Common use of Maximum number of Loans Clause in Contracts

Maximum number of Loans. (a) A Borrower may not deliver a Utilisation Request if as a result of the proposed Utilisation: (i) more than 14 Facility A Loans would be outstanding; or (ii) more than 6 Facility B Loans would be outstanding. (b) A Borrower may not request that a Term Loan be divided if, as a result of the proposed division, more than 6 Term Loans would be outstanding. (c) Any Loan made by a single Lender under Clause 6.2 (Unavailability of a currency) shall not be taken into account in this Clause 4.4.

Appears in 1 contract

Sources: Facility Agreement (Intercontinental Hotels Group PLC /New/)

Maximum number of Loans. (a) A The Borrower may not deliver a Utilisation Request if as a result of the proposed Utilisation more than 15 Loans would be outstanding. (b) The Borrower may not deliver a Utilisation Request if as a result of the proposed Utilisation: (i) , Loans denominated in more than 14 Facility A Loans would be outstanding; or (ii) more than 6 Facility B Loans would be outstanding. (b) A Borrower may not request that a Term Loan be divided if, as a result of the proposed division, more than 6 Term Loans 3 currencies would be outstanding. (c) Any Loan made by a single Lender under Clause 6.2 (Unavailability of a currency) shall not be taken into account in this Clause 4.4.

Appears in 1 contract

Sources: Amendment and Restatement Agreement (Discovery Communications, Inc.)

Maximum number of Loans. (a) A Borrower (or the Parent) may not deliver a Utilisation Request if as a result of the proposed UtilisationLoan: (i) more than 14 one Facility A B Loan would be outstanding; (ii) more than 10 Additional Facility Loans would be outstanding; or (iiiii) more than 6 10 Revolving Facility B Loans would be outstanding. (b) A Borrower The Parent may not request that a Term the Facility B Loan be divided if, as a result of the proposed division, more than 6 Term Loans would be outstandingdivided. (c) Any Separate Loan made by a single Lender under Clause 6.2 (Unavailability of a currency) shall not be taken into account in this Clause clause 4.4.

Appears in 1 contract

Sources: Senior Term and Revolving Facilities Agreement

Maximum number of Loans. (a) A Borrower may not deliver a Utilisation Request Request: (i) in respect of the Term Facility if as a result of the proposed Utilisation: (i) Loan more than 14 Facility A 5 Loans would be outstandingoutstanding under the Term Facility; orand (ii) more than 6 in respect of the Revolving Facility B Loans would be outstanding. (b) A Borrower may not request that a Term Loan be divided if, if as a result of the proposed division, Loan more than 6 Term 15 Loans would be outstandingoutstanding under the Revolving Facility. (cb) Any Separate Loan made by a single Lender under Clause 6.2 (Unavailability of a currency) shall not be taken into account in this Clause 4.44.3.

Appears in 1 contract

Sources: Senior Facilities Agreement (Alliance Data Systems Corp)

Maximum number of Loans. (a) A Borrower may not deliver a Utilisation Request if as a result of the proposed Utilisation: (i) more than 14 two (2) Term Loans would be outstanding; (ii) more than ten (10) Acquisition Revolving Facility A Loans would be outstanding; or (iiiii) more than 6 ten (10) General Revolving Facility B Loans would be outstanding. (b) A Borrower may not request that a Term Loan be divided if, as a result of the proposed division, more than 6 Term Loans would be outstanding. (c) Any Loan made by a single Lender under Clause clause 6.2 (Unavailability of a currency) shall not be taken into account in this Clause 4.4clause 4.5.

Appears in 1 contract

Sources: Facilities Agreement

Maximum number of Loans. (a) A Borrower may not deliver a Utilisation Request if as a result of the proposed Utilisation: (i) eight or more than 14 Facility A Loans would be outstanding; or (ii) ten or more than 6 Facility B Loans would be outstanding. (b) A Borrower may not request that a Term Facility A Loan be divided if, as a result of the proposed division, eight or more than 6 Term Facility A Loans would be outstanding. (c) Any Loan made by a single Lender under Clause 6.2 7.2 (Unavailability of a currency) shall not be taken into account in this Clause 4.4.

Appears in 1 contract

Sources: Facilities Agreement (Benfield Greig Group PLC)

Maximum number of Loans. (a) A Borrower may not deliver a Utilisation Request if as a result of the proposed Utilisation: (i) 16 or more than 14 Facility A Term Loans would be outstanding; oror Table of Contents (ii) 16 or more than 6 Revolving Facility B Loans would be outstanding. (b) A Borrower may not request that a Term Loan be divided if, as a result of the proposed division, 16 or more than 6 Term Loans would be outstanding. (c) Any Loan made by a single Lender under Clause 6.2 9.2 (Unavailability of a currency) shall not be taken into account in this Clause 4.4.

Appears in 1 contract

Sources: Facilities Agreement (HeidelbergCement AG)

Maximum number of Loans. (a) A Borrower may not deliver a Utilisation Request if if, as a result of the proposed Utilisation: (i) more than 14 two Facility A Loans would be outstanding; or (ii) more than 6 five Facility B Loans would be outstanding. (b) A Borrower may not request that a Term Loan be divided if, as a result of the proposed division, more than 6 Term Loans would be outstanding. (c) Any Loan made by a single Lender under Clause 6.2 (Unavailability of a currency) shall not be taken into account in this Clause 4.4.

Appears in 1 contract

Sources: Amendment and Restatement Agreement (Misys PLC)

Maximum number of Loans. (a) A Borrower may not deliver Unless the Facility Agent agrees otherwise, a Utilisation Request may not be delivered if as a result of the proposed Utilisation: (i) Utilisation more than 14 15 Term Loans under each Term Facility A and 15 Revolving Facility Loans would be outstanding; or (iiincluding, in the case of Revolving Facility C, Swingline Loans) more than 6 under each Revolving Facility B Loans would be outstanding. (b) A Borrower may not request that a Term Loan be divided if, as a result of the proposed division, more than 6 Term Loans would be outstanding. (c) Any Loan made by a single Lender under Clause 6.2 11.2 (Unavailability of a currency) shall not be taken into account in this Clause 4.4.

Appears in 1 contract

Sources: Facility and Subscription Agreement (BHP Billiton PLC)

Maximum number of Loans. (a) A The Borrower may not deliver a Utilisation Request if as a result of the proposed Utilisation: (i) two or more than 14 Facility A Loans would be outstanding; or (ii) six or more than 6 Facility B Loans would be outstanding; or (iii) two or more Facility C1 Loans would be outstanding; or (iv) two or more Facility C2 Loans would be outstanding. (b) A Borrower may not request that a Term Loan be divided if, as a result of the proposed division, more than 6 Term Loans would be outstanding. (c) Any Loan made by a single Lender under Clause 6.2 (Unavailability of a currency) shall not be taken into account in this Clause 4.4.

Appears in 1 contract

Sources: Facilities Agreement (Cemex Sab De Cv)

Maximum number of Loans. (a) A The Borrower may not deliver a Utilisation Request if as a result of the proposed Utilisation: Loan: WTL/1019005126/Third Amended and Restated FA (i) more than 14 five Facility A Loans would be outstanding; or (ii) more than 6 Facility B Loans would be outstanding. (b) A Borrower may not request that a Term Loan be divided if, as a result of the proposed division, more than 6 Term Loans would be outstanding. (c) Any Loan made by a single Lender under Clause 6.2 (Unavailability of a currency) shall not be taken into account in this Clause 4.4.;

Appears in 1 contract

Sources: Third Amendment and Restatement Agreement (Las Vegas Sands Corp)

Maximum number of Loans. (a) A Borrower may not deliver a Utilisation Request if as a result of the proposed Utilisation: (i) 15 or more than 14 Facility A Loans would be outstanding; or (ii) 15 or more than 6 Facility B Loans would be outstanding. (b) A Borrower may not request that a Term Loan be divided if, as a result of the proposed division, more than 6 Term Loans would be outstanding. (c) Any Loan made by a single Lender under Clause 6.2 6.3 (Unavailability Change of a currency) shall not be taken into account in this Clause 4.44.5.

Appears in 1 contract

Sources: Facility Agreement (Legrand Holding Sa)

Maximum number of Loans. (a) A Borrower (or the Company on its behalf) may not deliver a Utilisation Request if as a result of the proposed UtilisationLoan: (i) more than 14 10 Revolving Facility A Loans would be outstanding; or (ii) more than 6 5 Uncommitted Accordion Facility B Loans would be outstanding. (b) A Borrower may not request that a Term Loan be divided if, as a result of the proposed division, more than 6 Term Loans would be outstandingNot used. (c) Any Loan made by a single Lender under Clause clause 6.2 (Unavailability of a currency) shall not be taken into account in this Clause clause 4.4.

Appears in 1 contract

Sources: Senior Facilities Agreement (Luxfer Holdings PLC)

Maximum number of Loans. (a) A The Borrower may not deliver a Utilisation Request if as a result of the proposed Utilisation: (i) Loan there would be more than 14 Facility A [***] Loans would be outstanding; or (ii) more than 6 Facility B Loans would be outstanding. (b) A The Borrower or the Company may not request that a Term Loan be divided if, as a result of the proposed division, more than 6 Term Loans the limits contained in paragraph (a) above would be outstandingexceeded. (c) Any Loan made by a single Lender under Clause 6.2 (Unavailability of a currencyCurrency) shall not be taken into account in this Clause 4.4.

Appears in 1 contract

Sources: Bridge Facility Agreement (Ses S.A.)

Maximum number of Loans. (a) A Subject to Clause 4.3 (Uncommitted Facility), a Borrower may not deliver a Utilisation Request Request: (i) in respect of the Revolving Facility if as a result of the proposed Utilisation: (i) Loan more than 14 Facility A 15 Loans would be outstandingoutstanding under the Revolving Facility; orand (ii) more than 6 in respect of the Uncommitted Facility B Loans would be outstanding. (b) A Borrower may not request that a Term Loan be divided if, if as a result of the proposed division, Loan more than 6 Term 15 Loans would be outstandingoutstanding under the Uncommitted Facility. (cb) Any Separate Loan made by a single Lender under Clause 6.2 (Unavailability of a currency) shall not be taken into account in this Clause 4.4.. SECTION 3 UTILISATION

Appears in 1 contract

Sources: Amendment and Restatement Agreement (Alliance Data Systems Corp)

Maximum number of Loans. (a) A Borrower may not deliver a Utilisation Request if as a result of the proposed UtilisationUtilisation more than: (i) more than 14 Facility A Loans would be outstanding20 Loans; or (ii) Loans in more than 6 Facility B Loans 5 different Optional Currencies, would be outstanding. (b) A Borrower may not request that a Term Loan be divided if, as a result of the proposed division, more than 6 Term Loans would be outstanding. (c) Any Loan made by a single Lender under Clause 6.2 (Unavailability of a currency) shall not be taken into account in this Clause 4.4.

Appears in 1 contract

Sources: Facility Agreement (Cookson Group PLC)

Maximum number of Loans. (a) A Borrower may not deliver Unless the Facility Agent agrees otherwise, a Utilisation Request may not be delivered if as a result of the proposed Utilisation: (i) Utilisation more than 14 15 Term Loans under each Term Facility A and 15 Revolving Facility Loans would be outstanding; or (iiincluding Swingline Loans) more than 6 Facility B Loans would be outstanding. (b) A Borrower may not request that a Term Loan be divided if, as a result of the proposed division, more than 6 Term Loans would be outstanding. (c) Any Loan made by a single Lender under Clause 6.2 11.2 (Unavailability of a currency) shall not be taken into account in this Clause 4.44.5 (Maximum number of Loans).

Appears in 1 contract

Sources: Amendment Agreement (BHP Billiton PLC)

Maximum number of Loans. (a) A Borrower may not deliver a Utilisation Request if as a result of the proposed Utilisation: (i) Utilisation more than 14 Facility A Loans would be outstanding; or (ii) more than 6 Facility B 20 Loans would be outstanding. (b) A Borrower may not request that a Term Loan be divided if, as a result of the proposed division, more than 6 20 Term Loans would be outstanding. (c) Any Loan made by a single Lender under Clause 6.2 (Unavailability of a currency) shall not be taken into account in this Clause 4.4.. A02583129/5.0/05 Feb 2003 Back to Contents

Appears in 1 contract

Sources: Facility Agreement (Six Continents PLC)

Maximum number of Loans. (a) A Borrower may not deliver a Utilisation Request if as a result of the proposed Utilisation: (i) six (6) or more than 14 Facility A Loans would be outstanding; (ii) six (6) or more Facility B Loans would be outstanding; or (iiiii) four (4) or more than 6 Facility B C Loans would be outstanding. (b) A Borrower may not request that a Term Loan be divided if, as a result of the proposed division, more than 6 Term Loans would be outstanding. (c) Any Loan made by a single Lender under Clause 6.2 (Unavailability of a currency) shall not be taken into account in this Clause 4.4.

Appears in 1 contract

Sources: Multicurrency Term and Revolving Facilities Agreement (Seawell LTD)