Common use of DIVISION OF ADVANCES Clause in Contracts

DIVISION OF ADVANCES. The Borrower may, by not less than five Business Days' prior notice to the Agent, direct that any Advance shall, at the beginning of any Interest Period relating thereto, be divided into (and thereafter, save as otherwise provided herein, treated in all respects as) two or more Advances in such amounts (in aggregate, equaling the amount of the Advance being so divided) as shall be specified by the Borrower in such notice, PROVIDED THAT the Borrower shall not be entitled to make such a direction if:

Appears in 3 contracts

Samples: Credit Agreement (NTL Delaware Inc), Credit Agreement (NTL Inc/De/), Credit Agreement (NTL Communications Corp)

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DIVISION OF ADVANCES. The Borrower may, by not less than five Business Days' prior notice to the Agent, direct that any Advance shall, at the beginning of any Interest Period relating thereto, be divided into (and thereafter, save as otherwise provided herein, treated in all respects as) two or more Advances in such amounts (in aggregate, equaling the amount of the Advance being so divided) as shall be specified by the Borrower in such notice, PROVIDED THAT provided that the Borrower shall not be entitled to make such a direction if:

Appears in 1 contract

Samples: Credit Agreement (NTL Inc)

DIVISION OF ADVANCES. The Borrower to which such Advance is made may, by not less than five four Business Days' prior notice to the Facility Agent, direct that any Advance shall, at the beginning of any Interest Period relating thereto, be divided into (and thereafter, save as otherwise provided herein, treated in all respects as) two or more Advances in having such amounts (in aggregate, equaling the amount of the Advance being so divided) as shall be specified by the such Borrower in such notice, PROVIDED THAT the such Borrower shall not be entitled to make such a direction if:

Appears in 1 contract

Samples: Agreement (Koninklijke Numico Nv)

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DIVISION OF ADVANCES. The Borrower may, by not less than five Business Days' prior notice to the Agent, direct that any Term Advance shall, at the beginning of any Interest Period relating thereto, be divided into (and thereafter, save as otherwise provided hereintherein, treated in all respects as) two or more Term Advances in having such amounts respective Original Dollar Amounts (in aggregate, equaling equalling the amount Dollar Amount of the Term Advance being so divided) as shall be specified by the Borrower in such notice, PROVIDED THAT the Borrower shall not be entitled to make such a direction if:

Appears in 1 contract

Samples: Axa

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