Common use of Rollover Loans Clause in Contracts

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. 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 63529049_1 (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.