Common use of Unwinding of Designated Transactions Clause in Contracts

Unwinding of Designated Transactions. On or prior to any repayment or prepayment of all or part of the Loan, the Borrower shall upon the request of the Bank wholly or partially reverse, offset, unwind, cancel, close out, net out or otherwise terminate one or more of the continuing Designated Transactions so that the notional principal amount of the continuing Designated Transactions thereafter remaining does not and will not in the future (taking into account the scheduled amortisation) exceed the amount of the Loan as reducing from time to time thereafter pursuant to clause 4.1.