Selection - Term Loans Sample Clauses
Selection - Term Loans. (a) Each Term Loan has successive Terms.
(b) A Borrower must select the first Term for a Term Loan in the Request for that Loan, and must select each subsequent Term in an irrevocable notice received by the Facility Agent not later than 11.00 a.m. on the Business Day before the Rate Fixing Day for that Term. Each Term for a Term Loan will start on its Utilisation Date or on the expiry of its preceding Term.
(c) If a Borrower fails to select a Term for an outstanding Term Loan under paragraph (b) above, that Term will, subject to the other provisions of this Clause, be three months.
(d) Subject to the following provisions of this Clause, each Term for a Term Loan will be one, two, three or six months or any other period agreed by the Company and the Lenders.
Selection - Term Loans. (a) A Borrower of a Term Loan must select the first Term for that Term Loan in the applicable Request for that Term Loan and may select subsequent Terms in a Selection Notice.
(b) Each Selection Notice for a Term Loan is irrevocable and must be delivered to the Facility Agent by the Borrower of that Term Loan not later than 11.00am one Business Day before the Rate Fixing Day for that Term.
(c) The first Term for a Term Loan will start on its Utilisation Date and each subsequent Term will start on the expiry of the preceding Term for the relevant Loan.
(d) If the Borrower fails to select a Term for an outstanding Term Loan under paragraph (a) above, that Term will be one month.
(e) Subject to the provisions of this Clause:
(i) each Term for a Facility A Loan or Facility B Loan will be one or three months or any other period agreed by the Company and the Facility Agent (acting on the instructions of all of the Lenders which have a participation in that Term Loan); and
(ii) each Term for a Facility C Loan will be one, three or six months or any other period agreed by the Company and the Facility Agent (acting on the instructions of all the Lenders which have a participation in that Term Loan).
(f) Notwithstanding paragraph (e) above:
(i) the Borrower may select a Term of any period of less than one, three or six months in the case of a Facility C Loan if necessary to ensure there are sufficient Term Loans under Facility C (with an aggregate amount equal to or greater than the relevant Facility C Repayment Instalment) which have a Term ending on the date that the relevant Facility C Repayment Instalment is due to be repaid; and
(ii) in order to facilitate primary syndication of the Facilities, each Term for a Term Loan may also be any other period of less than one month as requested by the Original Mandated Lead Arrangers.
Selection - Term Loans. (a) Each Term Loan has successive Terms.
(b) A Borrower must select the first Term for a Term Loan in the relevant Request and each subsequent Term in an irrevocable notice received by the Facility Agent not later than 11.00 a.m. one Business Day before the Rate Fixing Day for that Term. Each Term for a Term Loan will start on its Utilisation Date or on the expiry of its preceding Term.
(c) If the Borrower fails to select a Term for an outstanding Term Loan under paragraph (b) above, that Term will, subject to the other provisions of this Clause, be three months.
(d) Subject to the following provisions of this Clause, each Term for a Term Loan will be one, two, three or six months or any other period shorter than six months agreed by the Company and the Facility Agent or any other period agreed by the Company and all the Lenders which have (or will have) a share in that Term Loan.
Selection - Term Loans. (a) Each Term Loan and Restructuring Loan has successive Terms.
(b) A Borrower must select the first Term for a Term Loan and Restructuring Loan in the relevant Request and each subsequent Term in an irrevocable notice received by the Facility Agent not later than 11.00 a.m. one Business Day before the Rate Fixing Day for that Term. Each Term for a Term Loan and Restructuring Loan will start on its Utilisation Date or on the expiry of its preceding Term.
(c) If a Borrower fails to select a Term for an outstanding Term Loan and Restructuring Loan under paragraph (b) above, that Term will, subject to the other provisions of this Clause, be three months.
(d) Subject to the following provisions of this Clause, each Term for a Term Loan and a Restructuring Loan will be one, two, three or six months or any other period shorter than six months agreed by the Company and the Facility Agent or any other period agreed by the Company and the Lenders.
(e) Until the date which is the earlier of six months after the First Drawdown Date and the Syndication Date, the duration of each Term shall be one month or such other period (not exceeding six months) as may be agreed between the Company and the Facility Agent.
Selection - Term Loans. (a) Each Term Loan has successive Terms.
(b) A Borrower must select the first Term for a Term Loan in the relevant Request and each subsequent Term in an irrevocable notice received by the Facility Agent not later than 11.00 a.m. one Business Day before the Rate Fixing Day for that Term. Each Term for a Term Loan will start on its Utilisation Date or on the expiry of its preceding Term.
(c) If a Borrower fails to select a Term for an outstanding Term Loan under paragraph (b) above, that Term will, subject to the other provisions of this Clause, be three months.
(d) Subject to the following provisions of this Clause, each Term for a Term Loan will be one, two, three or six months, or any other period not exceeding twelve months agreed by all the Lenders.
(e) Until the date which is the earlier of 31 January 2007 and the General Syndication Date, the duration of each Term shall be one month or such other period (not exceeding one month) so as to ensure that the Terms for all the Loans then outstanding end on the same date or such other period (not exceeding six months) as may be agreed between the Company and the Facility Agent.
Selection - Term Loans. (a) Each Term Loan has successive Terms.
Selection - Term Loans. (a) Each Term Loan has successive Terms.
(b) A Borrower must select the first Term for a Term Loan in the relevant Request and each subsequent Term in an irrevocable notice received by the Facility Agent not later than
Selection - Term Loans. (a) Each Term Loan has successive Interest Periods.
(b) A Borrower may select the first Interest Period for a Term Loan in the relevant Request and each subsequent Interest Period in a Selection Notice received by the Agent not later than 11.00 a.m. one Business Day before the Rate Fixing Day for that Interest Period. Each Interest Period for a Term Loan will start on its Drawdown Date or on the expiry of its preceding Interest Period.
(c) If the relevant Borrower fails to select an Interest Period for an outstanding Term Loan under paragraph (b) above, that Interest Period will, subject to the other provisions of this Clause, be three months.
(d) Subject to the following provisions of this Clause, each Interest Period for a Term Loan will be one, two, three or six months or any other period agreed by the relevant Borrower and the Banks.
Selection - Term Loans. (a) Each Term Loan has successive Terms.
(b) A Borrower must select the first Term for a Term Loan in the relevant Request and each subsequent Term in an irrevocable notice received by the Facility Agent not later than 10.00 a.m. (Paris time) three Business Days before the Rate Fixing Day for that Term. Each Term for a Term Loan will start on its Utilisation Date or on the expiry of its preceding Term.
(c) If a Borrower fails to select a Term for an outstanding Term Loan under paragraph (b) above, that Term will, subject to the other provisions of this Clause, be three months.
(d) Subject to the following provisions of this Clause, each Term for a Term Loan will be one, two, three or six months or:
(i) any shorter period agreed by the Company and the Facility Agent; or
(ii) any longer period agreed by the Company and the Majority Lenders.
(e) Until the Mandated Lead Arrangers have notified the Company that Syndication has been completed, each Term for a Term Loan will be one month or such shorter period as the Company and the Mandated Lead Arrangers shall agree.
Selection - Term Loans. (a) Each Term Loan has successive Terms.
(b) A Borrower must select the first Term for a Term Loan in the relevant Request and each subsequent Term in an irrevocable notice received by the Facility Agent not later than 11.00 a.m. one Business Day before the Rate Fixing Day for that Term. The first Term for a Term Loan will start on its Utilisation Date and each subsequent Term will start on the expiry of the preceding Term for the relevant Loan.
(c) If the Borrower fails to select a Term for an outstanding Term Loan under Paragraph (b) above, that Term will, subject to any other provisions of this Clause 15 and Clause 7.5(e) (Settlement of Claims under Lenders’ Indemnity), be one month.
(d) Subject to the provisions of this Clause 15 and 7.5(e) (Settlement of Claims under Lenders’ Indemnity), each Term for a Term Loan will be one, two, three or six months or any other period agreed by the Obligors’ Agent and the Lenders.
(e) Notwithstanding paragraph (d) above, in order to facilitate the syndication of the Facilities and the repayment or prepayment in whole or in part of any Facility, each Term for a Term Loan Facility may also be any other period of less than one month duration to be selected by the Obligors’ Agent.