Utilisation Date definition
Examples of Utilisation Date in a sentence
If the conditions set out in this Agreement have been met, the Lender shall make the Loan available by the Utilisation Date through its Facility Office.
The Borrower shall pay to the Lender, on the Utilisation Date, a non-refundable arrangement fee in an amount equal to 0.65 per cent.
On the earlier of the Utilisation Date and the last day of the Availability Period any Commitment which is then unutilised shall be cancelled.
The Repeating Representations are deemed to be made by each Obligor by reference to the facts and circumstances then existing on the date of each Utilisation Request, on each Utilisation Date and the first day of each Interest Period.
The Borrower shall maintain in the Earnings Account, from the Utilisation Date and at all times thereafter during the Security Period, credit balances in an aggregate amount of not less than $500,000 (the “Minimum Liquidity”) which shall be blocked therein and pledged in favour of the Lender pursuant to the Account Security.