Utilisation Date definition
Examples of Utilisation Date in a sentence
The Borrower shall open and maintain the TW Payment Accounts prior to the First Utilisation Date and ensure that all accounts receivable, as well as any advance payments from customer(s) specified in the Purchase Order(s) submitted for utilisation, are collected and deposited into the TW Payment Accounts.
FEES 12.1 Commitment fee (a) If, from the First Utilisation Date to the last day of the Availability Period, the daily average utilisation amount of the Facilities is less than fifty per cent.
Utilisation Request (a) Each Utilisation Request is irrevocable and will not be regarded as having been duly completed unless: (i) the proposed Utilisation Date is a Business Day within the Availability Period; (ii) the currency and amount of the Utilisation comply with Clause 5.4 (Currency and amount); (iii) the proposed Interest Period complies with Clause 10 (Interest Periods); and (iv) it is signed by the Borrower's Authorised Signatory.