Certain Funds Credit Extension definition

Certain Funds Credit Extension means any Bridge Term Borrowing made or to be made during the Certain Funds Period.
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Certain Funds Credit Extension means (a) a Term Borrowing made during the Certain Funds Period solely for a Certain Funds Purpose, (b) a Revolving Credit Borrowing or Swing Line Borrowing made during the Certain Funds Period solely for the purposes of clause (d), (f) and/or (h) of the definition of Certain Funds Purpose and (c) issuances of Letters of Credit during the Certain Funds Period solely for the purposes of clause (d) of the definition of Certain Funds Purpose so long as such Letters of Credit have been issued to support reimbursement obligations in respect of any Existing Letter of Credit or Bank Guarantee.
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Certain Funds Credit Extension means a Credit Extension made or to be made under any 2017 Incremental Term Facility during the Certain Funds Period where such Credit Extension is to be made solely for the purposes described in Section 6.10.
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Examples of Certain Funds Credit Extension in a sentence

  • Borrower will use the proceeds of the Extensions of Credit for general corporate purposes; provided that the proceeds of any Certain Funds Credit Extension shall only be used for Certain Funds Purposes.

  • Notwithstanding anything herein to the contrary, any request for a Certain Funds Credit Extension may be revocable or made contingent on the closing of the Target Acquisition (or a portion of the Target Acquisition, including any acquisition of Target shares during the Certain Funds Period); provided that any request for a Certain Funds Credit Extension shall certify that the proceeds thereof shall be used solely for Certain Funds Purposes.

  • If a Borrower requests a Borrowing but fails to specify if such Borrowing is a Certain Funds Credit Extension, such Borrowing will be deemed not to be a Certain Funds Credit Extension.

  • Note that Certain Funds Credit Extension can only be borrowed in Dollars.

  • The 2017 Incremental Term Loan Commitments shall automatically terminate upon the making of the applicable 2017 Incremental Term Loans thereunder on the relevant Certain Funds Credit Extension Date relating thereto.

  • The Certain Funds Credit Extension will be available in a single drawing on the Certain Funds Closing Date.

  • The proceeds of the Revolving Loans will be used solely for, and Letters of Credit will be issued only to support, working capital needs #96405571v11 and other general corporate purposes of the Company and its Subsidiaries, including, without limitation, the financing of Acquisitions; provided, that the proceeds of the Certain Funds Credit Extension shall only be used for Certain Funds Purposes.

  • No Major Default has occurred and is continuing or would result from the proposed Certain Funds Credit Extension.

  • Upon the Borrowing of the Certain Funds Credit Extension on the Certain Funds Closing Date, the Certain Funds Sublimit and Certain Funds Commitments shall be automatically and permanently reduced to zero.

  • Use the proceeds of any Credit Extension (other than a Certain Funds Credit Extension), whether directly or indirectly, and whether immediately, incidentally or ultimately, to purchase or carry Margin Stock or to extend credit to others for the purpose of purchasing or carrying Margin Stock or to refund indebtedness originally incurred for such purpose and use the proceeds of any Certain Funds Credit Extension for any purpose other than as contemplated by Section 7.11(b).


More Definitions of Certain Funds Credit Extension

Certain Funds Credit Extension means a single Committed Borrowing in Dollars or Sterling made during the Certain Funds Period to the Certain Funds Borrower to finance a Certain Funds Purpose.
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Certain Funds Credit Extension means any Tranche B-2 Term Borrowing made or to be made during the Certain Funds Period. “Certain Funds Default” means (x) an Event of Default arising under any of the following clauses of Section 8.01: (a)(i), (ii) and (iii) (but in each case only with respect to -9-Last Saved: 08/19/2013 8:50 pm CG&R Draft 0000000000v1 0000000000
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Certain Funds Credit Extension means a single Borrowing in Dollars made or to be made during the Certain Funds Period where such Borrowing is to be made solely to the Company and to finance a Certain Funds Purpose. “Certain Funds Period” means the period commencing on the Second Amendment Effective Date and ending on the earliest to occur of:
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Certain Funds Credit Extension means any Tranche A Term Borrowing made or to be made during the Certain Funds Period. “Certain Funds Default” means (x) an Event of Default arising under any of the following clauses of Section 8.01: (a)(i), (ii) and (iii) (but in each case only with respect to any amount payable in respect of the Original Tranche A Term Facility), (b) (but only with respect to (A) Section 6.05(a), (B) if such Event of Default continues for thirty (30) days after notice thereof by the Administrative Agent to the Borrower, Sections 7.01, 7.02 and 7.04 and 12 1002217597 1001820109v3
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Related to Certain Funds Credit Extension

  • 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.

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

  • 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.

  • 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.

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

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

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

  • Additional Credit Extension Amendment means an amendment to this Agreement providing for any New Term Loans which shall be consistent with the applicable provisions of this Agreement relating to New Term Loans otherwise satisfactory to the Agent and the Borrower.

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

  • 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.

  • Credit Event UPB means, with respect to any Credit Event Reference Obligation, the unpaid principal balance thereof as of the end of the Reporting Period related to the Payment Date that it became a Credit Event Reference Obligation.

  • 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.

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

  • Borrowing Date any Business Day specified by the Borrower as a date on which the Borrower requests the relevant Lenders to make Loans hereunder.

  • Term Loan as defined in Section 2.1.

  • Funding Date is any date on which a Credit Extension is made to or for the account of Borrower which shall be a Business Day.

  • Credit Event Notice means an irrevocable notice from the Issuer or the Swap Counterparty, as the case may be, to the other party (in the form and delivered in the manner described in the Default Swap) that describes a Credit Event that occurred on or after the Effective Date of the Default Swap.

  • Revolver means a short firearm having a cylinder of several chambers that are brought successively into line with the barrel to be discharged, designed to be aimed and fired by the use of a single hand.

  • Revolving Line of Credit means the Commitments of the Lenders to make Revolving Loans pursuant to Section 3 of this Financing Agreement and assist the Companies in opening Letters of Credit, Bankers Acceptances, Steamship Guarantees and Airway Releases pursuant to Section 5 of this Financing Agreement, in an aggregate amount equal to $250,000,000.

  • Letter of Credit Default means with respect to a Letter of Credit, the occurrence of any of the following events:

  • Credit Event shall have the meaning assigned to such term in Section 4.01.

  • Loan Advance The meaning specified in Section 2.2(a).

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).