Utilization Request Sample Clauses
A Utilization Request clause defines the process by which a party must formally request the use of a facility, service, or resource under an agreement. Typically, this clause outlines the required information, format, and timing for submitting such requests, and may specify any conditions or approvals needed before utilization can occur. Its core practical function is to ensure that resource allocation is managed in an orderly and transparent manner, preventing misunderstandings and ensuring that both parties are aware of and agree to each instance of use.
Utilization Request. 47 Timetables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48 Mandatory Liquid Asset Costs Rate Formula . . . . . . . . . . . . . 49 Form of Overdraft Provider Transfer Certificate . . . . . . . . . . 51 SIGNATORIES . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54
Utilization Request. 2 . 2 . 1 The Borrower may utilize the Facility in full but not in part by delivery to the Lender of a Utilization Request, duly completed and signed by the Borrower, no later than 10 a.m. CET three (3) Business Days before the desired Utilization Date.
2 . 2 . 2 The Utilization Date must be a Business Day within the Availability Period.
2 . 2 . 3 The Borrower may only issue a Utilization Request, and the Lender will only be obliged to comply with a Utilization Request, if all of the conditions set out in Clause 4 (Conditions for utilization) have been satisfied or waived by the Lender.
Utilization Request. FMO shall have received from the Borrower a Utilization Request at least fifteen (15) Business Days prior to the date of the proposed Utilization Date or on any other date acceptable to FMO.
Utilization Request the request by the Borrower to the Lender for the utilization of the Facility, in the form attached hereto as Annex 4 (Form of Utilization Request).
Utilization Request a) The Borrower can utilize the Facility in the form of a Loan by delivering a duly completed Utilization Request to the Facility Agent.
b) Except as otherwise agreed with the Facility Agent, a Utilization Request must have been received by the Facility Agent by no later than 11:00 a.m. three (3) Business Days before the requested Utilization Date.
c) A Utilization Request is irrevocable.
Utilization Request