Common use of Agent’s calculations Clause in Contracts

Agent’s calculations. (a) All calculations made by the Agent pursuant to this Clause 6 will take into account any repayment, prepayment, consolidation or division of Loans to be made on the last day of the first Interest Period. (b) Each Lender’s participation in a Loan will, subject to paragraph (a) above, be determined in accordance with paragraph (b) of Clause (b) (Lenders’ participation). (c) For the avoidance of doubt, in no circumstances will the aggregate of all Clause 6.2 and Clause 6.3 Holdover Amounts outstanding from the Borrowers be permitted to exceed five per cent of the total Utilisations of such Facility.