Credit Accommodation definition

Credit Accommodation has the meaning set forth in Section 1.1(a).
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Credit Accommodation any advance or other extension of credit by Lender to or on behalf of Borrower hereunder.
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Credit Accommodation any Advance or other extension of credit by Lender to or on behalf of Borrower hereunder or under any Evidence of Special Credit Accommodation.
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Examples of Credit Accommodation in a sentence

  • Lender shall have no liability of any kind with respect to any Letter of Credit Accommodation provided by an issuer other than Lender unless Lender has duly executed and delivered to such issuer the application or a guarantee or indemnification in writing with respect to such Letter of Credit Accommodation.

  • Concurrently with the issuance of each Letter of Credit Accommodation, the LC Issuer shall be deemed to have sold and transferred to each Lender with a Commitment, and each such Lender shall be deemed irrevocably and unconditionally to have purchased and received from the Issuing Lender, without recourse or warranty, an undivided interest and participation, to the extent of such Lender’s Pro Rata Share, in such Letter of Credit Accommodation and Borrower’s reimbursement obligations with respect thereto.

  • Borrower shall be bound by any interpretation made in good faith by Administrative Agent, or any other LC Issuer or correspondent under or in connection with any Letter of Credit Accommodation or any documents, drafts or acceptances thereunder, notwithstanding that such interpretation may be inconsistent with any instructions of Borrower.

  • Any rights, remedies, duties or obligations granted or undertaken by Borrower to any LC Issuer or correspondent in any application for any Letter of Credit Accommodation, or any other agreement in favor of any LC Issuer or correspondent relating to any Letter of Credit Accommodation, shall be deemed to have been granted or undertaken by Borrower to Administrative Agent for the ratable benefit of Lenders.

  • By written notice to Lender, Ex-Im Bank may also immediately suspend Lender’s right to exercise Delegated Authority with respect to Credit Accommodations supporting exports to certain countries in the event Ex-Im Bank does not receive appropriations to fund its activities in or is prohibited by law from supporting exports to such countries; provided that such suspension shall not affect the validity and continued effectiveness of the Guarantee for any Credit Accommodation made prior to such suspension.


More Definitions of Credit Accommodation

Credit Accommodation means any debt of the Borrower to the Lender and all terms and conditions of said debt.
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Credit Accommodation has the meaning set forth in Section 1.1(a).'
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Credit Accommodation. Any advance or other extension of credit by Meridian to or on behalf of Client hereunder.
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Credit Accommodation means, collectively, Disbursements and issuances of Letter of Credit.
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Credit Accommodation means (a) any bond issued or guaranteed by, or any loan or advance now or hereafter made to or guaranteed by, the
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Credit Accommodation any advance or other extension of credit under this Agreement by Lender to or on behalf of Borrower.
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Credit Accommodation has the meaning set forth in Section l.l(a).
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