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

Consolidation and division of Term Loans. (a) Subject to paragraph (b) below and to the extent applicable, if two or more Interest Periods: (i) relate to Term Loans made to the Borrower under the same Facility; and (ii) end on the same date, those Term 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 Term Loan on the last day of the Interest Period. (b) Subject to Clause 4.3 (Maximum number of Loans) and Clause 5.3 (Currency and amount), if the Borrower requests in a Selection Notice that a Facility A Loan or a Facility C Loan be divided into two or more Facility A Loans or Facility C Loans, that Term 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 that Term Loan immediately before its division.

Consolidation and division of Term Loans. (a) Subject to paragraph (b) below and to the extent applicablebelow, if two or more Interest Periods: (i) relate to Term Facility Loans and are made to the Borrower under the same FacilityBorrower; and (ii) end on the same date, those Term Loans will, unless the Company or the 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. (b) Subject to Clause 4.3 (Maximum number of Loans) Utilisations), and Clause 5.3 (Currency and amount), ) if a Borrower (or the Borrower Company on its behalf) requests in a Selection Notice that a Facility A Loan or a Facility C Term Loan be divided into two or more Facility A Loans or Facility C Term Loans, that Term Loan will, on the last day of its Interest Period, be so divided into the with amounts specified in that Selection Notice, being having an aggregate amount equal to the amount of that the Term Facility Loan immediately before its division.

Consolidation and division of Term Loans. (a) Subject to paragraph (b) below and to the extent applicablebelow, if two or more Interest Periods: (i) relate to Term Loans and are made to the Borrower under the same FacilityBorrower; and (ii) end on the same date, those Term Loans will, unless the Company or the 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. (b) Subject to Clause 4.3 (Maximum number of Loans) Utilisations), and Clause 5.3 (Currency and amount), ) if a Borrower (or the Borrower Company on its behalf) requests in a Selection Notice that a Facility A Loan or a Facility C Term Loan be divided into two or more Facility A Loans or Facility C Term Loans, that Term Loan will, on the last day of its Interest Period, be so divided into the with amounts specified in that Selection Notice, being having an aggregate amount equal to the amount of that the Term Loan immediately before its division.

Consolidation and division of Term Loans. (a) Subject to paragraph (b) below and to the extent applicablebelow, if two or more Interest PeriodsPeriods relate to Term Loans: (i) relate to Term Loans made to the Borrower under in the same Facilitycurrency; (ii) of the same period; and (iiiii) end ending on the same date, those Term Loans will, unless the Borrower Company specifies to the contrary in the Selection Notice for the next Interest Period, be consolidated into, and be treated as, a single Term Loan on the last day of the Interest Period. (b) Subject to Clause 4.3 4.5 (Maximum number of Loans) ), and Clause 5.3 (Currency and amount), ) if the Borrower Company requests in a Selection Notice that a Facility A Loan or a Facility C Term Loan be divided into two or more Facility A Loans or Facility C Term Loans, that Term Loan will, on the last day of its Interest Period, be so divided into the amounts Base Currency Amounts specified in that Selection Notice, being an aggregate amount Base Currency Amount equal to the amount Base Currency Amount of that the Term Loan immediately before its division.