Examples of Utilisation Request in a sentence
Advance may be requested in each Utilisation Request and only one Advance may be made in respect of each Ship under the relevant Ship Commitment.
The Borrower may not deliver a Utilisation Request and the Lenders will not be obliged to comply with clause 5.4 (Lenders' participation) in relation to any Utilisation unless the Agent, or its duly authorised representative, has received all of the documents and other evidence listed in Part 1 of Schedule 3 (Conditions precedent to any Utilisation) in form and substance satisfactory to the Agent.
The Borrower may utilise the Facility by delivery to the Agent of a duly completed Utilisation Request not later than 11:00 a.m. three Business Days before the proposed Utilisation Date in respect of an Advance.