Common use of Utilisation Clause in Contracts

Utilisation. 5.1 The Borrower may request the Loan by delivering a notice to the Lender not later than 10 am two Business Days prior to the proposed Utilisation Date (or such other period as the Lender may agree). 5.2 That notice is irrevocable and must specify: (a) the proposed Utilisation Date (being a Business Day within the Availability Period); (b) the amount of the Facility to be drawn (which must not exceed £760,000); and (c) the account to which the Loan should be credited.

Utilisation. 5.1 The Borrower may request the Loan by delivering a notice to the Lender not later than 10 am two Business Days prior to the proposed Utilisation Date (or such other period as the Lender may agree). 5.2 That notice is irrevocable and must specify: (a) the proposed Utilisation Date (being a Business Day within the Availability Period); (b) the amount of the Facility to be drawn (which must not exceed £760,0001,946,500); and (c) the account to which the Loan should be credited.

Utilisation. 5.1 The Borrower may request the Loan by delivering a notice to the Lender not later than 10 am two Business Days prior to the proposed Utilisation Date (or such other period as the Lender may agree). 5.2 That notice is irrevocable and must specify: (a) the proposed Utilisation Date (being a Business Day within the Availability Period); (b) the amount of the Facility to be drawn (which must not exceed £760,0005,250,000); and (c) the account to which the Loan should be credited.