Common use of Deferred Amortisation Clause in Contracts

Deferred Amortisation. 6.5.1 If there are insufficient funds available to meet scheduled amortisation payments from the Proceeds Account, the Equity Reserve Account and the Debt Service Reserve Account, deferral of the amortisation of the amounts outstanding, excluding Advances under Tranche E, remaining after application of the available funds will, at the request of the Borrower, subject to Clause 6.1 (General), be permitted without triggering an Event of Default for a period of not more than six (6) months and subject to the maximum permitted deferred amortisation amount under any Tranche at any Repayment Date being no greater than the principal amortisation amount due on such Repayment Date. 6.5.2 Any deferral shall be apportioned rateably across the Tranches due for repayment on the relevant Repayment Date. On the First Repayment Date any deferral shall, however, first be apportioned rateably across ▇▇▇▇▇▇▇▇ ▇▇, ▇▇ and C and only then rateably across Tranche A and Sub-Tranches B1, B2 and B3.

Deferred Amortisation. 6.5.1 If there are insufficient funds available to meet scheduled amortisation payments from the Proceeds Account, the Equity Reserve Account and the Debt Service Reserve Account, deferral of the amortisation of the amounts outstandingoutstanding (less any amount payable by the Shareholders pursuant to the proviso to Clause 2.6.2 (b) (vi) of the Shareholders’ Undertaking Agreement), excluding Advances under Tranche E, remaining after application of the available funds will, at the request of the Borrower, subject to Clause 6.1 (General), be permitted without triggering an Event of Default for a period of not more than six (6) months and subject to the maximum permitted deferred amortisation amount under any Tranche at any Repayment Date being no greater than the principal amortisation amount due on such Repayment Date. 6.5.2 Any deferral shall be apportioned rateably across the Tranches due for repayment on the relevant Repayment Date. On the First Repayment Date any deferral shall, however, first be apportioned rateably across ▇▇▇▇▇▇▇▇ ▇Tranches D▇, ▇▇ and C and only then rateably across Tranche A and Sub-Tranches B1, B2 and B3.