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) the proposed Utilisation Date is a Business Day within the applicable Availability Period; (b) the currency specified is USD; and (c) the proposed Interest Period complies with Clause 10 (Interest Periods).

Appears in 4 contracts

Samples: Senior Secured Term Loan Facility Agreement, Senior Secured Term Loan Facility Agreement, Senior Secured Term Loan Facility Agreement (Seadrill Partners LLC)

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