Common use of Conditions of Utilisation Clause in Contracts

Conditions of Utilisation. 3.1 The Scottish Ministers will only be obliged to comply with their obligations under this Clause 3 in relation to any Utilisation if on or before the Utilisation Date for that Utilisation, the Scottish Ministers have received all of the documents and other evidence listed in (i) Part A of Part 1 of the Schedule in respect of the first Utilisation and, (ii) Part B of Part 1 of the Schedule in respect of each subsequent Utilisation. The Scottish Ministers shall notify the Borrower promptly upon being so satisfied. 3.2 If the conditions set out in this Agreement have been met, and subject to there being no Potential Event of Default or Event of Default having occurred which is continuing unwaived and to the Utilisation Request being made for a date within the Availability Period, the Scottish Ministers shall advance the Loan on the Utilisation Date specified in a Utilisation Request. 3.3 The Borrower may drawdown the Facility in such number of tranches as it may determine not exceeding in aggregate the Available Facility provided that: 3.3.1 no drawing of the Facilities shall be for an amount less than £100,000; 3.3.2 no more than one Utilisation Request may be made at any one time with no more than two utilisations in any month; 3.3.3 each Utilisation Request may only be made in accordance with details contained in the Utilisation Request; and 3.3.4 the first Utilisation Request shall be for the amount of, or less than, £6,000,000

Appears in 3 contracts

Samples: Loan Agreement, Loan Agreement, Loan Agreement

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Conditions of Utilisation. 3.1 The Scottish Ministers will only be obliged to comply with their obligations under this Clause 3 in relation to any Utilisation if on or before the Utilisation Date for that Utilisation, the Scottish Ministers have received all of the documents and other evidence listed in (i) Part A of Part 1 of the Schedule in respect of the first Utilisation and, (ii) Part B of Part 1 of the Schedule in respect of each subsequent Utilisation. The Scottish Ministers shall notify the Borrower promptly upon being so satisfied. 3.2 If the conditions set out in this Agreement have been met, and subject to there being no Potential Event of Default or Event of Default having occurred which is continuing unwaived and to the Utilisation Request being made for a date within the Availability Period, the Scottish Ministers shall advance the Loan on the Utilisation Date specified in a Utilisation Request. 3.3 The Borrower may drawdown the Facility in such number of tranches as it may determine not exceeding in aggregate the Available Facility provided that: 3.3.1 no drawing of the Facilities shall be for an amount less than £100,000;[Redacted-3] 3.3.2 no more than one Utilisation Request may be made at any one time with no more than two utilisations in any month[Redacted-4]; 3.3.3 each Utilisation Request may only be made in accordance with details contained in the Utilisation Request; and 3.3.4 the first Utilisation Request shall be for the amount of, or less than, £6,000,000[Redacted-5]

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement

Conditions of Utilisation. 3.1 The Scottish Ministers will only be obliged to comply with their obligations under this Clause 3 in relation to any Utilisation if if:- 3.1.1 on or the date of this Agreement the Scottish Ministers have received and are satisfied with all of the documents and other evidence listed in Part A of Part 1 of the Schedule; 3.1.2 by the date which is no later than 5 Business Days before the Utilisation Date for that first Utilisation, the Scottish Ministers have received all of the documents and other evidence listed in (i) Part A of Part 1 of the Schedule in respect of the first Utilisation and, (ii) Part B of Part 1 of the Schedule in respect of Schedule; 3.1.3 by the date which is no later than 5 Business Days before each subsequent Utilisation. The , the Scottish Ministers shall notify have received all of the Borrower promptly upon being so satisfieddocuments and other evidence listed in Part C of Part 1 of the Schedule. 3.2 If the conditions set out in this Agreement have been met, and subject to there being no Potential Event of Default or Event of Default having occurred which is continuing unwaived and to the Utilisation Request being made for a date within the Availability Period, the Scottish Ministers shall advance the a Loan on the Utilisation Date specified in a Utilisation Request. 3.3 The Borrower may drawdown the Facility in such number of tranches as it may determine not exceeding in aggregate the Available Facility provided that: 3.3.1 no drawing of the Facilities Facility shall be for an amount less than £100,000; 3.3.2 no more than one Utilisation Request may be made at any one time with no more than two utilisations in any month; 3.3.3 each Utilisation Request may only be made in accordance with details contained in the Utilisation Request[REDACTED]; and 3.3.4 the first Utilisation Request shall be for the amount of, or less than, £6,000,000[REDACTED]

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement

Conditions of Utilisation. 3.1 The Scottish Ministers will only be obliged to comply with their obligations under this Clause 3 in relation to any Utilisation if on or before the Utilisation Date for that Utilisation, the Scottish Ministers have received all of the documents and other evidence listed in (i) Part A of Part 1 of the Schedule in respect of the first Utilisation and, (ii) Part B of Part 1 of the Schedule in respect of each subsequent Utilisation. The Scottish Ministers shall notify the Borrower promptly upon being so satisfied. 3.2 If the conditions set out in this Agreement have been met, and subject to there being no Potential Event of Default or Event of Default having occurred which is continuing unwaived and to the Utilisation Request being made for a date within the Availability Period, the Scottish Ministers shall advance the Loan on the Utilisation Date specified in a Utilisation Request. 3.3 The Borrower may drawdown the Facility in such number of tranches as it may determine not exceeding in aggregate the Available Facility provided that: 3.3.1 no drawing of the Facilities shall be for an amount less than £100,000;[Redacted] 3.3.2 no more than one Utilisation Request may be made at any one time with no more than two utilisations in any month[Redacted]; 3.3.3 each Utilisation Request may only be made in accordance with details contained in the Utilisation Request; and 3.3.4 the first Utilisation Request shall be for the amount of, or less than, £6,000,000[Redacted]

Appears in 1 contract

Samples: Loan Agreement

Conditions of Utilisation. 3.1 The Scottish Ministers will only be obliged to comply with their obligations under this Clause 3 in relation to any Utilisation if on or before the Utilisation Date for that Utilisation, the Scottish Ministers have received all of the documents and other evidence listed in (i) Part A of Part 1 of the Schedule in respect of the first Utilisation and, (ii) Part B of Part 1 of the Schedule in respect of each subsequent Utilisation. The Scottish Ministers shall notify the Borrower promptly upon being so satisfied. 3.2 If the conditions set out in this Agreement have been met, and subject to there being no Potential Event of Default or Event of Default having occurred which is continuing unwaived and to the Utilisation Request being made for a date within the Availability Period, the Scottish Ministers shall advance the Loan on the Utilisation Date specified in a Utilisation Request. 3.3 The Borrower may drawdown the Facility in such number of tranches as it may determine not exceeding in aggregate the Available Facility provided that: 3.3.1 no drawing of the Facilities shall be for an amount less than £100,000;[Redacted-3] 3.3.2 no more than one Utilisation Request may be made at any one time [Redacted-4] with no more than two [Redacted-5] utilisations in any month; 3.3.3 each Utilisation Request may only be made in accordance with details contained in the Utilisation Request; and 3.3.4 the first Utilisation Request shall be for the amount of, or less than, £6,000,000[Redacted-6]

Appears in 1 contract

Samples: Loan Agreement

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Conditions of Utilisation. 3.1 The Scottish Ministers will only be obliged to comply with their obligations under this Clause 3 in relation to any Utilisation if on or before the Utilisation Date for that Utilisation, the Scottish Ministers have received all of the documents and other evidence listed in (i) Part A of Part 1 of the Schedule in respect of the first Utilisation and, (ii) Part B of Part 1 of the Schedule in respect of each subsequent Utilisation. The Scottish Ministers shall notify the Borrower promptly upon being so satisfied. 3.2 If the conditions set out in this Agreement have been met, and subject to there being no Potential Event of Default or Event of Default having occurred which is continuing unwaived and to the Utilisation Request being made for a date within the Availability Period, the Scottish Ministers shall advance the Loan on the Utilisation Date specified in a Utilisation Request. 3.3 The Borrower may drawdown the Facility in such number of tranches as it may determine not exceeding in aggregate the Available Facility provided that: 3.3.1 no drawing of the Facilities shall be for an amount less than £100,000[REDACTED]; 3.3.2 no more than one Utilisation Request may be made at any one time with no more than two utilisations in any month;[REDACTED] 3.3.3 each Utilisation Request may only be made in accordance with details contained in the Utilisation Request; and 3.3.4 the first Utilisation Request shall be for the amount of, or less than, £6,000,000[REDACTED]

Appears in 1 contract

Samples: Loan Agreement

Conditions of Utilisation. 3.1 The Scottish Ministers will only be obliged to comply with their obligations under this Clause 3 in relation to any Utilisation if on or before the Utilisation Date for that Utilisation, the Scottish Ministers have received all of the documents and other evidence listed in (i) Part A of Part 1 of the Schedule in respect of the first Utilisation and, (ii) Part B of Part 1 of the Schedule in respect of each subsequent Utilisation. The Scottish Ministers shall notify the Borrower promptly upon being so satisfied. 3.2 If the conditions set out in this Agreement have been met, and subject to there being no Potential Event of Default or Event of Default having occurred which is continuing unwaived and to the Utilisation Request being made for a date within the Availability Period, the Scottish Ministers shall advance the Loan on the Utilisation Date specified in a Utilisation Request. 3.3 The Borrower may drawdown the Facility in such number of tranches as it may determine not exceeding in aggregate the Available Facility provided that: 3.3.1 no drawing of the Facilities shall be for an amount less than £100,000;[Redacted]; [Redacted] 3.3.2 no more than one Utilisation Request may be made at any one time with no more than two utilisations in any month; 3.3.3 each Utilisation Request may only be made in accordance with details contained in the Utilisation Request; and 3.3.4 the first Utilisation Request shall be for the amount of, or less than, £6,000,000

Appears in 1 contract

Samples: Loan Agreement

Conditions of Utilisation. 3.1 The Scottish Ministers will only be obliged to comply with their obligations under this Clause 3 in relation to any Utilisation if on or before the Utilisation Date for that Utilisation, the Scottish Ministers have received all of the documents and other evidence listed in (i) Part A of Part 1 of the Schedule in respect of the first Utilisation and, (ii) Part B of Part 1 of the Schedule in respect of each subsequent Utilisation. The Scottish Ministers shall notify the Borrower promptly upon being so satisfied. 3.2 If the conditions set out in this Agreement have been met, and subject to there being no Potential Event of Default or Event of Default having occurred which is continuing unwaived and to the Utilisation Request being made for a date within the Availability Period, the Scottish Ministers shall advance the Loan on the Utilisation Date specified in a Utilisation Request. 3.3 The Borrower may drawdown the Facility in such number of tranches as it may determine not exceeding in aggregate the Available Facility provided that: 3.3.1 no drawing of the Facilities shall be for an amount less than £100,000;[Redacted] 3.3.2 no more than one Utilisation Request may be made at any one time with no more than two utilisations in any month;[Redacted] 3.3.3 each Utilisation Request may only be made in accordance with details contained in the Utilisation Request; and 3.3.4 the first Utilisation Request shall be for the amount of, or less than, £6,000,000[Redacted]

Appears in 1 contract

Samples: Loan Agreement

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