Common use of UTILISATION NOTICES Clause in Contracts

UTILISATION NOTICES. 6.5.1 Subject to the terms of this Agreement, each Utilisation Notice shall be irrevocable and shall oblige the relevant Borrower to borrow the amount so requested or, as the case may be, to give effect to the Utilisation so requested on the date specified in such Utilisation Notice upon the terms and subject to the conditions set out in this Agreement. 6.5.2 The first Utilisation Notice delivered hereunder shall include a request to draw down as part of the relevant Revolving Loan an amount equal to the amount of any fees then due and payable to the Arranger, the Agent and the Lenders and to such other valuers and professional advisers as shall have been agreed with the Agent and the Lenders as being payable therefrom and an authorisation and direction to the Agent to appropriate for such purpose the proceeds of so much of the relevant Revolving Loan as is required to satisfy the payment in full of such fees.