Common use of Consolidation of Loans Clause in Contracts

Consolidation of Loans. If two or more Interest Periods: (i) end on the same date; and (ii) relate to Loans, those Loans will be consolidated into, and treated as, a single Loan on the last day of the Interest Period.

Consolidation of Loans. If two or more Interest Periods: (i) relate to Loans made under the same Facility and in the same currency; (ii) end on the same date; and (iiiii) relate are made to Loansthe same Borrower, those Loans will be consolidated into, and treated as, a single Loan on the last day of the Interest Period.