Single Utilisation Clause Samples

The Single Utilisation clause defines that a facility or loan can be drawn down in one lump sum rather than in multiple installments. In practice, this means the borrower receives the entire loan amount at once, rather than accessing funds in stages or tranches. This clause is typically used in situations where the full amount is needed upfront, such as for a specific purchase or investment. Its core function is to simplify the disbursement process and provide clarity to both parties regarding the timing and amount of funds to be provided.