Initial Utilisation Date definition

Initial Utilisation Date means the date on which the first Loan is made under this Agreement.

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Initial Utilisation Date the date of the Initial Utilisation.

Initial Utilisation Date means the first Utilisation Date under this Agreement, however no later than 15 January 2014.

Examples of Initial Utilisation Date in a sentence

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.
Subject to paragraph 6(a) below, 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 £2,775,000, being 3 per cent.

More Definitions of Initial Utilisation Date

Initial Utilisation Date means the date on which the first Utilisation is made under this Agreement.

Initial Utilisation Date means the date on which the initial Utilisation under the Facilities is, or is to be, made;

Initial Utilisation Date means the date of first Utilisation, being the date on which the first drawdown under the Facility is to be made;

Initial Utilisation Date means the earlier of the Initial Term Facility A Utilisation Date and the Initial Term Facility B Utilisation Date. Insolvency Event in relation to a Finance Party means that such Finance Party:

Initial Utilisation Date means the first date after the date of this Agreement on which any Loan is made under any Facility.

Initial Utilisation Date means the date on which the first Loan (Facility A) and Loan (Facility B) is made. “Insolvency Event” in relation to an entity means that the entity:

Initial Utilisation Date means the first Utilisation Date under this Agreement, however no later than 31 October 2012.

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