Repayment Formula Sample Clauses

Repayment Formula. (a) In addition to the Cash Sweep Repayments made in accordance with clause 6.1.1 (Quarterly cash sweep payments), by no later than each Semi-Annual Repayment Date in relation to each June Financial Half Year, the Borrower shall repay that portion of the Total Facility Outstandings in an amount equal to the Semi-Annual Repayment Amount calculated in respect of that June Financial Half Year (and provided such Semi-Annual Repayment Amount is greater than zero). (b) The Borrower shall calculate the Annual Repayment Amount in relation to each Financial Year. If such Annual Repayment Amount is greater than zero and: (i) is more than the amount paid by the Borrower in accordance with (a) above in relation to that Financial Year (Semi-Annual Repayment), the Borrower shall, by no later than the Annual Repayment Date in relation to that Financial Year, repay that portion of the Total Facility Outstandings in an amount equal to such Annual Repayment Amount minus such Semi-Annual Repayment; and (ii) is less than the Semi-Annual Repayment, the Borrower shall, subject to the remaining provisions of this Agreement, be entitled to redraw an amount equal to such Semi-Annual Repayment minus such Annual Repayment Amount.