Examples of Utilization Request in a sentence
The Lender shall notify the Borrower promptly upon receipt of such document proof and make available to the Borrower a Loan in accordance with such Utilization Request.
The Borrower may utilize the Facility by delivery to the Lender of a duly completed Utilization Request not later than 11:00 a.m., three (3) Business Days prior to the proposed Utilization Date (or such shorter time that the Lender may otherwise agree).
The proceeds of the Loans under the Facility will be disbursed by the Lender directly to the Borrower’s account specified in the relevant Utilization Request.
For the first Utilization of the Commitment, the Borrower may deliver the Utilization Request after (i) the Lender has received all of the documents or evidence listed in items 1, 3, 4, and 5, Schedule 1 (Conditions precedent) and (ii) the Borrower has received all of the documents or evidence listed in item 2, Schedule 1 (Conditions precedent).
For each subsequent Utilization after the Initial Utilization Date, the Borrower may deliver a Utilization Request after the Lender has received the document proof listed in items 1(c) and 5, Schedule 1 (Conditions precedent) for that Utilization.