Common use of UTILISATION OF FACILITY Clause in Contracts

UTILISATION OF FACILITY. 6.1 Subject to clause 5 (Conditions of Utilisation), a Borrower may utilise the Facility during the Availability Period by delivering to the Facility Agent a duly completed Utilisation Request not later than 11h00 not less than 3 (three) Business Days prior to the proposed Utilisation Date. 6.2 Each Utilisation Request is irrevocable and will not be regarded as having been duly completed unless: 6.2.1 the proposed Utilisation Date is a Business Day within the Availability Period; 6.2.2 the currency of the proposed Loan is Rand; 6.2.3 the amount of the proposed Loan is a minimum amount of R10 000 000 (Ten Million Rand) (or, if less, the Available Facility); 6.2.4 it specifies an Interest Period of one, three, six or twelve Months applicable to the proposed Loan; 6.2.5 it specifies a bank account in South Africa to which the Borrower wishes the proceeds of the Loan to be credited; and 6.2.6 the proposed Loan together with the aggregate of the Loans still outstanding on the proposed Utilisation Date shall not exceed the Available Facility. 6.3 Only one Loan may be requested in each Utilisation Request.

UTILISATION OF FACILITY. 6.1 Subject to clause 5 (Conditions of Utilisation)5, a Borrower may utilise the Facility during the Availability Period by delivering to the Facility Agent a duly completed Utilisation Request not later than 11h00 not less than 3 (three) Business Days prior to the proposed Utilisation Date. 6.2 Each Utilisation Request is irrevocable and will not be regarded as having been duly completed unless: 6.2.1 the proposed Utilisation Date is a Business Day within the Availability Period; 6.2.2 the currency of the proposed Loan is Rand; 6.2.3 the amount of the proposed Loan is a minimum amount of R10 000 000 R10,000,000 (Ten Million Rand) (or, if less, the Available Facility); 6.2.4 it specifies an Interest Period of one, three, six or twelve Months applicable to the proposed Loan; 6.2.5 it specifies a bank account in South Africa to which the Borrower wishes the proceeds of the Loan to be credited; and 6.2.6 the proposed Loan together with the aggregate of the Loans still outstanding on the proposed Utilisation Date shall not exceed the Available Facility. 6.3 Only one Loan may be requested in each Utilisation Request.

UTILISATION OF FACILITY. 6.1 Subject to clause 5 (Conditions of Utilisation), a Borrower may utilise the Facility during the Availability Period by delivering to the Facility Agent a duly completed Utilisation Request not later than 11h00 not less than 3 (three) Business Days prior to the proposed Utilisation Date. 6.2 Each Utilisation Request is irrevocable and will not be regarded as having been duly completed unless: 6.2.1 the proposed Utilisation Date is a Business Day within the Availability Period; 6.2.2 the currency of the proposed Loan is Rand; 6.2.3 the amount of the proposed Loan is a minimum amount of R10 000 000 (Ten Million Rand) (or, if less, the Available Facility); 6.2.4 it specifies an Interest Period of one, three, six or twelve three Months applicable to the proposed Loan; 6.2.5 it specifies a bank account in South Africa to which the Borrower wishes the proceeds of the Loan to be credited; and 6.2.6 the proposed Loan together with the aggregate of the Loans still outstanding on the proposed Utilisation Date shall not exceed the Available Facility. 6.3 Only one Loan may be requested in each Utilisation Request.