Utilization of the Facility Sample Clauses

Utilization of the Facility. 5.1 Utilization of Revolving Credit Facility. ----------------------------------------
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Utilization of the Facility. 3.1 Types and Scope of the Facility The said facility shall be comprehensive facilities:
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Utilization of the Facility. 6.1 Save as otherwise provided herein, Advances will be made by the Banks or, as the case may be, a Letter of Credit or Contract Guarantee will be issued by the Fronting Bank or, as the case may be, Short-Term Advances will be made by the Overdraft Provider to the Borrower if:
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Utilization of the Facility. Subject to the terms and conditions hereof, the Borrower may utilize the Facility by way of Prime Rate Drawings, Base Rate Drawings, LIBOR Drawings, Bankers' Acceptance Drawings (including BA Equivalent Drawings) and/or Letter of Credit/Guarantee Drawings provided that the obligation of the Lenders to provide Bankers' Acceptance Drawings and LIBOR Drawings shall, notwithstanding any other provisions contained in this Agreement, be subject to the condition that if the Lenders, acting reasonably, shall have determined and advised the Borrower in writing that by reasons affecting the money markets, the BA Period or LIBOR Interest Period requested is not available, or if it becomes unlawful for the Lenders to fund a Bankers' Acceptance Drawing or LIBOR Drawing, then the Lenders shall not be obliged to provide a Bankers' Acceptance Drawing or LIBOR Drawing, as the case may be, for the requested BA Period or LIBOR Interest Period, until such circumstances cease to prevail.
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Utilization of the Facility. 4.1. The execution of this Contract does not mean that the Lender must make available the facilities within the limit specified herein. If the Applicant wishes to utilize any facility hereunder, the Applicant shall submit a utilization request to the Lender and, if the request is approved by the Lender, enter into a separate agreement with the Lender. The type, amount, purpose, term, interest rate and other matters in respect of the facility actually provided shall be subject to such separate agreement.
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Utilization of the Facility. The Bank Guarantee will be issued by the Bank at the Borrower's request if:
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Utilization of the Facility. The Borrower may utilize the Facility by requesting disbursement(s) of the Loan, which shall be done by a way of a delivery to the Facility Agent of duly completed Utilization Request(s).
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Utilization of the Facility 
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Related to Utilization of the Facility

  • The Facility Subject to the terms of this Agreement, the Lenders make available to the Borrower a term loan facility in an aggregate amount equal to the Total Commitments.

  • Availability of Facility Subject to the terms of this Agreement, the facility is available from the date hereof to the Facility Termination Date, and the Borrower may borrow, repay and reborrow at any time prior to the Facility Termination Date. The Commitments shall expire on the Facility Termination Date.

  • The Facilities Subject to the terms of this Agreement, the Lenders make available to the Borrowers:

  • Facility Prudential is willing to consider, in its sole discretion and within limits which may be authorized for purchase by Prudential Affiliates from time to time, the purchase of Shelf Notes pursuant to this Agreement. The willingness of Prudential to consider such purchase of Shelf Notes is herein called the “Facility”. At any time, the aggregate principal amount of Shelf Notes stated in Section 1.2, minus the aggregate principal amount of Shelf Notes purchased and sold pursuant to this Agreement prior to such time, minus the aggregate principal amount of Accepted Notes (as hereinafter defined) which have not yet been purchased and sold hereunder prior to such time, is herein called the “Available Facility Amount” at such time. NOTWITHSTANDING THE WILLINGNESS OF PRUDENTIAL TO CONSIDER PURCHASES OF SHELF NOTES BY PRUDENTIAL AFFILIATES, THIS AGREEMENT IS ENTERED INTO ON THE EXPRESS UNDERSTANDING THAT NEITHER PRUDENTIAL NOR ANY PRUDENTIAL AFFILIATE SHALL BE OBLIGATED TO MAKE OR ACCEPT OFFERS TO PURCHASE SHELF NOTES, OR TO QUOTE RATES, SPREADS OR OTHER TERMS WITH RESPECT TO SPECIFIC PURCHASES OF SHELF NOTES, AND THE FACILITY SHALL IN NO WAY BE CONSTRUED AS A COMMITMENT BY PRUDENTIAL OR ANY PRUDENTIAL AFFILIATE.

  • Banking Facilities CLAUSE 2.29 of the Disclosure Schedule sets forth ------------------ a true, correct and complete list of:

  • CONDITIONS OF INITIAL EXTENSION OF CREDIT The obligation of Bank to extend any credit contemplated by this Agreement is subject to the fulfillment to Bank's satisfaction of all of the following conditions:

  • Access to Facilities Each of the Company and each of its Subsidiaries will permit any representatives designated by the Purchaser (or any successor of the Purchaser), upon reasonable notice and during normal business hours, at such person's expense and accompanied by a representative of the Company, to:

  • The Credit Facilities Section 2.1 The Revolving Credit Facility.

  • Construction Requirements a) All Life and Safety and applicable Building Codes will be strictly enforced (i.e., tempered glass, fire dampers, exit signs, smoke detectors, alarms, etc.). Prior coordination with the Building Manager is required.

  • Availability of Funds Unless Administrative Agent shall have been notified by any Lender prior to the applicable Credit Date that such Lender does not intend to make available to Administrative Agent the amount of such Lender’s Loan requested on such Credit Date, Administrative Agent may assume that such Lender has made such amount available to Administrative Agent on such Credit Date and Administrative Agent may, in its sole discretion, but shall not be obligated to, make available to Borrower a corresponding amount on such Credit Date. If such corresponding amount is not in fact made available to Administrative Agent by such Lender, Administrative Agent shall be entitled to recover such corresponding amount on demand from such Lender together with interest thereon, for each day from such Credit Date until the date such amount is paid to Administrative Agent, at the customary rate set by Administrative Agent for the correction of errors among banks for three Business Days and thereafter at the Base Rate. If such Lender does not pay such corresponding amount forthwith upon Administrative Agent’s demand therefor, Administrative Agent shall promptly notify Borrower and Borrower shall immediately pay such corresponding amount to Administrative Agent together with interest thereon, for each day from such Credit Date until the date such amount is paid to Administrative Agent, at the rate payable hereunder for Base Rate Loans for such Class of Loans. Nothing in this Section 2.5(b) shall be deemed to relieve any Lender from its obligation to fulfill its Term Loan Commitments and Revolving Commitments hereunder or to prejudice any rights that Borrower may have against any Lender as a result of any default by such Lender hereunder.

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