Common use of Maximum number of Utilisations Clause in Contracts

Maximum number of Utilisations. The Borrower may not deliver a Utilisation Request if, as a result of the proposed Utilisation, more than 3 Letters of Credit would be outstanding.

Appears in 2 contracts

Samples: Agreement (Hamilton Insurance Group, Ltd.), Assignment Agreement (Hamilton Insurance Group, Ltd.)

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Maximum number of Utilisations. The (a) A Borrower may not deliver a Utilisation Request if, if as a result of the proposed Utilisation, Utilisation more than 3 twenty-five (25) Loans or more than twenty-five (25) Letters of Credit would be outstanding.

Appears in 1 contract

Samples: Linde PLC

Maximum number of Utilisations. The (a) A Borrower may not deliver a Utilisation Request if, as a result of the proposed Utilisation, more than 3 17 Letters of Credit would be outstanding.

Appears in 1 contract

Samples: Agreement (Sequa Corp /De/)

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Maximum number of Utilisations. The Borrower may not deliver a Utilisation Request if, if as a result of the proposed Utilisation, Utilisation more than 3 150 Letters of Credit would be outstanding.

Appears in 1 contract

Samples: Agreement (Flagstone Reinsurance Holdings, S.A.)

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