Initial Utilisation definition

Initial Utilisation means the first Utilisation of the Facility by the Borrower.
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Initial Utilisation means the first Utilisation of Facility A by the Original Borrower. "Initial Utilisation Date" the date of the Initial Utilisation.
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Initial Utilisation means the first Utilisation under this Agreement which is to utilise the Acquisition Facility.
Sample 1

Examples of Initial Utilisation in a sentence

  • No Borrower may deliver a Utilisation Request unless the Agent has received all of the documents and other evidence listed in Part I of Schedule 2 (Conditions Precedent to Initial Utilisation) in form and substance satisfactory to the Agent.

  • No Borrower may deliver a Utilisation Request to the Agent or an Issuing Bank unless the Agent has received all of the documents and other evidence listed in Part I (Conditions Precedent to Initial Utilisation) of Schedule 2 (Conditions Precedent) in form and substance satisfactory to the Agent.

  • Please ensure documentation reflects the contact.PAA- Specific Documentation:For scheduled contacts required by the waivers, the visit type selected in PIMS must be in-person, even if the required contact/visit was completed through telephonic contact.

  • Evidence that the fees, costs and expenses then due from the Borrower pursuant to any of the Finance Documents have been paid or will be paid by the Initial Utilisation Date.

  • The Company may not deliver the first Utilisation Request unless the Agent has received all of the documents and other evidence listed in Part I of Schedule 2 (Conditions Precedent to Initial Utilisation) in form and substance satisfactory to the Arranger, acting reasonably.

  • Accordingly, and notwithstanding anything to the contrary herein or in any other Mandate Document, during the Certain Funds Period, the only conditions to utilisation of the Facilities (subject to the Aggregate Drawdown Limit (as defined in the Term Sheet)) to be made on the Initial Utilisation Date solely for the purposes set out in the "Purpose" section of the Term Sheet are as expressly set out in paragraph 2 ( Commitment) above and the "Certain Funds" section of the Term Sheet.

  • Evidence that the fees, costs and/or expenses then due from the Borrower pursuant to the Facility Agreement have been paid or will be paid by the Initial Utilisation Date.

  • A letter from the chairman of the board of directors of the Original Parent date on or near the Initial Utilisation Date confirming the Original Parent’s continued intention to complete the IPO on or before the Final IPO Date.

  • For the avoidance of doubt, no Prepayment Charge shall be payable in respect of (i) any voluntary prepayment made after 18 Months from the Initial Utilisation Date, (ii) any voluntary prepayment in respect of the Tranche C Facility Loan, and (iii) any mandatory prepayment made pursuant to Clause 8 (Mandatory Prepayment), except for Clause 8.1(c).

  • The Borrower shall procure the Company to make Distributions or the DutchCo or the Sponsor to make equity contributions, in either case, in the amount no less than the Tranche B Loan within twelve (12) Months from the Initial Utilisation Date.


More Definitions of Initial Utilisation

Initial Utilisation means the first Utilisation of the Facility.
Sample 1
Initial Utilisation means the Utilisation of the Facilities by the Original Borrower.
Sample 1

Related to Initial Utilisation

  • Utilisation means a utilisation of the Facility.

  • Utilisation Date means the date of a Utilisation, being the date on which the relevant Loan is to be made.

  • Utilisation Request means a notice substantially in the form set out in Part I of Schedule 3 (Requests).

  • stabilisation means processes which change the hazardousness of the constituents in the waste and transform hazardous waste into non-hazardous waste.

  • Drawdown Request means a notice substantially in the form set out in Schedule 3 (Drawdown Request).

  • Drawdown means the drawdown of a Tranche under the Loan Facility;

  • Initial Lenders has the meaning specified in the recital of parties to this Agreement.

  • Conditional Incremental Auction means an Incremental Auction conducted for a Delivery Year if and when necessary to secure commitments of additional capacity to address reliability criteria violations arising from the delay in a Backbone Transmission upgrade that was modeled in the Base Residual Auction for such Delivery Year.

  • Initial Lender has the meaning specified in the recital of parties to this Agreement.

  • Conditions Precedent shall have the meaning set forth in Clause 4.2.

  • Commitment Increase Supplement as defined in subsection 2.20(c).

  • Initial Borrowing means the first Borrowing made pursuant to this Agreement.

  • Drawdown Notice means a notice in the form set out in Schedule 2 (or in any other form which the Agent approves or reasonably requires);

  • Commitment Increase has the meaning specified in Section 2.18(a).

  • Commitment Increase Agreement has the meaning assigned to such term in Section 2.20.

  • Drawdown Date means, in relation to each Advance, any date being a Banking Day falling during the relevant Drawdown Period, on which the relevant Advance is, or is to be, made available;

  • Initial Borrowing Date means the date occurring on or after the Effective Date on which the initial Borrowing of Loans occurs.

  • Commitment Increase Date has the meaning assigned to such term in Section 2.08(e).

  • Commitment Increase Notice has the meaning assigned to such term in Section 2.19.

  • Notice of Drawdown means a notice substantially in the form set out in Schedule 4 (Notice of Drawdown).

  • Initial Revolving Borrowing means one or more borrowings of Revolving Credit Loans or issuances or deemed issuances of Letters of Credit on the Closing Date as specified in the definition of the term “Permitted Initial Revolving Borrowing.”

  • Special Notice Currency means at any time an Alternative Currency, other than the currency of a country that is a member of the Organization for Economic Cooperation and Development at such time located in North America or Europe.

  • Borrowing Date any Business Day specified by the Borrower as a date on which the Borrower requests the relevant Lenders to make Loans hereunder.

  • Drawdown Period means, in relation to an Advance, the period commencing on the date of this Agreement and ending on the relevant Termination Date or the period ending on such earlier date (if any) on which (a) the aggregate amount of all Advances is equal to the Commitment or (b) the Commitment is reduced to zero pursuant to clauses 4.3, 10.2 or 12 or (c) Delivery of the Ship relevant to such Advance occurs;

  • Facility Increase has the meaning provided in Section 2.15(a).

  • Credit Event Resolution Request Date means, with respect to a notice to ISDA requesting that a Credit Derivatives Determinations Committee be convened to resolve: