UTILIZATION PERIOD Sample Clauses
UTILIZATION PERIOD. All Delivery Dates for Units leased hereunder must occur between the date of this Appendix and December 31, 1998, inclusive, which date may be extended by Lessor by written notice to Lessee and any guarantor (the "Utilization Period").
UTILIZATION PERIOD. All Delivery Dates for Units leased hereunder must occur between the date of this Schedule and March 31, 1997 (the "Utilization Period").
UTILIZATION PERIOD. All Delivery Dates for Units leased hereunder must occur between the date of this Lease and the earlier of April 30,1998 and the exercise by Lessee of the Sale Option pursuant to paragraph I (the "Utilization Period").
UTILIZATION PERIOD. If the Company shall utilize short- or medium-term credit (subject to the utilization period specified in Section 3.3 below), it shall be entitled to convert short- or medium-term credit into long-term credit – by and no later than June 30, 2009.
UTILIZATION PERIOD. All purchase orders for equipment under this Proposal shall be submitted no later than 12 months after the acceptance of this proposal, subject to the terms and conditions set forth herein. Incurance Test: The Lessee will have to meet the following financial covenants in order to continue utilizing the lease line: 12/31/99 - $4,700,000 3/3/2000 - $6,600,000 6/30/2000 - $9,000,000 9/30/2000 - $15,000,000 12/31/2000 - $18,000,000 CASH SET ASIDE: By signing this document, both sides agree that there are no current or previous restricted cash requirements (i.e. Cash Set Aside) related to any prior lease schedules. CREDIT APPROVAL: This Proposal includes only a brief description of the substantive terms and conditions of the contemplated lease transactions and is not intended as a formal commitment of credit by CSC or Cisco Systems. Any funding by CSC for the purchase of equipment is subject to the ongoing credit approval of CSC (including the absence of any material adverse change, in the judgment of CSC, in the business or financial condition or prospects of Lessee) and to satisfactory documentation including as described below. You agree to provide two years' audited financial statements, bank references, a completed credit application and any other required credit information along with the signed copy of this Proposal. You hereby authorize CSC and/or its agents to make a complete credit investigation and to relate this information to others as necessary to secure credit approval. The parties acknowledge that the financing contemplated by this Proposal is subject to the above-referenced conditions and the execution and delivery of all appropriate documents (in form and substance satisfactory to CSC), including without limitation, to the extent applicable, the Master Agreement to Lease Equipment, any Schedule, Lease Assignment of Purchase Order, financing statements, legal opinion and other documents and agreements reasonably required by CSC. By signing this document, you hereby authorize CSC to order, when appropriate, for manufacture and delivery, the equipment configuration described herein (or in the attached or future purchase orders) and to file a financing statement in accordance with the Uniform Commercial Code signed only by CSC or signed by CSC as Lessee's attorney in fact with respect to any of the Equipment. If, for any reason, you and CSC shall fail to consummate all or any portion of the financing contemplated by this Proposal, you shall be sol...
UTILIZATION PERIOD. All purchase orders for equipment under this Proposal shall be submitted no later than September 30, 2001.
UTILIZATION PERIOD. As agreed between INDIA and ADB, the maximum utilization period (i.e., closing date for submission of the Periodic Financing Request [PFR(s)) under the Facility will be 31 March 2009. Provided however, such utilization period will lapse twelve months from the date of approval of the Facility by ADB Board, unless by such time the first Loan Agreement under the Facility is signed and made effective.