Common use of Consolidation and division of Loans Clause in Contracts

Consolidation and division of Loans. (a) Subject to paragraph (b) below, if two or more Interest Periods end on the same date, those Loans will, unless that Borrower (or the Company on its behalf) specifies to the contrary in the Selection Notice for the next Interest Period, be consolidated into, and treated as, a single Loan on the last day of the Interest Period.

Appears in 4 contracts

Samples: Bridge Facility Agreement (Coca-Cola HBC AG), Facility Agreement (Coca-Cola HBC AG), Bridge Facility Agreement (Coca-Cola HBC AG)

AutoNDA by SimpleDocs

Consolidation and division of Loans. (a) Subject to paragraph (b) below, if two or more Interest Periods end on the same date, those Loans will, unless that the Borrower (or the Company on its behalf) specifies to the contrary in the Selection Notice for the next Interest Period, be consolidated into, and treated as, a single Loan on the last day of the Interest Period.

Appears in 3 contracts

Samples: Facility Agreement (Cascal B.V.), Facility Agreement (AstraZeneca Biopharmaceuticals Inc.), Agreement (Cascal B.V.)

Consolidation and division of Loans. (a) Subject to paragraph (b) below, if two or more Interest Periods end on the same date, those the Loans relating thereto will, unless that Borrower (or the Company Parent on its behalf) specifies to the contrary in the Selection Notice for the next Interest Period, be consolidated into, and treated as, a single Loan on the last day of the Interest Period.

Appears in 2 contracts

Samples: Facility Agreement (Gold Fields LTD), Facility Agreement (Gold Fields LTD)

Consolidation and division of Loans. (a) Subject to paragraph (b) below, if two or more Interest Periods end on the same date, those the Loans in relation thereto will, unless that Borrower (they are not denominated in the same currency or the Company on its behalf) Borrower specifies to the contrary in the Selection Notice for the next Interest Period, be consolidated into, and treated as, a single Loan on the last day of the Interest Period.

Appears in 2 contracts

Samples: Agreement (Advanced Micro Devices Inc), Agreement (Advanced Micro Devices Inc)

Consolidation and division of Loans. (aA) Subject to paragraph (bB) below, if two or more Interest Periods for Loans under the Facility end on the same date, those Loans will, unless that a Borrower (or the Company on its behalf) specifies to the contrary in the Selection Notice for Utilisation Request or in a notice to the next Interest PeriodFacility Agent, be consolidated into, and treated as, a single Loan under the Facility on the last day of the Interest Period.

Appears in 2 contracts

Samples: Facility Agreement (Kosmos Energy Ltd.), Facility Agreement (Kosmos Energy Ltd.)

Consolidation and division of Loans. (aA) Subject to paragraph (bB) below, if two or more Interest Periods for Loans under the Facility end on the same date, those Loans will, unless that if so specified by the Borrower (in the Utilisation Request or the Company on its behalf) specifies in a notice to the contrary in the Selection Notice for the next Interest PeriodFacility Agent, be consolidated into, and treated as, a single Loan under the Facility on the last day of the Interest Period.

Appears in 1 contract

Samples: Assignment Agreement (Vaalco Energy Inc /De/)

Consolidation and division of Loans. (a) Subject to paragraph (b) below, if two or more Interest Periods end on the same date, those the Loans in relation thereto will, unless that the Borrower (or the Company on its behalf) specifies to the contrary in the Selection Notice for the next Interest Period, be consolidated into, and treated as, a single Loan on the last day of the Interest Period.

Appears in 1 contract

Samples: Agreement (Advanced Micro Devices Inc)

Consolidation and division of Loans. (a) Subject to paragraph (b) below, if two or more Interest Periods end on the same date, the Loans to which those Loans Interest Periods relate will, unless that the Borrower (or the Company on its behalf) specifies to the contrary in the Selection Notice for the next Interest Period, be consolidated into, and treated as, a single Loan on the last day of the Interest Period.

Appears in 1 contract

Samples: Assignment Agreement (Smurfit WestRock LTD)

Consolidation and division of Loans. (a) Subject to paragraph (b) below, if two (2) or more Interest Periods end on the same date, those Loans will, provided that they were made under the same Facility and unless that the relevant Borrower (or the Company on its behalf) specifies to the contrary in the Selection Notice for the next Interest Period, be consolidated into, and treated as, a single Loan on the last day of the Interest Period.

Appears in 1 contract

Samples: Gtech Senior Facilities Agreement (International Game Technology PLC)

Consolidation and division of Loans. (aE) Subject to paragraph (bB) below, if two or more Interest Periods for Loans under the Facility end on the same date, those Loans will, unless that a Borrower (or the Company on its behalf) specifies to the contrary in the Selection Notice for Utilisation Request or in a notice to the next Interest PeriodFacility Agent, be consolidated into, and treated as, a single Loan under the Facility on the last day of the Interest Period.

Appears in 1 contract

Samples: Facility Agreement (Kosmos Energy Ltd.)

AutoNDA by SimpleDocs

Consolidation and division of Loans. (a) Subject to paragraph (b) below, if the Interest Periods of two or more Interest Periods Loans under the same Facility end on the same date, those Loans will, unless that the Borrower (or the Company on its behalf) specifies to the contrary in the Selection Notice for the next Interest Period, be consolidated into, and treated as, a single Loan on the last day of the Interest Period.

Appears in 1 contract

Samples: Facilities Agreement (3SBio Inc.)

Consolidation and division of Loans. (a) Subject to paragraph (b) belowclause 9.3(b), if two or more Interest Periods end on the same date, those Loans will, unless that Borrower (or the Company on its behalf) specifies to the contrary in the Selection Notice for the next Interest Period, be consolidated into, and treated as, a single Loan on the last day of the Interest Period.

Appears in 1 contract

Samples: Agreement

Consolidation and division of Loans. (a) 9.4.1 Subject to paragraph (b) 9.4.2 below, if two or more Interest Periods end on the same date, the Loans to which those Loans Interest Periods relate will, unless that the Borrower (or the Company on its behalf) specifies to the contrary in the Selection Notice for the next Interest Period, be consolidated into, and treated as, a single Loan on the last day of the Interest Period.

Appears in 1 contract

Samples: Bridge Facility Agreement (Luxottica Group Spa)

Consolidation and division of Loans. (a) Subject to paragraph (b) below, if two 2 or more Interest Periods end on the same date, those Loans will, unless that the Borrower (or the Company on its behalf) specifies to the contrary in the Selection Notice for the next Interest Period, be consolidated into, and treated as, a single Loan on the last day of the that Interest Period.

Appears in 1 contract

Samples: Facility Agreement (Diana Containerships Inc.)

Consolidation and division of Loans. (a) Subject to paragraph (b) below, if the Interest Periods of two or more Interest Periods Loans end on the same date, those Loans will, unless that the Borrower (or the Company on its behalf) specifies to the contrary in the Selection Notice for or by notice in writing to the next Agent at least five Business Days prior to the last day of that Interest Period, be consolidated into, and treated as, a single Loan on the last day of the that Interest Period. The Interest Period for any Utilisation (other than the first Utilisation) shall end on the same date as the current Interest Period in relation to the other Loans under this Agreement.

Appears in 1 contract

Samples: Agreement (PCGI Intermediate Holdings LTD)

Consolidation and division of Loans. (a) Subject to paragraph (b) below), if two or more Interest Periods end on the same date, those Loans will, unless that Borrower (or the Company on its behalf) specifies to the contrary in the Selection Notice for the next Interest Period, be consolidated into, and treated as, a single Loan on the last day of the Interest Period.

Appears in 1 contract

Samples: Agreement (eHi Car Services LTD)

Time is Money Join Law Insider Premium to draft better contracts faster.