Common use of Agent’s calculations Clause in Contracts

Agent’s calculations. (a) All calculations made by the Agent pursuant to this Clause 11 or Clause 9 (Interest) will take into account any repayment, prepayment, consolidation or division of Advances to be made on the last day of an Interest Period. (b) Each Lender’s participation in an Advance will, subject to paragraph (a) above, be determined in accordance with Clause 3.1 (Basis of Participation). (c) If a Lender’s Commitment is reduced pursuant to this Agreement after the Agent has received a Utilisation Request for a Revolving Facility Advance and such reduction was not taken into account in determining the limit on the Revolving Facility available for Utilisation, then both the Sterling Amount and the amount of the Revolving Facility Advance shall be reduced accordingly.