Term of suspension. Clause 6.1 (Repayment) shall be suspended until the earlier of: (a) the first Business Day of May, 2003; or (b) such time as (i) the ratio of the January 2003 NPV to Total Indebtedness is not less than 1.5:1; and (ii) the outstanding Loans do not exceed the Total Commitments.
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Term of suspension. Clause 6.1 (Repayment) shall be suspended until the earlier of:
(a) the first Business Day of MayApril, 20032004; or
(b) such time as (i) the ratio of the January Relevant NPV derived from the Forecast prepared as of 15th August, 2003 NPV in accordance with paragraph 5 (Forecasts) of this letter to Total Indebtedness is not less than 1.5:1; and (ii) the outstanding Loans do not exceed the Total Commitments.
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Term of suspension. Clause 6.1 (Repayment) shall be suspended until the earlier of:
(a) the first Business Day of May, 2003; or
(b) such time as (i) the ratio then applicable Forecast prepared after the date of this letter in accordance with Clause 16 (Forecasts) of the January 2003 Credit Agreement and paragraph 5 (Forecasts) of this letter indicates a Relevant NPV to Total Indebtedness is of not less than 1.5:1; and (ii) the outstanding Loans do not exceed the Total Commitments.
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Term of suspension. Clause 6.1 (Repayment) shall be suspended until the earlier of:
(a) the first Business Day of MayJanuary, 20032004; or
(b) such time as (i) the ratio of the January Relevant NPV derived from the Forecast prepared as of 30th April, 2003 NPV in accordance with paragraph 5 (Forecasts) of this letter to Total Indebtedness is not less than 1.5:1; and (ii) the outstanding Loans do not exceed the Total Commitments.
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