of Credit 52 Section 5.2 Conditions to All Extensions of Credit 55 Section 6.1 Existence, Etc.

  • SECTION 6.2 Conditions to Closing and Initial Extensions of Credit.

  • Conditions to Restructuring of the Existing Revolving Credit Loans and the Initial Extensions of Credit .

  • CONDITIONS OF LENDING AND ISSUANCE OF LETTERS OF CREDIT 54 7.1 Conditions Precedent to the Execution of the Credit Agreement 54 7.1.1 Deliveries 54 7.1.2 Payment of Fees 55 7.2 Conditions Precedent to Initial Extensions of Credit 55 7.3 Conditions Precedent to All Extensions of Credit 55 8.

Related to Initial Extensions of Credit

  • Total Extensions of Credit at any time, the aggregate amount of the Extensions of Credit of the Lenders outstanding at such time.

  • Revolving Extensions of Credit as to any Revolving Lender at any time, an amount equal to the sum of (a) the aggregate principal amount of all Revolving Loans held by such Lender then outstanding, (b) such Lender’s Revolving Percentage of the L/C Obligations then outstanding and (c) such Lender’s Revolving Percentage of the aggregate principal amount of Swingline Loans then outstanding.

  • Total Revolving Extensions of Credit at any time, the aggregate amount of the Revolving Extensions of Credit of the Revolving Lenders outstanding at such time.

  • Initial Extension of Credit means the earlier to occur of the initial Borrowing and the initial issuance of a Letter of Credit hereunder.

  • Aggregate Outstanding Extensions of Credit as to any Lender with respect to any Type of Loan at any time, an amount equal to the sum of (a) the aggregate principal amount of all Loans of such Type made by such Lender then outstanding and (b) such Lender's Commitment Percentage of the L/C Obligations then outstanding.

  • Extensions of Credit means, as to any Lender at any time, (a) an amount equal to the sum of (i) the aggregate principal amount of all Revolving Credit Loans made by such Lender then outstanding, (ii) such Lender’s Commitment Percentage of the L/C Obligations then outstanding and (iii) such Lender’s Commitment Percentage of the Swingline Loans then outstanding, or (b) the making of any Loan or participation in any Letter of Credit by such Lender, as the context requires.

  • Extension of Credit means, as to any Lender, the making of a Loan by such Lender or the issuance of, or participation in, a Letter of Credit by such Lender.

  • 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.

  • Additional Credit Extension Amendment means an amendment to this Agreement providing for any Incremental Commitments which shall be consistent with the applicable provisions of this Agreement relating to such Incremental Commitments and otherwise reasonably satisfactory to the Administrative Agent and the Borrower.

  • 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.

  • Revolving Credit Extension Request shall have the meaning provided in Section 2.14(f)(ii).

  • Additional Revolving Loans means any revolving loan added hereunder pursuant to Section 2.22, 2.23 or 9.02(c)(ii).

  • Credit Extension Date means the Borrowing Date for an Advance or the issuance date for a Facility LC.

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Revolving Loans as defined in Section 2.4(a).

  • Total Utilization of Revolving Loan Commitments means, as at any date of determination, the sum of (i) the aggregate principal amount of all outstanding Revolving Loans (other than Revolving Loans made for the purpose of repaying any Refunded Swing Line Loans or reimbursing the applicable Issuing Lender for any amount drawn under any Letter of Credit but not yet so applied) plus (ii) the aggregate principal amount of all outstanding Swing Line Loans plus (iii) the Letter of Credit Usage.

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

  • Incremental Revolving Loans has the meaning assigned to such term in Section 2.22(a).

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

  • Dollar Letters of Credit means Letters of Credit that utilize the Dollar Commitments.

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

  • Request for Extension of Credit means a written request substantially in the form of Exhibit A duly completed and signed by a Responsible Officer, or a telephonic request followed by such a written request, in each case delivered to Administrative Agent by Requisite Notice. In the case of a request for a new or amended Letter of Credit, the written Letter of Credit Application shall be deemed to be the Request for Extension of Credit.

  • Additional Revolving Credit Commitments means any revolving credit commitment added pursuant to Sections 2.22, 2.23 and/or 9.02(c)(ii).

  • Existing Revolving Loans has the meaning specified in Section 2.16(a).