Common use of Consolidation Loans Clause in Contracts

Consolidation Loans. A Term for a Loan will end on the same day as the current Term for any other Loan. On the last day of those Terms, those Loans will be consolidated and treated as one Loan.

Appears in 8 contracts

Samples: Agreement (Ocean Rig UDW Inc.), Agreement (Ocean Rig UDW Inc.), Agreement (Ocean Rig UDW Inc.)

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Consolidation Loans. A Unless otherwise requested by the Company in respect of a particular Loan, a Term for a Loan will end on the same day as the current Term for any other LoanLoan borrowed under the same Facility the Term of which also ends on such day. On the last day of those Terms, those Loans unless otherwise requested will be consolidated and treated as one Loan.

Appears in 3 contracts

Samples: Bridge Facilities Agreement (Bayer Aktiengesellschaft), Syndicated Facilities Agreement (Bayer Aktiengesellschaft), Agreement (Bayer Aktiengesellschaft)

Consolidation Loans. A Unless otherwise requested by the Company in respect of a particular Loan, a Term for a Loan will end on the same day as the current Term for any other LoanLoan borrowed under the Facility the Term of which also ends on such day. On the last day of those Terms, those Loans unless otherwise requested will be consolidated and treated as one Loan.

Appears in 1 contract

Samples: Agreement (Bayer Aktiengesellschaft)

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Consolidation Loans. A Term for a Loan will end on the same day as the current Term for any other LoanLoan made under the same Facility. On the last day of those Terms, those Loans will be consolidated and treated as one Loan.

Appears in 1 contract

Samples: Facilities Agreement (Mechel OAO)

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