the Transaction Security being held on the terms set out in the Finance Documents. In addition, each such Lender shall deliver to the Agent and the Obligors Agent, following the end of each
calendar month, a summary of the amounts due or to become due in respect of such Banking Services Obligations and Swap Agreement Obligations to such Lender and its Affiliates. The most recent information provided to the Agent shall be used in
determining the amounts to be applied in respect of such Banking Services Obligations and/or Swap Agreement Obligations pursuant to Clause 36.6 (Partial payments).
||Each Borrower shall apply all amounts borrowed by it towards the working capital needs and the general corporate purposes of the Borrowers and their Subsidiaries. |
||No Borrower (or the Obligors Agent) will request any Utilisation, and no Borrower shall use, and each Borrower shall procure that its Subsidiaries, the other members of the Group and its and their respective
directors, officers, employees and agents shall not use, the proceeds of any Revolving Facility Loan or Swingline Loan: |
||in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any person in violation of any Anti-Corruption Laws; |
||for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any Sanctioned Country; or |
||in any manner that would result in the violation by any such person or entity or any party to this Agreement of any Sanctions. |
No Finance Party is bound to monitor or verify the application of any
amount borrowed pursuant to this Agreement.
||CONDITIONS OF UTILISATION |
||Initial conditions precedent |
||The Lenders will only be obliged to comply with Clause 5.4 (Lenders participation) in relation to any Utilisation if on or before the Utilisation Date for that Utilisation, the Agent has received all of the
documents and other evidence listed in Schedule 2, Part 1 (Conditions precedent to signing of the Agreement and initial Utilisation) in form and substance satisfactory to the Agent. The Agent shall notify the Obligors
Agent and the Lenders promptly upon being so satisfied. |