Common use of Re-borrowing Clause in Contracts

Re-borrowing. The Borrower may not re-borrow any part of the Facility which is repaid or in respect of which Conversion Rights have been exercised pursuant to Clause 12 (Conversion).

Re-borrowing. The Borrower may not re-borrow any part of the Facility which is repaid or in respect of which Conversion Rights have been exercised conversion has occurred pursuant to Clause 12 13 (Conversion).