Examples of Utilisation in a sentence
If the conditions set out in Clause 4 ( Conditions of Utilisation) and 5.1 (Delivery of a Utilisation Request) to 5.3 (Currency and amount) above have been met, each Lender shall make its participation in the Loan available by the Utilisation Date through its Facility Office.
The currency specified in the Utilisation Request must be US dollars.
Subject to this Clause 9, the first Interest Period for the Loan shall start on the Utilisation Date and end on the first Payment Date and each subsequent Interest Period for the Loan shall start on the last day of the preceding Payment Date and end on the immediately following Payment Date.
Any person specified as its authorised signatory under Schedule 2 (Conditions precedent) or paragraph (v) of Clause 18.4 (Information: miscellaneous) is authorised to sign the Utilisation Request (in the case of the Borrower only) and other notices on its behalf.
The Borrower shall, on the Utilisation Date, pay to the Agent (for the account of each Original Lender) a non-refundable closing fee (the “Closing Fee”) in an amount of US$400,000, being one per cent.