Utilisation definition

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

Examples of Utilisation in a sentence

  • For the avoidance of doubt, the absence of such share pledge at the time of utilisation of the Second Tranche shall not affect the validity of the Utilisation or the obligation of the Lender to fund the Second Tranche in accordance with this Agreement.

  • For the avoidance of doubt, the absence of such share pledge at the time of utilisation of the First Tranche shall not affect the validity of the Utilisation or the obligation of the Lender to fund the First Tranche in accordance with this Agreement.


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 the utilisation of the Facility; Utilisation Date means the date of the Utilisation, being the date on which the Loan is to be made;
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 by way of a Letter of Credit.