7. Under a loan facility: (a) what are differences between an on demand, a term and a revolving facility? (3 marks) (b) generally, by reference to what basis is interest usually calculated under a term/revolving facility and what are the usual consequences of an early prepayment? (3 marks) (c) what are the consequences of the occurrence an Event of Default? (3 marks) (d) (which is syndicated) following the occurrence of an Event of Default, can a Lender unilaterally cancel its facility, accelerate its loan and obtain full repayment of its loan? (3 marks) (e) when are representations usually repeated and why are certain representations repeated while others are not