Common use of Completion of a Utilisation Request for Loan Clause in Contracts

Completion of a Utilisation Request for Loan. A Utilisation Request is irrevocable and will not be regarded as having been duly completed unless: (a) it specifies whether it is for a Commercial Facility Advance, Eksportfinans Commercial Facility Advance, Eksportfinans GIEK Facility Advance or a Revolving Facility Advance; (b) the proposed Utilisation Date is a Business Day within the applicable Availability Period and the amount of the proposed Commercial Facility Advance or the proposed Revolving Facility Advance is in a minimum amount of USD 1,000,000 and which (together with the Loans outstanding) is not more than available pursuant to Clause 2.1 (Facility); (c) the currency specified is USD; and (d) the proposed Interest Period complies with Clause 12 (Interest Periods).

Completion of a Utilisation Request for Loan. A Utilisation Request is irrevocable and will not be regarded as having been duly completed unless: (a) it specifies whether it is for a Commercial Facility Advance, Eksportfinans an ECA Lender Commercial Facility Advance, Eksportfinans GIEK Facility Advance or a Revolving an ECA Lender GIEK Facility Advance; (b) the proposed Utilisation Date is a Business Day within the applicable Availability Period Period; (c) the currency specified is USD and the amount of the proposed Commercial Facility Advance or the proposed Revolving Facility Advance is in a minimum an amount of minimum USD 1,000,000 and which (together with the Loans outstanding) is not more than available pursuant to Clause 2.1 (Facility); (c) the currency specified is USD; and (d) the proposed Interest Period complies with Clause 12 (Interest Periods).