Common use of Utilisation of Ancillary Facilities Clause in Contracts

Utilisation of Ancillary Facilities. (a) Each Borrower (other than the US Borrower), may subject to paragraph (b) below, at any time at least 35 days prior to the Termination Date in respect of the Revolving Facility or Secondary Revolving Facility (as applicable) by delivery of a notice (a “Conversion Notice”) to the Facility Agent, request an Ancillary Facility to be established by the conversion of any Lender’s Available Revolving Facility Commitment or Available Secondary Revolving Facility Commitment, as applicable (or any part of it) into an Ancillary Facility Commitment with effect from the date (in this Clause 6, the “Effective Date”) specified in the Conversion Notice (being a date not less than 3 Business Days after the date such Conversion Notice is received by the Facility Agent).

Appears in 3 contracts

Samples: Lease Agreement (Virgin Media Inc.), Senior Facilities Agreement (Virgin Media Inc.), Senior Facilities Agreement (Virgin Media Inc.)

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Utilisation of Ancillary Facilities. (a) Each Borrower (other than the US Borrower), may subject to paragraph (b) below, at any time at least 35 days prior to the Termination Date in respect of the Revolving Facility or Secondary Revolving Facility (as applicable) by delivery of a notice (a Conversion Notice) to the Facility Agent, request an Ancillary Facility to be established by the conversion of any Lender’s Lenders Available Revolving Facility Commitment or Available Secondary Revolving Facility Commitment, as applicable (or any part of it) into an Ancillary Facility Commitment with effect from the date (in this Clause 6, the Effective Date) specified in the Conversion Notice (being a date not less than 3 Business Days after the date such Conversion Notice is received by the Facility Agent).

Appears in 1 contract

Samples: Senior Facilities Agreement (Virgin Media Inc.)

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