Examples of Utilization Request in a sentence
The Lender shall notify the Borrower promptly upon receipt of such document proof and make available to the Borrower a Loan in accordance with such Utilization Request.
Upon receipt by the Lender (or the Borrower, as the case may be) of the documents and evidence under this Clause 4.1, the Lender shall make available to the Borrower the Tranche A Loan in accordance with the Utilization Request.
For (i) each subsequent Utilization after the Initial Utilization Date in respect of the Tranche A Facility and (ii) each Utilization of the Tranche B Facility Commitment, the Borrower may deliver a Utilization Request after the Lender has received the document proof listed in item 5 of Schedule 1 (Conditions Precedent) for that Utilization.
The proceeds of the Loans under the Facilities will be disbursed by the Lender directly to the Borrower’s account specified in the relevant Utilization Request.
The Borrowers may only request the issuance of FCIs if the Dollar Equivalent of such requested FCI, when aggregated with the Dollar Equivalent of all other outstanding FCIs and unreimbursed FCI Disbursements as of the time of receipt of the relevant Utilization Request, does not exceed the total FCI Issuing Commitments.