Splitting Clause Samples
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Splitting. The differential quantities from the sub-balancing group shall be offset at % in the invoicing balancing group. The balancing group manager must ensure that the total of the percent key for splitting the differential quantities of the sub-balancing group over several invoicing balancing groups continuously produces 100% and no differential quantities are left over in the sub-balancing group. Where differential quantities are left over in the sub-balancing group and the sub-balancing group’s balancing group manager is responsible for this, GASPOOL shall be entitled to suspend the performance stipulated in this agreement with immediate effect, and with a repeated violation of such an obligation GASPOOL shall be entitled to terminate the agreement with immediate effect.
Splitting. (a) The Company may give notice to the Agent by not later than 9.00 am on the Business Day before the commencement of an Interest Period for a Facility B Loan that it wishes that Facility B Loan to be split into two or more Facility B Loans, each such part being a minimum of 10,000,000 pounds.
(b) Each such part of a Facility B Loan will be treated as a separate Facility B Loan.
(c) The Company may not split any Facility B Loan if, as a result, there would then be more than 15 Utilisations outstanding at that time.
Splitting. No licensee shall induce or permit any borrower to split up or divide any loan or permit any person to become obligated under more than one contract of loan for the same purpose or at the same time for the purpose or with the result of obtaining a higher rate of charge than would otherwise be permitted by this section. However, if a person becomes obligated on a contract of loan as an accommodation party, a preceding or subsequent loan to that person is not a violation of this subdivision nor shall such loans be aggregated in determining the applicable rate of charge.
Splitting. The differential quantities from the sub-balancing group shall be offset at % in the
Splitting. The Obligor's Agent may, in any notice given pursuant to Clause 11.1, split a Tranche A Advance into up to two Tranche A Advances, provided that one of such Tranche A Advance shall be in an amount at least equal to the Repayment Instalment due to be repaid with respect to such Tranche A Advances on the next Repayment Date (and shall have an Interest Period ending on such Repayment Date). No more than five Tranche A Advances may be outstanding at any time.
Splitting. The relevant Borrower may, in any notice given pursuant to Clause 10.1 (or in any Request therefor) split any Tranche 1 Advance or Tranche 2 Advance into any number of separate Tranche 1 Advances or Tranche 2 Advances, respectively (each having an Interest Period of a different duration, separately designated in such notice or Request), provided that each such separate Advance must be of a minimum amount of 100,000,000 pounds. Each Advance resulting from any such splitting shall continue as a separate Advance unless and until consolidated with another Advance having the same Tranche designation.
Splitting. Dividing a purchase or contract into two or more parts in order to avoid the requirements of this policy is prohibited.
Splitting. The Obligors' Agent may, in any notice given pursuant to Clause 11.1, split a Tranche A Advance and/or a Tranche B Advance into up to 2 Tranche A Advances or Tranche B Advances, provided that one of such Tranche A Advances or Tranche B Advances (as the case may be) shall be in an amount at least equal to the Repayment Instalment due to be repaid with respect to the relevant Advances on the next Repayment Date (and its specified Interest Period shall end on such next Repayment Date). No more than 2 Tranche A Advances and 2 Tranche B Advances may be outstanding at any time.
Splitting a Co-curricular Position
Splitting. This article applies only when: