Common use of Rollover Advances Clause in Contracts

Rollover Advances. Without prejudice to each Borrower’s obligation to repay the full amount of each Revolving Facility Advance made to it on the applicable Repayment Date, where, on the same day on which such Borrower is due to repay a Revolving Facility Advance (a “Maturing Advance”) such Borrower has also requested that one or more Revolving Facility Advances in the same currency as and in an amount which is equal to or less than the Maturing Advance be made to it (a “Rollover Advance”), subject to the Lenders being obliged to make such Rollover Advance under Clause 4.1 (Conditions to Utilisation), the aggregate amount of the Rollover Advance shall be treated as if applied in or towards repayment of the Maturing Advance so that:

Rollover Advances. Without prejudice to each relevant Borrower’s obligation to repay the full amount of each Revolving Facility Advance made to it on the applicable Repayment Date, where, on the same day on which such relevant Borrower is due to repay a Revolving Facility Advance (a “Maturing Advance”) such relevant Borrower has also requested that one or more a Revolving Facility Advances Advance in the same currency as and in an amount which is equal to or less than the Maturing Advance be made to it (a “Rollover Advance”), subject to the Lenders being obliged to make such Rollover Advance under Clause 4.1 (Conditions to Utilisation), the aggregate amount of to be so repaid and the Rollover Advance amount to be so drawn down shall be treated as if applied in or towards repayment of netted off against each other so that the Maturing Advance so that:amount which such relevant Borrower is actually required to repay on the applicable Repayment Date shall be the net amount remaining after such netting off.