Utilisation. Subject to the compliance by the BORROWER with the conditions precedent contained in Clause 4 and where relevant, the conditions precedent stipulated in the Schedules hereof and/or in the LETTER OF OFFER and subject always to the BANK's availability of funds, the BORROWER may draw on and utilise the FACILITY in the manner as may be stipulated in this AGREEMENT and/or the LETTER OF OFFER subject always to the limits and sub-limits imposed by the BANK on the FACILITY.
Appears in 2 contracts
Sources: Facility Agreement (Black Titan Corp), Facility Agreement (BSKE Ltd.)