Consolidation of Advances. If two or more Interest Periods end at the same time, then, on the last day of those Interest Periods, the Advances to which they relate shall be consolidated into and treated as a single Advance.
Consolidation of Advances. Any advances made after the date of origination of the Loan but prior to the applicable Cut-off Date have been consolidated with the outstanding principal amount secured by the related mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term reflected on the List of Loans. The consolidated principal amount does not exceed the original principal amount of the Loan. The Loan does not obligate the Servicer to make future advances to the Obligor at the option of the Obligor.
Consolidation of Advances. In addition and without prejudice to any other provision of this Agreement, with effect from the Charterparty Commencement Date all Advances drawn under the Facilities and then comprising the Loan shall be consolidated and treated as a single amount for all purposes of this Agreement.
Consolidation of Advances. Except for Existing Advances, any future advances made to the Mortgagor prior to (and excluding) the Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term reflected on the related Mortgage Loan Schedule. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan. The Mortgage Note does not permit or obligate the Servicer to make future advances to the Mortgagor at the option of the Mortgagor.
Consolidation of Advances. (a) If two or more Interest Periods:
(i) relate to Advances made under the same Tranche; and
(ii) end on the same date, those Advances will be consolidated into, and treated as, a single Advance made on the last day of the Interest Period.
(b) Any Advance made during an Interest Period for a previous Advance (an “Existing Interest Period”) will, subject to Clauses 10.3(c) and (d), have an initial Interest Period ending on the last day of such Existing Interest Period.
(c) The Facility Agent shall be entitled to shorten any Interest Period for any Advance to ensure that the aggregate principal amount of Advances with an Interest Period ending on a Repayment Date is not less than the amount of principal due to be repaid on that Repayment Date.
(d) If Clause 10.3(b) would result in an Advance having an Interest Period of less than one (1) Month, then the initial Interest Period for such Advance will be such period as the Facility Agent and the Borrower may agree.
Consolidation of Advances. If the Interest Periods for more than one Advance made to the Borrower under any ADB Tranche end on the same date, those Advances will be consolidated into, and treated as, a single Advance under that ADB Tranche on the last day of the Interest Period.
Consolidation of Advances. The Commonwealth Treasurer and the State Treasurer may at any time arrange for any amounts advanced to the State by the Commonwealth under this agreement and not repaid by the State to be consolidated and repayment of, and payment of interest on, those amounts shall thereafter be made by the State to the Commonwealth in accordance with the arrangement in lieu of the dates ascertained in accordance with clauses 6 and 7 of this agreement.
Consolidation of Advances. On each Drawdown Date, the Advance made on that date will be consolidated and treated as a single Advance with each other Advance.
Consolidation of Advances. If two or more Interest Periods relating to Advances made under the same Facility end at the same time, then, on the last day of those Interest Periods, those Advances will, unless (in relation to an Advance made under a Floating Rate Facility) the Borrower specifies the contrary in the Selection Notice for the next Interest Period, be treated as a single Advance.
Consolidation of Advances. The Agent may, at its discretion, direct that at the end of the Availability Period, any two or more Advances from the same tranche be consolidated into a single Advance so that at no time after the Availability Period shall there be more than three (3) Advances from the same tranche outstanding at any one time.
