Common use of Consolidation and division of Loans Clause in Contracts

Consolidation and division of Loans. (a) Subject to paragraph (b) below, if 2 or more Interest Periods end on the same date, those Loans will, unless the Borrower specifies to the contrary in the Selection Notice for the next Interest Period, be consolidated into, and treated as, a single Loan on the last day of that Interest Period. (b) Subject to Clause 4.4 (Maximum number of Loans) and Clause 5.3 (Currency and amount), if the Borrower requests in a Selection Notice that a Loan be divided into 2 or more Loans, that Loan will, on the last day of its Interest Period, be so divided into the amounts specified in that Selection Notice, being an aggregate amount equal to the amount of the Loan immediately before its division.

Consolidation and division of Loans. (a) Subject to paragraph (b) below, if 2 two or more Interest Periods Periods: (i) relate to Loans; and (ii) end on the same date, those Loans will, unless the Borrower specifies to the contrary in the Selection Notice its notification for the next Interest Period, be consolidated into, and treated as, a single Loan on the last day of that Interest Period. (b) Subject to Clause 4.4 (Maximum number of Loans4.2(c) and Clause 5.3 (Currency and amount), if the Borrower requests in a Selection Notice its notification for the next Interest Period that a Loan be divided into 2 two or more Loans, that Loan will, on the last day of its Interest Period, be so divided into the amounts so specified in that Selection Notice, (being an aggregate amount equal to the amount of the Loan immediately before its division) and each amount shall constitute a separate Loan and shall have separate Interest Periods.

Consolidation and division of Loans. (a) Subject to paragraph (b) below, if 2 the Interest Periods of two or more Interest Periods Loans under the same Facility end on the same date, those Loans will, unless the Borrower specifies to the contrary in the Selection Notice for the next Interest Period, be consolidated into, and treated as, a single Loan on the last day of that the Interest Period. (b) Subject to Clause 4.4 (Maximum number of Loans) and Clause 5.3 (Currency and amount), if the Borrower requests in a Selection Notice that a Loan be divided into 2 two or more Loans, that Loan will, on the last day of its Interest Period, be so divided into the amounts specified in that Selection Notice, being an aggregate amount equal to the amount of the Loan immediately before its division.

Consolidation and division of Loans. (a) Subject to paragraph (b) below, if 2 two or more Interest Periods relate to Loans which end on the same date, those Loans will, unless the Borrower specifies to the contrary in the Selection Notice for the next Interest Period, be consolidated into, and treated as, a single Loan on the last day of that the Interest Period. (b) . Subject to Clause 4.4 (Maximum number of Loans) and Clause 5.3 (Currency and amountAmount), if the Borrower requests in a Selection Notice that a Loan be divided into 2 two or more Loans, that Loan will, on the last day of its Interest Period, be so divided into the amounts specified in that Selection Notice, being an aggregate amount equal to the amount of the Loan immediately before its division.

Consolidation and division of Loans. (a) Subject to paragraph (b) below, if 2 two or more Interest Periods end on the same date, those Loans will, unless the Borrower specifies to the contrary in the Selection Notice for the next Interest Period, be consolidated into, and treated as, a single Loan on the last day of that the Interest Period. (b) Subject to Clause 4.4 4.3 (Maximum number of Loans) and Clause 5.3 (Currency and amount), if the Borrower requests in a Selection Notice that a Loan be divided into 2 two or more Loans, that Loan will, on the last day of its Interest Period, be so divided into the amounts specified in that Selection Notice, being an aggregate amount equal to the amount of the Loan immediately before its division.

Consolidation and division of Loans. (a) Subject to paragraph (b) belowclause 9.3(b), if 2 two or more Interest Periods end on the same date, those Loans will, unless the Borrower Company specifies to the contrary in the Selection Notice for the next Interest Period, be consolidated into, and treated as, a single Loan on the last day of that the Interest Period. (b) Subject to Clause 4.4 clause 4.2 (Maximum number of Loans) and Clause clause 5.3 (Currency and amount), if the Borrower Company requests in a Selection Notice that a Loan be divided into 2 two or more Loans, that Loan will, on the last day of its Interest Period, be so divided into the amounts specified in that Selection Notice, being an aggregate amount equal to the amount of the Loan immediately before its division.