Common use of Consolidation and division of Facility A Loans Clause in Contracts

Consolidation and division of Facility A Loans. (a) Subject to paragraph (b) below, if two or more Interest Periods: (i) relate to Facility A Loans made to the same Borrower; and (ii) end on the same date, those Facility A Loans will, unless that Borrower (or the Company on its behalf) specifies to the contrary in the Selection Notice for the next Interest Period, be consolidated into, and treated as, a single Facility A Loan on the last day of the Interest Period. (b) Subject to Clause 4.4 (Maximum number of Loans) and Clause 5.3 (Currency and amount), if a Borrower (or the Company on its behalf) requests in a Selection Notice that a Facility A Loan be divided into two or more Facility A Loans that Facility A Loan will, on the last day of its Interest Period, be so divided with Base Currency Amounts specified in that Selection Notice, being an aggregate Base Currency Amount equal to the Base Currency Amount of the Facility A Loan immediately before its division.

Appears in 4 contracts

Samples: Facility Agreement (Marine Harvest ASA), Facility Agreement (Marine Harvest ASA), Facility Agreement (Marine Harvest ASA)

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Consolidation and division of Facility A Loans. (a) Subject to paragraph (b) below, if two or more Interest Periods: (i) relate to Facility A Loans made to in the same Borrowercurrency; and (ii) end on the same date, ; and (iii) are made to the same Borrower those Facility A Loans will, unless that Borrower (or the Company Obligors’ Agent on its behalf) specifies to the contrary in the Selection Notice for the next Interest Period, be consolidated into, and treated as, a single Facility A Loan on the last day of the Interest Period. (b) Subject to Clause 4.4 (Maximum number of LoansLoans and Optional Currencies) and Clause 5.3 (Currency and amount), if a Borrower (or the Company Obligors’ Agent on its behalf) requests in a Selection Notice that a Facility A Loan be divided into two or more Facility A Loans Loans, that Facility A Loan will, on the last day of its Interest Period, be so divided with Base Currency Amounts specified in that Selection Notice, being an aggregate Base Currency Amount equal to the Base Currency Amount of the Facility A Loan immediately before its division.

Appears in 2 contracts

Samples: Facilities Agreement (Octel Corp), Amendment and Restatement Agreement (Octel Corp)

Consolidation and division of Facility A Loans. (a) Subject to paragraph (b) below, if two or more Interest Periods: (i) relate to Facility A Loans made to in the same Borrower; andcurrency; (ii) end on the same date; and (iii) are made to the same Borrower, those Facility A Loans will, unless that Borrower (or the Company on its behalf) specifies to the contrary in the Selection Notice for the next Interest Period, be consolidated into, and treated as, a single Facility A Loan on the last day of the Interest Period. (b) Subject to Clause 4.4 (Maximum number of LoansUtilisations) and Clause 5.3 (Currency and amount), if a Borrower (or the Company on its behalf) requests in a Selection Notice that a Facility A Loan be divided into two or more Facility A Loans Loans, that Facility A Loan will, on the last day of its Interest Period, be so divided with Base Currency Amounts specified in that Selection Notice, being an aggregate Base Currency Amount equal to the Base Currency Amount of the Facility A Loan immediately before its division.

Appears in 2 contracts

Samples: Facility Agreement (Rockwood Specialties Group Inc), Amendment and Restatement Agreement (Rockwood Holdings, Inc.)

Consolidation and division of Facility A Loans. (a) Subject to paragraph (b) below, if two or more Interest Periods: (i) relate to Facility A Loans made to in the same Borrower; andcurrency; (ii) end on the same date; and (iii) are made to the same Borrower, those Facility A Loans will, unless that Borrower (or the Company on its behalf) specifies to the contrary in the Selection Notice for the next Interest Period, be consolidated into, and treated as, a single Facility A Loan on the last day of the Interest Period. (b) Subject to Clause 4.4 4.5 (Maximum number of Loans) and Clause 5.3 (Currency and amount), if a Borrower (or the Company on its behalf) requests in a Selection Notice that a Facility A Loan be divided into two or more Facility A Loans Loans, that Facility A Loan will, on the last day of its Interest Period, be so divided with Base Currency Amounts specified in that Selection Notice, being an aggregate Base Currency Amount equal to the Base Currency Amount of the Facility A Loan immediately before its division.

Appears in 1 contract

Samples: Facility Agreement (Allied Healthcare International Inc)

Consolidation and division of Facility A Loans. (a) Subject to paragraph (b) below, if two or more Interest Periods: (i) relate to Facility A Loans made to in the same Borrower; andcurrency; (ii) end on the same date; and (iii) are made to the same Borrower, those Facility A Loans will, unless that Borrower (or the Company on its behalf) specifies to the contrary in the Selection Notice for the next Interest Period, be consolidated into, and treated as, a single Facility A Loan on the last day of the Interest Period. (b) Subject to Clause 4.4 4.5 (Maximum number of Loans) and Clause 5.3 (Currency and amount), if a Borrower (or the Company on its behalf) requests in a Selection Notice that a Facility A Loan be divided into two or more Facility A Loans Loans, that Facility A Loan will, on the last day of its Interest Period, be so divided with Base Currency Amounts specified in that Selection Notice, being an aggregate Base Currency Amount equal to the Base Currency Amount of the Facility A Loan immediately before its division.. Back to Contents

Appears in 1 contract

Samples: Facility Agreement (Legrand Holding Sa)

Consolidation and division of Facility A Loans. (a) Subject to paragraph (b) below, if two or more Interest PeriodsPeriods relate to Facility A Loans: (i) relate to Facility A Loans made to in the same Borrowercurrency; (ii) of the same period; and (iiiii) end ending on the same date, those Facility A Loans will, unless that the Borrower (or the Company on its behalf) specifies to the contrary in the Selection Notice for the next Interest Period, be consolidated into, and be treated as, a single Facility A Loan on the last day of the Interest Period. (b) Subject to Clause 4.4 (Maximum number of Loans) ), and Clause 5.3 (Currency and amount), ) if a the Borrower (or the Company on its behalf) requests in a Selection Notice that a Facility A Loan be divided into two or more Facility A Loans Loans, that Facility A Loan will, on the last day of its Interest Period, be so divided with into the Base Currency Amounts specified in that Selection Notice, being an aggregate Base Currency Amount equal to the Base Currency Amount of the Facility A Loan immediately before its division.

Appears in 1 contract

Samples: Facilities Agreement (Cemex Sab De Cv)

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Consolidation and division of Facility A Loans. (a) Subject to paragraph (b) below, if two or more Interest Periods: (i) relate to Facility A Loans made to in the same Borrower; andcurrency; (ii) end on the same date; and (iii) are made to the same Borrower, those Facility A Loans will, unless that Borrower (or the Company on its behalf) specifies to the contrary in the Selection Notice for the next Interest Period, be consolidated into, and treated as, a single Facility A Loan on the last day of the Interest Period. (b) Subject to Clause 4.4 11.4 (Maximum number of LoansUtilisations) and Clause 5.3 12.3 (Currency and amount), if a Borrower (or the Company on its behalf) requests in a Selection Notice that a Facility A Loan be divided into two or more Facility A Loans Loans, that Facility A Loan will, on the last day of its Interest Period, be so divided with Base Currency Amounts specified in that Selection Notice, being an aggregate Base Currency Amount equal to the Base Currency Amount of the Facility A Loan immediately before its division.

Appears in 1 contract

Samples: Amendment and Restatement Agreement (Rockwood Holdings, Inc.)

Consolidation and division of Facility A Loans. (a) Subject to paragraph (b) below, if two or more Interest Periods: (i) relate to Facility A Loans made to in the same Borrowercurrency; and (ii) end on the same date; and (iii) are made to the same Borrower, those Facility A Loans will, unless that Borrower (or the Company Obligors’ Agent on its behalf) specifies to the contrary in the Selection Notice for the next Interest Period, be consolidated into, and treated as, a single Facility A Loan on the last day of the Interest Period. (b) Subject to Clause 4.4 (Maximum number of LoansLoans and Optional Currencies) and Clause 5.3 (Currency and amount), if a Borrower (or the Company Obligors’ Agent on its behalf) requests in a Selection Notice that a Facility A Loan be divided into two or more Facility A Loans Loans, that Facility A Loan will, on the last day of its Interest Period, be so divided with Base Currency Amounts specified in that Selection Notice, being an aggregate Base Currency Amount equal to the Base Currency Amount of the Facility A Loan immediately before its division.

Appears in 1 contract

Samples: Facilities Agreement (Innospec Inc.)

Consolidation and division of Facility A Loans. (a) Subject to paragraph (b) below, if two or more Interest Periods: (i) relate to Facility A Loans made to the same Borrower; and (ii) end on the same date, those Facility A Loans will, unless that Borrower (or the Company Parent on its behalf) specifies to the contrary in the Selection Notice for the next Interest Period, be consolidated into, and treated as, a single Facility A Loan on the last day of the Interest Period. (b) Subject to Clause 4.4 4.3 (Maximum number of Loans) and Clause 5.3 (Currency and amount), if a Borrower (or the Company Parent on its behalf) requests in a Selection Notice that a Facility A Loan be divided into two or more Facility A Loans Loans, that Facility A Loan will, on the last day of its Interest Period, be so divided with Base Currency Amounts into the amounts specified in that Selection Notice, being an aggregate Base Currency Amount amount equal to the Base Currency Amount amount of the Facility A Loan immediately before its division.

Appears in 1 contract

Samples: Credit Facilities Agreement (Gold Fields LTD)

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