Initial Utilisation definition

Initial Utilisation means the first Utilisation of the Facility by the Borrower.
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Initial Utilisation means the first Utilisation under this Agreement which is to utilise the Acquisition Facility.
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Examples of Initial Utilisation in a sentence

  • No Borrower may deliver a Utilisation Request unless the Agent has received all of the documents and other evidence listed in Part I of Schedule 2 (Conditions Precedent to Initial Utilisation) in form and substance satisfactory to the Agent.

  • The Company may not deliver the first Utilisation Request unless the Agent has received all of the documents and other evidence listed in Part I of Schedule 2 (Conditions Precedent to Initial Utilisation) in form and substance satisfactory to the Arranger, acting reasonably.

  • The Borrower shall supply to the Facility Agent a Market Valuation Report with respect to each Vessel within 180 days from the financial year end of the applicable Guarantor, such obligation to commence on and from the Initial Utilisation Date.

  • Evidence that the fees, costs and expenses then due from the Borrower pursuant to any of the Finance Documents have been paid or will be paid by the Initial Utilisation Date.

  • For the purposes of the month in which the Initial Utilisation Date occurs, the amount in paragraph (B) shall be deemed to be zero.

  • Subject to paragraph 6 below and the terms of the Syndication Letter, the Parent must pay (or procure that the Company will pay), on the Initial Utilisation Date, an arrangement fee in an aggregate amount equal to £150,000, being 3 per cent.

  • Each of BCC and Company acknowledges that all costs, fees and expenses as described in subsection 9.2 of the Credit Agreement incurred by Agents and their respective counsel with respect to this Waiver and Amendment and the documents and transactions contemplated hereby shall be for the account of BCC and Company.

  • A letter from the chairman of the board of directors of the Original Parent date on or near the Initial Utilisation Date confirming the Original Parent’s continued intention to complete the IPO on or before the Final IPO Date.

  • Subject to any qualification as to legal matters contained in the legal opinions referred to in Schedule 4 (Conditions Precedent to Initial Utilisation), no consent or authorisation of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required in connection with the Loans hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any of the Finance Documents to which the Borrower is a party.

  • No Borrower may deliver a Utilisation Request to the Agent or an Issuing Bank unless the Agent has received all of the documents and other evidence listed in Part I (Conditions Precedent to Initial Utilisation) of Schedule 2 (Conditions Precedent) in form and substance satisfactory to the Agent.

Related to Initial Utilisation

  • Utilisation means a utilisation of a Facility.

  • Utilisation Date means the date of a Utilisation, being the date on which the relevant Loan is to be made.

  • Utilisation Request means a notice substantially in the form set out in Schedule 3 (Utilisation Request).

  • stabilisation means processes which change the hazardousness of the constituents in the waste and transform hazardous waste into non-hazardous waste.

  • Drawdown Request means a notice substantially in the form set out in Schedule 3 (Drawdown Request).