Selection of Interest Periods. (a) A Borrower (or the Company on behalf of a Borrower) may select an Interest Period for a Loan in the Utilisation Request for that Loan or (if the Loan has already been borrowed) in a Selection Notice. (b) Each Selection Notice for a Facility A Loan is irrevocable and must be delivered to the Agent by the Borrower (or the Company on behalf of a Borrower) to which that Facility A Loan was made not later than the Specified Time. (c) If a Borrower (or the Company) fails to deliver a Selection Notice to the Agent in accordance with paragraph (b) above, the relevant Interest Period will, subject to Clause 11.2 (Changes to Interest Periods), be three Months. (d) Subject to this Clause 11, a Borrower (or the Company) may select an Interest Period of three or six Months for a Facility A Loan or an Interest Period of one, three or six Months for a Facility B Loan or a Facility C Loan, or any other period agreed between the Company and the Agent (acting on the instructions of all the Lenders participating in the relevant Loan). In addition a Borrower (or the Company on its behalf) may select an Interest Period of less than one Month (in relation to Facility A), if necessary to ensure that there are sufficient Facility A Loans (with an aggregate Base Currency Amount equal to or greater than the Repayment Instalment) which have an Interest Period ending on a Facility A Repayment Date for the Borrowers to make the Repayment Instalment due on that date. (e) An Interest Period for a Loan shall not extend beyond the Termination Date applicable to its Facility. (f) Each Interest Period for a Facility A Loan shall start on the Utilisation Date or (if already made) on the last day of its preceding Interest Period. (g) Each Facility B Loan and Facility C Loan has one Interest Period only.
Appears in 4 contracts
Sources: Facility Agreement (Marine Harvest ASA), Facility Agreement (Marine Harvest ASA), Facility Agreement (Marine Harvest ASA)
Selection of Interest Periods. (a) A Borrower (or the Company on behalf of a Borrower) may select an Interest Period for a Loan in the Utilisation Request for that Loan or (if the Loan is a Term Facility Loan and has already been borrowed) in a Selection Notice.
(b) Each Selection Notice for a Term Facility A Loan is irrevocable and must be delivered to the Facility Agent by the Borrower (or the Company on behalf of a the Borrower) to which that Term Facility A Loan was made not later than the Specified Time.
(c) If a Borrower (or the Company) fails to deliver a Selection Notice to the Facility Agent in accordance with paragraph (b) above, the relevant Interest Period will, subject to Clause 11.2 will be the Interest Period selected in the most recently delivered Utilisation Request or Selection Notice (Changes to Interest Periods), be three Monthsas applicable) for the relevant Term Facility Loan.
(d) Subject to this Clause 1113, a Borrower (or the Company) may select an Interest Period of:
(i) in relation to a Revolving Facility, any number of three days from and including one day to and including 30 days or six Months for a Facility A Loan or an Interest Period of one, two, three or six Months for a Facility B Loan or a Facility C Loan, or any other period (subject to no minimum term) as agreed between the Company and the Facility Agent (acting on without seeking any further consent or instructions from the instructions of all the Lenders participating in the relevant LoanLenders). In addition a Borrower ; and
(or the Company on its behalfii) may select an Interest Period of less than one Month (in relation to a Term Facility, one, two, three or six Months or any other period (subject to no minimum term) as agreed between the Company and the Facility AAgent (without seeking any further consent or instructions from the Lenders), provided that any Interest Period that would otherwise end during the month preceding or extend beyond a repayment date relating to the Term Facility shall be of such duration that it shall end on that repayment date if necessary to ensure that there are sufficient Loans under the relevant Term Facility A Loans (with an aggregate Base Currency Amount equal to or greater than the Repayment Instalment) which have an Interest Period Periods ending on the relevant repayment date in a Facility A Repayment Date for the Borrowers sufficient aggregate amount to make the Repayment Instalment repayment due on that repayment date.
(e) An Interest Period for a Loan shall not extend beyond the Termination Date applicable to its FacilityDate.
(f) Each Interest Period for a Term Facility A Loan shall start on the Utilisation Date or (or, if already made) , on the last day of its preceding Interest Period.
(g) Each Revolving Facility B Loan and Facility C Loan has one Interest Period only.
Appears in 4 contracts
Sources: Super Senior Facilities Agreement (Liberty Global PLC), Senior Facilities Agreement (Liberty Global PLC), Amendment and Restatement Agreement (Liberty Global PLC)
Selection of Interest Periods. (a) A The Borrower (or the Company on behalf of a Borrower) may select an Interest Period for a Loan in the Utilisation Request for that Loan or (if the Loan has already been borrowed or in the case of a LC Loan deemed borrowed) in a Selection Notice.
(b) Each Selection Notice for a Facility A Loan is irrevocable and must be delivered to the Facility Agent by the Borrower (or the Company on behalf of a Borrower) to which that Facility A Loan was made not later than 11:00 a.m. four (4) Business Days before the Specified Timelast day of the then current Interest Period.
(c) If a the Borrower (or the Company) fails to deliver a Selection Notice to the Facility Agent (in accordance with paragraph clause (b) above, or otherwise) the relevant Interest Period will, subject to Clause 11.2 (Changes to Interest Periods)clause 11.1(h) below, be three Months(3) months.
(d) Subject to this Clause clause 11, a the Borrower (or the Company) may select an Interest interest Period of one or three months or six Months for a Facility A Loan or an Interest Period of one, three or six Months for a Facility B Loan or a Facility C Loan, or any such other period agreed between as the Company and Borrower may agree with the Facility Agent (acting on the instructions of all the Lenders participating in the relevant Loan). In addition a Borrower (or the Company on its behalf) may select an Interest Period of less than one Month (in relation from time to Facility A), if necessary to ensure that there are sufficient Facility A Loans (with an aggregate Base Currency Amount equal to or greater than the Repayment Instalment) which have an Interest Period ending on a Facility A Repayment Date for the Borrowers to make the Repayment Instalment due on that datetime.
(e) An No Interest Period for a Loan shall not extend beyond the Termination Date applicable to its Facilitythat Loan’s Final Maturity Date.
(f) Each Interest interest Period for a Facility A Loan shall start commence on the actual Utilisation Date or (if already made) on the last day of its preceding Interest PeriodPeriod or, in the case of a LC Loan, on the Due Date relating to that LC Loan.
(g) Each Facility B If a Loan and Facility C Loan has one is already outstanding under a Facility, then the first Interest Period onlyfor each subsequent Loan under that Facility must end on the last day of the current Interest Period for such outstanding Loan (the Current Interest Period) and on the last day of the Current Interest Period, the new Loan will be consolidated with all other borrowings outstanding in respect of that Facility so that together they form the Loan on the last day of the Interest Period. The next following Interest Period will then be applicable to the Loan in accordance with the terms of clause 11.3 (Consolidation of Loans) as a whole.
(h) No Interest Period for any Loan under a Facility shall overrun a Repayment Date relating to such Facility.
Appears in 3 contracts
Sources: Facility Agreement, Facility Agreement (Hoegh LNG Partners LP), Facility Agreement (Hoegh LNG Partners LP)
Selection of Interest Periods. (a) A The Borrower (or the Company on behalf of a Borrower) may select an Interest Period for a Loan in the Utilisation Request for that Loan or (if the Loan has already been borrowedin respect of a Term Loan) in a Selection Notice.
(b) Each Selection Notice for a Facility A Term Loan is irrevocable and must be delivered to the Agent by the Borrower (or the Company on behalf of a Borrower) to which that Facility A Loan was made not later than the Specified Time.
(c) If a the Borrower (or the Company) fails to deliver a Selection Notice to the Agent in accordance with paragraph (b) above, the relevant Interest Period will, subject to Clause 11.2 (Changes to Interest Periods), will be three Monthsone Month.
(d) Subject to this Clause 1110, a the Borrower (or the Company) may select an Interest Period of three 1, 2 or six 3 Months for a Facility A Loan or provided that an Interest Period of one, three or six Months for a Facility B Settlement Loan shall be 1 or a Facility C Loan, 2 weeks or any other such shorter period agreed between the Company Agent and the Agent (acting on the instructions of all the Lenders participating in the relevant Loan). In addition a Borrower (or the Company on its behalf) may select an Interest Period of less than one Month (in relation to Facility A), if necessary to ensure that there are sufficient Facility A Loans (with an aggregate Base Currency Amount equal to or greater than the Repayment Instalment) which have an Interest Period ending on a Facility A Repayment Date for the Borrowers to make the Repayment Instalment due on that dateBorrower.
(e) An Interest Period for a Loan shall not extend beyond the Final Termination Date applicable to its FacilityDate.
(f) Each Interest Period for a Facility A Term Loan shall start on the Utilisation Date last day of the Interest Period for the Revolving Loan from which it is converted pursuant to Clause 7.2 (Term Out Option) or (if already made) on the last day of its preceding Interest Period.
(g) Each Facility B Loan and Facility C A Revolving Loan has one Interest Period onlyonly (commencing on its Utilisation Date). Subject to the other provisions of this Clause, a Term Loan may have several successive Interest Periods.
(h) Prior to determining the interest rate for an Interest Period beginning before the Syndication Date, the Agent may shorten that Interest Period to a duration of 1 month (or such shorter duration as may be desirable to ensure that the Interest Period ends on a date on which rights and obligations under this Agreement are to be transferred to persons becoming Parties as a result of the syndication of the Facility).
Appears in 2 contracts
Sources: Credit Facility Agreement (Lafarge), Credit Facility Agreement (Lafarge)
Selection of Interest Periods. (a) A Borrower (or the Company on behalf of a Borrower) may select an Interest Period for a Loan in the Utilisation Request for that Loan or (if the Loan has already been borrowed) in a Selection Notice.
(b) Each Selection Notice for a Facility A Loan is irrevocable and must be delivered to the Agent by the Borrower (or the Company on behalf of a Borrower) to which that Facility A Loan was made not later than the Specified Time.
(c) If a Borrower (or the Company) fails to deliver a Selection Notice to the Agent in accordance with paragraph (b) above, the relevant Interest Period will, subject to Clause 11.2 13.2 (Changes to Interest Periods), be three Monthsone Month.
(d) Subject to this Clause 1113, a Borrower (or the Company) may select an Interest Period of three 1, 3 or six 6 Months for a Facility A Loan or an Interest Period of one, three or six Months for a Facility B Loan or a Facility C Loan, or any other period agreed between the Company and the Agent (acting on the instructions of all the Lenders participating in the relevant LoanFacility). In addition a Borrower (or the Company on its behalf) may select an Interest Period of less than one Month (in relation to Facility A), if necessary to ensure that there are sufficient Facility A Loans (with an aggregate Base Currency Amount equal to or greater than the Repayment Instalment) which have an Interest Period ending on a Facility A Repayment Date for the Borrowers to make the Repayment Instalment due on that date.
(e) Prior to determining the interest rate for an Interest Period beginning before the Syndication Date, the Agent may shorten that Interest Period to a duration of one Month (or such shorter duration as may be desirable) to ensure that the Interest Period ends on a date on which rights and obligations under this Agreement are to be novated or assigned to persons becoming Parties as a result of Syndication.
(f) An Interest Period for a Loan shall not extend beyond the Termination Date applicable to its Facility.
(fg) Each Interest Period for a Facility A Loan shall start on the Utilisation Date or (if already made) on the last day of its preceding Interest Period.
(gh) Each A Facility B Loan and Facility C Loan has one Interest Period only.
Appears in 2 contracts
Sources: Amendment and Restatement Agreement (Rockwood Holdings, Inc.), Facility Agreement (Rockwood Specialties Group Inc)
Selection of Interest Periods. (a) A Borrower (or the Company on behalf of a Borrower) may select an Interest Period for a Loan in the Utilisation Request for that Loan or (if the Loan has already been borrowed) in a Selection Notice.
(b) Each Selection Notice for a Facility A Loan is irrevocable and must be delivered to the Agent by the Borrower (or the Company on behalf of a Borrower) to which that Facility A Loan was made not later than the Specified Time.
(c) If a Borrower (or the Company) fails to deliver a Selection Notice to the Agent in accordance with paragraph (b) above, the relevant Interest Period will, subject to Clause 11.2 13.2 (Changes to Interest Periods), be three Monthsone Month.
(d) Subject to this Clause 1113, a Borrower (or the Company) may select an Interest Period of three 1, 3 or six 6 Months for a Facility A Loan or an Interest Period of one, three or six Months for a Facility B Loan or a Facility C Loan, or any other period agreed between the Company and the Agent (acting on the instructions of all the Lenders participating in the relevant LoanFacility). In addition a Borrower (or the Company on its behalf) may select an Interest Period of less than one Month (in relation to Facility A), if necessary to ensure that there are sufficient Facility A Loans (with an aggregate Base Currency Amount equal to or greater than the Repayment Instalment) which have an Interest Period ending on a Facility A Repayment Date for the Borrowers to make the Repayment Instalment due on that date.
(e) Prior to determining the interest rate for an Interest Period beginning before the Syndication Date, the Agent may shorten that Interest Period to a duration of one Month (or such shorter duration as may be desirable) to ensure that the Interest Period ends on a date on which rights and obligations under this Agreement are to be novated or assigned to persons becoming Parties as a result of Syndication.
(f) An Interest Period for a Loan shall not extend beyond the Termination Date applicable to its Facility.
(f) Each Interest Period for a Facility A Loan shall start on the Utilisation Date or (if already made) on the last day of its preceding Interest Period.
(g) Each Facility B Loan and Facility C Loan has one Interest Period only.
Appears in 2 contracts
Sources: Facility Agreement (Rockwood Specialties Group Inc), Facility Agreement (Rockwood Specialties Group Inc)
Selection of Interest Periods. (a) A The Borrower (or the Company on behalf of a Borrower) may select an Interest Period for a Loan in the Utilisation Request for that Loan or (if the Loan has already been borrowed) in a Selection Notice.
(b) Each Selection Notice for a Facility A Term Loan is irrevocable and must be delivered to the Agent by the Borrower (or the Company on behalf of a Borrower) to which that Facility A Loan was made not later than the Specified Time.
(c) If a the Borrower (or the Company) fails to deliver a Selection Notice to the Agent in accordance with paragraph (b) above, the relevant Interest Period will, subject to Clause 11.2 10.2 (Changes to Interest Periods), be three Monthsbe:
(i) (if the Loan is not a Compounded Rate Loan) one Month; or
(ii) (if the Loan is a Compounded Rate Loan) the period specified in the applicable Compounded Rate Terms.
(d) Subject to this Clause 1110, a the Borrower (or the Company) may select an Interest Period of three or six Months for of:
(i) (if the Loan is not a Facility A Loan or an Interest Period of Compounded Rate Loan) one, two, three or six Months for Month(s); or
(ii) (if the Loan is a Facility B Loan or a Facility C Compounded Rate Loan) any period specified in the applicable Compounded Rate Terms, or or, in either case, of any other period agreed between the Company Borrower and the Agent (acting on the instructions of all the Lenders participating in the relevant Loan). In addition a addition, the Borrower may:
(or A) select an Interest Period of less than two Months for any Facility A Loan, Facility B Loan, Facility C Loan and/or Facility D Loan in connection with any refinancing thereof provided that that Loan shall be wholly repaid and any related Commitment wholly cancelled on the Company on its behalflast day of that Interest Period;
(B) may (in relation to Facility A) select an Interest Period of less than one Month (in relation to Facility A)Month, if necessary to ensure that there are sufficient Facility A Loans (with an aggregate Base Currency Amount amount equal to or greater than the Facility A Repayment Instalment) which have an Interest Period ending on a Facility A Repayment Date for the Borrowers Borrower to make the Facility A Repayment Instalment due on that date;
(C) (in relation to Facility B) select an Interest Period of less than one Month, if necessary to ensure that the Interest Periods of two or more Facility B Loans will end on the same date;
(D) (in relation to Facility C) select an Interest Period of less than one Month, if necessary to ensure that there are sufficient Facility C Loans (with an aggregate amount equal to or greater than the relevant repayment instalment in respect of Facility C) which have an Interest Period ending on a scheduled repayment date applicable to Facility C for the Borrower to make that repayment instalment due on that date; or
(E) (in relation to Facility D) select an Interest Period of less than one Month, if necessary to ensure that there are sufficient Facility D Loans (with an aggregate amount equal to or greater than the Facility D Repayment Instalment) which have an Interest Period ending on a Facility D Repayment Date for the Borrower to make the Facility D Repayment Instalment due on that date.
(e) An Interest Period for a Facility A Loan shall not extend beyond the Facility A Termination Date applicable to Date. An Interest Period for a Facility B Loan shall not extend beyond the Facility B Termination Date. An Interest Period for a Facility C Loan shall not extend beyond its Facilityscheduled final maturity date and/or the Facility C Longstop Termination Date. An Interest Period for a Facility D Loan shall not extend beyond the Facility D Termination Date.
(f) Each Interest Period for a Facility A Term Loan shall start on the Utilisation Date or (if a Term Loan has already been made) on the last day of its the preceding Interest PeriodPeriod of such Loan.
(g) Each A Facility B Loan and Facility C Loan has one Interest Period only.
Appears in 1 contract
Selection of Interest Periods. (a) A The Borrower (or the Company on behalf of a Borrower) may select an Interest Period for a Loan in the Utilisation Request for that Loan or (if the Loan has already been borrowed) in a Selection Notice.
(b) Each Selection Notice for a Facility A Loan is irrevocable and must be delivered to the Agent by the Borrower (or the Company on behalf of a Borrower) to which that Facility A Loan was made not later than the Specified Time.
(c) If a the Borrower (or the Company) fails to deliver a Selection Notice to the Agent in accordance with paragraph (b) above, the relevant Interest Period will, subject to Clause 11.2 (Changes to Interest Periods)8, be three Monthsone Month.
(d) Subject to this Clause 119, a the Borrower (or the Company) may select an Interest Period of three or six Months for a Facility A Loan or an Interest Period of one, three or six Months for a Facility B Loan or a Facility C Loan, or any other period agreed between the Company Borrower and the Agent (acting on the instructions of all the Lenders participating in the relevant LoanLenders). In addition a addition, the Borrower (or the Company on its behalf) may select an Interest Period of, in relation to Facility A or, as the case may be, Facility B a period of less than one Month (in relation to Facility A)Month, if necessary to ensure that there are sufficient Facility A Loans (with an aggregate Base Currency Amount equal to or greater than the Repayment Instalment) which have an such Interest Period ending will end on a Facility A Repayment Date for as determined in accordance with Clause 6.1 or, as the Borrowers to make the case may be, a Facility B Repayment Instalment due on that dateDate as determined in accordance with Clause 6.2.
(e) An Subject to Clause (g), an Interest Period for a Loan shall not extend beyond the Termination Maturity Date applicable to its Facilityor beyond the next Cash Sweep Date.
(f) Each The first Interest Period for a Facility A Loan shall start on the Utilisation Date or (if already made) date such Loan is made and for all succeeding Interest Periods shall start on the last day of its preceding Interest Period.
(g) Each Facility B Loan and Facility C Loan has one The Borrower may only select an Interest Period onlyfor a Loan which extends beyond a Cash Sweep Date if, on or prior to each Cash Sweep Date period falling during such Interest Period, the Borrower has deposited (and the Borrower hereby undertakes to deposit) with the Security Trustee in a blocked account (denominated in Dollars) other than a Project Account and which is subject to a lien in favour of the Lenders, an amount not less than the aggregate interest accrued on such Loan during such Interest Period up to and including such Cash Sweep Date. The Borrower agrees that funds may only be withdrawn from such account to make payments of interest on such Loan.
Appears in 1 contract
Sources: Wassa Project Facility Agreement (Golden Star Resources LTD)
Selection of Interest Periods. (a) A Borrower (or the Company on behalf of a Borrower) may select an Interest Period for a Loan in the Utilisation Request for that Loan or (if the Loan is a Term Loan and has already been borrowed) in a Selection Notice.
(b) Each Selection Notice for a Facility A Term Loan is irrevocable and must be delivered to the Agent by the Borrower (or the Company on behalf of a Borrower) to which that Facility A Term Loan was made not later than the Specified Time.
(c) If a Borrower (or the CompanyCompany on behalf of a Borrower) fails to deliver a Selection Notice to the Agent in accordance with paragraph (b) above, the relevant Interest Period will, subject to Clause 11.2 14.2 (Changes to Interest Periods), be three Monthsone Month.
(d) Subject to this Clause 1114, a Borrower (or the CompanyCompany on behalf of a Borrower) may select an Interest Period of three or six Months for a Facility A Loan or an Interest Period of one, two, three or six Months for a Facility B Loan or a Facility C Loan, or any other period agreed between the Company and the Agent (acting on the instructions of all the Lenders participating in the relevant LoanLenders). In addition a Borrower (or the Company on its behalf) may select an Interest Period of less than one Month (in relation to Facility A)C) less than one Month, if necessary to ensure that there are sufficient Facility A C Loans (with an aggregate Base Currency Amount equal to or greater than the Repayment Instalment) which have an Interest Period ending on a Facility A C Repayment Date for the Borrowers to make the Facility C Repayment Instalment due on that date.
(e) An Interest Period for a Loan shall not extend beyond the Termination Date applicable to its Facility.
(f) Each Interest Period for a Facility A Term Loan shall start on the Utilisation Date or (if already made) on the last day of its preceding Interest Period.
(g) Each A Revolving Facility B Loan and Facility C Loan has one Interest Period only.
(h) Prior to the Syndication Date, Interest Periods shall be one Month or such other period as the Agent and the Borrower (or the Company on its behalf) may agree and any Interest Period which would otherwise end during the Month preceding or extend beyond the Syndication Date shall end on the Syndication Date. Table of Contents
Appears in 1 contract
Selection of Interest Periods. (a) A Borrower (or the Company on behalf of a Borrower) The Borrowers may select an the Interest Period for a Loan Tranche in the relevant Utilisation Request for that Loan or Request. Subject to paragraph (if f) below and Clause 9.2 (Changes to Interest Periods), the Borrowers may select each subsequent Interest Period in respect of the Loan has already been borrowed) in a Selection Notice.
(b) Each Selection Notice for a Facility A Loan is irrevocable and must be delivered to the Facility Agent by the Borrower (or the Company on behalf of a Borrower) to which that Facility A Loan was made Borrowers not later than the Specified Time.
(c) If a Borrower (the Borrowers fail to select an Interest Period in the Utilisation Request or the Company) fails to deliver a Selection Notice to the Facility Agent in accordance with paragraph paragraphs (a) and (b) above, the relevant Interest Period will, subject to paragraph (f) below and Clause 11.2 9.2 (Changes to Interest Periods), be three Monthsthe period specified in the Reference Rate Terms.
(d) Subject to this Clause 119 (Interest Periods), a Borrower (or the Company) Borrowers may select an Interest Period of three any period specified in the Reference Rate Terms or six Months any other period for a Facility A Loan or an Interest Period the purpose of one, three or six Months alignment of the Repayment Instalments for a Facility B Loan or a Facility C Loan, the purposes of paragraph (b) of Clause 6.2 (Repayment Dates) or any other period agreed between the Company and Borrowers, the Facility Agent (acting on the instructions of all the Lenders participating in the relevant Loan). In addition a Borrower (or the Company on its behalfLenders) may select an Interest Period of less than one Month (in relation to Facility A), if necessary to ensure that there are sufficient Facility A Loans (with an aggregate Base Currency Amount equal to or greater than the Repayment Instalment) which have an Interest Period ending on a Facility A Repayment Date for the Borrowers to make the Repayment Instalment due on that dateand Sinosure.
(e) An Interest Period for a in respect of the Loan or any part of the Loan shall not extend beyond the Termination Date applicable to its FacilityDate.
(f) Each In respect of a Repayment Instalment, the Borrowers may request in the relevant Selection Notice that an Interest Period for a Facility A part of the Loan equal to such Repayment Instalment shall end on the Repayment Date relating to it and, subject to paragraph (d) above, select a longer Interest Period for the remaining part of the Loan.
(g) The first Interest Period for the Loan shall start on the first Utilisation Date or (if already made) and each subsequent Interest Period shall start on the last day of its the preceding Interest Period.
(gh) Each Facility B Except for the purposes of paragraph (f) above and Clause 9.2 (Changes to Interest Periods), the Loan and Facility C Loan has shall have one Interest Period onlyonly at any time.
(i) No Interest Period shall be longer than three Months.
Appears in 1 contract
Selection of Interest Periods. (a) A The Borrower (or the Company on behalf of a Borrower) may select an Interest Period for a Loan in the Utilisation Request for that Loan or (if the Loan has already been borrowed) in a Selection Notice.
(b) Each Selection Notice for a Facility A Term Loan is irrevocable and must be delivered to the Agent by the Borrower (or the Company on behalf of a Borrower) to which that Facility A Loan was made not later than the Specified Time.
(c) If a the Borrower (or the Company) fails to deliver a Selection Notice to the Agent in accordance with paragraph (b) above, the relevant Interest Period will, subject to Clause 11.2 10.2 (Changes to Interest Periods), be three Monthsone Month.
(d) Subject to this Clause 1110, a the Borrower (or the Company) may select an Interest Period of three or six Months for a Facility A Loan or an Interest Period of one, two, three or six Months for a Facility B Loan or a Facility C Loan, or any other period agreed between the Company Borrower and the Agent (acting on the instructions of all the Lenders participating in the relevant Loan). In addition a addition, the Borrower may:
(or i) select an Interest Period of less than two Months:
(A) for the Company first Facility A Loan, the first Facility B Loan and/or the first Facility C Loan; and/or
(B) for any Facility A Loan, Facility B Loan and/or Facility C Loan in connection with any refinancing thereof provided that that Loan shall be wholly repaid and any related Commitment wholly cancelled on its behalfthe last day of that Interest Period;
(ii) may (in relation to Facility A) select an Interest Period of less than one Month (in relation to Facility A)Month, if necessary to ensure that there are sufficient Facility A Loans (with an aggregate Base Currency Amount amount equal to or greater than the Facility A Repayment Instalment) which have an Interest Period ending on a Facility A Repayment Date for the Borrowers Borrower to make the Facility A Repayment Instalment due on that date; or
(iii) (in relation to Facility B) select an Interest Period of less than one Month, if necessary to ensure that the Interest Periods of two or more Facility B Loans will end on the same date; or
(iv) (in relation to Facility C) select an Interest Period of less than one Month, if necessary to ensure that there are sufficient Facility C Loans (with an aggregate amount equal to or greater than the relevant repayment instalment in respect of Facility C) which have an Interest Period ending on a scheduled repayment date applicable to Facility C for the Borrower to make that repayment instalment due on that date.
(e) An Interest Period for a Facility A Loan shall not extend beyond the Facility A Termination Date applicable to Date. An Interest Period for a Facility B Loan shall not extend beyond the Facility B Termination Date. An Interest Period for a Facility C Loan shall not extend beyond its Facilityscheduled final maturity date and/or the Facility C Longstop Termination Date.
(f) Each Interest Period for a Facility A Term Loan shall start on the Utilisation Date or (if a Term Loan has already been made) on the last day of its the preceding Interest PeriodPeriod of such Loan.
(g) Each A Facility B Loan and Facility C Loan has one Interest Period only.
Appears in 1 contract
Sources: Second Amendment and Restatement Agreement (Las Vegas Sands Corp)
Selection of Interest Periods. (a) A Borrower (or the Company on behalf of a Borrower) may select an Interest Period for a Loan and a term for a Letter of Credit or Bank Guarantee in the Utilisation Request for that Loan Loan, Letter of Credit or Bank Guarantee (as the case may be) or (if the for a Term Loan has already been borrowed) in a Selection Notice.
(b) Each Selection Notice for a Facility A Term Loan is irrevocable and must be delivered to the Agent by the relevant Borrower (or the Company on behalf of a Borrower) to which that Facility A Loan was made not later than the Specified Time.
(c) If a Borrower (or the Company) fails to deliver a Selection Notice to the Agent in accordance with paragraph (b) above, the relevant Interest Period will, subject to Clause 11.2 12.2 (Changes to Interest PeriodsCHANGES TO INTEREST PERIODS), be three Monthsone Month.
(d) Subject to this Clause 1112, a Borrower (or the Company) may select an Interest Period of three one, two, three, five or six Months for a Facility A Loan or an Interest Period of one, three or six Months for a Facility B Loan or a Facility C Loan, or any other period agreed between the Company and the Agent (acting on the instructions of all the Lenders participating in the relevant LoanMajority Lenders). In addition addition, a relevant Borrower (or the Company on its behalf) may select an Interest Period of less than one Month (in relation to Facility A), if necessary to ensure that there are sufficient Facility A A1 Loans and/or Facility A2 Loans, as the case may be (with an aggregate Base Currency Amount equal to or greater than the relevant Repayment Instalment) which have an Interest Period ending on a Facility A Repayment Date Date, for the Borrowers relevant Borrower to make the Repayment Instalment due on that date.
(e) An Interest Period for a Loan shall not extend beyond the Termination Date applicable to its Facility.
(f) Each Interest Period for a Facility A Loan shall start on the Utilisation Date or (if already made) on the last day of its preceding Interest Period.
(g) Each Facility B Loan and Facility C Loan has one Interest Period only.
Appears in 1 contract
Selection of Interest Periods. (a) A 9.1.1 The Borrower (or the Company on behalf of a Borrower) may select an Interest Period for a Loan in the Utilisation Request for that Loan or (if the Loan has already been borrowed) in a Selection Notice.
(b) 9.1.2 Each Selection Notice for a Facility A Loan is irrevocable and must be delivered to the Agent by the Borrower (or the Company on behalf of a Borrower) to which that Facility A Loan was made not later than the Specified Time.
(c) 9.1.3 If a the Borrower (or the Company) fails to deliver a Selection Notice to the Agent in accordance with paragraph (b) Clause 9.1.2 above, the relevant Interest Period will, subject to Clause 11.2 (Changes to Interest Periods), will be three Monthsone Month.
(d) 9.1.4 Subject to this Clause 119, a the Borrower (or the Company) may select an Interest Period of three 1, 2, 3 or six 6 Months for a Facility A Loan or an Interest Period of one, three or six Months for a Facility B Loan or a Facility C Loan, or any other period agreed between the Company Borrower and the Agent (acting on the instructions of all the Lenders participating in the relevant LoanLenders). In addition a the Borrower (or the Company on its behalf) may select an Interest Period in relation to Facility A of less than one Month (in relation to Facility A)Month, if necessary to ensure that there are sufficient Facility A Loans (with an aggregate Base Currency Amount amount equal to or greater than the percentage of Facility A Loans required to be repaid pursuant to Clause 6.1.1 (Repayment of Facility A Loans) on the next Facility A Repayment Date to occur (a Repayment Instalment)) which have an Interest Period ending on a Facility A Repayment Date for the Borrowers Borrower to make the Repayment Instalment repayment due on that date.
(e) 9.1.5 An Interest Period for a Loan shall not extend beyond the Termination Date applicable to its FacilityFinal Repayment Date.
(f) 9.1.6 Each Interest Period for a Facility A Loan shall start on the Utilisation Date or (if already made) on the last day of its preceding Interest Period.
(g) Each 9.1.7 A Facility B Loan and Facility C Loan has one Interest Period only.
9.1.8 At any time prior to the earlier of: (i) the date on which the Agent notifies the Borrower and the other Finance Parties that Syndication has been completed; and (ii) three Months after the first Utilisation Date, the Borrower may only select Interest Periods of one Month’s duration. The Transfer Date of any transfer of a Loan being effected as part of Syndication may only be the last day of the then current Interest Period in relation that Loan.
Appears in 1 contract
Sources: Term and Revolving Facilities Agreement (Cellcom Israel Ltd.)
Selection of Interest Periods. (a) A Borrower (or the Company on behalf of a Borrower) may select an Interest Period for a Loan in the Utilisation Request for that Loan or (if the Loan is a Term Loan or Revolving Capex Loan and has already been borrowed) in a Selection Notice.
(b) Each Selection Notice for a Facility A Loan is irrevocable and must be delivered to the Facility Agent by the Borrower (or the Company on behalf of a the Borrower) to which that Facility A Term Loan or Revolving Capex Loan was made not later than the Specified Time.
(c) If a Borrower (or the Company) fails to deliver a Selection Notice to the Facility Agent in accordance with paragraph (b) above, the relevant Interest Period will, subject to Clause 11.2 13.2 (Changes to Interest Periods), be three Monthsone Month.
(d) Subject to this Clause 1113, a Borrower (or the Company) may select an Interest Period of three or six Months for a Facility A Loan or an Interest Period of one, two, three or six 6 Months for a Facility B Loan or a Facility C Loan, (or any other period shorter than 6 months as agreed between the Company and the Agent (acting on Facility Agent) or any other period longer than 6 months as agreed between the instructions of Company and all the Lenders participating in the relevant that Loan). In addition a Borrower (or the Company on its behalf) may select an Interest Period of less than one Month (in relation to Facility A)Month, if necessary to ensure that that:
(i) there are sufficient Facility A Loans (with an aggregate Base Currency Amount equal to or greater than or, as the Repayment Instalment) case may be, Revolving Capex Loans which have an Interest Period ending on a Facility A Repayment Date or, as the case may be, Revolving Capex Repayment Date for the Borrowers to make payment of the Facility A Repayment Instalment or, as the case may be, Revolving Capex Repayment Instalments due on that date; or
(ii) there are sufficient Term Loans which have an Interest Period ending on the date of any Debt Pushdown for the Company to repay the Term Loans due to be repaid on such date or, in the case of Cash Bridge Facility A Loans, the date upon which they may be redesignated.
(e) An Interest Period for a Loan shall not extend beyond the Termination Date applicable to its Facility.
(f) Each Interest Period for a Facility A Term Loan or a Revolving Capex Loan shall start on the Utilisation Date or (if a Loan has already been made) on the last day of its preceding Interest Period.
(g) Each A Revolving Facility B Loan and Facility C Loan has one Interest Period only.
(h) Prior to the Syndication Date, Interest Periods shall be one month or such other period as the Facility Agent and the Company may agree and any Interest Period which would otherwise end during the month preceding or extend beyond the Syndication Date shall end on the Syndication Date.
Appears in 1 contract
Sources: Senior Facilities Agreement (Nordic Telephone CO ApS)
Selection of Interest Periods. (a) A Borrower (or the Company on behalf of a Borrower) may select an Interest Period for a Loan in the Utilisation Request for that Loan or (if the Loan is a Term Loan and has already been borrowed) in a Selection Notice.
(b) Each Selection Notice for a Facility A Term Loan is irrevocable and must be delivered to the Facility Agent by the Borrower (or the Company on behalf of a the Borrower) to which that Facility A Term Loan was made not later than the Specified Time.
(c) If a Borrower (or the Company) fails to deliver a Selection Notice to the Agent in accordance with paragraph (b) above, the relevant Interest Period will, subject to Clause 11.2 will be the Interest Period selected in the most recently delivered Utilisation Request or Selection Notice (Changes to Interest Periods), be three Monthsas applicable) for the relevant Term Loan.
(d) Subject to this Clause 1113, a Borrower (or the Company) may select an Interest Period of:
(i) in relation to a Revolving Facility, any number of three days from and including one day to and including 30 days or six Months for a Facility A Loan or an Interest Period of one, two, three or six Months for a Facility B Loan or a Facility C Loan, or any other period (subject to no minimum term) as agreed between the Company and the Facility Agent (acting on without seeking any further consent or instructions from the instructions of all the Lenders participating in the relevant LoanLenders). In addition a Borrower ; and
(or the Company on its behalfii) may select an Interest Period of less than one Month (in relation to a Term Facility, one, two, three or six Months or any other period (subject to no minimum term) as agreed between the Company and the Facility AAgent (without seeking any further 68 63529049_1 consent or instructions from the Lenders), provided that any Interest Period that would otherwise end during the month preceding or extend beyond a repayment date relating to the Term Facility shall be of such duration that it shall end on that repayment date if necessary to ensure that there are sufficient Loans under the relevant Term Facility A Loans (with an aggregate Base Currency Amount equal to or greater than the Repayment Instalment) which have an Interest Period Periods ending on the relevant repayment date in a Facility A Repayment Date for the Borrowers sufficient aggregate amount to make the Repayment Instalment repayment due on that repayment date.
(e) An Interest Period for a Loan shall not extend beyond the Termination Date applicable to its FacilityDate.
(f) Each Interest Period for a Facility A Term Loan shall start on the Utilisation Date or (or, if already made) , on the last day of its preceding Interest Period.
(g) Each Revolving Facility B Loan and Facility C Loan has one Interest Period only.
Appears in 1 contract
Sources: Additional Facility Accession Agreement (Liberty Global PLC)
Selection of Interest Periods. (a) A Borrower (or the Company Parent on behalf of a Borrower) may select an Interest Period for a Loan in the Utilisation Request for that Loan or (if the Loan has already been borrowed) in a Selection Notice.
(b) Each Selection Notice for a Facility A Term Loan is irrevocable and must be delivered to the Agent by the Borrower (or the Company Parent on behalf of a Borrower) to which that Facility A Term Loan was made not later than the Specified Time.
(c) If a Borrower (or the CompanyParent) fails to deliver a Selection Notice to the Agent in accordance with paragraph (b) above, the relevant Interest Period will, subject to Clause 11.2 13.2 (Changes to Interest Periods), be three Months.
(d) Subject to this Clause 1113, a Borrower (or the CompanyParent) may select an Interest Period of three 3 or six 6 Months for a Facility A Loan or an Interest Period of one, three or six Months for a Facility B Loan or a Facility C Loan, or any other period agreed between the Company Parent and the Agent (acting on the instructions of all the Lenders participating in the relevant LoanFacility). In addition a Borrower (or the Company Parent on its behalf) may select an Interest Period of less than one Month three Months (in relation to Facility A), if necessary to ensure that there are sufficient Facility A Loans (with an aggregate Base Currency Amount equal to or greater than the Facility A Repayment Instalment) which have an Interest Period ending on a Facility A Repayment Date for the Borrowers to make the Facility A Repayment Instalment due on that date.
(e) Prior to determining the interest rate for an Interest Period beginning before the Syndication Date, the Agent may shorten that Interest Period to a duration of one Month (or such shorter duration as may be desirable) to ensure that the Interest Period ends on a date on which rights and obligations under this Agreement are to be novated or assigned to persons becoming Parties as a result of Syndication.
(f) An Interest Period for a Loan shall not extend beyond the Termination Date applicable to its FacilityDate.
(fg) Each Interest Period for a Facility A Term Loan shall start on the Utilisation Date or (if already made) on the last day of its preceding Interest Period.
(gh) Each A Revolving Credit Facility B Loan and Facility C Loan has one Interest Period only.
Appears in 1 contract
Selection of Interest Periods. (a) A Borrower (or must select the Company on behalf of a Borrower) may select an initial Interest Period for which is to apply to a Loan Funding Portion in the Utilisation Request Funding Notice delivered for that Loan or (if the Loan has already been borrowed) in a Selection NoticeFunding Portion.
(b) Each A Borrower may select a subsequent Interest Period which is to apply to a Funding Portion in a Selection Notice delivered for a Facility A Loan is irrevocable and must be delivered to the Agent by the Borrower (or the Company on behalf of a Borrower) to which that Facility A Loan was made not later than the Specified TimeFunding Portion.
(c) If a Borrower Each Interest Period must:
(1) until Successful Syndication, be of 1 week (or such other period as the Company) fails to deliver a Selection Notice Borrowers and the Joint Lead Arrangers may agreed having regard to the Agent in accordance with paragraph anticipated date of Successful Syndication and provided that, until Successful Syndication occurs, all Interest Periods for all outstanding Funding Portions must end on the same date); and
(b2) above, the relevant Interest Period will, subject to Clause 11.2 (Changes to Interest Periods)thereafter, be three Months.
(d) Subject to this Clause 11of 1, a Borrower (2, 3 or the Company) may select an Interest Period of three or six Months for a Facility A Loan or an Interest Period of one, three or six Months for a Facility B Loan or a Facility C Loan, 6 months or any other period agreed between the Company Borrower and the Senior Agent (acting on the instructions of the Majority Financiers if less than 6 months, or all the Lenders participating in Financiers (other than a Retired Financier), if more) for the relevant Loan). In addition a Borrower Funding Portion.
(or the Company on its behalfd) may select If an Interest Period of less than one Month (ends on a day which is not a Business Day, it is regarded as ending on the next Business Day in relation to Facility A)the same calendar month or, if necessary to ensure that there are sufficient Facility A Loans (with an aggregate Base Currency Amount equal to or greater than none, the Repayment Instalment) which have an Interest Period ending on a Facility A Repayment Date for the Borrowers to make the Repayment Instalment due on that datepreceding Business Day.
(e) An Interest Period for a Loan shall not extend beyond Funding Portion commences either on the Termination first Funding Date applicable to its Facilityfor that Funding Portion or on the last day of the immediately preceding Interest Period for that Funding Portion.
(f) Each No Interest Period for a Facility A Loan shall start on may end after the Utilisation Date or (if already made) on the last day of its preceding Interest PeriodTermination Date.
(g) Each Facility B Loan and Facility C Loan has one If a Borrower:
(1) fails to select an Interest Period onlyfor a Funding Portion under clause 4.6(a) or clause 4.6(b); or
(2) selects an Interest Period in a manner which does not comply with this clause 4.6, then that Interest Period will be, subject to clauses 4.6(d), (e) and (f), 1 month.
Appears in 1 contract
Sources: Syndicated Multi Currency Senior Facilities Agreement (Worldwide Restaurant Concepts Inc)
Selection of Interest Periods. (a) A Borrower (or the The Company on behalf of a Borrower) may select an Interest Period for a Loan in the Utilisation Request for that Loan or (if the Loan is a Term Facility Loan which has already been borrowed) in a Selection Notice.
(b) Each Selection Notice for a Term Facility A Loan is irrevocable and must be delivered to the Agent by the Borrower (or the Company on behalf of a Borrower) to which that Facility A Loan was made not later than 11.00 a.m. two (2) Business Days prior to the Specified TimeQuotation Date for that Interest Period.
(c) If a Borrower (or the Company) Company fails to deliver a Selection Notice to the Agent in accordance with paragraph (b) above, the relevant Interest Period will, subject to Clause 11.2 9.2 (Changes to Interest Periods), be three Monthsone Month.
(d) Subject to this Clause 119, a Borrower (or the Company) Company may select an Interest Period of three 1, 2, 3 or six 6 Months for a Facility A Loan or an Interest Period of one, three or six Months for a Facility B Loan or a Facility C Loan, or any other period agreed between the Company and the Agent (acting on the instructions of all the Lenders participating in relation to the relevant Loan). .
(e) In addition a Borrower (or in relation to Facility C the Company on its behalf) may select an Interest Period of less than one Month (in relation to Facility A)Month, if necessary to ensure that there are sufficient Facility A C Loans (with an aggregate Base Currency Amount amount equal to or greater than the applicable Facility C Repayment Instalment) which have an Interest Period ending on a Facility A C Repayment Date for the Borrowers Company to make the Facility C Repayment Instalment due on that date.
(ef) An Interest Period for a Loan shall not extend beyond the Termination Final Repayment Date applicable to its Facility.
(fg) Each Interest Period for a Term Facility A Loan shall start on the Utilisation Date or (if a Term Facility Loan has already been made) on the last day of its the preceding Interest PeriodPeriod of such Loan.
(gh) Each A Revolving Facility B Loan and Facility C Loan has one Interest Period onlyonly which shall start on the Utilisation Date of that Revolving Facility Loan.
Appears in 1 contract
Selection of Interest Periods. (a) A Borrower (or the Company on behalf of a Borrower) may select an Interest Period for a Loan in the Utilisation Request for that Loan or (if the Loan has already been borrowed) in a Selection Notice.
(b) Each Selection Notice for a Facility A Term Loan is irrevocable and must be delivered to the Agent by the Borrower (or the Company on behalf of a Borrower) to which that Facility A Term Loan was made not later than the Specified Time.
(c) If a Borrower (or the Company) fails to deliver a Selection Notice to the Agent in accordance with paragraph (b) above, the relevant Interest Period will, subject to Clause 11.2 13.2 (Changes to Interest Periods), be three Months1 Month.
(d) Subject to this Clause 1113, a Borrower (or the Company) may select an Interest Period of three 1, 2, 3 or six 6 Months for a Facility A Loan or an Interest Period of one, three or six Months for a Facility B Loan or a Facility C Loan, or any other period agreed between the Company and the Agent (acting on the instructions of all the Lenders participating in the relevant Loan). In addition addition, a Borrower (or the Company on its behalf) may select an Interest Period of less than one 1 Month (in relation to Facility A), Facility B, Facility C or the Capex Facility, if necessary necessary, to ensure that there are sufficient Facility A Loans, Facility B Loans, Facility C Loans or Capex Facility Loans (with an aggregate Base Currency Amount equal to or greater than the Repayment Instalmentas appropriate) which have an Interest Period ending on a Facility A Repayment Date, Facility B Repayment Date, Facility C Repayment Date or Capex Facility Repayment Date (as appropriate) for the Borrowers to make the Facility A Repayment Instalment, Facility B Repayment Instalment, Facility C Repayment Instalment or Capex Facility Repayment Instalment (as appropriate) due on that date.
(e) An For the purposes of determining the interest rate for an Interest Period for a Loan shall not extend beyond beginning before the Termination Date applicable to its Facility.
(f) Each Syndication Date, the Agent may shorten that Interest Period for to a Facility A Loan shall start on duration of 1 Month (or such other duration as may be agreed between the Utilisation Date or (if already made) on Mandated Lead Arrangers and the last day of its preceding Interest Period.
(g) Each Facility B Loan and Facility C Loan has one Company to ensure that the Interest Period onlyends on a date on which rights and obligations under this Agreement are to be novated to persons becoming Parties as a result of Syndication).
Appears in 1 contract
Selection of Interest Periods. (a) A Borrower (or the Company on behalf of a Borrower) may select an Interest Period for a Loan in the Utilisation Request for that Loan or (if the Loan has already been borrowed) in a Selection Notice.
(b) Each Selection Notice for a Facility A Term Loan is irrevocable and must be delivered to the Agent by the Borrower (or the Company on behalf of a Borrower) to which that Facility A Term Loan was made not later than the Specified Time.
(c) If a Borrower (or the Company) fails to deliver a Selection Notice to the Agent in accordance with paragraph (b) above, the relevant Interest Period will, subject to Clause 11.2 13.2 (Changes to Interest Periods), be three Months1 Month.
(d) Subject to this Clause 1113, a Borrower (or the Company) may select an Interest Period of three 1, 2, 3 or six 6 Months for a Facility A Loan or an Interest Period of one, three or six Months for a Facility B Loan or a Facility C Loan, or any other period agreed between the Company and the Agent (acting on the instructions of all the Lenders participating in the relevant Loan). In addition addition, a Borrower (or the Company on its behalf) may select an Interest Period of less than one 1 Month (in relation to Facility A), Facility B, Facility C or the Capex Facility, if necessary necessary, to ensure that there are sufficient Facility A Loans, Facility B Loans, Facility C Loans or Capex Facility Loans (with an aggregate Base Currency Amount equal to or greater than the Repayment Instalmentas appropriate) which have an Interest Period ending on a Facility A Repayment Date, Facility B Repayment Date, Facility C Repayment Date or Capex Facility Repayment Date (as appropriate) for the Borrowers to make the Facility A Repayment Instalment, Facility B Repayment Instalment, Facility C Repayment Instalment or Capex Facility Repayment Instalment (as appropriate) due on that date.
(e) For the purposes of determining the interest rate for an Interest Period beginning before the Syndication Date, the Agent may shorten that Interest Period to a duration of 1 Month (or such other duration as may be agreed between the Mandated Lead Arrangers and the Company to ensure that the Interest Period ends on a date on which rights and obligations under this Agreement are to be novated to persons becoming Parties as a result of Syndication).
(f) An Interest Period for a Loan shall not extend beyond the Termination Date applicable to its Facility.
(f) Each Interest Period for a Facility A Loan shall start on the Utilisation Date or (if already made) on the last day of its preceding Interest Period.
(g) Each Facility B Loan and Facility C Loan has one Interest Period only.
Appears in 1 contract
Selection of Interest Periods. (a) A Borrower (or the Company on behalf of a Borrower) may select an Interest Period for a Loan in the Utilisation Request for that Loan or (if the Loan is a Term Facility Loan which has already been borrowed) in a Selection Notice.
(b) Each Selection Notice for a Facility A Loan is irrevocable and must be delivered to the Agent by the Borrower (or the Company on behalf of a Borrower) to which that Term Facility A Loan was made not later than the Specified Time.
(c) If a Borrower (or the Company) fails to deliver a Selection Notice to the Agent in accordance with paragraph (ba) above, the relevant Interest Period will, subject to Clause 11.2 (Changes to Interest Periods), will be three Monthsone Month.
(d) Subject to this Clause 11, a Borrower (or the Company) may select an Interest Period of three or six Months for a Facility A Loan or an Interest Period of one, two, three or six Months for a Facility B Loan or a Facility C Loan, or any other period agreed between the Company and the Agent (acting on the instructions of all the Majority Lenders participating or, in the relevant Loan). In addition a Borrower (or the Company on its behalf) may select case of an Interest Period of less more than one Month (in relation to Facility Asix Months, all the Lenders under the relevant Facility), if necessary to ensure that there are sufficient Facility A Loans (with an aggregate Base Currency Amount equal to or greater than the Repayment Instalment) which have an Interest Period ending on a Facility A Repayment Date for the Borrowers to make the Repayment Instalment due on that date.
(e) An Interest Period for a Loan shall not extend beyond the Termination Date applicable to its FacilityDate.
(f) Each Interest Period for a Term Facility A Loan shall start on the Utilisation Date or (if already made) on the last day of its preceding Interest Period.
(g) Each A Revolving Facility B Loan and Facility C Loan has one Interest Period only.
(h) Prior to the Syndication Date, Interest Periods shall be one Month or such other periods as the Arrangers and the Company may agree and any Interest Period which would otherwise end during the month preceding or extend beyond the Syndication Date shall end on the Syndication Date.
Appears in 1 contract
Sources: Senior Term and Revolving Facilities Agreement (Melrose PLC)
Selection of Interest Periods. (a) 9.1.1 A Borrower (or the Company on behalf of a Borrower) may select an Interest Period for a Loan in the Utilisation Request for that Loan or (if the Loan has already been borrowed) in a Selection Notice.
(b) 9.1.2 Each Selection Notice for a Facility A Loan is irrevocable and must be delivered to the Agent by the Borrower (or the Company on behalf of a Borrower) to which that Facility A Loan was made not no later than 10.00am on the Specified Timefourth Business Day prior to the last day of the existing Interest Period for that Loan.
(c) 9.1.3 If a Borrower (or the Company) fails to deliver a Selection Notice to the Agent in accordance with paragraph (b) aboveClause 9.1.2, the relevant Interest Period will, subject to Clause 11.2 9.2 (Changes Change to Interest Periods), be three Monthsone Month.
(d) 9.1.4 Subject to this Clause 119 (Interest Periods), a Borrower (or the CompanyCompany on its behalf) may select an Interest Period of three or six Months for a Facility A Loan or an Interest Period of one, two, three or six Months for a Facility B Loan or a Facility C Loan, or any other period agreed between the Company and the Agent (acting on the instructions of all the Lenders participating in Lenders) provided that on and from the relevant Loan). Conversion Date, a Borrower may only select Interest Periods which have been approved by the Agent.
9.1.5 In addition addition, a Borrower (or the Company on its behalf) may select an Interest Period of less than one Month six Months which does not coincide with the periods specified in Clause 9.1.4 for the purpose of ensuring that (in relation to Facility A), if necessary to ensure a) the last day of such Interest Period coincides with a Reduction Date and (b) that there are sufficient Facility A Loans (with an aggregate Base Currency Amount amount equal to or greater than the Repayment Instalmentamount required to be repaid on such Reduction Date) which have an Interest Period ending on a Facility A Repayment such Reduction Date for the Borrowers to make the Repayment Instalment relevant repayment due on that datesuch Reduction Date.
(e) 9.1.6 An Interest Period for a Loan shall not extend beyond the Termination Final Maturity Date applicable to its Facilityand an Interest Period that commences before the Conversion Date must not extend beyond the Conversion Date.
(f) 9.1.7 Each Interest Period for a Facility A Loan shall start on the Utilisation Date or (if already made) on the last day of its preceding Interest Period.
(g) Each Facility B Loan and Facility C Loan has one Interest Period only.
Appears in 1 contract
Sources: Junior Facility Agreement (Endeavour International Corp)
Selection of Interest Periods. (a) A Borrower (or the Company on behalf of a Borrower) may select an Interest Period for a Loan in the Utilisation Request for that Loan or (if the Loan has already been borrowed) in a Selection Notice.
(b) Each Selection Notice for a Facility A Loan is irrevocable and must be delivered to the Agent by the Borrower (or the Company on behalf of a Borrower) to which that Facility A Loan was made not later than the Specified Time.
(c) If a Borrower (or the Company) fails to deliver a Selection Notice to the Agent in accordance with paragraph (b) above, the relevant Interest Period will, subject to Clause 11.2 12.2 (Changes to Interest Periods), be three Monthsthe period specified in the applicable Reference Rate Terms.
(d) Subject to this Clause 1112.1, a Borrower (or the Company) may select an Interest Period of three any period specified in the applicable Reference Rate Terms or six Months for a Facility A Loan or an Interest Period of one, three or six Months for a Facility B Loan or a Facility C Loan, or any other period agreed between the Company and Company, the Agent (acting on the instructions of and all the Lenders participating in relation to the relevant Loan). In addition a Borrower (or the Company on its behalf) may select an Interest Period of less than one Month (in relation to Facility A)) a period of less than one Month, if necessary to ensure that there are sufficient Facility A Loans (with an aggregate Base Currency Amount amount equal to or greater than the Repayment Instalment) which have an Interest Period ending on a Facility A Repayment Date for the Borrowers to make the Repayment Instalment due on that date.
(e) An Interest Period for a Loan shall not extend beyond the Termination Date applicable to its Facility.
(f) Each Interest Period for a Term Facility A Loan shall start on the Utilisation Date or (if already made) on the last day of its preceding Interest Period.
(g) Each A Revolving Facility B Loan and Facility C Loan has one Interest Period only.
(h) No Interest Period shall be longer than six Months.
Appears in 1 contract
Sources: Senior Facilities Agreement
Selection of Interest Periods. (a) A Borrower (or the Company on behalf of a Borrower) may select an Interest Period for a Loan in the Utilisation Request for that Loan or (if the Loan has already been borrowed) in a Selection Notice.
(b) Each Selection Notice for a Facility A Loan is irrevocable and must be delivered to the Agent by the Borrower (or the Company on behalf of a Borrower) to which that Facility A Loan was made not later than the Specified Time.
(c) If a Borrower (or the Company) fails to deliver a Selection Notice to the Agent in accordance with paragraph (b) above, the relevant Interest Period will, subject to Clause 11.2 20.2 (Changes to Interest Periods), be three Monthsone Month.
(d) Subject to this Clause 1120, a Borrower (or the Company) may select an Interest Period of three 1, 3 or six 6 Months for a Facility A Loan or an Interest Period of one, three or six Months for a Facility B Loan or a Facility C Loan, or any other period agreed between the Company and the Agent (acting on the instructions of all the Lenders participating in the relevant LoanFacility). In addition a Borrower (or the Company on its behalf) may select an Interest Period of less than one Month (in relation to Facility A), if necessary to ensure that there are sufficient Facility A Loans (with an aggregate Base Currency Amount equal to or greater than the Repayment Instalment) which have an Interest Period ending on a Facility A Repayment Date for the Borrowers to make the Repayment Instalment due on that date.
(e) Prior to determining the interest rate for an Interest Period beginning before the Syndication Date, the Agent may shorten that Interest Period to a duration of one Month (or such shorter duration as may be desirable) to ensure that the Interest Period ends on a date on which rights and obligations under this Agreement are to be novated or assigned to persons becoming Parties as a result of Syndication.
(f) An Interest Period for a Loan shall not extend beyond the Termination Date applicable to its Facility.
(fg) Each Interest Period for a Facility A Loan shall start on the Utilisation Date or (if already made) on the last day of its preceding Interest Period.
(gh) Each A Facility B Loan and Facility C Loan has one Interest Period only.
Appears in 1 contract
Sources: Amendment and Restatement Agreement (Rockwood Holdings, Inc.)
Selection of Interest Periods. (a) A Borrower (or the Company Obligors’ Agent on behalf of a Borrower) may select an Interest Period for a Loan in the Utilisation Request for that Loan or (if the Loan has already been borrowed) in a Selection Notice.
(b) Each Selection Notice for a Facility A Loan is irrevocable and must be delivered to the Agent by the Borrower (or the Company Obligors’ Agent on behalf of a Borrower) to which that Facility A Loan was made not later than the Specified Time.
(c) If a Borrower (or the CompanyObligors’ Agent) fails to deliver a Selection Notice to the Agent in accordance with paragraph (b) above, the relevant Interest Period will, subject to Clause 11.2 10.2 (Changes to Interest Periods), be three Months.
(d) Subject to this Clause 1110, a Borrower (or the CompanyObligors’ Agent) may select an Interest Period of three or six Months for a Facility A Loan or an Interest Period of one, three or six Months for a Facility B Loan or a Facility C Loan, or any other period agreed between the Company Obligors’ Agent and the Agent (acting on the instructions of all the Lenders participating in the relevant LoanLenders). In addition a Borrower (or the Company Obligors’ Agent on its behalf) may (in relation to Facility A) select an Interest Period of less than one Month (in relation to Facility A)Month, if necessary to ensure that there are sufficient Facility A Loans (with an aggregate Base Currency Amount equal to or greater than the Repayment Instalment) which have an Interest Period ending on a Facility A Repayment Date for the Borrowers to make the Repayment Instalment due on that date.
(e) An Interest Period for a Loan shall not extend beyond the Termination Date applicable to its Facility.
(f) Each Interest Period for a Facility A Loan shall start on the Utilisation Date or (if already made) on the last day of its preceding Interest Period.
(g) Each A Facility B Loan and Facility C Loan has one Interest Period only.
Appears in 1 contract
Sources: Facilities Agreement (Innospec Inc.)
Selection of Interest Periods. (a) A The Borrower (or the Company on behalf of a Borrower) may select an Interest Period for a Loan in the Utilisation Request for that Loan or (if the Loan has already been borrowed) in a Selection Notice.
(b) Each Selection Notice for a Facility A Term Loan is irrevocable and must be delivered to the Agent by the Borrower (or the Company on behalf of a Borrower) to which that Facility A Loan was made not later than the Specified Time.
(c) If a the Borrower (or the Company) fails to deliver a Selection Notice to the Agent in accordance with paragraph (b) above, the relevant Interest Period will, subject to Clause 11.2 10.2 (Changes to Interest Periods), be three Monthsone Month.
(d) Subject to this Clause 1110, a the Borrower (or the Company) may select an Interest Period of three or six Months for a Facility A Loan or an Interest Period of one, two, three or six Months for a Facility B Loan or a Facility C Loan, or any other period agreed between the Company Borrower and the Agent (acting on the instructions of all the Lenders participating in the relevant Loan). In addition a addition, the Borrower may:
(or i) select an Interest Period of less than two Months:
(A) for the Company first Facility A Loan, the first Facility B Loan and/or the first Facility C Loan; and/or
(B) for any Facility A Loan, Facility B Loan and/or Facility C Loan in connection with any refinancing thereof provided that that Loan shall be wholly repaid and any related Commitment wholly cancelled on its behalfthe last day of that Interest Period;
(ii) may (in relation to Facility A) select an Interest Period of less than one Month (in relation to Facility A)Month, if necessary to ensure that there are sufficient Facility A Loans (with an aggregate Base Currency Amount amount equal to or greater than the Facility A Repayment Instalment) which have an Interest Period ending on a Facility A Repayment Date for the Borrowers Borrower to make the Facility A Repayment Instalment due on that date.; or
(eiii) An (in relation to Facility B) select an Interest Period for of less than one Month, if necessary to ensure that the Interest Periods of two or more Facility B Loans will end on the same date; or
(iv) (in relation to Facility C) select an Interest Period of less than one Month, if necessary to ensure that there are sufficient Facility C Loans (with an aggregate amount equal to or greater than the relevant repayment instalment in respect of Facility C) which have an Interest Period ending on a Loan shall not extend beyond the Termination Date scheduled repayment date applicable to its Facility.
(f) Each Interest Period for a Facility A Loan shall start on the Utilisation Date or (if already made) on the last day of its preceding Interest Period.
(g) Each Facility B Loan and Facility C Loan has one Interest Period onlyfor the Borrower to make that repayment instalment due on that date.
Appears in 1 contract
Sources: Amendment and Restatement Agreement (Las Vegas Sands Corp)
Selection of Interest Periods. (a) A Borrower (or the Company on behalf of a Borrower) may select an Interest Period for a Loan in the Utilisation Request for that Loan or (if in the case of a Facility A Loan which has already been borrowed) in a Selection NoticeNotice so as to ensure that: with respect to Facility A only
(i) each Facility A Repayment Date will also be the last day of an Interest Period;
(ii) the Consolidation Date will also be the last day of an Interest Period; and
(iii) all the Facility A Loans have an Interest Period ending on the Consolidation Date. with respect to all Facilities
(iv) no Loan shall have an Interest Period expiring after the Termination Date.
(b) Each Selection Notice for a Facility A Loan is irrevocable and must be delivered to the Agent by the Original Borrower (or the Company on behalf of a Borrower) to which that Facility A Loan was made not later than the Specified Time.
(c) If a the Original Borrower (or the Company) fails to deliver a Selection Notice to the Agent in accordance with paragraph (b) above, the relevant Interest Period will, subject to Clause 11.2 paragraph (Changes to Interest Periods)e) below, be three 3 Months.
(d) Subject to this Clause 119, a Borrower (or the Company) may select an Interest Period of three 1, 3 or six 6 Months for a Facility A Loan or an Interest Period of one, three or six Months for a Facility B Loan or a Facility C Loan, or any other period agreed between the Company and the Agent (acting on the instructions of all the Lenders participating in Lenders); the relevant Original Borrower, with respect to each Facility A Loan). In addition a Borrower (or the Company on its behalf) , may select an a first Interest Period of less than one Month (week in relation any Utilisation Request. After this first Interest Period the immediately following Interest Period may be of less than one month, as then agreed between the Original Borrower and the Agent in order to Facility A), if necessary to ensure that there are sufficient consolidate all outstanding Facility A Loans (with an aggregate Base Currency Amount equal to or greater than the Repayment Instalment) which have an Interest Period ending on a Facility A Repayment Date for the Borrowers to make the Repayment Instalment due on that dateLoans.
(e) An Interest Period for a Loan shall not extend beyond the Termination Date applicable to its Facility.
(f) Each Interest Period for a Facility A Loan shall start on the Utilisation Date or (if already made) on the last day of its preceding Interest Period.
(g) Each A Facility B Loan and or a Facility C Loan has one Interest Period only.
Appears in 1 contract
Sources: Multicurrency Term and Revolving Facilities Agreement (Tenedor CORP)
Selection of Interest Periods. (a) A Borrower (or the Company on behalf of a Borrower) may select an Interest Period for a Loan in the Utilisation Request for that Loan or (if the Loan is a Term Loan and has already been borrowed) in a Selection Notice.
(b) Each Selection Notice for a Facility A Term Loan is irrevocable and must be delivered to the Agent by the Borrower (or the Company on behalf of a Borrower) to which that Facility A Term Loan was made not later than the Specified Time.
(c) If a Borrower (or the CompanyCompany on behalf of a Borrower) fails to deliver a Selection Notice to the Agent in accordance with paragraph (b) above, the relevant Interest Period will, subject to Clause 11.2 14.2 (Changes to Interest Periods), be three Monthsone Month.
(d) Subject to this Clause 1114, a Borrower (or the CompanyCompany on behalf of a Borrower) may select an Interest Period of three or six Months for a Facility A Loan or an Interest Period of one, two, three or six Months for a Facility B Loan or a Facility C Loan, or any other period agreed between the Company and the Agent (acting on the instructions of all the Lenders participating in the relevant LoanLenders). In addition a Borrower (or the Company on its behalf) may select an Interest Period of less than one Month (in relation to Facility A)C) less than one Month, if necessary to ensure that there are sufficient Facility A C Loans (with an aggregate Base Currency Amount equal to or greater than the Repayment Instalment) which have an Interest Period ending on a Facility A C Repayment Date for the Borrowers to make the Facility C Repayment Instalment due on that date.
(e) An Interest Period for a Loan shall not extend beyond the Termination Date applicable to its Facility.
(f) Each Interest Period for a Facility A Term Loan shall start on the Utilisation Date or (if already made) on the last day of its preceding Interest Period.
(g) Each A Revolving Facility B Loan and Facility C Loan has one Interest Period only.
(h) Prior to the Syndication Date, Interest Periods shall be one Month or such other period as the Agent and the Borrower (or the Company on its behalf) may agree and any Interest Period which would otherwise end during the Month preceding or extend beyond the Syndication Date shall end on the Syndication Date.
Appears in 1 contract
Selection of Interest Periods. (a) A Borrower (or the Company Obligors’ Agent on behalf of a Borrower) may select an Interest Period for a Loan in the Utilisation Request for that Loan or (if the Loan has already been borrowed) in a Selection Notice.
(b) Each Selection Notice for a Facility A Loan is irrevocable and must be delivered to the Agent by the Borrower (or the Company Obligors’ Agent on behalf of a Borrower) to which that Facility A Loan was made not later than the Specified Time.
(c) If a Borrower (or the CompanyObligors’ Agent) fails to deliver a Selection Notice to the Agent in accordance with paragraph (b) above, the relevant Interest Period will, subject to Clause 11.2 10.2 (Changes to Interest Periods), be three Monthsone Month.
(d) Subject to this Clause 1110, a Borrower (or the CompanyObligors’ Agent) may select an Interest Period of three or six Months for a Facility A Loan or an Interest Period of one, two, three or six Months for a Facility B Loan or a Facility C Loan, or any other period agreed between the Company Obligors’ Agent and the Agent (acting on the instructions of all the Lenders participating in the relevant LoanLenders). In addition a Borrower (or the Company Obligors’ Agent on its behalf) may (in relation to Facility A) select an Interest Period of less than one Month (in relation to Facility A)Month, if necessary to ensure that there are sufficient Facility A Loans (with an aggregate Base Currency Amount equal to or greater than the Repayment Instalment) which have an Interest Period ending on a Facility A Repayment Date for the Borrowers to make the Repayment Instalment due on that date.
(e) An Interest Period for a Loan shall not extend beyond the Termination Date applicable to its Facility.
(f) Each Interest Period for a Facility A Loan shall start on the Utilisation Date or (if already made) on the last day of its preceding Interest Period.
(g) Each A Facility B Loan and Facility C Loan has one Interest Period only.
Appears in 1 contract
Selection of Interest Periods. (a) A The Borrower (or the Company on behalf of a Borrower) may select an Interest Period for a Loan in the Utilisation Request for that Loan or (if the Loan has already been borrowed) in a Selection Notice.
(b) Each Selection Notice for a Facility A Term Loan is irrevocable and must be delivered to the Agent by the Borrower (or the Company on behalf of a Borrower) to which that Facility A Loan was made not later than the Specified Time.
(c) If a the Borrower (or the Company) fails to deliver a Selection Notice to the Agent in accordance with paragraph (b) above, the relevant Interest Period will, subject to Clause 11.2 (Changes to Interest Periods), will be three Monthsone Month.
(d) Subject to this Clause 1114, a the Borrower (or the Company) may select an Interest Period of three or six Months for a Facility A Loan or an Interest Period of one, two, three or six Months for a Facility B Loan or a Facility C Loan, or any other period agreed between the Company Borrower and the Agent (acting on the instructions of all the Lenders participating in the relevant Loan). In addition a addition, the Borrower (or the Company on its behalf) may select an Interest Period of less than one Month (in relation to Facility A)a Term Loan Facility, if necessary to ensure that there are sufficient Term Loans under that Term Loan Facility A Loans (with an aggregate Base Currency Amount amount equal to or greater than the relevant Term Loan Facility Repayment Instalment) which have an Interest Period ending on a an applicable Term Loan Facility A Repayment Date for the Borrowers Borrower to make the Term Loan Facility Repayment Instalment due on that date.
(e) An Interest Period for a Term Loan shall not extend beyond a Term Loan Facility Repayment Date applicable to that Term Loan and an Interest Period for any other Loan shall not extend beyond the Termination Date applicable to its FacilityDate.
(f) Each Interest Period for a Facility A Loan shall start on the Utilisation Date or (if already made) on the last day of its preceding Interest Period.
(g) Each A Facility B Loan and Facility C D Loan has one Interest Period only.
Appears in 1 contract
Selection of Interest Periods. (a) A Borrower (or the Company Obligors’ Agent on behalf of a Borrower) may select an Interest Period for a Loan in the Utilisation Request for that Loan or (if the Loan has already been borrowed) in a Selection Notice.
(b) Each Selection Notice for a Facility A Loan is irrevocable and must be delivered to the Agent by the Borrower (or the Company Obligors’ Agent on behalf of a the Borrower) to which that Facility A Loan was made not later than the Specified Time.
(c) If a Borrower (or the CompanyObligors’ Agent) fails to deliver a Selection Notice to the Agent in accordance with paragraph (b) above, the relevant Interest Period will, subject to Clause 11.2 clause 19.2 (Changes to Interest Periods), be three Monthsone Month.
(d) Subject to this Clause 11clause 19, a Borrower (or the CompanyObligors’ Agent) may select an Interest Period of three 1, 2, 3 or six 6 Months for a Facility A Loan or an Interest Period of one, three or six Months for a Facility B Loan or a Facility C Loan, or any other period agreed between the Company Obligors’ Agent and the Agent (acting on the instructions of all the Lenders participating in the relevant LoanLenders). In addition a Borrower (or the Company Obligors’ Agent on its behalf) may select an Interest Period of less than one Month (in relation to Facility A), if necessary to ensure that there are sufficient Facility A Loans (with an aggregate Base Currency Amount equal to or greater than the Repayment Instalment) which have an Interest Period ending on a Facility A Repayment Date for the Borrowers to make the Repayment Instalment due on that date.
(e) An Interest Period for a Loan shall not extend beyond the Termination Date applicable to its FacilityDate.
(f) Each Interest Period for a Facility A Loan shall start on the Utilisation Date or (if already made) on the last day of its preceding Interest Period.
(g) Each Facility B Loan and Facility C Loan has one Interest Period only.
Appears in 1 contract
Selection of Interest Periods. (a) A The Borrower (or the Company on behalf of a Borrower) may select an Interest Period for a Loan in the Utilisation Request for that Loan or (if the Loan has already been borrowed) in a Selection Notice.
(b) Each Selection Notice for a Facility A Term Loan is irrevocable and must be delivered to the Agent by the Borrower (or the Company on behalf of a Borrower) to which that Facility A Loan was made not later than the Specified Time.
(c) If a the Borrower (or the Company) fails to deliver a Selection Notice to the Agent in accordance with paragraph (b) above, the relevant Interest Period will, subject to Clause 11.2 10.2 (Changes to Interest Periods), be three Monthsone Month.
(d) Subject to this Clause 1110, a the Borrower (or the Company) may select an Interest Period of three or six Months for a Facility A Loan or an Interest Period of one, two, three or six Months for a Facility B Loan or a Facility C Loan, or any other period agreed between the Company Borrower and the Agent (acting on the instructions of all the Lenders participating in the relevant Loan). In addition a addition, the Borrower may:
(or i) select an Interest Period of less than two Months for any Facility A Loan, Facility B Loan, Facility C Loan and/or Facility D Loan in connection with any refinancing thereof provided that that Loan shall be wholly repaid and any related Commitment wholly cancelled on the Company on its behalflast day of that Interest Period;
(ii) may (in relation to Facility A) select an Interest Period of less than one Month (in relation to Facility A)Month, if necessary to ensure that there are sufficient Facility A Loans (with an aggregate Base Currency Amount amount equal to or greater than the Facility A Repayment Instalment) which have an Interest Period ending on a Facility A Repayment Date for the Borrowers Borrower to make the Facility A Repayment Instalment due on that date.
; WTL/1019005126/Third Amended and Restated FA (eiii) An (in relation to Facility B) select an Interest Period for a Loan shall not extend beyond of less than one Month, if necessary to ensure that the Termination Date applicable to its Facility.
(f) Each Interest Period for a Periods of two or more Facility A Loan shall start B Loans will end on the Utilisation Date or (if already made) on the last day of its preceding Interest Period.
(g) Each Facility B Loan and Facility C Loan has one Interest Period only.same date;
Appears in 1 contract
Sources: Third Amendment and Restatement Agreement (Las Vegas Sands Corp)
Selection of Interest Periods. 64
(a) A Borrower (or the Company on behalf of a Borrower) may select an Interest Period for a Loan in the Utilisation Request for that Loan or (if the Loan is a Term Facility Loan and has already been borrowed) in a Selection Notice.
(b) Each Selection Notice for a Term Facility A Loan is irrevocable and must be delivered to the Facility Agent by the Borrower (or the Company on behalf of a the Borrower) to which that Term Facility A Loan was made not later than the Specified Time.
(c) If a Borrower (or the Company) fails to deliver a Selection Notice to the Facility Agent in accordance with paragraph (b) above, the relevant Interest Period will, subject to Clause 11.2 will be the Interest Period selected in the most recently delivered Utilisation Request or Selection Notice (Changes to Interest Periods), be three Monthsas applicable) for the relevant Term Facility Loan.
(d) Subject to this Clause 1113, a Borrower (or the Company) may select an Interest Period of:
(i) in relation to a Revolving Facility, any number of three days from and including one day to and including 30 days or six Months for a Facility A Loan or an Interest Period of one, two, three or six Months for a Facility B Loan or a Facility C Loan, or any other period (subject to no minimum term) as agreed between the Company and the Facility Agent (acting on without seeking any further consent or instructions from the instructions of all the Lenders participating in the relevant LoanLenders). In addition a Borrower ; and
(or the Company on its behalfii) may select an Interest Period of less than one Month (in relation to a Term Facility, one, two, three or six Months or any other period (subject to no minimum term) as agreed between the Company and the Facility AAgent (without seeking any further consent or instructions from the Lenders), provided that any Interest Period that would otherwise end during the month preceding or extend beyond a repayment date relating to the Term Facility shall be of such duration that it shall end on that repayment date if necessary to ensure that there are sufficient Loans under the relevant Term Facility A Loans (with an aggregate Base Currency Amount equal to or greater than the Repayment Instalment) which have an Interest Period Periods ending on the relevant repayment date in a Facility A Repayment Date for the Borrowers sufficient aggregate amount to make the Repayment Instalment repayment due on that repayment date.
(e) An Interest Period for a Loan shall not extend beyond the Termination Date applicable to its FacilityDate.
(f) Each Interest Period for a Term Facility A Loan shall start on the Utilisation Date or (or, if already made) , on the last day of its preceding Interest Period.
(g) Each Revolving Facility B Loan and Facility C Loan has one Interest Period only.
Appears in 1 contract