Common use of Banks' Commitments Clause in Contracts

Banks' Commitments. Notwithstanding the Maximum Utilisation Amount and Maximum Monthly Utilisation amounts set out in clause 4.2(b), no Bank is obliged to participate in the making of an Advance if to do so would cause the aggregate of its participation in Advances outstanding under this Agreement to exceed its Commitment.

Appears in 2 contracts

Sources: Syndicated Senior Secured Debt Facility Agreement (Uih Australia Pacific Inc), Loan Agreement (Uih Australia Pacific Inc)