Request for Credit Extension Clause Samples
A Request for Credit Extension clause outlines the process by which a party can formally ask for an increase in their credit limit or an extension of credit terms under an agreement. Typically, this clause specifies the information that must be provided in the request, such as financial statements or justification for the extension, and may set out the timeframe and method for submitting the request. Its core practical function is to establish a clear and standardized procedure for seeking additional credit, thereby reducing misunderstandings and ensuring both parties are aware of the requirements and expectations involved.
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Request for Credit Extension. The Administrative Agent and, if applicable, the L/C Issuer or the Swingline Lender shall have received a Request for Credit Extension in accordance with the requirements hereof.
Request for Credit Extension. The Administrative Agent and, if applicable, the L/C Issuer or the Swingline Lender shall have received a Request for Credit Extension in accordance with the requirements hereof. Each Request for Credit Extension (other than a Loan Notice requesting only a conversion of Loans to the other Type or a continuation of Eurodollar Rate Loans) submitted by the Borrower shall be deemed to be a representation and warranty that the conditions specified in Sections 4.02(a) and (b) have been satisfied on and as of the date of the applicable Credit Extension.
Request for Credit Extension. Administrative Agent shall have received in accordance with this Agreement, as the case may be, a Borrowing Request or a Letter of Credit Application, as applicable, pursuant to Administrative Agent’s requirements and executed by a Responsible Officer of Borrower;
Request for Credit Extension. The Administrative Agent shall have received a Request for Credit Extension in accordance with the requirements hereof. Each Request for Credit Extension (other than a Loan Notice requesting only a continuation of Term SOFR Loans) submitted by the Borrower shall be deemed to be a representation and warranty that the conditions specified in Sections 4.02(a) and (b) have been satisfied on and as of the date of the applicable Credit Extension.
Request for Credit Extension. The Lender shall have received a Request for Credit Extension in accordance with the requirements hereof.
Request for Credit Extension. The Administrative Agent shall have received a Loan Notice relating to the initial Credit Extension.
Request for Credit Extension. The Lender shall have received a Request for Credit Extension in accordance with the requirements hereof. Each Request for Credit Extension (other than a Loan Notice requesting only a conversion or continuation of a Revolving Loan) submitted by the Borrower shall be deemed to be a representation and warranty that the conditions specified in Sections 4.02(a) and (b) have been satisfied on and as of the date of the applicable Credit Extension.
Request for Credit Extension. The Administrative Agent and, if applicable, an L/C Issuer or the Swing Line Lender shall have received a Loan Notice or Letter of Credit Application, as applicable, relating to the initial Credit Extension. Without limiting the generality of the provisions of the last paragraph of Section 9.03, for purposes of determining compliance with the conditions specified in this Section 4.01, each Initial Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to an Initial Lender unless the Administrative Agent shall have received notice from such Lender prior to the proposed Closing Date specifying its objection thereto.
Request for Credit Extension. The Administrative Agent and, if applicable, the L/C Issuer or the Swing Line Lender shall have received a Committed Loan Notice or Letter of Credit Application, as applicable, relating to the initial Credit Extension. At any time after the Effective Date, the Administrative Agent will, if so requested by the Borrower, deliver to the Borrower a certificate confirming satisfaction of such conditions precedent set out in this Section 4.01 as have been satisfied as of the date of such certificate or, in so far as documentary conditions precedent are concerned, as are in an agreed form as of the date of such certificate such that that the applicable condition precedent would be satisfied if such document were delivered on the Closing Date in such agreed form, in each case in the sole determination of the Administrative Agent.
Request for Credit Extension. The Administrative Agent shall have received a Request for Credit Extension in accordance with the requirements hereof. Without limiting the generality of the provisions of Section 9.04, for purposes of determining compliance with the conditions specified in this Section 5.01, each Lender that has signed this Credit Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received notice from such Lender prior to the proposed Closing Date specifying its objection thereto.