Extension of Credit
means, as to any Lender, the making of a Loan by such Lender or the issuance of, or participation in, a Letter of Credit by such Lender.
Extension of Credit
means the making of a Borrowing, the issuance of a Letter of Credit or the amendment of any Letter of Credit having the effect of extending the stated termination date thereof or increasing the maximum amount available to be drawn thereunder. For purposes of this Agreement, a Conversion shall not constitute an Extension of Credit.
Extension of Credit
means (i) the disbursem*nt of the proceeds of any Borrowing and (ii) the issuance of a Letter of Credit or the amendment of any Letter of Credit having the effect of extending the stated termination date thereof or increasing the maximum amount available to be drawn thereunder.
Examples of Extension of Credit in a sentence
Extension of credit is governed by credit programs that set out the plan for a particular product or portfolio, including the target market, terms and conditions, documentation and procedures under which a credit product will be offered and measured.
More Definitions of Extension of Credit
Extension of Credit
means the right to defer payment of debt or to incur debt and defer its payment offered or granted primarily for personal, family, or household purposes.
Extension of Credit
Extension of Credit
as to any Lender, the making of a Loan by such Lender.
Extension of Credit
means (a) any Borrowing and (b) any L/C Credit Extension.
Extension of Credit
means the right to defer payment of debt or to incur debt.
Extension of Credit
means (i) the making of a Borrowing (including any Conversion), (ii) the issuance of a Letter of Credit, or (iii) the amendment of any Letter of Credit having the effect of extending the stated termination date thereof, increasing the LC Outstandings thereunder, or otherwise altering any of the material terms or conditions thereof.
Extension of Credit
means, as to any Lender, without duplication, the making of a Loan by such Lender or the issuance of, or participation in, a Letter of Credit by such Lender or the issuance of, or participation in, a Swingline Loan by such Lender.
