Common use of Advances Due on Demand Clause in Contracts

Advances Due on Demand. If, pursuant to Clause 24.19 (Acceleration and Cancellation), the Facility Agent declares all or any part of the Advances to be due and payable on demand of the Facility Agent, then, and at any time thereafter, the Facility Agent may (and, if so instructed by an Instructing Group, shall) by notice to the Borrowers: 24.20.1 require repayment of all or such part of the Advances on such date as it may specify in such notice (whereupon the same shall become due and payable on the date specified together with accrued interest thereon and any other sums then owed by the Borrowers hereunder) or withdraw its declaration with effect from such date as it may specify; and/or 22.20.2 select as the duration of any Interest Period or Term which begins whilst such declaration remains in effect a period of six months or less.

Advances Due on Demand. If, pursuant to Clause 24.19 (Acceleration and Cancellation), the Facility Agent declares all or any part of the Advances to be due and payable on demand of the Facility Agent, then, and at any time thereafter, the Facility Agent may (and, if so instructed by an Instructing Group, shall) by notice to the Borrowers: 24.20.1 require repayment of all or such part of the Advances on such date as it may specify in such notice (whereupon the same shall become due and payable on the date specified together with accrued interest thereon and any other sums then owed by the Borrowers hereunderunder the Finance Documents) or withdraw its declaration with effect from such date as it may specify; and/or 22.20.2 24.20.2 select as the duration of any Interest Period or Term which begins whilst such declaration remains in effect a period of six months or less.

Advances Due on Demand. If, pursuant to Clause 24.19 19.23 (Acceleration and Cancellation), the Facility Agent declares all or any part of the Advances to be due and payable on demand of the Facility Agent, then, and at any time thereafter, the Facility Agent may (and, if so instructed by an the Instructing Group, shall) by notice to the BorrowersBorrower: 24.20.1 19.24.1 require repayment of all or such part of the Advances on such date as it may specify in such notice (whereupon the same shall become due and payable on the date specified together with accrued interest thereon and any other sums then owed by the Borrowers hereunderBorrower under the Finance Documents) or withdraw its declaration with effect from such date as it may specify; and/or 22.20.2 19.24.2 select as the duration of any Interest Period or Term which begins whilst such declaration remains in effect a period of six months or less.