Common use of Repayment and Reductions Clause in Contracts

Repayment and Reductions. Repayment and roll-over of Revolving Facility Loans The Borrower shall repay each Revolving Facility Loan in full on the last day of its Interest Period, however so that where a Revolving Facility Loan (the “New Revolving Facility Loan”) is, subject to and in accordance with the other terms of this Agreement, to be made on a day which another Revolving Facility Loan “Maturing Revolving Facility Loan”) is due to be repaid, then:

Appears in 3 contracts

Samples: Credit Facility Agreement, Credit Facility Agreement (Seadrill Partners LLC), Credit Facility Agreement (Seadrill Partners LLC)

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Repayment and Reductions. 8.1 Repayment and roll-over of Revolving Facility Loans The Borrower shall repay each Revolving Facility Loan in full on the last day of its Interest Period, however so that where a Revolving Facility Loan (the “New Revolving Facility Loan”) is, subject to and in accordance with the other terms of this Agreement, to be made on a day which another Revolving Facility Loan (the “Maturing Revolving Facility Loan”) is due to be repaid, then:

Appears in 1 contract

Samples: Whereas Eksportfinans

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