Common use of Additional conditions precedent to Utilisations for PC Funded Acquisitions Clause in Contracts

Additional conditions precedent to Utilisations for PC Funded Acquisitions. (a) The Lenders will be obliged to comply with Clause 5.4 (Lenders' participation) in relation to any Loan requested after the Closing Date to finance a PC Funded Acquisition only if, on or before the Utilisation Date for that Loan, the Agent has received confirmation from the Lenders that they have received the PC Acquisition Information Package for that acquisition, in form and substance satisfactory to the Lenders, and the Agent shall notify the Borrower promptly upon the Lenders being so satisfied (and shall confirm to the Lenders that it has so notified the Borrower).

Appears in 2 contracts

Sources: Senior Term Facilities Agreement (CorpAcq Group PLC), Senior Term Facilities Agreement (CorpAcq Group PLC)