Extension of Credit definition

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

Extension of Credit means the making of a Borrowing, the issuance of a Letter of Credit or the amendment of any Letter of Credit having the effect of extending the stated termination date thereof or increasing the maximum amount available to be drawn thereunder. For purposes of this Agreement, a Conversion shall not constitute an Extension of Credit.

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.

Examples of Extension of Credit in a sentence

• Use the proceeds of any Extension of Credit to buy or carry Margin Stock.

• With respect to any requests for any Revolving Extensions of Credit, after giving effect to such Revolving Extension of Credit, the availability and borrowing limitations specified in Section 2.4 shall be complied with.

• The Borrower is not engaged and will not engage, principally or as one of its important activities, in the business of purchasing or carrying Margin Stock, or extending credit for the purpose of purchasing or carrying Margin Stock, and no part of the proceeds of any Revolving Extension of Credit hereunder will be used to buy or carry any Margin Stock.

• Each Extension of Credit, each conversion of Loans from one Type to the other, and each continuation of EurocurrencyTerm SOFR Loans or Designated Currency Term Rate Loans shall be made upon the applicable Borrower’s irrevocable notice to the Administrative Agent, which may be given by: (A) telephone or (B) a Loan Notice; provided that any telephonic notice must be confirmed immediately by delivery to the Administrative Agent of a Loan Notice.

• In the case of an Extension of Credit to be denominated in a ForeignDesignated Currency, such currency remains an Agreed Currency.

More Definitions of Extension of Credit

Extension of Credit means (a) any Borrowing and (b) any L/C Credit Extension.

Extension of Credit means (i) the disbursement of the proceeds of any Borrowing and (ii) the issuance of a Letter of Credit or the amendment of any Letter of Credit having the effect of extending the stated termination date thereof or increasing the maximum amount available to be drawn thereunder.

Extension of Credit means the right to defer payment of debt or to incur debt and defer its payment offered or granted primarily for personal, family, or household purposes.

Extension of Credit means any loan, letter of credit or other extension of credit of any kind or character and in the case of revolving credit facilities, includes lending and relending up to the maximum amount thereof and any Permitted Increase.

Extension of Credit as to any Lender, the making of a Loan by such Lender.

Extension of Credit means, as to any Lender, the making of a Loan by such Lender, any conversion of a Loan from one Type to another Type, any extension of any Loan or the issuance, extension or renewal of, or participation in, a Letter of Credit or Swingline Loan by such Lender.

Extension of Credit means the right to defer payment of debt or to incur debt.