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.
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Initial Utilisation means the first Utilisation under this Agreement which is to utilise the Acquisition Facility.
Sample 1

Examples of Initial Utilisation in a sentence

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

  • For the purposes of the month in which the Initial Utilisation Date occurs, the amount in paragraph (B) shall be deemed to be zero.

  • Emergencies and reasonable accommodation transfers are processed before new admissions.

  • 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.

  • Evidence that the fees, costs and expenses then due from the Borrower pursuant to any of the Finance Documents have been paid or will be paid by the Initial Utilisation Date.

  • Please ensure documentation reflects the contact.PAA- Specific Documentation:For scheduled contacts required by the waivers, the visit type selected in PIMS must be in-person, even if the required contact/visit was completed through telephonic contact.

  • Subject to any qualification as to legal matters contained in the legal opinions referred to in Schedule 4 (Conditions Precedent to Initial Utilisation), no consent or authorisation of, filing with, notice to or other act by or in respect of, any Governmental Authority or any other Person is required in connection with the Loans hereunder or with the execution, delivery, performance, validity or enforceability of this Agreement or any of the Finance Documents to which the Borrower is a party.

  • Subject to any qualification as to legal matters contained in the legal opinions referred to in Schedule 4 (Conditions Precedent to Initial Utilisation), this Agreement constitutes, and each other Finance Document to which the Borrower is a party, upon execution will constitute, a legal, valid and binding obligation of the Borrower, enforceable against the Borrower in accordance with the terms.

  • They cannot manage their students in promoting their English knowledge through speaking skills in ELT classroom.

  • Each of BCC and Company acknowledges that all costs, fees and expenses as described in subsection 9.2 of the Credit Agreement incurred by Agents and their respective counsel with respect to this Waiver and Amendment and the documents and transactions contemplated hereby shall be for the account of BCC and Company.


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 of the 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).

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

  • Drawdown means a drawdown of a Facility.

  • 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 shall have the meaning set forth in Clause 4.2.

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

  • Initial Borrowing means the first Borrowing made pursuant to 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).

  • Facility Increase Request means the notice in the form of Exhibit H pursuant to which the Borrowers request an increase of the Maximum Commitment in accordance with Section 3.6.

  • Commitment Increase Notice as defined in Section 2.1(b).

  • 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 Revolving Credit Loans or issuances or deemed issuances of Letters of Credit on the Closing Date as specified in the definition of the term “Permitted Initial Revolving Borrowing.”

  • 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).

  • Credit Event Resolution Request Date means, with respect to a notice to ISDA requesting that a Credit Derivatives Determinations Committee be convened to resolve: