Common use of Conditions precedent for the First Utilisation Date Clause in Contracts

Conditions precedent for the First Utilisation Date. The Lenders will only be obliged to comply with Clause 5.4 (Lenders’ participation-loans) (about loans) and Clause 6.4 (Issue of -the Commercial Lenders’ Guarantee) if on the date of the proposed First Utilisation Date the Agent has received originals or certified copies of all of the documents and other evidence listed in Schedule 3Part II (Conditions Precedent to the First Utilisation Date), in form and substance satisfactory to the Agent (acting on the instructions from the Required Lenders).

Appears in 3 contracts

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

AutoNDA by SimpleDocs

Conditions precedent for the First Utilisation Date. The Lenders will only be obliged to comply with Clause 5.4 (Lenders’ participation-loans) (about loans) and Clause 6.4 (Issue of -the Commercial Lenders’ Guarantee) if on the date of the proposed First Utilisation Date the Agent has received originals or certified copies of all of the documents and other evidence listed in Schedule 3Part 2 Part II of the Common Terms Agreement (Conditions Precedent to the First Utilisation Date), in form and substance satisfactory to the Agent (acting on the instructions from the Required Lenders).

Appears in 3 contracts

Samples: Credit Facility Agreement, Credit Facility Agreement (Seadrill Partners LLC), Credit Facility Agreement (Seadrill Partners LLC)

AutoNDA by SimpleDocs

Conditions precedent for the First Utilisation Date. The Lenders will only be obliged to comply with Clause clause 5.4 (Lenders’ participation-loans) (about loans) and Clause 6.4 (Issue of -the Commercial Lenders’ Guarantee) if on or before the date of the proposed First Utilisation Date Date, the Agent Agent, or its duly authorised representative, has received originals or certified copies of all of the documents and other evidence listed in Part I of Schedule 3Part II 3 (Conditions Precedent precedent to the First Utilisation Date), ) in form and substance satisfactory to the Agent (acting on the instructions from the Required Lenders)Agent.

Appears in 2 contracts

Samples: www.lw.com, Seadrill Partners LLC

Time is Money Join Law Insider Premium to draft better contracts faster.