Common use of Effect of notice of prepayment Clause in Contracts

Effect of notice of prepayment. A prepayment notice may not be withdrawn or amended without the consent of the Lender and the amount specified in the prepayment notice shall become due and payable by the Borrower on the date for prepayment specified in the prepayment notice.

Appears in 45 contracts

Sources: Loan Agreement (Cool Co Ltd.), Loan Agreement (Cool Co Ltd.), Loan Agreement (Diana Shipping Inc.)