Common use of Completion of a Utilisation Request Clause in Contracts

Completion of a Utilisation Request. 5.2.1 A Utilisation Request will not be regarded as having been duly completed unless: (a) the proposed Utilisation Date is a Business Day within the Availability Period; and (b) the currency and amount of the Utilisation comply with Clause 5.3 (Currency and amount). 5.2.2 Only one Loan may be requested in a Utilisation Request.

Appears in 3 contracts

Sources: Facilities Agreement, Facilities Agreement (MiX Telematics LTD), Facilities Agreement (PowerFleet, Inc.)

Completion of a Utilisation Request. 5.2.1 A Each Utilisation Request is irrevocable and will not be regarded as having been duly completed unless: (a) 5.2.1 the proposed Utilisation Date is a Business Day within the Availability Period; and; (b) 5.2.2 the currency and amount of specified in the Utilisation comply with Clause 5.3 (Currency and amount).; 5.2.2 Only one Loan may be 5.2.3 the amount requested in a the Utilisation RequestRequest does not exceed the Commitment; and 5.2.4 the proposed first Interest Period complies with Clause 7 (Interest Periods).

Appears in 3 contracts

Sources: Facility Agreement, Term Loan Facility (Solar Power, Inc.), Term Loan Facility Agreement (Solar Power, Inc.)

Completion of a Utilisation Request. 5.2.1 A The Utilisation Request is irrevocable and will not be regarded as having been duly completed unless: (aA) the proposed Utilisation Date is a Business Day within the Availability Period; and (bB) the currency and amount of the Utilisation comply with Clause 5.3 (Currency and amount). 5.2.2 Only Each Borrower may only borrow one Loan may and each Loan must have the same Utilisation Date. 5.2.3 Any amount of the Total Commitments which remains undrawn following the Utilisation Date shall be requested in a Utilisation Requestautomatically cancelled.

Appears in 2 contracts

Sources: Facility Agreement (Hines Global REIT, Inc.), Facility Agreement (Hines Global REIT, Inc.)

Completion of a Utilisation Request. 5.2.1 A Each Utilisation Request is irrevocable and will not be regarded as having been duly completed unless:: 30 (a) the proposed Utilisation Date is a Business Day within the Availability Period; andPeriod but not earlier than four (4) Business Days after the receipt of the Utilisation Request; (b) the currency and amount of the Utilisation comply with Clause 5.3 (Currency and amount). 5.2.2 Only one Loan may be requested in a Utilisation Request.; 35

Appears in 1 contract

Sources: Loan Facility Agreement

Completion of a Utilisation Request. 5.2.1 6.2.1 A Utilisation Request will not be regarded as having been duly completed unless:completed (a) 6.2.1.1 the proposed Utilisation Date is a Business Day within the Availability Period; and; (b) 6.2.1.2 it identifies the purpose for which the Utilisation is to be applied; 6.2.1.3 the currency and amount of the Utilisation comply with Clause 5.3 (Currency and amount). 5.2.2 Only one Loan may be requested in a Utilisation Request.clause

Appears in 1 contract

Sources: Senior RCF Agreement (Lesaka Technologies Inc)

Completion of a Utilisation Request. 5.2.1 A 1.1 Each Utilisation Request is irrevocable and will not be regarded as having been duly completed unless: (a) 1.1.1 the proposed Utilisation Date is a Business Day within the Availability Period; and; (b) 1.1.2 the currency and amount of the Utilisation comply with Clause 5.3 (Currency and amount); and 1.1.3 the proposed Interest Period complies with Clause 11 (Interest Periods). 5.2.2 Only one Loan may be requested in a Utilisation Request.

Appears in 1 contract

Sources: Multicurrency Revolving Facility Agreement (Misys PLC)

Completion of a Utilisation Request. 5.2.1 A The Utilisation Request is irrevocable and will not be regarded as having been duly completed unless: (a) 5.2.1 the proposed Utilisation Date is a Business Day within the Availability Period; and; (b) 5.2.2 the currency and amount of the Utilisation comply with Clause 5.3 (Currency and amount); and 5.2.3 the proposed Interest Period complies with Clause 8 (Interest). 5.2.2 Only one Loan may be requested in a Utilisation Request.

Appears in 1 contract

Sources: Facility Agreement (Hines Global REIT, Inc.)

Completion of a Utilisation Request. 5.2.1 A 6.2.1 The Utilisation Request will not be regarded as having been duly completed unless: (a) 6.2.1.1 the proposed Utilisation Date is a Business Day within the Availability Period; and; (b) 6.2.1.2 it identifies the purpose for which the Utilisation is to be applied; 6.2.1.3 the currency and amount of the Utilisation comply with Clause 5.3 (Currency and amount). 5.2.2 Only one Loan may be requested in a Utilisation Request.with

Appears in 1 contract

Sources: Senior Term Facility Agreement (Lesaka Technologies Inc)

Completion of a Utilisation Request. 5.2.1 A 6.2.1 The Utilisation Request is irrevocable and will not be regarded as having been duly completed unless: (aA) the proposed Utilisation Date is a Business Day within the Availability Period; and (bB) the currency and amount of the Utilisation comply with Clause 5.3 6.3 (Currency and amount). 5.2.2 Only 6.2.2 The Loan shall only be available in one Loan advance and accordingly the Borrower may be requested in a only issue one Utilisation Request.

Appears in 1 contract

Sources: Facility Agreement (Net 1 Ueps Technologies Inc)

Completion of a Utilisation Request. 5.2.1 A The Utilisation Request is irrevocable and will not be regarded as having been duly completed unless: (aA) the proposed Utilisation Date is a Business Day within the Availability Period; and (bB) the currency and amount of the Utilisation comply with Clause 5.3 5.4 (Currency and amount). 5.2.2 Only one Loan may be requested in a Utilisation Request.(C) an appropriate Cashflow Forecast is received covering the period for which the Payment is being made

Appears in 1 contract

Sources: Single Currency Interim Capital Support Facility Agreement

Completion of a Utilisation Request. 5.2.1 A 6.3.1 Each Utilisation Request is irrevocable and will not be regarded as having been duly completed unless: (a) 6.3.1.1 the proposed Utilisation Date is a Business Day within the applicable Availability Period; and (b) 6.3.1.2 the currency and amount of the Utilisation comply complies with Clause 5.3 clause 6.4 (Currency and amount)Amount) below. 5.2.2 6.3.2 Only one Loan may be requested in a each Utilisation Request.

Appears in 1 contract

Sources: Facilities Agreement (Karooooo Ltd.)

Completion of a Utilisation Request. 5.2.1 A 6.2.1 The Utilisation Request will not be regarded as having been duly completed unless:completed (a) 6.2.1.1 the proposed Utilisation Date is a Business Day within the Availability Period; and; (b) 6.2.1.2 it identifies the purpose for which the Utilisation is to be applied; 6.2.1.3 the currency and amount of the Utilisation comply with Clause 5.3 (Currency and amount). 5.2.2 Only one Loan may be requested in a Utilisation Request.with

Appears in 1 contract

Sources: Senior Term Facility B Agreement (Lesaka Technologies Inc)

Completion of a Utilisation Request. 5.2.1 A 5.2.1. Each Utilisation Request is irrevocable and will not be regarded as having been duly completed unless: (a) 5.2.1.1. the proposed Utilisation Date is a Business Day within the Availability PeriodPeriod applicable to the Facility; and (b) 5.2.1.2. the currency and amount of the Utilisation comply with Clause clause 5.3 (Currency and amount). 5.2.2 5.2.2. Only one Loan may be requested in a each Utilisation Request.

Appears in 1 contract

Sources: Revolving Credit Facility Agreement (Drdgold LTD)

Completion of a Utilisation Request. 5.2.1 A 6.2.1 Each Utilisation Request is irrevocable and will not be regarded as having been duly completed unless:unless – (a) 6.2.1.1 the proposed Utilisation Date is a Business Day within the Availability Period; and (b) 6.2.1.2 the currency and amount of the Utilisation comply with Clause 5.3 clause 6.3 (Currency and amount). 5.2.2 6.2.2 Only one Loan may be requested in a each Utilisation Request. 6.2.3 Only three Utilisation Requests may be submitted per Month.

Appears in 1 contract

Sources: Revolving Credit Facility Agreement (Net 1 Ueps Technologies Inc)