First Utilisation Date definition

First Utilisation Date means the date on which the first Utilisation is made under this Agreement.

First Utilisation Date means the date, on which the first Utilisation under the Agreement actually occurs, not to be later than 28 February 2012.

First Utilisation Date means the first Utilisation Date of the first Term Loan to be utilised.

Examples of First Utilisation Date in a sentence

• The undertakings in this Clause 23 (Insurance Undertakings) remain in force from the First Utilisation Date and throughout the rest of the Security Period except as the Facility Agent, acting with the authorisation of the Majority Lenders (or, where specified, all the Lenders) may otherwise permit.

• The Accordion Facility Notice may not be delivered on or before the First Utilisation Date or later than three Months before the Termination Date or at a time when there are Available Commitments under the Reducing Revolving Commitments in excess of the aggregate amount of the Accordion Facility Commitments to be set out in the Accordion Facility Notice.

• Each Collateral Guarantor shall ensure that, as and from the First Utilisation Date, subject only to the provisions of the General Assignment to which it is a party, all the Earnings in respect of the Ship owned by it are paid into the Earnings Account.

• The undertakings in this Clause 24 (General Ship Undertakings) remain in force on and from the date of the First Utilisation Date and throughout the rest of the Security Period except as the Facility Agent, acting with the authorisation of the Majority Lenders (or, where specified, all the Lenders) may otherwise permit.

• Paragraph (b) above shall only apply to a Collateral Guarantor as and from the relevant Utilisation Date (being the First Utilisation Date for the Existing Collateral Guarantors) (or in case the relevant Advance has been prepositioned in accordance with this Agreement, the release date of that Advance).

More Definitions of First Utilisation Date

First Utilisation Date means the first Utilisation Date under the Facilities or any of them.

First Utilisation Date means the date, on which the first Utilisation under the Agreement actually occurs, not to be later than the expiry of the Availability Period applicable to the Term Loan Facility.

First Utilisation Date means the first date after the date of this Agreement on which any Loan is made under any Facility.

First Utilisation Date means the date on which the first Loan under the Facility is made by the Lenders to the Borrower. Foreign Transferee Subsidiary means any direct or indirect wholly owned Subsidiary of the Parent:

First Utilisation Date means the first Utilisation Date in respect of the Reducing Revolving Facility, such date to occur no later than 31 March 2024 or such later date approved in writing by the Facility Agent (acting with the authorisation of the Lenders).

First Utilisation Date means 17 August 2017;

First Utilisation Date means the first date on which a Project Facility Loan is made.