Changes to Interest Periods. (a) Prior to determining the interest rate for a Facility A Loan, the Agent may shorten an Interest Period for any Facility A Loan to ensure there are sufficient Facility A Loans (with an aggregate USD Amount equal to or greater than the relevant Repayment Instalment) which have an Interest Period ending on a Facility A Repayment Date for the Borrower to make the relevant Repayment Instalment due on that date. (b) If the Agent makes any of the changes to an Interest Period referred to in this Clause 11.2, it shall promptly notify the Borrower and the Lenders.
Appears in 2 contracts
Sources: Syndication and Amendment Agreement (Igate Corp), Facilities Agreement (Igate Corp)
Changes to Interest Periods. (a) Prior to determining the interest rate for a Facility A Loan, the Facility Agent may shorten an Interest Period for any Facility A Loan to ensure that there are sufficient Facility A Loans (with an aggregate USD Base Currency Amount equal to or greater than the relevant Repayment Instalment) which have an Interest Period ending on a Facility A Repayment Date for the Borrower to make the relevant Repayment Instalment due on that date.
(b) If the Facility Agent makes any of the changes to an Interest Period referred to in this Clause 11.29.2, it shall promptly notify the Borrower and the Lenders.
Appears in 2 contracts
Sources: Term Loan Facility Agreement (Advanced Micro Devices Inc), Term Loan Facility Agreement (Advanced Micro Devices Inc)
Changes to Interest Periods. (aA) Prior to determining the interest rate for a Facility A Loan, the Facility Agent may shorten an the Interest Period for any Facility A Loan to ensure that there are sufficient Facility A Loans (with an aggregate USD Amount equal to or greater than the relevant Repayment Instalment) which have an Interest Period ending on a Facility A Repayment Forecast Date for the Borrower any scheduled reduction to make the relevant Repayment Instalment due on that dateoccur.
(bB) If the Facility Agent makes any of the changes to an Interest Period referred to in this Clause 11.210.2, it shall promptly notify the Borrower and the Lenders.
Appears in 1 contract
Changes to Interest Periods. (a) Prior to determining the interest rate for a Facility A Term Loan, the Facility Agent may shorten an Interest Period for any Facility A Term Loan to ensure that there are sufficient Facility A Term Loans (with an aggregate USD Base Currency Amount equal to or greater than the relevant Repayment Instalment) which have an Interest Period ending on a Facility A Repayment Date for the Borrower Borrowers to make the relevant Repayment Instalment due on that date.
(b) If the Facility Agent makes any of the changes to an Interest Period referred to in this Clause 11.2, it shall promptly notify the Borrower Obligor’s Agent and the Lenders.
Appears in 1 contract
Sources: Facility Agreement (Yell Finance Bv)
Changes to Interest Periods. (a) Prior to determining the interest rate for a Facility A Loan, the Agent may shorten an Interest Period for any Facility A such Loan to ensure there are sufficient Facility A Loans Loans, (with an aggregate USD Amount amount equal to or greater than the relevant scheduled Facility Repayment Instalment) which have an Interest Period ending on a Facility A Repayment Date for the relevant Borrower to make the relevant Facility Repayment Instalment due on that date.
(b) If the Agent makes any of the changes to an Interest Period referred to in this Clause 11.2, 11.3 it shall promptly notify the each Borrower (or Holdco) and the relevant Lenders..
Appears in 1 contract
Sources: Unsecured NGN Term Facility Agreement (IHS Holding LTD)
Changes to Interest Periods. (a) Prior to determining the interest rate for a Facility A Loan, the Facility Agent may shorten an Interest Period for any Facility A Loan to ensure that there are sufficient Facility A Loans (with an aggregate USD Amount amount equal to or greater than the relevant Repayment Instalment) which have an Interest Period ending on a Facility A Repayment Date for the Borrower to make the relevant Repayment Instalment due on that date.
(b) If the Facility Agent makes any of the changes to an Interest Period referred to in this Clause 11.29.2, it shall promptly notify the Borrower and the Lenders.
Appears in 1 contract
Sources: Term Loan Facility Agreement (Advanced Micro Devices Inc)
Changes to Interest Periods. (a) Prior to Before determining the interest rate for a Facility A Loan, the Facility Agent may shorten an Interest Period for any Facility A Loan to ensure there are sufficient Facility A Loans (with an aggregate USD Amount amount equal to or greater than the relevant Repayment Instalment) which have an Interest Period ending on a Facility A Repayment Date for the Borrower to make date that the relevant Repayment Instalment is due on that date.
(b) to be repaid. If the Facility Agent makes any of the changes change to an Interest Period referred to in this Clause 11.29.2, it shall promptly notify the Borrower Company and the Lenders.
Appears in 1 contract