Common use of Automatic Facility B Advance Clause in Contracts

Automatic Facility B Advance. (a) In the event that the Borrower does not repay a Swingline Advance in full on the last day of its Interest Period, on the Business Day immediately following such day, the Borrower shall be deemed to have served a Utilisation Request for a Facility B Advance (not being a Swingline Advance) in the amount and currency of such Swingline Advance and with an Interest Period of 1 week and such Facility B Advance shall be made in accordance with Clause 5.4 (Lenders’ participation) and the proceeds thereof applied in repayment of the said Swingline Advance. (b) Clause 4.2(a) (Further conditions precedent) shall not apply to any Facility B Advance to which this Clause 5.9 refers.

Automatic Facility B Advance. (a) In the event that the a Borrower does not repay a Swingline Advance in full on the last day of its Interest Period, on the Business Day immediately following such day, the that Borrower shall be deemed to have served a Utilisation Request for a Facility B Advance (not being a Swingline Advance) in the amount and currency of such Swingline Advance and with an Interest Period of 1 week and such Facility B Advance shall be made in accordance with Clause 5.4 6.4 (Lenders’ ' participation) and the proceeds thereof applied in repayment of the said Swingline Advance. (b) Clause 4.2(a5.2(a) (Further conditions precedent), Clause 5.4(a) (Maximum number of Advances) and Clause 6.3 (Currency and Amount) shall not apply to any Facility B Advance to which this Clause 5.9 6.9 refers.