Common use of Cancellation and Prepayment Clause in Contracts

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.

Cancellation and Prepayment. 8.1 CANCELLATION The Guarantor may, by giving to the Agent not less than ten business days' prior written 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 PERIODSBroken Periods), by giving to the Agent not less than ten business days' prior written 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 50,000,000 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.