Common use of Availability of Loans Clause in Contracts

Availability of Loans. (a) If the conditions set out in this Agreement have been met, the Lender shall make each Loan available by the Utilisation Date. (b) The Lender is not obliged to make a Loan if, as a result, the Loans would exceed the Commitment. (c) The Lender shall determine the Base Currency Amount of each Loan which is to be made in an Optional Currency.

Availability of Loans. (a) If the conditions set out in this Agreement have been met, the Lender Lenders shall make each Loan available by the Utilisation Date. (b) The Lender is Lenders are not obliged to make a Loan if, as a result, the Loans would exceed the CommitmentTotal Commitments. (c) The Lender shall determine the Base Currency Amount of each Loan which is to be made in an Optional Currency.