Extension Bank definition
Examples of Extension Bank in a sentence
In addition, prior to making any Credit Extension, Bank shall have received copies of all documents required to have been delivered to Bank pursuant to this Agreement.
If all or part of the Facility is extended in accordance with Clause 2.4.3 (Extension Option), the Parent shall pay to the US Agent for distribution to each Extension Bank an extension fee in the amounts and on the date agreed in the relevant Fee Letter.
With respect to each Eurodollar Option Extension, Bank is hereby authorized to note the date, principal amount, interest rate and Eurodollar Interest Period applicable thereto and any payments made thereon on Bank’s books and records (either manually or by electronic entry) and/or on any schedule attached to the Loan Agreement, which notations shall be prima facie evidence of the accuracy of the information Loan Agreement.
Upon full and final payment of all Obligations (except inchoate indemnification obligations with respect to which no claims have been asserted in writing) and provided Bank has no further obligation to make any Credit Extension, Bank shall, upon written request by Borrower, promptly release its liens and security interests in the Collateral at Borrower’s sole cost and expense.