Purpose and utilisation Sample Clauses

Purpose and utilisation. 2.3.1 The net proceeds from the Initial Bonds (net of legal costs, fees of the Managers and the Bond Trustee and any other agreed costs and expenses) shall be applied to (i) finance future growth of the Group and (ii) for the general corporate purposes of the Group.
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Purpose and utilisation. 2.3.1 The net proceeds from the Initial Bonds (net of legal costs, fees of the Managers and the Bond Trustee and any other agreed costs and expenses) shall be applied partly for the purpose of buying back bonds issued by the Issuer in 20 12 in the bond issue described as "FRN Ocean Yield AS Senior Unsecured Callable Bond Issue 20 1 2/201 7" (ISIN NO 001 06543 79), and partly for the general corporate purposes ofthe Group.
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Related to Purpose and utilisation

  • Conditions of Utilisation 4.1 Initial conditions precedent

  • Costs of Utilisation 8 Interest

  • Completion of a Utilisation Request (a) Each Utilisation Request is irrevocable and will not be regarded as having been duly completed unless:

  • Utilisation 4.1 The Borrower must provide Navios with a Drawdown Notice at least one Business Day before stating the date on which Navios is to make the Loan available to the Borrower (the Term Date) and to be credited to an account to be nominated by the Borrower:

  • Stabilisation In connection with the distribution of any Notes, any Dealer designated as a Stabilisation Manager in the applicable Final Terms may over-allot or effect transactions which support the market price of the Notes at a level higher than that which might otherwise prevail, but in doing so such Dealer shall act as principal and not as agent of the Issuer. Any stabilisation will be conducted in accordance with all applicable regulations. Any loss resulting from over-allotment and stabilisation shall be borne, and any net profit arising therefrom shall be retained, as against the Issuer, by any Stabilisation Manager for its own account.

  • Conditions Precedent to Initial Borrowing The initial Borrowing under this Agreement is subject to the satisfaction of the following conditions precedent, except as otherwise agreed between the Borrower and the Administrative Agent.

  • Conditions Precedent to All Borrowings The obligation of each Lender to make an Advance on the occasion of each Borrowing and of the Issuing Lender to issue, increase, or extend any Letter of Credit shall be subject to the further conditions precedent that on the date of such Borrowing or the date of the issuance, increase, or extension of such Letter of Credit:

  • Purpose of Loan The Borrower undertakes with each Creditor Party to use the Loan only for the purpose stated in the preamble to this Agreement.

  • 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.

  • General conditions precedent The agreement of the Finance Parties referred to in clause 2 (Agreement of the Finance Parties) shall be further subject to:

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