Cancellation and Prepayment Sample Clauses
Cancellation and Prepayment. 11.01 The amount of the Available Tranche B Commitments shall be reduced to the amount outstanding under Tranche B as at close of business on the date of expiry of the Availability Period on such date.
11.02 The Borrower may, by giving to the Agent not less than thirty business days' prior notice to that effect, cancel the whole or any part (being an amount or integral multiple of Two Hundred and Fifty Thousand Pounds (£250,000) of any of the Available Tranche B Facility. Any such cancellation shall reduce the Available Tranche B Commitment.
11.03 The Borrower may, if it has given to the Agent not less than thirty days' prior written notice to that effect, prepay the whole or any part of any Advance of Tranche A or Tranche B (as applicable) made to it (being in the case of an Advance under Tranche A an amount or integral multiple of Two Million Pounds (£2,000,000) or in the case of an Advance under Tranche B an amount or integral multiple or Two Hundred and Fifty Thousand Pounds (£250,000) or the balance of the amount of Tranche A or Tranche B (as applicable) outstanding under this Agreement).
11.04 Any notice of cancellation or prepayment given by the Borrower pursuant to Clauses 11.02 or 11.03 shall be irrevocable, shall specify the date upon which such cancellation or prepayment is to be made and in the case of a notice of prepayment shall oblige the Borrower to make such prepayment on such date.
11.05 On receipt by any member of the Group of any Net Proceeds the Borrower shall procure that an amount equal to such Net Proceeds shall forthwith be applied in prepaying Advances under the Facility.
11.06 The Borrower shall not repay or prepay all or any part of any Advance except at the times and in the manner expressly provided for in this Agreement and, except at the times and in the manner provided for in this Agreement, shall not be entitled to re-borrow any amount repaid or prepaid. Any prepayments shall be made together with accrued interest thereon and all other amounts payable under this Agreement in relation to the amount prepaid calculated up to the date of prepayment.
11.07 The Borrower shall prepay all amounts outstanding under this Agreement (and the amount of the Commitments will be reduced to nil) on the occurrence of a Change of Control.
11.08 Any prepayment or cancellation in accordance with the terms of this Clause 11 shall be without any premium or fee except for any breakage costs payable to the Lenders pursuant to Clause 22.04 except th...
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Cancellation and Prepayment. If a Lender delivers a notice of illegality any outstanding Commitment of that Lender will be cancelled on the date of that notice. The Borrower agrees to prepay the participation of that Lender in the Loan on the last day of the Interest Period during which the notice is received, unless the Lender certifies that, because of a legal requirement (law, regulation or any action by a court or administrative authority) applicable to the Lender, it must be repaid earlier. In this event the Borrower agrees to prepay the participation on the date specified by the Lender.
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Cancellation and Prepayment. If an alternative basis is not so agreed pursuant to Section 8.2;
(a) if no Drawdown has yet been made, the Facility shall be cancelled and all sums payable under this Agreement shall be paid to the Lender at the end of the period for negotiation ascertained in accordance with Section 8.2; or
(b) if any Drawdown has been made, the Lender may require the Borrower to prepay the Loan by giving written notice to the Borrower specifying a prepayment date which is not less than Fourteen (14) days after such notice is given. On the specified date the Facility shall be cancelled and the Borrower shall prepay the Loan in full together with interest thereon from the beginning of the relevant Interest Period to the date of prepayment and all other sums payable by the Borrower under this Agreement. For this purpose, the interest rate from time to time applicable to the Loan shall be the rate ascertained in accordance with Section 8.3 in relation to the relevant period.
Cancellation and Prepayment. If a Lender delivers a notice of illegality, the Commitments of that Lender will be cancelled on the date of that notice. Each Borrower agrees to repay the participation of that Lender in each Advance on the last day of the Interest Period of that Advance during which the notice is received, unless that Lender certifies that, because of a legal requirement applicable to that Lender, it must be repaid earlier. In this event the Borrowers agree to repay the participation on the earlier date (or dates) specified by the Lender. Clause 11.6 applies to any cancellation or repayment under this sub-Clause.
Cancellation and Prepayment. 9.1 The Borrower may, by giving to the Lender not less than thirty days' prior notice to that effect, cancel the whole or any part (being an amount or integral multiple of GBP100,000) of the Available Facility.
9.2 The Borrower may, if it has given to the Lender not less than thirty days' prior notice to that effect, prepay without penalty the whole of any Advance or any part of any Advance (being an amount or integral multiple of GBP100,000) on the last day of any Interest Period.
9.3 Any notice of cancellation or prepayment given by the Borrower pursuant to Clause 9.1 or 9.2 shall be irrevocable, shall specify the date upon which such cancellation or prepayment is to be made and the amount of such cancellation or prepayment and, in the case of a notice of prepayment, shall oblige the Borrower to make such prepayment on such date.
9.4 No principal shall be repaid until all outstanding amounts of interest have been paid.
9.5 The Borrower shall not repay all or any part of the Loan except at the times and in the manner expressly provided for in this Agreement and shall not be entitled to reborrow any amount repaid.
Cancellation and Prepayment. (1) Upon receipt of the Law Change Notice by the Borrower, the Borrower and the Lenders will make efforts to take concerted actions within the time specified in the Law Change Notice so as to make this Agreement legal and valid. If the Borrower and the Lenders fail to take efforts to make this Agreement continue to be legal and valid, the Law Change Affected Lender will notify promptly the Agent Bank (the “Law Change Confirmation Letter”), which will notify the Borrower promptly upon its receipt of such Law Change Confirmation Notice.
(2) Upon receipt of the Law Change Confirmation Letter by the Borrower, the Contribution Amount of the Law Change Affected Lender will be entirely and automatically cancelled.
(3) Within twenty (20) Business Days upon its receipt of the Law Change Confirmation Letter, the Borrower will prepay any portion of the Loan Fund which is provided by the Law Change Affected Lender and any interest accrued thereupon.
Cancellation and Prepayment. 15 PART 5 RISK ALLOCATION
Cancellation and Prepayment. 8.1 CANCELLATION The Guarantor may, by giving to the Agent not less than ten business days' prior notice to that effect, cancel the whole or any part (but if in part in a minimum amount of $50,000,000 and an integral multiple of $10,000,000) of the Total Commitments. Any such cancellation shall reduce the Commitment of each Bank rateably.
8.2 VOLUNTARY PREPAYMENT A Borrower may, subject to Clause 18.4 (BROKEN PERIODS), by giving to the Agent not less than ten business days' prior notice to that effect, prepay the whole or any part (but if in part in an amount such that the Dollar Amount of such Advance is reduced by a minimum amount of $100,000,000 and an integral multiple of $10,000,000) of any Advance together with interest accrued thereon Provided that no Borrower may reborrow any amount repaid under this Clause 8.2 and an amount of the Total Commitments equal to any amount so prepaid shall, upon such prepayment, be cancelled.