Credit Extension definition

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

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

Credit Extension is any Advance or any other extension of credit by Bank for Borrower’s benefit.

Examples of Credit Extension in a sentence

• The effectiveness of this Agreement and the Revolving Credit Commitments and the obligation of each Lender to honor any Request for Credit Extension on the Conversion Date shall be subject to satisfaction (or waiver in accordance with Section 10.01) of the conditions precedent set forth in Conversion Date Restatement Agreement and Amendment.

• Such representations and warranties have been or will be relied upon by each Agent and each Lender, regardless of any investigation made by any Agent or any Lender or on their behalf and notwithstanding that any Agent or any Lender may have had notice or knowledge of any Default at the time of any Credit Extension, and shall continue in full force and effect as long as any Loan or any other Obligation hereunder shall remain unpaid or unsatisfied or any Letter of Credit shall remain outstanding.

• Use the proceeds of any Credit Extension for any purpose which would breach the United States Foreign Corrupt Practices Act of 1977, the UK Bribery Act 2010, or other similar anti-corruption or anti-bribery legislation in other jurisdictions which have jurisdiction over the Loan Parties.

• Use the proceeds of any Credit Extension, whether directly or indirectly, in a manner consistent with the uses set forth in Section 5.17.

• The Administrative Agent shall have received a Committed Loan Notice relating to the Credit Extension to be made on the Closing Date.

More Definitions of Credit Extension

Credit Extension is any Term Loan or any other extension of credit by Collateral Agent or Lenders for Borrower’s benefit.

Credit Extension means a Borrowing.

Credit Extension means each Advance, Equipment Advance, or any other extension of credit by Bank for the benefit of Borrower hereunder.

Credit Extension is any Advance, Letter of Credit, FX Forward Contract, amount utilized for Cash Management Services, or any other extension of credit by Bank for Borrower’s benefit.

Credit Extension means the making of an Advance or the issuance of a Facility LC hereunder.

Credit Extension means the making of a Loan or the issuance, amendment (if increasing the face amount thereof) or extension of a Letter of Credit.

Credit Extension means, as the context may require, (i) the making of a Loan by a Lender or (ii) the issuance of any Letter of Credit, or the amendment, extension or renewal of any existing Letter of Credit, by the Issuing Bank.