Common use of Rollover Advances Clause in Contracts

Rollover Advances. Without prejudice to each relevant Borrower’s obligation to repay the full amount of each Revolving Facility Advance and Secondary Revolving Facility Advance made to it on the applicable Repayment Date, where, on the same day on which such relevant Borrower is due to repay a Revolving Facility Advance or Secondary Revolving Facility Advance (a “Maturing Advance”) such relevant Borrower has also requested that an Advance under the same Facility in the same currency as and in an amount which is equal to or less than the Maturing Advance be made to it (a “Rollover Advance”), subject to the Lenders being obliged to make such Rollover Advance under Clause 4.1 (Conditions to Utilisation), the amount to be so repaid and the amount to be so drawn down shall be netted off against each other so that the amount which such relevant Borrower is actually required to repay on the applicable Repayment Date shall be the net amount remaining after such netting off.

Rollover Advances. Without prejudice to each relevant Borrower’s Borrowers obligation to repay the full amount of each Revolving Facility Advance and Secondary Revolving Facility Advance made to it on the applicable Repayment Date, where, on the same day on which such relevant Borrower is due to repay a Revolving Facility Advance or Secondary Revolving Facility Advance (a “Maturing Advance”) such relevant Borrower has also requested that an Advance under the same Facility in the same currency as and in an amount which is equal to or less than the Maturing Advance be made to it (a “Rollover Advance”), subject to the Lenders being obliged to make such Rollover Advance under Clause 4.1 (Conditions to Utilisation), the amount to be so repaid and the amount to be so drawn down shall be netted off against each other so that the amount which such relevant Borrower is actually required to repay on the applicable Repayment Date shall be the net amount remaining after such netting off.