Common use of Consolidation and division of Loans Clause in Contracts

Consolidation and division of Loans. (a) Subject to paragraph (b) below, if two or more Interest Periods: (i) relate to Loans under the same Facility; and (ii) 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 Facility A Loan, Facility B Loan or Facility C Loan, as applicable, on the last day of the Interest Period. (b) Subject to Clause 4.3 (Maximum number of Utilisations) and Clause 5.3 (Currency and amount), if the Borrower requests in a Selection Notice that a Facility A Loan, Facility B Loan or a Facility C Loan be divided into two or more Facility A Loans, Facility B Loans or Facility C Loans, as applicable, that Loan will, on the last day of its Interest Period, be so divided with amounts specified in that Selection Notice, being an amount equal to the amount of the Loan immediately before its division.

Consolidation and division of Loans. (a) Subject to paragraph (b) below, if two or more Interest Periods: (i) relate to Loans under made to the same FacilityBorrower; and (ii) end on the same date, those Loans will, unless that Borrower (or the Borrower 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, Facility B Loan or Facility C Loan, as applicable, on the last day of the Interest Period.. Table of Contents (b) Subject to Clause 4.3 4.2 (Maximum number of UtilisationsLoans) and Clause 5.3 (Currency and amount), if a Borrower (or the Borrower Parent on its behalf) requests in a Selection Notice that a Facility A Loan, Facility B Loan or a Facility C Loan be divided into two or more Facility A Loans, Facility B Loans or Facility C Loans, as applicable, that Loan will, on the last day of its Interest Period, be so divided with 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 two or more Interest Periods: (i) relate to either Facility A Loans under the same Facilityor Facility B Loans; and (ii) end on the same date; those Facility A Loans or, those as the case may be, Facility B 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 Facility A LoanLoan or, as the case may be, Facility B Loan or Facility C Loan, as applicable, on the last day of the Interest Period. (b) Subject to Clause 4.3 (Maximum number of UtilisationsLoans) and Clause 5.3 (Currency and amountAmount), if the Borrower requests in a Selection Notice that a Facility A Loan, Facility B Loan or a Facility C Loan be divided into two or more Facility A Loans, Facility B Loans or Facility C Loans, as applicable, that Loan will, on the last day of its Interest Period, be so divided with 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 two or more Interest Periods: (i) relate to Loans made to the same Borrower under the same Facility; and (ii) end on the same date, those Loans will, unless that Borrower (or the Borrower 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 Loan under the relevant Facility A Loan, Facility B Loan or Facility C Loan, as applicable, on the last day of the Interest Period. (b) Subject to Clause 4.3 3.5 (Maximum number of Utilisations) ), and Clause 5.3 4.2 (Currency and amount), ) if a Borrower (or the Borrower Parent on its behalf) requests in a Selection Notice that a Facility A Loan, Facility B Loan or a Facility C Loan be divided into two or more Facility A Loans, Facility B Loans or Facility C Loans, as applicableunder the same Facility, that Loan will, on the last day of its Interest Period, be so divided with amounts Base Currency Amounts specified in that Selection Notice, being having an amount aggregate Base Currency Amount equal to the amount Base Currency Amount of the Loan immediately before its division.