Common use of Consolidation of Term Advances Clause in Contracts

Consolidation of Term Advances. If two or more Interest Periods relating to the same Term Facility and to the same Borrower end at the same time, then, on the last day of those Interest Periods, the Term Advances to which they relate shall be consolidated into and treated as a single Term Advance.

Appears in 2 contracts

Samples: Agreement (Comple Tel LLC), Comple Tel Europe Nv

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Consolidation of Term Advances. If two or more Interest Periods relating to Term Advances denominated in the same Term Facility and to the same Borrower currency end at the same time, then, on the last day of those Interest Periods, the Term Advances to which they relate shall be consolidated into and treated as a single Term Advance.

Appears in 2 contracts

Samples: Participation Agreement (Getronics N V), Credit Agreement (Transworld Healthcare Inc)

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Consolidation of Term Advances. If two or more Interest Periods relating to Term Advances denominated in the same Term Facility currency and to borrowed by the same Borrower end at the same time, time then, on the last day of those Interest Periods, the Term Advances to which they relate shall be consolidated into and treated as a single Term Advance.

Appears in 1 contract

Samples: Cemex Sa De Cv

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