Common use of Additional voluntary prepayment Clause in Contracts

Additional voluntary prepayment. The Borrower may also prepay (in whole but not in part only), without premium or penalty, but without prejudice to its obligations under clauses 5.10, 8.7 and 15.2: (a) the Contribution of any Bank to which the Borrower shall have become obliged to pay additional amounts under clause 8.7 or 15.2; (b) any Bank's Contribution to which a substitute basis applies by virtue of clause 5.10(b); or (c) the Contribution of any Bank if it is or becomes contrary to any law or regulation for that Bank to contribute to Advances or to maintain its Commitment or fund or maintain its Contribution. Upon any notice of such prepayment being given, the Commitment of the relevant Bank shall be reduced to zero.

Appears in 1 contract

Sources: Loan Agreement (Telewest Communications PLC /New/)

Additional voluntary prepayment. The Borrower may also prepay (in whole but not in part only), without premium or penalty, but without prejudice to its obligations under clauses 5.105.8, 8.7 and 15.216.2: (a) the Contribution of any Bank to which the Borrower shall have become obliged to pay additional amounts under clause 8.7 or 15.216.2; (b) any Bank's Contribution to which a substitute basis applies by virtue of clause 5.10(b5.8(b); or (c) the Contribution of any Bank if it is or becomes contrary to any law or regulation for that Bank to contribute to Advances or to maintain its Commitment or fund or maintain its Contribution. Upon any notice of such prepayment being given, the Commitment of the relevant Bank shall be reduced to zero.

Appears in 1 contract

Sources: Loan Agreement (Comcast Uk Cable Partners LTD)

Additional voluntary prepayment. The Borrower may also prepay (in whole but not in part only), without premium or penalty, but without prejudice to its obligations under clauses 5.105.8, 8.7 and 15.2: (a) the Contribution of any Bank to which the Borrower shall have become obliged to pay additional amounts under clause 8.7 or 15.28.7; (b) any Bank's Contribution to which a substitute basis applies by virtue of clause 5.10(b5.8(b); or (c) the Contribution of any Bank if it is or becomes contrary to any law or regulation for that Bank to contribute to Advances or to maintain its Commitment or fund or maintain its Contribution. Upon any notice of such prepayment being given, the Commitment of the relevant Bank shall be reduced to zero.

Appears in 1 contract

Sources: Loan Agreement (Telewest Communications PLC /New/)