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.
Appears in 1 contract
Sources: Supplemental Agreement (Dunlop Standard Aerospace Holdings PLC)
Splitting. The Obligor's Obligors' 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 Advances shall be in an amount at least equal to the Repayment Instalment amount which is due to be repaid with respect to such Tranche A Advances Advance on the next Repayment Date (and shall have an Interest Period ending on such Repayment Date). No more than five 20 Tranche A Advances may be outstanding at any time.
Appears in 1 contract