Common use of Conditions of Utilisation Clause in Contracts

Conditions of Utilisation. 3.1 The Scottish Ministers will only be obliged to comply with their obligations under this Clause 3 in relation to any Utilisation if on or before the Utilisation Date for that Utilisation, the Scottish Ministers have received all of the documents and other evidence listed in (i) Part A of Part 1 of the Schedule in respect of the first Utilisation and, (ii) Part B of Part 1 of the Schedule in respect of each subsequent Utilisation. The Scottish Ministers shall notify the Borrower promptly upon being so satisfied.

Appears in 10 contracts

Samples: Loan Agreement, Loan Agreement, Loan Agreement

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Conditions of Utilisation. 3.1 The Scottish Ministers will only be obliged to comply with their obligations under this Clause 3 in relation to any Utilisation if on or before the Utilisation Date for that Utilisation, the Scottish Ministers have received all of the documents and other evidence listed in (i) Part A of Part 1 of the Schedule in respect of the first Utilisation and, (ii) Part B of Part 1 of the Schedule in respect of each subsequent Utilisation. The Scottish Ministers shall notify the Borrower promptly upon being so satisfied.if:-

Appears in 2 contracts

Samples: Execution Loan Agreement, Execution Loan Agreement

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