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

Completion of a Utilisation Request for Loans. (a) Each Utilisation Request for a Loan shall be irrevocable and will not be regarded as having been duly completed unless: (i) it identifies the Facility to be utilised; (ii) it identifies the relevant Borrower; (iii) the proposed Utilisation Date is a Business Day within the Availability Period applicable to that Facility; (iv) the currency and amount of the Utilisation comply with Clause 5.3 (Currency and amount); and (v) the proposed Interest Period complies with Clause 11 (Interest Periods). (b) Multiple Utilisations may be requested in a Utilisation Request.

Appears in 2 contracts

Samples: Senior Facilities Agreement (Atlas Investissement), Senior Facilities Agreement (Atlas Investissement)

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Completion of a Utilisation Request for Loans. (a) Each Utilisation Request for a Loan shall be is irrevocable and will not be regarded as having been duly completed unless: (i) it identifies the Facility to be utilisedutilised and specified the purpose against which the Loan will be applied; (ii) it identifies the relevant Borrower; (iii) the proposed Utilisation Date is a Business Day within the Availability Period applicable to that Facility; (iviii) the currency and amount of the Utilisation comply with Clause 5.3 (Currency and amount); and (viv) the proposed Interest Period complies with Clause 11 (Interest Periods). (b) Multiple Utilisations Only one Utilisation may be requested in a each Utilisation Request.

Appears in 1 contract

Samples: Facilities Agreement (Enstar Group LTD)

Completion of a Utilisation Request for Loans. (a) Each Utilisation Request for a Loan shall be is irrevocable and will not be regarded as having been duly completed unless: (i) it identifies the Facility to be utilised; (ii) it identifies the relevant Borrower; (iii) the proposed Utilisation Date is a Business Day within the Availability Period applicable to that Facility; (iv) the currency and amount of the Utilisation comply Loan complies with Clause 5.3 (Currency and amount); and (v) the proposed Interest Period complies with Clause 11 12 (Interest Periods). . 71 (b) Multiple Utilisations Loans may be requested in a Utilisation Request where the proposed Utilisation Date is during the Certain Funds Period. Only one Loan may be requested in each subsequent Utilisation Request.

Appears in 1 contract

Samples: Senior Term Facilities Agreement (NeoGames S.A.)

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Completion of a Utilisation Request for Loans. (a) Each Utilisation Request for a Loan shall be is irrevocable and will not be regarded as having been duly completed unless: (i) it identifies the Facility to be utilised; (ii) it identifies the relevant BorrowerBorrower of the Loan; (iii) the proposed Utilisation Date is a Business Day within the Availability Period applicable to that Facility; (iv) the currency and amount of the Utilisation Loan comply with Clause clause 5.3 (Currency and amount); and (v) the proposed Interest Period complies with Clause 11 clause 13 (Interest Periods). (b) Multiple Utilisations Only one Loan may be requested in a each Utilisation Request.

Appears in 1 contract

Samples: Senior Term and Revolving Facilities Agreement

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