Credit Extension definition

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

Credit Extension means the making of a Loan.

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

Examples of Credit Extension in a sentence

• Any representation or warranty made or deemed made by or on behalf of any Loan Party or any of its Subsidiaries to the Lenders or the Administrative Agent under or in connection with this Agreement, any other Loan Document, any Credit Extension, or any certificate or information delivered in connection with this Agreement or any other Loan Document shall be false in any material respect on the date as of which made or deemed made.

• No delay or omission of the Lenders or the Administrative Agent to exercise any right under the Loan Documents shall impair such right or be construed to be a waiver of any Default or an acquiescence therein, and the making of a Credit Extension notwithstanding the existence of a Default or the inability of any Borrower to satisfy the conditions precedent to such Credit Extension shall not constitute any waiver or acquiescence.

• All representations, warranties and agreements made herein shall survive the execution and delivery hereof and the making of any Credit Extension.

• The failure of any Lender to make any Credit Extension it is required to make pursuant to this Agreement or to make any payment under Section 9.06 on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its required Credit Extensions pursuant to this Agreement or to make its payment under Section 9.06.

• Any Credit Extension may be made to any Borrower or continued from time to time, and any Hedge Agreements, Cash Management Agreements and Treasury Transactions may be entered into from time to time, in each case without notice to or authorization from any Guarantor regardless of the financial or other condition of such Borrower at the time of any such grant or continuation or at the time such Hedge Agreement is entered into, as the case may be.

More Definitions of Credit Extension

Credit Extension means a Borrowing.

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

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

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

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.

Credit Extension means the making of an Advance or the issuance, amendment, renewal or extension of a Letter of Credit.