Common use of Repayment of Tranche A Advances Clause in Contracts

Repayment of Tranche A Advances. (a) Each Borrower shall repay each Tranche A Advance made to it in full on its Maturity Date to the Agent for the relevant Bank but since Tranche A is available on a revolving basis amounts repaid may be reborrowed subject to the terms of this Agreement. Subject to paragraph (b) below, no Tranche A Advance may be outstanding after the Tranche A Term Date. (b) At any time and from time to time prior to the Tranche A Term Date, any Borrower may, by delivery of a duly completed Request to the Agent under Clause 5 (Advance Facilities) (who shall send a copy of the same to the Banks), elect to draw one or more Advances (each a "Term-out Advance") under Tranche A with a Maturity Date after the Tranche A Term Date. No Term-out Advance, once repaid or prepaid, may be reborrowed (other than under Clause 5.10 (b) (Term-out Advances in Optional Currencies)).

Repayment of Tranche A Advances. (a) Each Borrower shall repay each Tranche A Advance made to it in full on its Maturity Date to the Agent for the relevant Bank but since Tranche A is available on a revolving basis amounts repaid may be reborrowed subject to the terms of this Agreement. Subject to paragraph (b) below, no Tranche A Advance may be outstanding after the Tranche A Term Date. (b) At any time and from time to time No earlier than 60 days prior to the Tranche A Term Date, any Borrower may, by delivery of a duly completed Request to the Agent under Clause 5 (Advance FacilitiesAdvances) (who shall send a copy of the same to the Banks), elect to draw one or more Advances (each a "TermTERM-out AdvanceOUT ADVANCE") under Tranche A with a Maturity Date after the Tranche A Term Date. No Term-out Advance, once repaid or prepaid, may be reborrowed (other than under Clause 5.10 (b) (Term-out Advances in Optional Currencies))reborrowed.