Common use of UTILISATION OF THE FACILITY LIMIT Clause in Contracts

UTILISATION OF THE FACILITY LIMIT. 2.1 Compliance with the Sublimits / Subceilings / limits for each type of Product: The Borrower is entitled to utilise the Facility Limit under the form of Credit Facilities in compliance with the Sublimits and/or Subceilings for overdraft, credit line or object loan for financing the current activity and/or the limits established as percentages from the Facility Limit provided for the utilization by the Borrower of certain types of Products, if the case. 2.2 Verifying the compliance with the established limits: If, under the Credit Facility Agreement, the Parties provided for Subceilings for overdraft, credit line or object loan for financing the current activity and/or the limits established as percentages from the Facility Limit provided for the utilization by the Borrower of certain types of Products, the Bank shall verify the compliance of the Credit Facilities granted under the Multiproduct Facility with the level thus agreed, under the following conditions: (a) for overdraft, credit line or object loan for financing the current activity Credit Facilities, upon the performance of any operation of granting, change of due date or supplementation thereof; (b) for a Discounting Facility for Negotiable Instruments, upon the performance of any operation of discounting, change of due date or supplementation thereof; or (c) for a Guarantee Facility, upon the performance of any operation of issuance, change of due date or supplementation of any Guarantee Instrument; (d) for the Endorsement Facility, upon the performance of any operation of issuance, change of due date or supplementation of any endorsement.