Advances and Extensions of Credit Sample Clauses

The "Advances and Extensions of Credit" clause defines the terms under which a lender may provide funds or extend credit to a borrower. It typically outlines the conditions, limits, and procedures for making advances, such as the maximum amount available, the process for requesting funds, and any requirements the borrower must meet before receiving additional credit. This clause ensures both parties understand how and when credit can be accessed, thereby reducing misunderstandings and managing financial risk for the lender.
Advances and Extensions of Credit. Make any advance or other extension of credit to any Person except in the ordinary course of the Borrower's business and as expressly contemplated by the Investment Policies and Restrictions.
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Related to Advances and Extensions of Credit

  • Extensions of Credit The Extensions of Credit made by each Lender shall be evidenced by one or more accounts or records maintained by such Lender and by the Administrative Agent in the ordinary course of business. The accounts or records maintained by the Administrative Agent and each Lender shall be conclusive absent manifest error of the amount of the Extensions of Credit made by the Lenders to the Borrower and the interest and payments thereon. Any failure to so record or any error in doing so shall not, however, limit or otherwise affect the obligation of the Borrower hereunder to pay any amount owing with respect to the Obligations. In the event of any conflict between the accounts and records maintained by any Lender and the accounts and records of the Administrative Agent in respect of such matters, the accounts and records of the Administrative Agent shall control in the absence of manifest error. Upon the request of any Lender made through the Administrative Agent, the Borrower shall execute and deliver to such Lender (through the Administrative Agent) a Revolving Credit Note and/or Swingline Note, as applicable, which shall evidence such Lender’s Revolving Credit Loans and/or Swingline Loans, as applicable, in addition to such accounts or records. Each Lender may attach schedules to its Notes and endorse thereon the date, amount and maturity of its Loans and payments with respect thereto.

  • Conditions to All Extensions of Credit The obligation of each Lender to make any Extension of Credit hereunder is subject to the satisfaction of the following conditions precedent on the date of making such Extension of Credit:

  • Commitments and Credit Extensions 2.01Loans.

  • The Commitments and Credit Extensions 2.01 The Loans.

  • Conditions to Initial Extensions of Credit The agreement of each Lender to make the initial extension of credit requested to be made by it is subject to the satisfaction, immediately prior to or concurrently with the making of such extension of credit on the Closing Date, of the following conditions precedent: