Effect of payment of interest or redemption. The obligations of the Australian Borrower under Clause 1.2 (Undertakings and acknowledgment of debt) are discharged to the extent interest is paid on a Note and to the extent that the aggregate principal amount outstanding in respect of a Note is repaid in accordance with the Facilities Agreement.
Appears in 2 contracts
Samples: Multicurrency Term and Revolving Facilities and Subscription Agreement (BHP Billiton LTD), Facility and Subscription Agreement (BHP Billiton PLC)
Effect of payment of interest or redemption. The obligations of the Australian Borrower under Clause 1.2 (Undertakings and acknowledgment acknowledgments of debt) above are discharged to the extent interest is paid on a Note the Notes and to the extent that the aggregate principal amount outstanding in respect of a Note the Notes is repaid in accordance with the Facilities Agreement.
Appears in 2 contracts
Samples: Multicurrency Loan Facility and Subscription Agreement (Xstrata PLC), Loan Facility Agreement (Falconbridge LTD)
Effect of payment of interest or redemption. The obligations of the Australian Borrower under Clause 1.2 (Undertakings and acknowledgment acknowledgments of debt) are discharged to the extent interest is paid on a Note and to the extent that the aggregate principal amount outstanding in respect of a Note is repaid in accordance with the Facilities Facility Agreement.
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