Request for Extension of Credit Sample Clauses

A Request for Extension of Credit clause outlines the process by which one party may formally ask another party for additional credit or an increase in a credit limit. 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 such requests. Its core practical function is to establish clear procedures and expectations for seeking more credit, thereby reducing misunderstandings and ensuring both parties are aware of the requirements and conditions for extending credit.
Request for Extension of Credit. The Administrative Agent shall have timely received a duly completed (i) Request for Extension of Credit by Requisite Notice by the Requisite Time or (ii) LC Request by Requisite Notice by the LC Requisite Time;
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Request for Extension of Credit. The Administrative Agent shall have timely received a duly completed Request for Extension of Credit by the applicable Foreign Borrower for such Foreign Currency Loan by Requisite Notice by the Requisite Time, signed by the Company in acknowledgement of its guaranty of such Foreign Currency Loan pursuant to this Agreement;
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Request for Extension of Credit. The Senior Facility Agent, the Common Security Trustee, in the case of Letters of Credit, the applicable Senior Issuing Bank, and, in the case of Swing Line Loans, the Swing Line Lender, shall have received: (i) in the case of Letters of Credit only, a duly executed Request for Issuance, as required by and in accordance with, and meeting the requirements of, Section 3.02(a) (Letters of Credit); (ii) in the case of Working Capital Loans only, a duly executed Borrowing Notice, as required by and in accordance with, and meeting the requirements of, Section 2.02(b) (Notice of Working Capital Loan Borrowings); (iii) in the case of Swing Line Loans only, a duly executed Borrowing Notice, as required by and in accordance with, and meeting the requirements of, Section 2.04 (Swing Line Loans); and (iv) prior to the Project Completion Date, a certification of an Authorized Officer of the Borrower that the Borrower is not aware of any fact or circumstance that could reasonably be expected to delay the occurrence of the Project Completion Date after the Date Certain.[Reserved].
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Request for Extension of Credit. With respect to borrowings of ------------------------------- Loans, the Administrative Agent shall have received a Request for Extension of Credit.
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Request for Extension of Credit. The Senior Facility Agent, the Common Security Trustee, in the case of Letters of Credit, the applicable Senior Issuing Bank, and, in the case of Swing Line Loans, the Swing Line Lender, shall have received: (i) in the case of Letters of Credit only, a duly executed Request for Issuance, as required by and in accordance with, and meeting the requirements of, Section 3.02(a) (Letters of Credit); (ii) in the case of Working Capital Loans only, a duly executed Borrowing Notice, as required by and in accordance with, and meeting the requirements of, Section 2.02(b) (Notice of Working Capital Loan Borrowings); (iii) in the case of Swing Line Loans only, a duly executed Borrowing Notice, as required by and in accordance with, and meeting the requirements of, Section 2.04 (Swing Line Loans); and (iv) [Reserved].
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Request for Extension of Credit. The Applicable Agent and, if applicable, the applicable Issuing Bank or the Swingline Bank, shall have received a Notice of Loan Borrowing, a Notice of Swingline Loan Borrowing or a Letter of Credit Application, as applicable, in accordance with the requirements hereof.
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Request for Extension of Credit. Any Extension of Credit made by Lender pursuant to the Agreement must be requested by an approved manufacturer or Borrower in writing, pursuant to a Request For Extension of Credit (the 'Request') in the form of Exhibit A attached hereto.
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Request for Extension of Credit. The Administrative Agent and, if applicable, the applicable Issuing Bank or the Swingline Bank, shall have received a Notice of Loan Borrowing, a Notice of Swingline Loan Borrowing or a Letter of Credit Application, as applicable, in accordance with the requirements hereof. Each request for an Extension of Credit and each acceptance by a Borrower of an Extension of Credit shall be deemed to constitute a representation and warranty by the Borrower Representative and the Borrowers as of the date of such Extension of Credit that the applicable conditions in paragraphs (a) and (b) of this Section 5.2 have been satisfied.
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Related to Request for Extension of Credit

  • Request for Extension Upon request, the Department may extend the time allowed for both a response to the Letter of Concern and a Corrective Action Plan depending upon the nature of the deficiency. The Provider shall request an extension of time in writing from the Department’s designated representative. The written request shall contain a justification and proposed extension period.

  • 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.

  • Initial Extension of Credit The obligation of Lenders to make the initial Credit Extension hereunder is subject to the condition precedent that Administrative Agent shall have received all of the following, each dated (unless otherwise indicated or otherwise specified by Administrative Agent) the Closing Date, in form and substance satisfactory to Administrative Agent:

  • CONDITIONS OF INITIAL EXTENSION OF CREDIT The obligation of Bank to extend any credit contemplated by this Agreement is subject to the fulfillment to Bank's satisfaction of all of the following conditions:

  • No Extension of Credit The Company has not, directly or indirectly, including through a Subsidiary, extended credit, arranged to extend credit, or renewed any extension of credit, in the form of a personal loan, to or for any director or executive officer of the Company.