Utilization of the Facility Sample Clauses

The 'Utilization of the Facility' clause defines how and under what conditions a borrower may access and use the funds or services provided under a financial agreement. Typically, this clause outlines the procedures for drawing down funds, any limitations on the amount or timing of utilization, and the requirements that must be met before funds can be accessed, such as providing certain documentation or meeting financial covenants. Its core practical function is to ensure both parties understand the process and restrictions for using the facility, thereby preventing misuse and clarifying expectations.
Utilization of the Facility. 3.1 Types and Scope of the Facility The said facility shall be comprehensive facilities:
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Utilization of the Facility. 5.1 Utilization of Revolving Credit Facility. ---------------------------------------- (a) Subject to the terms of this Agreement, the Borrower may utilize the Revolving Credit Facility by delivering a duly completed Request to the Administrative Agent, not later than 9:00 a.m. three Business Days prior to the relevant Utilization Date in relation to a LIBOR Advance and two Business Days prior to the relevant Utilization Date in relation to a Base Rate Advance. (b) Each Request for a Revolving Advance shall specify: (i) that it is utilization of the Revolving Credit Facility; (ii) the proposed Utilization Date, which shall be a Business Day falling two days or more before the then latest Final Maturity Date; (iii) the Requested Amount, which shall be a minimum of $10,000,000 and integral multiples in excess thereof of $500,000; (iv) whether the Advances are to be LIBOR Advances or Base Rate Advances; (v) the Term of any requested LIBOR Advance, which shall be a period of seven days or one, two, three or six months, or such other period as may be agreed between the Borrower and the Lenders, provided that (A) no such Term may end later than the then current Final Maturity Date, (B) if any such monthly Term begins on a day for which there is no numerically corresponding day in the last calendar month of such Term, such monthly Term shall end on the last Business Day of such last calendar month, and (C) if any such Term would otherwise expire on a day which is not a Business Day, such Term shall expire on the next succeeding Business Day, provided that if any such Term would otherwise expire on a day which is not a Business Day but is a day of the month after which no further Business Day occurs in such month, such Term shall expire on the next preceding Business Day; and (vi) the details of the bank and account to which the proceeds of the Advances are to be made available to the Borrower in accordance with Clause 10.1 (Funds and Place). (c) The Administrative Agent shall, not later than 1:00 p.m. on the date of receipt of the Request notify each Revolving Lender of the details of the requested Revolving Advance and the amount of its participation in the Revolving Advance. (d) The amount of each Revolving Lender's Revolving Advance will be the proportion of the Requested Amount which its Revolving Commitment bears to the Total Revolving Credit Commitments on the date of receipt of the relevant Request, adjusted, if necessary, to reflect the operation of Claus...
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Utilization of the Facility. 6.1 Save as otherwise provided herein. Advances will be made by the Banks or, as the case may be, a Letter of Credit will be issued by the Fronting Bank or, as the case may be, Short-Term Advances will be made by the Overdraft Provider to a Borrower if: (i) no later than the specified time in respect of the proposed Utilization, the Agent or, in the case of a Short-Term Advance, the Overdraft Provider, has received from the relevant Borrower a Utilization Request therefor; (ii) the proposed Utilization Date in respect to such Utilization Request is a business day; (iii) the Requested Amount is: (a) in the case of a Utilization by means of Advances (other than Short-Term Advances), an amount which does not exceed the Available Facility at such time and which, if less than the Available Facility at such time; (1) if no other Advance (other than a Short-Term Advance) of less than an Original Swiss Amount of CHF 2,000,000 is outstanding at such time is: (A) if the currency is Swiss Francs, a minimum amount of CHF 1,000,000 and in additional integral multiples of CHF 2,000,000; or (B) if the currency is an Optional Currency, a minimum Original Swiss Franc Amount of CHF 1,000,000 (or an approximate amount thereof) and in additional integral multiples of an Original Swiss Franc Amount of CHF 2,000,000 (or as approximate amount thereof); or (2) if an Advance (other than a Short-Term Advance) of less than CHF 2,000,000 is outstanding at such time is: (A) if the currency is Swiss francs, a minimum amount of CHF 2,500,000 and in additional integral multiples of CHF 1,000,000; -10- (B) if the currency is an Optional Currency, a minimum Original Swiss Franc Amount of CHF 2,500,000 (or an approximate amount thereof) and in additional integral multiples of an Original Swiss France Amount of CHF 1,000,000 (or an approximate amount thereof); or (b) in the case of a Utilization by means of a Letter of Credit, an amount which does not exceed the Available Facility at such time and which when aggregated with the L/C Outstandings at the time of such Utilization does not exceed an Original Swiss Franc Amount of CHF 12,000,000; or (c) in the case of a Utilization by means of Short-Term Advances, an amount which does not exceed the Available Facility at such time and which when aggregated with all other Short-Term Advances then outstanding, does not exceed CHF 6,250,000; (iv) in the case of a Utilization to be denominated in an Optional Currency, its principal amount (in the case...
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Utilization of the Facility. Subject to the terms and conditions hereof, the Borrower may utilize the Facility by way of Prime Rate Drawings, Base Rate Drawings, LIBOR Drawings, Bankers' Acceptance Drawings (including BA Equivalent Drawings) and/or Letter of Credit/Guarantee Drawings provided that the obligation of the Lenders to provide Bankers' Acceptance Drawings and LIBOR Drawings shall, notwithstanding any other provisions contained in this Agreement, be subject to the condition that if the Lenders, acting reasonably, shall have determined and advised the Borrower in writing that by reasons affecting the money markets, the BA Period or LIBOR Interest Period requested is not available, or if it becomes unlawful for the Lenders to fund a Bankers' Acceptance Drawing or LIBOR Drawing, then the Lenders shall not be obliged to provide a Bankers' Acceptance Drawing or LIBOR Drawing, as the case may be, for the requested BA Period or LIBOR Interest Period, until such circumstances cease to prevail.
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Utilization of the Facility. 5.1 Utilization of Revolving Credit Facility. ---------------------------------------- (a) Subject to the terms of this Agreement, the Borrower may utilize the Revolving Credit Facility by delivering a duly completed Request to the Administrative Agent, not later than 9:00 a.m. three Business Days prior to the relevant Utilization Date in relation to a LIBOR Advance and two Business Days prior to the relevant Utilization Date in relation to a Base Rate Advance. (b) Each Request for a Revolving Advance shall specify: (i) that it is utilization of the Revolving Credit Facility; (ii) the proposed Utilization Date, which shall be a Business Day falling two days or more before the then latest Final Maturity Date; (iii) the Requested Amount, which shall be a minimum of $10,000,000 and integral multiples in excess thereof of $500,000;
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Utilization of the Facility. The Bank Guarantee will be issued by the Bank at the Borrower's request if: 3.1.1 not more than ten nor less than two Business Days before the proposed date for the issuance of the Bank Guarantee, the Bank has received a completed Utilization Request; 3.1.2 the proposed date for the issuance of the Bank Guarantee is a Business Day within the Availability Period; 3.1.3 no prior Bank Guarantee has been issued by the Bank; 3.1.4 the proposed maximum principal amount of the EDB Loan to be guaranteed by the Bank pursuant to the Bank Guarantee is equal to the amount of the Available Facility; 3.1.5 the proposed term of the Bank Guarantee is a period not exceeding two years from the Utilization Date and the proposed form of the Bank Guarantee is satisfactory to the Bank; and 3.1.6 on and as of the proposed date for the issuance of the Bank Guarantee (a) the Bank has received all of the documents and other evidence listed in Schedule 1 (Conditions Precedent) and that each is, in form and substance, satisfactory to the Bank, (b) the EDB Loan Agreement is in full force and effect and all conditions precedent (other than the issuance of the Bank Guarantee) specified therein have been complied with and (c) no Event of Default or Potential Event of Default is continuing.
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Utilization of the Facility. 4.1. The execution of this Contract does not mean that the Lender must make available the facilities within the limit specified herein. If the Applicant wishes to utilize any facility hereunder, the Applicant shall submit a utilization request to the Lender and, if the request is approved by the Lender, enter into a separate agreement with the Lender. The type, amount, purpose, term, interest rate and other matters in respect of the facility actually provided shall be subject to such separate agreement. 4.2. Within the Availability Period specified herein, the Applicant may utilize the facilities within the relevant Separate Limit in the manner stated below: 1) Revolving utilization Types and limits of facilities: . 2) One-off utilization Types and limits of facilities: Working capital loan, in the amount of one hundred fifty million Yuan (¥150,000,000.00); fixed asset loan, in the amount of ninety million Yuan (¥90,000,000.00). If the Applicant wishes to adjust the Separate Limits set forth in Article 2, the Applicant shall submit an application in writing to the Lender. The Lender shall decide whether or not to approve the adjustment and on the specific method of adjustment, and notify the Applicant of its decision in writing. If the Lender approves the adjustment, the relevant facility limits as adjusted shall no longer be subject to the Separate Limits set forth herein, but shall still be subject to the Comprehensive Facility Limit hereunder. 4.3. This clause shall be o1. Applicable þ2. Not applicable.
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Utilization of the Facility. The Borrower may utilize the Facility by requesting disbursement(s) of the Loan, which shall be done by a way of a delivery to the Facility Agent of duly completed Utilization Request(s).
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Utilization of the Facility 
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Related to Utilization of the Facility

  • The Facility Subject to the terms of this Agreement, the Lenders make available to the Borrower a term loan facility in an aggregate amount equal to the Total Commitments.

  • Utilization Utilization shall be defined as Trunks Required as a percentage of Trunks In Service. 1 During implementation the Parties will mutually agree on an Economic Centum Call Seconds (ECCS) or some other means for the sizing of this trunk group. 4.6.3.1 In A Blocking Situation (Over-utilization): 4.6.3.1.1 In a blocking situation, CLEC is responsible for issuing ASRs on all two-way Local Only, Local Interconnection, Third Party and Meet Point Trunk Groups and one-way CLEC originating Local Only and/or Local Interconnection Trunk Groups to reduce measured blocking to design objective blocking levels based on analysis of trunk group data. If an ASR is not issued, AT&T-21STATE will issue a TGSR. CLEC will issue an ASR within three (3) business days after receipt and review of the TGSR. CLEC will note “Service Affecting” on the ASR. 4.6.3.1.2 In a blocking situation, AT&T-21STATE is responsible for issuing ASRs on one-way AT&T-21STATE originating Local Only and/or Local Interconnection Trunk Groups to reduce measured blocking to design objective blocking levels based on analysis of trunk group data. If an ASR is not issued, CLEC will issue a TGSR. AT&T- 21STATE will issue an ASR within three (3) business days after receipt and review of the TGSR. 4.6.3.1.3 If an alternate final Local Only Trunk Group or Local Interconnection Trunk Group is at seventy-five percent (75%) utilization, a TGSR may be sent to CLEC for the final trunk group and all subtending high usage trunk groups that are contributing any amount of overflow to the alternate final route. 4.6.3.1.4 If a direct final Meet Point Trunk Group is at seventy-five percent (75%) utilization, a TGSR may be sent to CLEC. If a direct final Third Party Trunk Group is at ninety percent (90%) utilization, a TGSR may be sent to CLEC.

  • Modification of the Small Generating Facility The Interconnection Customer must receive written authorization from the NYISO and Connecting Transmission Owner before making any change to the Small Generating Facility that may have a material impact on the safety or reliability of the New York State Transmission System or the Distribution System. Such authorization shall not be unreasonably withheld. Modifications shall be done in accordance with Good Utility Practice. If the Interconnection Customer makes such modification without the prior written authorization of the NYISO and Connecting Transmission Owner, the Connecting Transmission Owner shall have the right to temporarily disconnect the Small Generating Facility. If disconnected, the Small Generating Facility will not be reconnected until the unauthorized modifications are authorized or removed.

  • Availability Control Personal Data will be protected against accidental or unauthorized destruction or loss.

  • Facility Access Notwithstanding any other provision of the Agreement, the Customer shall provide the Authority with such access to the Facility, and such documentation, as the Authority deems necessary to determine the Customer’s compliance with the Customer’s Supplemental Commitments specified in this Schedule B.