Common use of Repayment of advance Clause in Contracts

Repayment of advance. If the Fiscal Agent should pay an amount (an "advance") to the Relevant Issuer or the Guarantor (where the Relevant Issuer is CBQ Finance Limited) in the belief that a payment has been or will be received from a Dealer, and if such payment is not received by the Fiscal Agent on the date that the Fiscal Agent pays the Relevant Issuer or the Guarantor (where the Relevant Issuer is CBQ Finance Limited), the Relevant Issuer (or, in default, the Guarantor (where the Relevant Issuer is CBQ Finance Limited)) shall forthwith repay the advance (unless prior to such repayment the payment is received from the Dealer) and shall pay interest on such amount which shall accrue (as well after as before judgment) on the basis of a year of 365 days (366 days in the case of a leap year) in the case of an advance paid in sterling or 360 days in the case of an advance paid in any other currency and, in either case, the actual number of days elapsed from the date of payment of such advance until the earlier of (i) repayment of the advance or

Repayment of advance. If the Fiscal Agent should pay an amount (an "advance") to the Relevant Issuer or the Guarantor (where the Relevant Issuer is CBQ Finance Limited) in the belief that a payment has been or will be received from a Dealer, and if such payment is not received by the Fiscal Agent on the date that the Fiscal Agent pays the Relevant Issuer or the Guarantor (where the Relevant Issuer is CBQ Finance Limited), the Relevant Issuer (or, in default, the Guarantor (where the Relevant Issuer is CBQ Finance Limited)) shall forthwith repay the advance (unless prior to such repayment the payment is received from the Dealer) and shall pay interest on such amount which shall accrue (as well after as before judgment) on the basis of a year of 365 days (366 days in the case of a leap year) in the case of an advance paid in sterling or 360 days in the case of an advance paid in any other currency and, in either case, the actual number of days elapsed from the date of payment of such advance until the earlier of (i) repayment of the advance oror (ii) receipt by the Fiscal Agent of the payment from the Dealer, and at the rate per annum which is the aggregate of one per cent. per annum and the rate specified by the Fiscal Agent as reflecting its cost of funds for the time being in relation to the unpaid amount.