Common use of Australian Term Loans Clause in Contracts

Australian Term Loans. The Australian Borrower shall have the right at any time to prepay the Australian Term Loans on or before the Maturity Date of the Australian Term Loans, as a whole, or in part, upon not less than five (5) Business Days prior written notice to the Administrative Agent (with a copy to Bank of America-Australia Branch), without premium or penalty, provided that subject to compliance with §6.9, (a) each partial prepayment shall be in an integral multiple of AUD500,000, (b) any full or partial portion of the Australian Term Loans bearing interest at the Applicable Offered Rate may be prepaid pursuant to this §4.3.7 on a day other than the last day of the Interest Period relating thereto, and (c) each partial prepayment shall be allocated among the Australian Lenders in accordance with such Lender’s Commitment Percentage. Any prepayment of principal of the Australian Term Loans shall include all interest accrued to the date of prepayment and shall be applied as directed by GWI. No amount repaid with respect to the Australian Term Loans may be reborrowed.

Australian Term Loans. The Australian Borrower shall have the right at any time to prepay the Australian Term Loans on or before the Maturity Date of the Australian Term Loans, as a whole, or in part, upon not less than five (5) Business Days prior written notice (in a form reasonably acceptable to the Administrative Agent) to the Administrative Agent (with a copy to Bank of America-Australia Branch), without premium or penalty, provided that subject to compliance with §6.9, (a) each partial prepayment shall be in an integral multiple of AUD500,000, (b) any full or partial portion of the Australian Term Loans bearing interest at the Applicable Offered Rate may be prepaid pursuant to this §4.3.7 on a day other than the last day of the Interest Period relating thereto, and (c) each partial prepayment shall be allocated among the Australian Lenders in accordance with such Lender’s Commitment Percentage. Any prepayment of principal of the Australian Term Loans shall include all interest accrued to the date of prepayment and shall be applied as directed by GWI. No amount repaid with respect to the Australian Term Loans may be reborrowed.