Rollover Loans amend Clause 4.2 (Further conditions precedent) so that the applicable condition precedent to a Rollover Loan is that the Facility Agent shall not have received instructions from the Lenders to whom more than 50 per cent. of the relevant Rollover Loan or documentary credit is owed (not taking into account outstandings in respect of which a repayment or cancellation notice has been delivered), requiring the Facility Agent to refuse such rollover or renewal of a documentary credit following a written notice having been served under Clause 22.16 (Acceleration).
Rollover Loans amend Clause 6.6 (Repayment of Revolving Loans) to clarify that, to the extent a Borrower is due to repay (in full or in part) a Revolving Loan on the same day on which such Borrower has also requested a Revolving Loan in the same currency and in the same or a lesser amount, a rollover of such Rollover Loan shall be effected on a cashless basis.
Rollover Loans. Without prejudice to each Borrower’s obligation to repay the full amount of each Revolving Facility Loan made to it on the last day of its Interest Period, where, on the same day on which such Borrower is due to repay a Revolving Facility Loan (a “Maturing Loan”) such Borrower has also requested that one or more Rollover Loans be made to it, subject to the Lenders being obliged to make such Rollover Loans under Clause 4.2 (Further conditions precedent), the aggregate amount of the Rollover Loan shall be treated as if applied in or towards repayment of the Maturing Loan so that:
(a) if the amount of the Maturing Loan exceeds the aggregate amount of the Rollover Loan:
(i) the relevant Borrower will only be required to pay an amount in cash in the relevant currency equal to that excess; and
(ii) each Lender’s participation (if any) in the Rollover Loan shall be treated as having been made available and applied by the Borrower in or towards repayment of that Lender’s participation (if any) in the Maturing Loan and that Lender will not be required to make its participation in the Rollover Loan available in cash; and
(b) if the amount of the Maturing Loan is equal to or less than the aggregate amount of the Rollover Loan:
(i) the relevant Borrower will not be required to make any payment in cash; and
(ii) each Lender will be required to make its participation in the Rollover Loan available in cash only to the extent that its participation (if any) in the Rollover Loan exceeds that Lender’s participation (if any) in the Maturing Loan and the remainder of that Lender’s participation in the Rollover Loan shall be treated as having been made available and applied by the Borrower in or towards repayment of that Lender’s participation in the Maturing Loan.
Rollover Loans. On the last day of the Interest Period for a maturing Revolving Credit Facility Loan which falls on or before the Last Availability Date for the Revolving Credit Facility (a Rollover Date) (on which date such Revolving Credit Facility Loan is due to be repaid), the Lenders shall, subject to clause 6.1, unless (a) not less than three (3) Business Days before such Rollover Date the Borrower notifies the Agent that no Rollover Loan should be advanced for the relevant Revolving Credit Facility Loan or (b) an Event of Default has occurred and is continuing at such time, be deemed to advance to the Borrower a Rollover Loan in an aggregate amount of which is equal to (or less than, if the Borrower notifies the Agent of the same pursuant to clause 6.7 (Repayment – Revolving Credit Facility)), the maturing Revolving Credit Facility Loan or, if less, the balance of the available and undrawn Total Revolving Credit Facility Commitments.
Rollover Loans. Each of Company and each Lender severally agrees that if the Bridge Loans have not been repaid in full by the latest time specified for payment in Section 4.6(b) on the Bridge Loan Maturity Date, then the outstanding principal amount of each Lender’s Bridge Loan shall, immediately after such latest specified time for payment, automatically be converted (a “Rollover Conversion”) into a loan (individually, a “Rollover Loan” and, collectively, the “Rollover Loans”) to Company on the Bridge Loan Maturity Date in a Sterling for Dollar or a Sterling for Euro exchange (at the option of such Lender) in an aggregate principal amount equal to the then outstanding principal amount of such Lender’s Bridge Loans, in each case, as applicable, based on the Exchange Rate at the close of business on the Business Day prior to the Rollover Conversion. It is understood and agreed that the Bridge Loans that are converted into Rollover Loans constitute the same Indebtedness as such Bridge Loans so converted and that no novation shall be effected by any such conversion. Upon such Rollover Conversion, the Conversion Fee shall be due and payable.
Rollover Loans. (a) amend the Credit Agreement to clarify that, to the extent that a Borrower is due to repay (in full or in part) a revolving credit facility Advance on the same day on which such Borrower has also requested a revolving credit facility Advance in the same currency and in the same or a lesser amount, a rollover of such revolving credit facility Advance shall be effected on a cashless basis in accordance with recent Liberty precedent and to make consequential amendments to the Credit Agreement in accordance with recent Liberty precedent to reflect consistent rollover Advance provisions; and
(b) amend Clause 4.2 (Further conditions precedent) so that the applicable condition precedent to a rollover Advance is that the Facility Agent shall not have received instructions from the Lenders to whom more than 50 per cent. of the relevant rollover Advance or documentary credit is owed (not taking into account outstandings in respect of which a prepayment or cancellation notice has been delivered), requiring the Facility Agent to refuse such rollover or renewal of a documentary credit following a written notice having been served under Clause 18.21 (Acceleration).
Rollover Loans. Subject to satisfaction of the conditions set forth in Section 2.01(c), the Borrowers, jointly and severally, and each Lender, severally and not jointly, agree that if the Bridge Loans have not been repaid in full by the latest time specified for payment in Section 2.19 on the Bridge Loan Maturity Date, the then outstanding principal amount of each Lender’s Bridge Loan shall, immediately after such latest specified time for payment, automatically be converted (a “Rollover Conversion”) into a loan (individually, a “Rollover Loan” and, collectively, the “Rollover Loans”) on the Rollover Date in an aggregate principal amount equal to the then outstanding principal amount of such Lender’s Bridge Loan; provided, however, that if the conditions set forth in Section 2.01(c) have not been satisfied by such time on the Bridge Loan Maturity Date, then the Bridge Loans will immediately accelerate and become automatically due and payable at such time. Upon a Rollover Conversion on the Rollover Date, the Bridge Loans shall be deemed to have been prepaid and the Borrowers will be required to make any payments due under Section 2.17 with respect thereto. Any Rollover Loan that is repaid may not be reborrowed. On the Rollover Date, certain covenants and provisions applicable to the Rollover Loans shall convert as set forth in Section 9.23 hereof.
Rollover Loans. Subject to the terms and conditions hereof and the satisfaction of the conditions set forth in Section 2.03(c), each Lender severally agrees that, if BMCA has failed to issue debt or equity securities referred to in subsection (a)(y) above in an amount sufficient to repay the Bridge Loans prior to the date set forth in subsection (a)(x) above and the Bridge Loans of such Lender have not been repaid on or before such date, the then outstanding principal amount of such Lender’s Bridge Loan shall automatically be converted into a senior term loan (a “Rollover Loan”) to the Borrowers on such date (and if such conversion occurs, such date shall also be referred to herein as the “Rollover Date”), in an aggregate principal amount equal to the then outstanding principal amount of the Bridge Loans of such Lender (including any accrued interest thereon not required to be paid in cash), with a maturity of eight years after the Closing Date (the “Final Maturity Date”).
Rollover Loans. 5.2.1 Without prejudice to the Borrower's obligation under Clause 5.1.2, if 1 (one) or more Revolving ZAR Facility Loans are to be made available to the Borrower:
5.2.1.1 on the same day that a maturing Revolving ZAR Facility Loan is due to be repaid by the Borrower; and
5.2.1.2 in whole or in part for the purpose of refinancing the maturing Revolving ZAR Facility Loans, the aggregate amount of the new Revolving ZAR Facility Loans shall be treated as if applied in or towards repayment of the maturing Revolving ZAR Facility Loans and Clause 5.2.2 shall apply.
5.2.1 Any Rollover Loans shall be utilised as follows:
5.2.2.1 if the amount of a maturing Revolving ZAR Facility Loans exceeds the aggregate amount of the new Revolving ZAR Facility Loans (Excess):
5.2.2.1.1 the Borrower will only be required to repay an amount in cash equal to the Excess (in repayment of the maturing Revolving ZAR Facility Loans); and
5.2.2.1.2 the new Revolving ZAR Facility Loan shall be treated as having been made available and applied by the Borrower in or towards repayment of the Revolving ZAR Facility Lender's participation (if any) in the maturing Revolving ZAR Facility Loans and the Revolving ZAR Facility Lenders will not be required to make new Revolving ZAR Facility Loans available in cash; and
5.2.2.2 if the amount of the maturing Revolving ZAR Facility Loan is equal to or less than the aggregate amount of the new Revolving ZAR Facility Loans: Revolving ZAR Facility Agreement_Execution
5.2.2.2.1 the Borrower will not be required to make any repayment in cash on account of the maturing Revolving ZAR Facility Loans; and
5.2.2.2.2 the Revolving ZAR Facility Lenders will be required to make the Revolving ZAR Facility Loans available in cash only to the extent that the new Revolving ZAR Facility Loans exceed the maturing Revolving ZAR Facility Loans and the remainder of the new Revolving ZAR Facility Loans shall be treated as having been made available and applied by the Borrower in or towards repayment of the maturing Revolving ZAR Facility Loan.
Rollover Loans. The issuance of the Rollover Loans on the Bridge Loan Repayment Date shall be subject to the satisfaction of each of the conditions precedent set forth below.
