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

  • The Borrower may utilise the Facility by delivery to the Agent of a duly completed Utilisation Request not later than the Specified Time (or such other time as may be agreed by the Borrower, the Agent and each of the Lenders).

  • The Borrower may not deliver a Utilisation Request if, as a result of the proposed Utilisation, more than three Letters of Credit would be outstanding.


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 Loan. "Utilisation Date" means the date on which a Utilisation is 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.