Common use of Consolidation and division of Term Loans Clause in Contracts

Consolidation and division of Term Loans. (a) Subject to paragraph (b) below, if two or more Interest Periods: (i) relate to Term Loans in the same currency to the same Borrower; and (ii) end on the same date, those Term Loans will, unless the Company on behalf of the relevant Borrower specifies to the contrary in the Selection Notice for the next Interest Period, be consolidated into, and treated as, a single Term Loan on the last day of the Interest Period. LD857960/50 (b) Subject to Clause 4.3 (Maximum number of Utilisations) and Clause 5.3 (Currency and amount), if the Company on behalf of the relevant Borrower requests in a Selection Notice that a Term Loan be divided into two or more Term Loans, that Term 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 Term Loan immediately before its division.

Appears in 2 contracts

Samples: Multicurrency Term and Revolving Facilities Agreement (Xstrata PLC), Multicurrency Term and Revolving Facilities Agreement (Xstrata PLC)

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Consolidation and division of Term Loans. (a) Subject to paragraph (b) belowbelow and to the extent applicable, if two or more Interest Periods: (i) relate to Term Loans in made to the Borrower under the same currency to the same BorrowerFacility; and (ii) end on the same date, those Term Loans will, unless the Company on behalf of the relevant Borrower specifies to the contrary in the Selection Notice for the next Interest Period, be consolidated into, and treated as, a single Term Loan on the last day of the Interest Period. LD857960/50. (b) Subject to Clause 4.3 (Maximum number of UtilisationsLoans) and Clause 5.3 (Currency and amount), if the Company on behalf of the relevant Borrower requests in a Selection Notice that a Term Facility A Loan a Facility C Loan, or a Facility D Loan be divided into two or more Term Facility A Loans, Facility C Loans or Facility D Loans, that Term 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 that Term Loan immediately before its division.

Appears in 2 contracts

Samples: Facility Agreement (Las Vegas Sands Corp), Third Amendment and Restatement Agreement (Las Vegas Sands Corp)

Consolidation and division of Term Loans. (a) Subject to paragraph (b) below, if two or more Interest Periods: (i) relate to Term Loans in the same currency to the same Borrower; and (ii) end on the same date, those Term Loans will, unless the Company on behalf of the relevant Borrower specifies to the contrary in the Selection Notice for the next Interest Period, be consolidated into, and treated as, a single Term Loan on the last day of the Interest Period. LD857960/50LD943539/9 (b) Subject to Clause 4.3 (Maximum number of Utilisations) and Clause 5.3 (Currency and amount), if the Company on behalf of the relevant Borrower requests in a Selection Notice that a Term Loan be divided into two or more Term Loans, that Term 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 Term Loan immediately before its division.

Appears in 2 contracts

Samples: Multicurrency Term and Revolving Facilities Agreement (Xstrata PLC), Multicurrency Term and Revolving Facilities Agreement (Xstrata PLC)

Consolidation and division of Term Loans. (a) Subject to paragraph (b) below, if two or more Interest Periods: (i) relate to the same Term Loans made to the same Borrower and in the same currency to the same Borrowercurrency; and (ii) end on the same date, those Term Loans will, unless that Borrower (or the Company on behalf of the relevant Borrower its behalf) specifies to the contrary in the Selection Notice for the next Interest Period, be consolidated into, and treated as, a single Term Loan on the last day of the Interest Period. LD857960/50. (b) Subject to Clause 4.3 4.4 (Maximum number of UtilisationsLoans) and Clause 5.3 (Currency and amount), if a Borrower (or the Company on behalf of the relevant Borrower its behalf) requests in a Selection Notice that a Term Loan be divided into two or more Term Loans, that Term 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 Term Loan immediately before its division.

Appears in 2 contracts

Samples: Facilities Agreement (HeidelbergCement AG), Facilities Agreement (HeidelbergCement AG)

Consolidation and division of Term Loans. (a) Subject to paragraph (b) below, if two or more Interest Periods: (i) relate to Term Loans in the same currency made to the same Borrower; and (ii) end on the same date, those Term Loans will, unless that Borrower (or the Company Parent on behalf of the relevant Borrower its behalf) specifies to the contrary in the Selection Notice for the next Interest Period, be consolidated into, and treated as, a single Term Facility A Loan or Facility B Loan, as applicable, on the last day of the Interest Period. LD857960/50. (b) Subject to Clause 4.3 4.4 (Maximum number of Utilisations) and Clause 5.3 (Currency and amount), if a Borrower (or the Company Parent on behalf of the relevant Borrower its behalf) requests in a Selection Notice that a Term Facility A Loan or Facility B Loan be divided into two or more Term Facility A Loans or Facility B Loans, as applicable, that Term 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 Term Loan immediately before its division.

Appears in 1 contract

Samples: Facility Agreement (Rockwood Holdings, Inc.)

Consolidation and division of Term Loans. (a) Subject to paragraph (b) below, if two or more Interest Periods: (i) relate to Term Loans in made under the same currency to Facility (and under the same Borrower; andTranche); (ii) end on the same date; and (iii) are made to the same Borrower, those Term Loans will, unless that Borrower (or the Company on behalf of the relevant Borrower its behalf) specifies to the contrary in the Selection Notice for the next Interest Period, be consolidated into, and treated as, a single Term Loan on the last day of the Interest Period. LD857960/50. (b) Subject to Clause 4.3 4.4 (Maximum number of Utilisations) Loans), and Clause 5.3 (Currency and amount), ) if a Borrower (or the Company on behalf of the relevant Borrower its behalf) requests in a Selection Notice that a Term Loan be divided into two or more Term Loans, that Term Loan will, on the last day of its Interest Period, be so divided with Base Currency Amounts euro amounts or dollar amounts (as applicable) specified in that Selection Notice, being having an aggregate Base Currency Amount euro amount or dollar amount (as applicable) equal to the Base Currency Amount euro amount or dollar amount (as applicable) of the Term Loan immediately before its division.

Appears in 1 contract

Samples: Multicurrency Facilities Agreement (Pernod Ricard S a /Fi)

Consolidation and division of Term Loans. (a) Subject to paragraph (b) below, below and in relation to each Term Facility if two or more Interest Periods: (i) relate to Term Loans in the same currency to the same Borrowercurrency; and (ii) end on the same date, ; and (iii) are made to the same Borrower those Term Loans will, unless that Borrower (or the Company on behalf of the relevant Borrower its behalf) specifies to the contrary in the Selection Notice for the next Interest Period, be consolidated into, and treated as, a single Term Loan on the last day of the Interest Period. LD857960/50. (b) Subject to Clause 4.3 4.4 (Maximum number of UtilisationsMAXIMUM NUMBER OF LOANS) and Clause 5.3 (Currency and amountCURRENCY AND AMOUNT), if a Borrower (or the Company on behalf of the relevant Borrower its behalf) requests in a Selection Notice that a Term Loan be divided into two or more Term Loans, that Term 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 Term Loan immediately before its division.

Appears in 1 contract

Samples: Secured Facilities Agreement (Grohe Holding GMBH)

Consolidation and division of Term Loans. (a) Subject to paragraph (b) below, if two or more Interest Periods: (i) relate to Term Loans made under the same Facility in the same currency to the same Borrower; andcurrency; (ii) end on the same date; and (iii) are made to the same Borrower, those Term Loans will, unless that Borrower (or the Company on behalf of the relevant Borrower its behalf) specifies to the contrary in the Selection Notice for the next Interest Period, be consolidated into, and treated as, a single Term Loan on the last day of the Interest Period. LD857960/50. (b) Subject to Clause 4.3 4.4 (Maximum number of Utilisations) ), and Clause 5.3 (Currency and amount), ) if the Relevant Borrower (or the Company on behalf of the relevant Borrower its behalf) requests in a Selection Notice that a Term Loan be divided into two or more Term Loans, that Term Loan will, on the last day of its Interest Period, be so divided with Base Currency Amounts specified in that Selection Notice, being having an aggregate Base Currency Amount equal to the Base Currency Amount of the Term Loan immediately before its division.

Appears in 1 contract

Samples: Senior Facilities Agreement (Anheuser-Busch InBev S.A.)

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Consolidation and division of Term Loans. (a) Subject to paragraph (b) below, if two or more Interest Periods: (i) relate to Term Loans in the same currency to the same Borrower; andcurrency; (ii) end on the same date; and (iii) are made to the same Borrower, those Term Loans will, unless that Borrower (or the Company Original Borrower on behalf of the relevant Borrower its behalf) specifies to the contrary in the Selection Notice for the next Interest Period, be consolidated into, and treated as, a single Term Loan on the last day of the Interest Period. LD857960/50. (b) Subject to Clause 4.3 4.4 (Maximum number of UtilisationsLoans) and Clause 5.3 (Currency and amount), if a Borrower (or the Company Original Borrower on behalf of the relevant Borrower its behalf) requests in a Selection Notice that a Term Loan be divided into two or more Term Loans, that Term 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 Term Loan immediately before its division.

Appears in 1 contract

Samples: Facility Agreement (Six Continents PLC)

Consolidation and division of Term Loans. (a) Subject to paragraph (b) below, if two or more Interest Periods: (i) relate to Term Loans in made under the same currency to the same Borrower; andFacility; (ii) end on the same date; and (iii) are made to the same Borrower, those Term Loans will, unless that Borrower (or the Company on behalf of the relevant Borrower its behalf) specifies to the contrary in the Selection Notice for the next Interest Period, be consolidated into, and treated as, a single Term Loan on the last day of the Interest Period. LD857960/50. (b) Subject to Clause 4.3 4.4 (Maximum number of Utilisations) ), and Clause 5.3 (Currency and amount), ) if a Borrower (or the Company on behalf of the relevant Borrower its behalf) requests in a Selection Notice that a Term Loan be divided into two or more Term Loans, that Term Loan will, on the last day of its Interest Period, be so divided with Base Currency Amounts specified in that Selection Notice, being having an aggregate Base Currency Amount equal to the Base Currency Amount of the Term Loan immediately before its division.

Appears in 1 contract

Samples: Senior Facilities Agreement (NDS Group PLC)

Consolidation and division of Term Loans. (a) Subject to paragraph (b) below, if two or more Interest Periods: (i) relate to Term Loans from the same Term Facility in the same currency to the same Borrowercurrency; and (ii) end on the same date, those Term Loans will, unless the Senior Borrower (or the Company on behalf of the relevant Borrower its behalf) specifies to the contrary in the Selection Notice for the next Interest Period, be consolidated into, and treated as, a single Term Loan of the relevant Term Facility on the last day of the relevant Interest Period. LD857960/50. (b) Subject to Clause 4.3 4.4 (Maximum number of Utilisations) and Clause 5.3 (Currency and amount), ) if the Senior Borrower (or the Company on behalf of the relevant Borrower its behalf) requests in a Selection Notice that a Term Loan of a Facility be divided into two or more Term LoansLoans of such Facility, that Term Loan will, on the last day of its Interest Period, be so divided with Base Currency Amounts specified in that Selection Notice, being having an aggregate Base Currency Amount equal to the Base Currency Amount of the Term Loan immediately before its division.

Appears in 1 contract

Samples: Senior Facilities Agreement (Central European Distribution Corp)

Consolidation and division of Term Loans. (a) Subject to paragraph (b) below, if two or more Interest Periods: (i) relate to Term Facility A1 Loans in or, as the same currency to the same Borrower; andcase may be, Facility A2 Loans; (ii) end on the same date; and (iii) are made to the same Borrower, those Term Facility A1 Loans or, as the case may be, Facility A2 Loans will, unless that Borrower (or the Company Obligors’ Agent on behalf of the relevant Borrower its behalf) specifies to the contrary in the Selection Notice for the next Interest Period, be consolidated into, and treated as, a single Term Facility A1 Loan or, as the case may be, Facility A2 Loan on the last day of the Interest Period. LD857960/50. (b) Subject to Clause 4.3 4.4 (Maximum number of Utilisations) and Clause 5.3 (Currency and amount), if a Borrower (or the Company Obligors’ Agent on behalf of the relevant Borrower its behalf) requests in a Selection Notice that a Term Loan be divided into two or more Term Loans, that Term 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 amount of the Term Loan immediately before its division.

Appears in 1 contract

Samples: Facility Agreement (Yell Finance Bv)

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