Common use of Utilisation Clause in Contracts

Utilisation. The Bank is not obliged to make a Loan available if: (a) on the date of the Utilisation Request or on the Utilisation Date an Event of Default or Default is continuing or would result from that Loan; (b) the Borrower has issued a notice pursuant to Clause 8.5 Notification of Default; (c) the Utilisation Date is not a Business Day within the Availability Period; (d) the amount of the Loan is not at least EUR 150,000,000 and the currency of the Loan does not comply with Clause 2 Facility; (e) the Interest Period does not comply with Clause 5.1

Appears in 1 contract

Sources: Term Loan Agreement (Xylem Inc.)

Utilisation. The Bank is not obliged to make a Loan available if: (a) on the date of the Utilisation Request or on the Utilisation Date an Event of Default or Default is continuing or would result from that Loan; (b) the Borrower has issued a notice pursuant to Clause 8.5 Notification of Default; (c) the Utilisation Date is not a Business Day within the Availability Period; (d) the amount of the Loan is not at least EUR 150,000,000 225,000,000 and the currency of the Loan does not comply with Clause 2 Facility; (e) the Interest Period does not comply with Clause 5.1

Appears in 1 contract

Sources: Term Loan Agreement (Xylem Inc.)

Utilisation. The Bank is not obliged to make a Loan available if: (a) on the date of the Utilisation Request or on the Utilisation Date an Event of Default or Default is continuing or would result from that Loan; (b) the Borrower has issued a notice pursuant to Clause 8.5 6 Notification of Default; (c) the Utilisation Date is not a Business Day within the Availability Period; (d) the amount of the Loan is not at least EUR 150,000,000 25,000,000 or a higher multiple of EUR 1,000,000 and the currency of the Loan does not comply with Clause 2 Facility; (e) the Interest Period does not comply with Clause 5.1

Appears in 1 contract

Sources: Term Loan Agreement (Xylem Inc.)

Utilisation. The Bank is not obliged to make a Loan available if: (a) on the date of the Utilisation Request or on the Utilisation Date an Event of Default or Default is continuing or would result from that Loan; (b) the Borrower has issued a notice pursuant to Clause 8.5 Notification of Default; (c) the Utilisation Date is not a Business Day within the Availability Period; (d) the amount of the Loan is not at least EUR 150,000,000 25,000,000 or a higher multiple of EUR 1,000,000 and the currency of the Loan does not comply with Clause 2 Facility; (e) the Interest Period does not comply with Clause 5.1

Appears in 1 contract

Sources: Term Loan Agreement (Xylem Inc.)