Common use of Prepositioning of funds Clause in Contracts

Prepositioning of funds. If, in respect of the Utilisation of any Advance, the Lenders, at the request of the Borrowers and on terms acceptable to all the Lenders and in their absolute discretion, preposition funds with any bank, each Borrower and each Guarantor: (a) agree to pay interest on the amount of the funds so prepositioned at the rate described in Clause 8.1 (Calculation of interest) on the basis of successive interest periods of one day and so that interest shall be paid together with the first payment of interest on such Advance after the Utilisation Date in respect of it or, if such Utilisation Date does not occur, within three Business Days of demand by the Facility Agent; and (b) shall, without duplication, indemnify each Finance Party against any costs, loss or liability it may occur in connection with such arrangement.

Prepositioning of funds. IfIf required, in respect of the Utilisation of any Advanceproposed Tranche, the Lenders, at the request of the Borrowers and on terms acceptable to all the Lenders and in their absolute discretion, preposition funds with any bankthe Existing Agent, each Borrower and each the Guarantor: (a) agree to pay interest on the amount of the funds so prepositioned at the rate described in Clause 8.1 (Calculation of interest) on the basis of successive interest periods of one day and so that interest shall be paid together with the first payment of interest on such Advance Tranche after the Utilisation Date in respect of it or, if such Utilisation Date does not occur, within three Business Days of demand by the Facility Agent; and (b) shall, without duplication, indemnify each Finance Party against any costs, loss or liability it may occur incur in connection with such arrangement.

Prepositioning of funds. If, in respect of the Utilisation of any Advance, the Lenders, at the request of the Borrowers and on terms acceptable to all the Lenders and in their absolute discretion, preposition funds with any bank, each Borrower and each Guarantor: (a) agree to pay interest on the amount of the funds so prepositioned at the rate described in Clause 8.1 9.1 (Calculation of interest) on the basis of successive interest periods of one day and so that interest shall be paid together with the first payment of interest on such Advance after the Utilisation Date in respect of it or, if such Utilisation Date does not occur, within three Business Days of demand by the Facility Agent; and (b) shall, without duplication, indemnify each Finance Party against any costs, loss or liability it may occur in connection with such arrangement.

Prepositioning of funds. If, in respect of the Utilisation of any Advanceproposed Advance under a Facility, the LendersFacility Agent, at the request of the Borrowers Borrower and on terms acceptable to all the Lenders and in their absolute discretion, preposition funds with any bank, each Borrower and each Guarantorthe Borrower: (a) agree agrees to pay interest on the amount of the funds so prepositioned at the rate described in Clause 8.1 (Calculation of interest) on the basis of successive interest periods of one day and so that interest shall be paid together with the first payment of interest on such Advance after the Utilisation Date in respect of it or, if such Utilisation Date does not occur, within three Business Days of demand by the Facility Agent; and (b) shall, without duplication, indemnify each Finance Party against any costs, loss or liability it may occur incur in connection with such arrangement.

Prepositioning of funds. If, in respect of the Utilisation of any proposed Advance, the Lenders, at the request of the Borrowers and on terms acceptable to all the Lenders and in their absolute discretion, preposition funds with any bank, each Borrower and each the Guarantor: (a) agree to pay interest on the amount of the funds so prepositioned at the rate described in Clause 8.1 (Calculation of interest) on the basis of successive interest periods of one day and so that interest shall be paid together with the first payment of interest on such Advance after the Utilisation Date in respect of it or, if such Utilisation Date does not occur, within three Business Days of demand by the Facility Agent; and (b) shall, without duplication, indemnify each Finance Party against any costs, loss or liability it may occur incur in connection with such arrangement.

Prepositioning of funds. If, in respect of the Utilisation of any Advance, If the Lenders, at the request of the Borrowers Borrower and on terms acceptable to all the Lenders and in their absolute discretion, preposition funds with the Builder's or any other bank, each the Borrower and each the Guarantor: (a) agree to pay interest on the amount of the funds so prepositioned at the rate described in Clause 8.1 (Calculation of interest) on the basis of successive interest periods of one day and so that interest shall be paid together with the first payment of interest on such Advance the Loan after the Utilisation Date in respect of it or, if such Utilisation Date does not occur, within three Business Days of demand by the Facility Agent; and (b) shall, without duplication, indemnify each Finance Party against any costs, loss or liability it may occur incur in connection with such arrangement.

Prepositioning of funds. If, in respect of the Utilisation of any Advanceproposed Advance under Tranches A or B, the LendersLender, at the request of the Borrowers and on terms acceptable to all the Lenders Lender and in their its absolute discretion, preposition prepositions funds with any bank, each Borrower and each GuarantorBorrower: (a) agree to pay interest on the amount of the funds so prepositioned at the rate described in Clause 8.1 9.1 (Calculation of interestinterest – Term Rate Loans) on the basis of successive interest periods of one day and so that interest shall be paid together with the first payment of interest on such Advance after the its Utilisation Date in respect of it or, if such Utilisation Date does not occur, within three Business Days of demand by the Facility AgentLender; and (b) shall, without duplication, indemnify each Finance Party the Lender against any costs, loss or liability it may occur incur in connection with such arrangement.

Prepositioning of funds. If, in respect of any proposed Advance under the Utilisation of any AdvanceLoan, the Lenders, at the request of the Borrowers and on terms acceptable to all the Lenders and in their absolute discretion, preposition funds with any bank, each Borrower the Borrowers and each Guarantorthe Guarantors: (a) agree to pay interest on the amount of the funds so prepositioned at the rate described in Clause 8.1 10.1 (Calculation of interest) on the basis of successive interest periods of one day and so that interest shall be paid together with the first payment of interest on such Advance after the Utilisation Date in respect of it or, if such Utilisation Date does not occur, within three Business Days of demand by the Facility Agent; and (b) shall, without duplication, indemnify each Finance Party against any costs, loss or liability it may occur incur in connection with such arrangement.