Completion of Utilisation Requests Clause Samples

Completion of Utilisation Requests. A Utilisation Request for an Interim Term Loan will not be regarded as having been duly completed unless: (a) the proposed Utilisation Date is a Business Day falling within the relevant Availability Period applicable to that Interim Facility; (b) the amount of the Interim Term Loan requested does not exceed the Total Interim Commitments (when aggregated with the amount of each other Interim Term Loan made or due to be made on or before the proposed Utilisation Date); (c) the currency of the Interim Term Loan requested is in USD.
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Completion of Utilisation Requests. A Utilisation Request will not be regarded as having been duly completed unless: 4.2.1 the proposed Utilisation Date is a Business Day falling within the Availability Period; 4.2.2 the Loan requested is in Rands and the amount of the Loan requested is not more than the Available Facility and which is a minimum amount of R1 000 000 and an integral multiple of R1 000 000 or, if less, the Available Facility; 4.2.3 it complies with the provisions of clause 3.3 (Number of Utilisations and Maximum Amounts); and 4.2.4 it identifies the Borrower WCF Account as the bank account into which the Lender is to disburse the proceeds of the Loan. Only one Loan may be requested in a Utilisation Request.
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Completion of Utilisation Requests. A Utilisation Request for an Interim Loan will not be regarded as having been duly completed unless: (a) [Reserved] (b) the proposed Utilisation Date is a Business Day falling within the relevant Availability Period; (c) the Base Currency Amount of the Interim Term Loan requested, when aggregated with the Base Currency Amount of each other Interim Term Loan made or due to be made on or before the proposed Utilisation Date, does not exceed the Total Interim Term Commitments; and (d) the currency of the Interim Term Loan requested is in Sterling.
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Completion of Utilisation Requests. A Utilisation Request will not be regarded as having been duly completed unless: 5.3.1 the Loan requested is in Rands and the amount of the Loan requested is not more than the Available Facility and which is a minimum amount of R1,000,000 and an integral multiple of R1,000,000 or, if less, the Available Facility; 5.3.2 it complies with the provisions of clause 4.4 (Number of Utilisations and Maximum Loans); and 5.3.3 it identifies the bank account into which the Lender is to disburse the proceeds of the Loan. Only one Loan may be requested in an Utilisation Request.
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Completion of Utilisation Requests. A Utilisation Request for a Loan will not be regarded as having been duly completed unless: (a) the proposed Utilisation Date is a Business Day falling within the Availability Period; (b) the amount of the Loan requested, when aggregated with the amount of each other Loan made or due to be made on or before the proposed Utilisation Date, does not exceed the aggregate amount of the then available Commitments; and (c) the currency of the Loan requested is US Dollars.
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Completion of Utilisation Requests. (a) Each Utilisation Request is irrevocable and will not be regarded as having been duly completed unless: (i) it identifies the Tranche to be utilised; (ii) the proposed Utilisation Date is a Business Day falling on or before the last day of the relevant Availability Period for that Tranche; (iii) the currency and amount of the Utilisation comply with clause 5.3 (Currency and amount); (iv) the proposed Interest Period complies with clause 9 (Interest Periods); and (v) it identifies the purpose of the Utilisation and that purpose complies with clause 3 (Purpose). (b) Only one Advance may be requested in a Utilisation Request.
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Completion of Utilisation Requests. (a) Each Utilisation Request is irrevocable but will not be regarded as having been duly completed unless: (i) it has been signed by the Lender and amended as it may in its absolute discretion require; (ii) it identifies the currency and the amount of the proposed Advance, the initial Interest Period for the proposed Advance and the purpose for which the proceeds of each proposed Advance are to be used (all of which comply with the terms of this Agreement); (iii) it identifies the proposed Utilisation Date and the proposed Utilisation Date is a Business Day within the Availability Period applicable to the Facility; and (iv) duly completed Annexes to such Utilisation Request for the relevant Assets are attached thereto. (b) Unless otherwise agreed by the Lender, no more than one Utilisation Request may be delivered to the Lender on any one (1) Business Day. (c) Unless otherwise agreed by the Lender, no more than three Utilisation Requests may be delivered to the Lender the proposed Utilisation Dates for which fall within one week.
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Completion of Utilisation Requests. A Utilisation Request will not be regarded as having been duly completed unless: 4.2.1 the proposed Utilisation Date is a Business Day falling within the Availability Period; 4.2.2 the Loan requested is in Rands and the amount of the Loan requested is not more than the Available Facility and which is a minimum amount of R1 000 000 and an integral multiple of R1 000 000 or, if less, the Available Facility; 4.2.3 it complies with the provisions of clause 3.3 (Maximum Amounts); and 4.2.4 it identifies the Opco Account as the bank account into which the Lender is to disburse the proceeds of the Loan. Only one Loan may be requested in a Utilisation Request.
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Related to Completion of Utilisation Requests

  • Completion of a Utilisation Request (a) Each Utilisation Request is irrevocable and will not be regarded as having been duly completed unless: (i) the proposed Utilisation Date is a Business Day within the Availability Period; (ii) the currency and amount of the Utilisation comply with Clause 5.3 (Currency and amount); and (iii) the proposed Interest Period complies with Clause 10 (Interest Periods). (b) Only one Loan may be requested in each Utilisation Request.

  • Delivery of a Utilisation Request The Borrower may utilise the Facility by delivery to the Agent of a duly completed Utilisation Request not later than the Specified Time.

  • Conditions of Utilisation 4.1 Initial conditions precedent

  • Utilisation 4.1 Conditions to Utilisation Save as otherwise provided in this Agreement, an Advance will be made by the Lenders to a Borrower or a Documentary Credit will be issued by an L/C Bank at a Borrower’s (other than the US Borrower’s) request if: (a) in the case of an Advance, the Facility Agent has received from such Borrower a duly completed Utilisation Request in the relevant form, and in the case of a Documentary Credit, both the Facility Agent and the L/C Bank have received from a Borrower (other than the US Borrower) a duly completed Utilisation Request in the relevant form, in each case, no earlier than the day which is 10 Business Days and no later than 2:00 p.m. on the day which is 3 Business Days (or in the case of any Documentary Credit which is not or will not be in the form of Schedule 12 (Form of Documentary Credit), no later than 2:00 p.m. on the day which is 5 Business Days) prior to the proposed Utilisation Date for such Advance or Documentary Credit, receipt of which shall oblige such Borrower to utilise the amount requested on the Utilisation Date stated therein upon the terms and subject to the conditions contained in this Agreement; (b) the proposed Utilisation Date is a Business Day for the proposed currency of the Advance or Documentary Credit, as the case may be, which is or precedes the relevant Termination Date; (c) in the case of a Utilisation by way of Term Facility Advance, such Utilisation would result in the maximum principal amount of the Term Facility Advance being utilised, or in the case of a Utilisation by way of a Revolving Facility Advance, such Utilisation occurs on or after the maximum principal amount of the Term Facility being utilised and, the proposed Sterling Amount of such Revolving Facility Advance is (i) equal to the amount of the Available Revolving Facility Commitment at such time, or (ii) less than such amount but equal to a minimum of £5 million, or an integral multiple of £1 million; (d) in the case of a Utilisation by way of Documentary Credit, the proposed Sterling Amount of such Documentary Credit is (i) equal to the amount of the Available Revolving Facility or (ii) less than such amount but equal to or more than £1 million or such lesser amount as the L/C Bank may agree; (e) in the case of a Utilisation by way of a Revolving Facility Advance, immediately after the making of such Advance there will be no more than 10 Revolving Facility Advances then outstanding; (f) in the case of a Utilisation by way of a Documentary Credit, the proposed Term of the Documentary Credit ends on or before the Termination Date in respect of the Revolving Facility; (g) in the case of a Utilisation by way of a Revolving Facility Advance, the proposed Term of such Advance is a period of 1, 2, 3 or 6 months or such other period of up to 12 months as all the Lenders having a Revolving Facility Commitment may agree prior to submission of the relevant Utilisation Request, and ends on or before the Final Maturity Date in respect of the Revolving Facility provided that, save as the Bookrunners may otherwise agree, prior to the Syndication Date, the Term of each Revolving Facility Advance shall be 1 month (or, if less, such duration as is necessary to ensure that such Term ends on the Syndication Date); (h) in the case of a Utilisation by way of an Advance (other than a Rollover Advance), the interest rate applicable to such Advance’s first Interest Period or Term (as the case may be) will not have to be determined under Clause 15 (Market Disruption and Alternative Interest Rates); (i) in the case of a Utilisation by way of a Documentary Credit which is not substantially in the form set out in Schedule 12 (Form of Documentary Credit), the L/C Bank shall have approved the terms of such Documentary Credit (acting reasonably); and (j) in the case of any Utilisation, on the date of the Utilisation Request, the date of any Conversion Notice and the proposed Utilisation Date: (i) in the case of a Rollover Advance or a Documentary Credit which is being renewed pursuant to Clause 5.2 (Renewal of Documentary Credits), the Facility Agent shall not have received instructions from a Revolving Facility Instructing Group requiring the Facility Agent to refuse such rollover or renewal of a Documentary Credit by reason of an Event of Default having occurred which is continuing or would result from the proposed Rollover Advance or the renewal of that Documentary Credit; or (ii) in the case of any Utilisation other than that referred to in sub-paragraph (i): (A) in the case of the first Utilisation of any Facility, subject to the provisions of Clause 3.5 (Vanilla Certain Funds Period), all representations set out in Clause 21 (Representations and Warranties) made by each of the persons identified as making those representations are true in all material respects by reference to the circumstances then existing and no Default is continuing or would result from the proposed Utilisation; (B) in the case of any Utilisation under the A1 Facility and B1 Facility, subject to the provisions of Clause 3.6 (Baseball Certain Funds Period), the Repeating Representations made by the persons identified as making those representations are true in all material respects by reference to the circumstances then existing and no Default is continuing or would result from the proposed Utilisation; (C) in the case of any Utilisation under the B2 Facility, B3 Facility, B4 Facility, B5 Facility and B6 Facility, the Repeating Representations made by the persons identified as making those representations are true in all material respects by reference to the circumstances then existing and no Default is continuing or would result from the proposed Utilisation; or (D) in the case of any Utilisation under the C Facility, the Repeating Representations made by the persons identified as making those representations are true in all material respects by reference to the circumstances then existing and no Default is continuing or would result from the proposed Utilisation.

  • Costs of Utilisation 8 Interest