Common use of Reutilisation Clause in Contracts

Reutilisation. Subject to the terms of this Agreement, the Revolving Credit Facility is of a revolving nature and amounts recovered or repaid in respect of the Revolving Credit Facility may accordingly be redrawn. For this purpose, amounts received in respect of the Revolving Credit Facility will be applied in reduction of the relevant Obligor's liabilities on the Business Day of actual receipt by the Agent.

Reutilisation. Subject to the terms of this Agreement, the Receivables Finance Facility and the Revolving Credit Facility is are of a revolving nature and amounts recovered or repaid in respect of the Revolving Credit Facility those Facilities may accordingly be redrawn. For this purpose, amounts received in respect of the Receivables Finance Facility and the Revolving Credit Facility will be applied in reduction of the relevant Obligor's ’s liabilities then due on the Business Day of actual receipt by the Agent.

Reutilisation. Subject to the terms of this Agreement, the Revolving Credit Facility is of a revolving nature and amounts recovered or repaid in respect of the Revolving Credit Facility may accordingly be redrawn. , For this purpose, amounts received in respect of the Revolving Credit Facility will be applied in reduction of the relevant Obligor's ’s liabilities on the Business Day of actual receipt by the Agent.Lender