Initial Extension of Credit definition

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

Initial Extension of Credit means the initial Borrowing hereunder.

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

Examples of Initial Extension of Credit in a sentence

• CONDITIONS PRECEDENT 5.1 Conditions to Initial Extension of Credit.

• A certificate in substantially the form of Exhibit E hereto from Borrower’s chief financial officer after giving pro forma effect to the Initial Extension of Credit, and the consummation of the other elements of the Transaction, attesting to the Solvency of the Loan Parties.

• The Administrative Agent shall have received on or before the day of the Initial Extension of Credit the following, dated such day, in form and substance satisfactory to the Administrative Agent (unless otherwise specified), a Notice of Borrowing relating to the Initial Extension of Credit.

• Each Lender severally agrees, on the terms and conditions hereinafter set forth, to make advances (each a “Revolving Credit Advance”) to the Borrower from time to time on any Business Day during the period from the Business Day after the date of Initial Extension of Credit until the Termination Date in respect of the Revolving Credit Facility in an amount for each such Revolving Credit Advance not to exceed such Lender’s Unused Revolving Credit Commitment at such time.

• A Notice of Borrowing or Notice of Issuance, as applicable, relating to the Initial Extension of Credit.

More Definitions of Initial Extension of Credit

Initial Extension of Credit as to any Lender, the making of an Initial Term Loan.

Initial Extension of Credit means, collectively, the initial Borrowings under one or more of the Facilities, and/or the initial issuances of one or more Letters of Credit, made on the closing date of the Existing Credit Agreement.

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

Initial Extension of Credit means the earliest to occur of the initial Borrowing, the initial issuance of a Letter of Credit and the initial Drawing hereunder.

Initial Extension of Credit means the Borrowing at the Closing Date.

Initial Extension of Credit means, collectively, the initial Borrowings under one or more of the Facilities, and/or the initial issuances of one or more Letters of Credit, made on the Closing Date.

Initial Extension of Credit means the initial borrowing hereunder;