Utilisation Period definition

Utilisation Period means each successive period of three months during the period from the date hereof and ending on the Final Repayment Date (except that if the last such period would otherwise extend beyond the Final Repayment Date, it shall be shortened so as to end on that date), the first of which shall commence on the date hereof;
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Utilisation Period means the period starting on the Effective Date and ending on the earlier of (a) the date on which the applicable Facility Amount is fully utilised or (b) the date falling thirty-three (33) months after the Effective Date, provided that Lessor shall use commercially reasonable efforts to extend the Utilisation Period if Lessee is not in Default hereunder and such extension is required for the delivery of delayed Equipment.
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Utilisation Period means a period starting on the date of this Agreement and ending one Business Day prior to the Repayment Date.
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Examples of Utilisation Period in a sentence

  • For the avoidance of doubt, the commitment fee payable on the Commitment Fee Payment Date in relation to that Utilisation Period shall be 0.125 per cent.

  • Each Utilisation Request must include the requested amount of the Facility and the Utilisation Date, which is a Business Day within the relevant Utilisation Period.

  • For the avoidance of doubt, if the Available EDB Amount for any Utilisation Period exceeds the aggregate principal amount of the advances made by EDB to the Borrower under the EDB Loan Agreement during that Utilisation Period, the Available EDB Amount for the next succeeding Utilisation Period will be increased by an amount equal to such excess in accordance with the provisions of sub-paragraph (b) above.

  • For the avoidance of doubt, if the Available Term Amount for any Utilisation Period exeeds the aggregate principal amount of the Advances made by the Lending Banks to the Borrower under this Agreement during that Utilisation Period, the Available Term Amount for the next succeeding Utilisation Period will be increased by an amount equal to such excess in accordance with the provisions of sub-paragraph (b) above.

  • The Facility Agent shall promptly after the end of each Utilisation Period, notify the Company and the Banks of the amounts payable by (or on behalf of) the Company under Clause 26.2 in respect of such Utilisation Period and the Company shall pay such amount to the Facility Agent for account of the Banks in proportion to their respective participation in the Facility during the applicable Utilisation Period within 5 Business Days of such notification.

  • During the Utilisation Period, drawdowns may be requested by New Alternative by delivering a utilisation request (in the form substantially agreed under the AHF/I Agreement) not later than 11:00 a.m. on the 20th Business Day before the proposed Utilisation Date.

  • The Facility Agent shall promptly after the end of each Utilisation Period, notify the Company and the Banks of the amounts payable by (or on behalf of) the Company under Clause 26.2 in respect of such 150 Utilisation Period and the Company shall pay such amount to the Facility Agent for account of the Banks in proportion to their respective participation in the Facility during the applicable Utilisation Period within 5 Business Days of such notification.


More Definitions of Utilisation Period

Utilisation Period means i) in respect of the Tranche D Facility only, the period starting on the Effective Date and ending on the earlier of (a) the date on which the Tranche D Facility is fully utilised or (b) December 31, 2015; and ii) in respect of all other Tranches, the period starting on the Effective Date and ending on the earlier of (a) the date on which the applicable Facility Amount is fully utilised or (b) the date falling thirty‑three (33) months after the Effective Date, provided that Lessor shall use commercially reasonable efforts to extend the Utilisation Period if Lessee is not in Default hereunder and such extension is required for the delivery of delayed Equipment.”
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Utilisation Period means, in respect of any cancellation of the Facility, the period commencing on (and including) the Facility Availability Date and ending on (but excluding) the relevant Cancellation Date.
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Related to Utilisation Period

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

  • Utilisation means a utilisation of a Facility.

  • Drawdown Period means, in relation to an Advance, the period commencing on the date of this Agreement and ending on the relevant Termination Date or the period ending on such earlier date (if any) on which (a) the aggregate amount of all Advances is equal to the Commitment or (b) the Commitment is reduced to zero pursuant to clauses 4.3, 10.2 or 12 or (c) Delivery of the Ship relevant to such Advance occurs;

  • Loan Period means with respect to any LIBOR Rate Loan, the period commencing on such LIBOR Rate Loan’s Funding Date, the date of the Conversion of any Base Rate Loan into such LIBOR Rate Loan or the date of the Continuation of such LIBOR Rate Loan for a new Loan Period and ending 1, 2, 3 or 6 months thereafter as selected by the Borrower pursuant to Section 2.2(a); provided, however, that:

  • Drawdown means any principal amount borrowed or to be borrowed (by any means) under the provisions hereof.