Initial Utilisation definition

Initial Utilisation means the first Utilisation of the Facility by the Borrower.
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Initial Utilisation means the first Utilisation of Facility A by the Original Borrower. "Initial Utilisation Date" the date of the Initial Utilisation.
Sample 1Sample 2
Initial Utilisation means the first Utilisation of the Facility.
Sample 1

Examples of Initial Utilisation in a sentence

  • No Borrower may deliver a Utilisation Request to the Agent or an Issuing Bank unless the Agent has received all of the documents and other evidence listed in Part I (Conditions Precedent to Initial Utilisation) of Schedule 2 (Conditions Precedent) in form and substance satisfactory to the Agent.

  • Group Structure Chart means the group structure of the Group delivered to the Agent pursuant to Part I (Conditions Precedent to Initial Utilisation) of Schedule 2 (Conditions Precedent and Conditions Subsequent) and assuming that the Closing Date has occurred.

  • Subject to paragraph 6(a) below, the Parent must pay (or procure that the Company will pay) on the Initial Utilisation Date, an arrangement fee in an aggregate amount equal to £2,775,000, being 3 per cent.

  • Additional Sponsor Contribution means any cash contribution made or to be made by the Sponsors to the Company pursuant to paragraph 2(i)(iii) of Part I (Conditions Precedent to Initial Utilisation) of Schedule 2 (Conditions Precedent and Conditions Subsequent).

  • On perusal of the Facility Agreement dated 17.01.2018, in the Definition and Interpretation Clause, “Final Repayment Date” is defined as the date falling on 90 days from the Initial Utilisation.

  • Thus for all 1 < j < N/2(N − 2)(LN (1|j) − LN (1|N − j)) = (N − 2j)(LN (1|1) − LN (1|N − 1)).

  • Accordingly, and notwithstanding anything to the contrary herein or in any other Mandate Document, during the Certain Funds Period, the only conditions to utilisation of the Facilities (subject to the Aggregate Drawdown Limit (as defined in the Term Sheet)) to be made on the Initial Utilisation Date solely for the purposes set out in the "Purpose" section of the Term Sheet are as expressly set out in paragraph 2 ( Commitment) above and the "Certain Funds" section of the Term Sheet.

  • The word“Arranger” in paragraph 1(b)(iv) of Part 1B ( Conditions precedent to Initial Utilisation) of Schedule 2 (Conditions Precedent) shall be deleted and replaced with the words “Majority Lenders”.

  • The Borrower shall procure the Company to make Distributions or the DutchCo or the Sponsor to make equity contributions, in either case, in the amount no less than the Tranche B Loan within twelve (12) Months from the Initial Utilisation Date.

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More Definitions of Initial Utilisation

Initial Utilisation means the Utilisation of the Facilities by the Original Borrower.
Sample 1
Initial Utilisation means the first Utilisation under this Agreement which is to utilise the Acquisition Facility.
Sample 1

Related to Initial Utilisation

  • Utilisation means a utilisation of the Facility.

  • Utilisation Date means the date of a Utilisation, being the date on which the relevant Loan is to be made.

  • Utilisation Request means a notice substantially in the form set out in Schedule 3 (Utilisation Request).

  • stabilisation means processes which change the hazardousness of the constituents in the waste and transform hazardous waste into non-hazardous waste.

  • Drawdown Request means a notice substantially in the form set out in Schedule 3 (Drawdown Request).

  • Drawdown means a drawdown of an Advance;

  • Initial Lenders has the meaning specified in the recital of parties to this Agreement.

  • Conditional Incremental Auction means an Incremental Auction conducted for a Delivery Year if and when necessary to secure commitments of additional capacity to address reliability criteria violations arising from the delay in a Backbone Transmission upgrade that was modeled in the Base Residual Auction for such Delivery Year.

  • Initial Lender has the meaning specified in the recital of parties to this Agreement.

  • Conditions Precedent means the conditions precedent set out in clause 3 below;

  • Commitment Increase Supplement as defined in subsection 2.20(c).

  • Initial Borrowing means the first Borrowing by the Borrower under this Agreement.

  • Drawdown Notice means a notice in the form set out in Schedule 2 (or in any other form which the Agent approves or reasonably requires);

  • Commitment Increase has the meaning specified in Section 2.18(a).

  • Commitment Increase Agreement has the meaning assigned to such term in Section 2.20.

  • Drawdown Date means, in relation to an Advance, the date requested by the Borrower for the Advance to be made, or (as the context requires) the date on which the Advance is actually made;

  • Initial Borrowing Date means the date occurring on or after the Effective Date on which the initial Borrowing of Loans occurs.

  • Commitment Increase Date has the meaning assigned to such term in Section 2.08(e).

  • Commitment Increase Notice has the meaning assigned to such term in Section 2.19.

  • Notice of Drawdown means a notice substantially in the form set out in Schedule 4 (Notice of Drawdown).

  • Initial Revolving Borrowing means one or more borrowings of Dollar Revolving Credit Loans or issuances or deemed issuances of Letters of Credit on the Closing Date in an amount not to exceed the aggregate amounts specified or referred to in the definition of “Permitted Initial Revolving Borrowing Purposes.”

  • Special Notice Currency means at any time an Alternative Currency, other than the currency of a country that is a member of the Organization for Economic Cooperation and Development at such time located in North America or Europe.

  • Borrowing Date any Business Day specified by the Borrower as a date on which the Borrower requests the relevant Lenders to make Loans hereunder.

  • Drawdown Period means the period commencing on the Execution Date and ending on the earlier of (i) 30 April 2012 and (ii) any date on which the Commitment is finally cancelled or fully drawn under the terms of this Agreement;

  • Facility Increase has the meaning provided in Section 2.15(a).

  • Borrower Joinder Agreement means a Borrower Joinder Agreement substantially in the form of Exhibit B-1.