Common use of Completion of Utilisation Request Clause in Contracts

Completion of Utilisation Request. (a) The Utilisation Request is irrevocable and will not be regarded as having been duly completed unless: (i) it specifies the purpose of the Loan to be drawn; (ii) it specifies the proposed Utilisation Date is a Business Day within the Availability Period; and (iii) the currency and amount of the Utilisation (which must comply with Clause 5.3 (Currency and Amount)). (b) Only one Loan may be requested in the Utilisation Request.

Appears in 3 contracts

Samples: Secured Term Loan Facility (Mohegan Tribal Gaming Authority), Secured Term Loan Facility, Secured Term Loan Facility

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Completion of Utilisation Request. (a) The Utilisation Request is irrevocable and will not be regarded as having been duly completed unless: (i) it specifies the purpose of the Loan to be drawn; (ii) it specifies the proposed Utilisation Date is a Business Day within the Availability Period; and; (iiiii) the currency and amount of the Utilisation (which must comply with Clause 5.3 (Currency and Amountamount); and (iii) the proposed Interest Period complies with Clause 9 (Interest Periods). (b) Only one Loan advance may be requested in the Utilisation Request.

Appears in 3 contracts

Samples: Term Loan Facility (Global Ship Lease, Inc.), Term Loan Facility (Global Ship Lease, Inc.), Term Loan Facility (Pyxis Tankers Inc.)

Completion of Utilisation Request. (a) The Utilisation Request is irrevocable and will not be regarded as having been duly completed unless: (i) it specifies the purpose of the Loan to be drawn; (ii) it specifies the proposed Utilisation Date is a Business Day within the Availability Period; and; (iiiii) the currency and amount of the Utilisation (which must comply with Clause 5.3 β€Ž5.3 (Currency and Amountamount); and (iii) the proposed Interest Period complies with Clause β€Ž9 (Interest Periods). (b) Only one Loan advance may be requested in the Utilisation Request.

Appears in 2 contracts

Samples: Facility Agreement (United Maritime Corp), Term Loan Facility (Seanergy Maritime Holdings Corp.)

Completion of Utilisation Request. (a) The Utilisation Request is irrevocable and will not be regarded as having been duly completed unless: (ia) it specifies the purpose of the Loan to be drawn; (ii) it specifies the proposed Utilisation Date is a Business Day within the Availability Period; and; (iiib) the currency and amount of the Utilisation (which must comply with Clause 5.3 (Currency and Amountamount)).; and (bc) Only one it specifies the account and bank to which the proceeds of the Loan may are to be requested in the Utilisation Requestcredited.

Appears in 1 contract

Samples: Facility Agreement (Navios Maritime Partners L.P.)

Completion of Utilisation Request. (a) The Utilisation Request is irrevocable and will not be regarded as having been duly completed unless: (i) it specifies the purpose of the Loan to be drawn; (ii) it specifies the proposed Utilisation Date is a Business Day within the relevant Availability Period; and; (iiiii) the currency and amount of the Utilisation (which must comply with Clause 5.3 (Currency and Amountamount); and (iii) the proposed Interest Period complies with Clause 9 (Interest Periods). (b) Only one Loan advance may be requested in the Utilisation Request.

Appears in 1 contract

Samples: Term Loan Facility (Ardmore Shipping Corp)

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Completion of Utilisation Request. (a) The Each Utilisation Request is irrevocable and will not be regarded as having been duly completed unless: (ia) it specifies the purpose of the Loan to be drawn; (ii) it specifies the proposed Utilisation Date is a Business Day business day within the Availability Period; and (iiib) the currency and amount of the Utilisation (which must comply with Clause 5.3 (Currency and Amount)amount). (b) Only one Loan may be requested in the Utilisation Request.

Appears in 1 contract

Samples: Term Loan Facility Agreement (China Security & Surveillance Technology, Inc.)

Completion of Utilisation Request. (a) The Utilisation Request is irrevocable and will not be regarded as having been duly completed unless: (i) it specifies the purpose of the Loan to be drawn; (ii) it specifies the proposed Utilisation Date is a Business Day business day within the Availability Period; and (iiiii) the currency and amount of the Utilisation (which must comply with Clause 5.3 (Currency and Amount)amount). (b) Only one Loan may be requested in the Utilisation Request.

Appears in 1 contract

Samples: Term Loan Facility Agreement (China Security & Surveillance Technology, Inc.)

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