Credit Extension definition

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

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Credit Extension means the making of a Loan.

Credit Extension means a Borrowing.

Examples of Credit Extension in a sentence

• Each Lender may make any Credit Extension to the Borrower Parties through any Lending Office, provided that the exercise of this option will not affect the obligation of the Borrower Parties to repay such Credit Extension in accordance with the terms of this Credit Agreement.

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

• Administrative Agent (or its counsel, as applicable) has received payment of all fees and other amounts due and payable by any Borrower Party on or prior to the date of such Credit Extension and, to the extent invoiced, reimbursement or payment of all reasonable expenses required to be reimbursed or paid by any Borrower Party hereunder.

• If any Lender makes available to Administrative Agent funds for any Loan to be made by such Lender as provided herein, and such funds are not made available to the applicable Borrower Party by Administrative Agent because the conditions to the applicable Credit Extension set forth in Section 6 are not satisfied or waived in accordance with the terms hereof, Administrative Agent will return such funds (in like funds as received from such Lender) to such Lender, without interest.

• In connection with each Request for Credit Extension, each Borrower Party shall be deemed to have represented and warranted to Secured Parties on the date of such Borrowing that, as of the date of the requested Borrowing, the proceeds of such Borrowing will not be used by such Borrower Party to, directly or indirectly, either (x) purchase any asset or securities from any Regulation W Affiliate or (y) invest in any fund sponsored by Lender or Affiliate thereof.

More Definitions of Credit Extension

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

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 or any other extension of credit by Bank for Borrower’s benefit.

Credit Extension means each of (i) the making of a Revolving Loan or Swingline Loan or (ii) the issuance, amendment, modification, renewal or extension of any Letter of Credit (other than any such amendment, modification, renewal or extension that does not increase the Stated Amount of the relevant Letter of Credit).

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, 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.