Common use of CREDIT FACILITY UTILIZATION PROCEDURE Clause in Contracts

CREDIT FACILITY UTILIZATION PROCEDURE. 6.6.1. Credit Facility is used on the basis of the Credit Facility Utilization Statement (in the form of Annex No. 1 hereto), hereinafter referred to as the “Statement”, by transferring cashless monetary funds in the amount of Tranches within the Credit Facility to the Borrower’s settlement account at the Bank in foreign currency. The Lender is entitled to provide the Credit Tranche within the Credit Facility on the basis of the Application provided to the Bank in the form of a fax/scanned copy and the Borrower shall within not later than 2 (two) Business Days after the Credit provision date (day) specified in subclause 6.6.5 hereof provide the original of the foregoing Application to the Bank.