SPECIFIC UTILIZATION CONDITION Clause Samples
A Specific Utilization Condition clause defines particular requirements or limitations on how a product, service, or asset may be used under an agreement. For example, it may restrict the use of equipment to certain locations, limit access to authorized personnel, or require compliance with specific operational procedures. This clause ensures that the subject of the contract is used in a manner consistent with the parties' intentions, thereby reducing the risk of misuse and clarifying acceptable practices.
SPECIFIC UTILIZATION CONDITION. In addition to the utilization conditions provided by Clause 2.6 from Chapter 1 (General provisions) hereof, the Borrower is entitled to use the Facility Limit under the condition to provide the Bank with the duly filled-in payment instruments, in a form satisfactory to the Bank, whereby the Bank is instructed to make the Credit Facility payments.
SPECIFIC UTILIZATION CONDITION. In addition to the utilization conditions provided by Clause 2.6 from CGheanpetrearl p1r(ovisio)nhsereof, the Borrower is entitled to use the FacilityuLnidmeirt thecondition tporovide the Bank with the duly f-inled payment instrumentns,ai form satisfactory to the Bank, whereby the Bank is instructed to make the Cred Facility paymen.ts
SPECIFIC UTILIZATION CONDITION. In addition to the utilization conditions provided by Clause 2.6 from CGheanpetrearl 1pr(ovisio)nhsereof, the Borrower is entitled to use the Facility Limit under the condition to:
(i) specify on the payment documents, the location in the documents wherelethveanrt expenses are mentioned,as well as the source from which payments are made (e.g.own funds,loan);
(ii) provide the Bank with the duly fille-idn payment instruments, in a form satisfactory to the Bank, whereby the Bank is instructed to make the CreadcitilFity payments.