Utilisation Notice definition

Utilisation Notice means a notice in the form or substantially in the form of schedule 2; and

Utilisation Notice means a notice given under clause 4 in respect of an Advance.

Utilisation Notice means a notice in substantially the form of Schedule 4 (Utilisation Notice) specifying the terms on which an Advance will be made by the Lender to the Loan Note Issuer;

Examples of Utilisation Notice in a sentence

• The Agent shall not be obliged to accept any Transfer Certificate received by it under this Agreement on any day on or after the receipt by it of a Utilisation Notice and prior to the making of the relative Loan or issue of the relevant Letter of Credit or Guarantee.

• Save as otherwise provided in this Agreement, the duration of each Interest Period relating to a LIBOR Revolving Loan shall be the period selected by the relevant Borrower in the Utilisation Notice relating to that LIBOR Revolving Loan.

• Subject to the terms of this Agreement, if the Agent agrees with a Borrower (acting on the instructions of the Issuer), the Issuer shall, at that Borrower's request (contained in a Utilisation Notice) issue one or more documentary letters of credit (each a "LETTER OF CREDIT") or Guarantees (each a "GUARANTEE"), in each case denominated in sterling or any Foreign Currency as the Issuer may agree, for that Borrower's account.

• The Agent shall, promptly after receipt by it of a Utilisation Notice, notify each Lender of the details of such notice and of the amount of that Lender's share of the Utilisation to be made available to the relevant Borrower.

• The obligations of the Facility Agent and each Bank in respect of each Tranche 2 Utilisation are subject to the Facility Agent being satisfied that at the relevant date of the Tranche 2 Utilisation Notice the amount of the Equity Contribution is at least 50% of the aggregate of the amount of Tranche 2 Advances outstanding and the amount requested in the Tranche 2 Utilisation Notice.

More Definitions of Utilisation Notice

Utilisation Notice means (a) in the case of a Utilisation by means of a RC Advance, a notice in the form or substantially in the form of part A of schedule 2, (b) in the case of a Utilisation by means of a Bank Guarantee, a notice in the form or substantially in the form of part B of schedule 2, and (c) in the case of a Utilisation by means of a WC Advance a notice in the form or substantially in the form of part C of schedule 2;

Utilisation Notice means a notice given under clause 4.1 in the form set out in Part A of Schedule 2.

Utilisation Notice means a request by the Lessee to pay either (i) the Lessor’s Share to the Lessee together with any Upfront Payment received from the Lessee for Equipment previously acquired directly by the Lessee from the Seller, setting forth the amount of any Deposit LC or Cash Deposit, if applicable, and the Acquisition Cost of such Equipment in accordance with this Master Agreement; or (ii) the Acquisition Cost to be paid to the Seller with the proceeds of the Upfront Payment and the Lessor’s Share.

Utilisation Notice means any notice given by the Borrower pursuant to Clause 3.1 (Utilisation Notices) and substantially in the form of Schedule 3;

Utilisation Notice a notice of Utilisation substantially in the form set out in schedule 2 (Form of Utilisation Notice) to the Revolving Credit Agreement;

Utilisation Notice means a completed notice containing the information and representations and warranties set out in schedule 3 ("Utilisation Notice (clause 2)").

Utilisation Notice means a notice in substantially the form of Schedule 4 (Utilisation Notice) specifying the terms on which each Advance will be made by the Expenses Loan Provider to Loan Note Issuer No.1; and