Common use of Facility Limit Clause in Contracts

Facility Limit. Interest on the Advances will not be capitalised if this would cause the amount of the Loan to exceed the Total Facilities Amount. Accordingly, if on any Interest Capitalisation Date as a result of the application of Clause 4.4 and of Clause 5.2 the aggregate amount of all Advances exceeds (or, if an Interest Capitalisation Advance were made or deemed to be made pursuant to Clause 4.4 the aggregate of all Advances would exceed) the Total Facilities Amount the Borrower shall pay to the Facility Agent for the account of the Lenders by way of a payment of interest the amount of interest which would otherwise have been capitalised by means of such Interest Capitalisation Advance.