Utilisation Date definition

Utilisation Date means the date of a Utilisation, being the date on which the relevant Loan is to be made.

Utilisation Date means the date on which a Utilisation is made.

Utilisation Date means the date of a Loan, being the date on which the relevant Loan is to be made.

Examples of Utilisation Date in a sentence

• If the Majority Lxxxxxx, at their discretion, permit the Loan to be borrowed before any of the conditions precedent referred to in Clause 4.1 (Initial conditions precedent) or Clause 4.2 (Further conditions precedent) has been satisfied, the Borrower shall ensure that that condition is satisfied within ten Business Days after the Utilisation Date or such later date as the Facility Agent, acting with the authorisation of the Majority Lenders, may agree in writing with the Borrower.

• The undertakings in this Clause 22 (Insurance Undertakings) remain in force from the Utilisation Date and throughout the rest of the Security Period except as the Facility Agent, acting with the authorisation of the Majority Lenders (or, where specified, all the Lenders) may otherwise permit.

• The undertakings in this Clause 23 (General Ship Undertakings) remain in force on and from the Utilisation Date and throughout the rest of the Security Period except as the Facility Agent, acting with the authorisation of the Majority Lenders (or, where specified, all the Lenders) may otherwise permit.

• If the Majority Xxxxxxx, at their discretion, permit the Loan to be borrowed before any of the conditions precedent referred to in Clause 4.1 (Initial conditions precedent) or Clause 4.2 (Further conditions precedent) has been satisfied, the Borrowers shall ensure that that condition is satisfied within five Business Days after the Utilisation Date, the Release Date or such later date as the Facility Agent, acting with the authorisation of the Majority Lenders, may agree in writing with the Borrowers.

• The Borrowers shall repay the Loan by 16 consecutive quarterly instalments, each of the first eight instalments in an amount of $2,875,000 and the remaining eight instalments in an amount of $1,500,000 (each a "Repayment Instalment"), the first of which shall be repaid on the date falling three Months after the Utilisation Date and the last on the Termination Date together with a balloon instalment in an amount of $5,000,000 (the "Balloon Instalment").

More Definitions of Utilisation Date

Utilisation Date means the date on which a Utilisation is, or is to be, made.

Utilisation Date means the date on which a Letter of Credit is to be issued.

Utilisation Date means, in relation to an Advance, the date on which it is to be made.

Utilisation Date means each date on which the Facility is utilised.

Utilisation Date means the date of a Utilisation, being the date on which the Advance in respect thereof is to be made or the Letter of Credit in respect thereof is to be issued (or, in relation to an Existing Letter of Credit, the date on which the Banks are to commence participating therein).

Utilisation Date means in relation to each Utilisation, the date specified as such in the relative Request or, on and after the making and/or issue thereof pursuant to such Request, the date on which it was made and/or issued.

Utilisation Date means the date on which a 2018 VM Financing Facility Loan is (or is requested to be) made.