Utilisation definition

Utilisation means a utilisation of the Facility.

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Utilisation means a Loan.

Utilisation means a utilisation of the Facility by way of a Loan.

Examples of Utilisation in a sentence

The Facility Agent shall promptly after each Utilisation notify the ECA Agent and K-Sure of the amount of the relevant Loan and of the Utilisation Date.
The Borrowers may utilise the Facility by delivery to the Facility Agent of a duly completed Utilisation Request not later than 12.00 noon CET on the day falling three (3) Business Days prior to the Utilisation Date.
For the avoidance of doubt, costs payable by the Borrowers under Clause 17.1 (Transaction expenses) and this Clause 17.2 (Amendment and enforcement costs) as relevant, (i) covers costs due to Clause 39.4 (Changes to reference rates) (regardless of which Party taking the initiative to the change) and (ii) remain payable whether or not any Utilisation is ever made.
Within fifteen (15) days prior to the relevant Utilisation Date each Borrower shall inform the Facility Agent of the classification society the Vessel to be financed will be classed.

More Definitions of Utilisation

Utilisation means a Loan or a Letter of Credit.

Utilisation means the utilisation of a Facility under this Agreement, whether by way of an Advance, the issue of a Documentary Credit or the establishment of any Ancillary Facility.

Utilisation means a utilisation of all or part of the Commitment under this Agreement.

Utilisation. ’, in relation to land, means the use of land for a purpose or the improvement of land, whether lawful or not;

Utilisation means a Loan, a Letter of Credit or a Bank Guarantee (but not a utilisation of an Ancillary Facility).

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 means a utilisation of the Facility by way of a Letter of Credit.