Common use of Adjustment of Notional Amounts Clause in Contracts

Adjustment of Notional Amounts. If the aggregate amount of the Loan actually advanced by the Bank to the Borrower is less than the Notional Amount (or the aggregate Notional Amounts) of the Transactions entered into on or before the Drawdown Date, the obligations of the Borrower in respect of those Transactions shall, unless otherwise agreed by the Bank, be calculated, so far as the Bank considers it practicable to do so, by reference to a Notional Amount (or aggregate Notional Amounts) equal to the amount of the Loan actually advanced, reduced on each Repayment Date by the amount of the Repayment Instalment due on that Repayment Date, adjusted if necessary in accordance with Clause 7.1.

Adjustment of Notional Amounts. If the aggregate amount of the Loan actually advanced by the Bank Banks to the Borrower is less than the Notional Amount (or the aggregate Notional Amounts) of the Hedging Transactions entered into on or before the Drawdown Date, the obligations of the Borrower in respect of those Hedging Transactions shall, unless otherwise agreed by the BankAgent, be calculated, so far as the Bank Agent considers it practicable to do so, by reference to a Notional Amount (or aggregate Notional Amounts) equal to the amount of the Loan actually advanced, reduced on each Repayment Date by the amount of the Repayment Instalment due on that Repayment Date, adjusted if necessary in accordance with Clause 7.15.2.

Adjustment of Notional Amounts. If the aggregate amount of the Loan actually advanced by the Bank to the Borrower Borrowers is less than the Notional Amount (or the aggregate Notional Amounts) of the Hedging Transactions entered into on or before the Drawdown last Advance Date, the obligations of the Borrower Borrowers in respect of those Hedging Transactions shall, unless otherwise agreed by the Bank, be calculated, so far as the Bank considers it practicable to do so, by reference to a Notional Amount (or aggregate Notional Amounts) equal to the amount of the Loan actually advanced, reduced on each Repayment Date by the amount of the Repayment Instalment due on that Repayment Date, adjusted if necessary in accordance with Clause 7.16.2.