FORM OF CANCELLATION AND/OR PREPAYMENT NOTICE Sample Clauses

FORM OF CANCELLATION AND/OR PREPAYMENT NOTICE. To: [ ] as Facility Agent From: [BORROWER] Date: [ ] 1. [We wish to cancel a portion of Total Facility A Commitments* and/or*/Total Facility B Commitments* and/or* Total Facility C Commitments* in the following amounts: Cancellation:
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FORM OF CANCELLATION AND/OR PREPAYMENT NOTICE. To: [ ] as Facility Agent From: [BORROWER]
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FORM OF CANCELLATION AND/OR PREPAYMENT NOTICE. To: [ ] as Facility Agent From: [BORROWER] Date: [ ] and Revolving Credit Agreement dated [ ], 2000 1. [We wish to cancel a portion of Total Facility A Commitments* and/or*/Total Facility B Commitments* and/or* Total Facility C Commitments* in the following amounts: Cancellation: Total Facility A Commitments: [ ]* Total Facility B Commitments: [ ]* Total Facility C1 Commitments: [ ]* Total Facility C2 Commitments: [ ]* [We wish to prepay the whole or part of the following Advances which are to be applied against the Facilities in the following order: (a) Facilities: Facility A Advance: [ ]* Facility B Advance: [ ]* Facility C1 Advance: [ ]* Facility C2 Advance: [ ]* (b) Application of Advance[s]: Facility A: [ ]* Facility B: [ ]* Facility C1: [ ]* Facility C2: [ ]* * Delete as appropriate 2. Terms defined in the above Credit Agreement have the same meaning in this notice. By: [BORROWER] Authorised Signatory PART 1 NOVATION CERTIFICATE UPC Distribution Holding B.V. - €3,500,000,000 and US$347,500,000 and €95,000,000 Term and Revolving Credit Agreement dated [ ], 2000 1. We [ ] (the Existing Lender) and [ ] (the New Lender) agree to the Existing Lender and the New Lender novating all the Existing Lender’s rights and obligations referred to in the Schedule in accordance with Clause 26.3 (Procedure for novations) of the Credit Agreement and clause 9.3 (Transfers by the Lenders) of the Security Deed. 2. On the date on which this novation becomes effective in accordance with Clause 26.3 (Procedure for novations), the New Lender represents and warrants to the Existing Lender, the Finance Parties and UPC Distribution that it is [a Professional Market Party]/[exempted from the requirement to be a Professional Market Party because it forms part of a closed circle (besloten ▇▇▇▇▇) with UPC Distribution]. 3. The Facility Office and address for notices of the New Lender for the purposes of Clause 32.2 (Addresses for notices) are set out in the Schedule. 4. This Novation Certificate may be executed in any number of counterparts and this has the same effect as if the signatures on the counterparts were on a single copy of this Novation Certificate. 5. This Novation Certificate is governed by English law. [Details of the rights and obligations of the Existing Lender to be novated.] [Facility Office Address for notices for administrative purposes Address for notices for credit purposes] [Existing Lender] [New Lender] [ ] By: By: By: Date: Date: Date: PART 2 GUARANTOR ACCES...
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Related to FORM OF CANCELLATION AND/OR PREPAYMENT NOTICE

  • Repayment Prepayment and Cancellation 6 REPAYMENT

  • Prepayment and Cancellation 29 10. Interest........................................................ 31 11. Terms........................................................... 33 12.

  • Application of Prepayments Reductions (i) Any prepayment of any Loan pursuant to Section 2.07(a) shall be applied as specified by the Borrower in the applicable notice of prepayment; provided, in the event the Borrower fails to specify the Loans to which any such prepayment shall be applied, such prepayment shall be applied to prepay each Class of outstanding Loans on a pro rata basis and, within each Class, to reduce the remaining scheduled installments of principal in direct order of maturity. (ii) Any amount required to be paid pursuant to Section 2.07(b)(i) and Section 2.07(b)(iv) shall be applied ratably to each Class of outstanding Loans and, within each such Class, (i) first, to reduce the next eight scheduled payments required under Section 2.06(a) (or the applicable Incremental Amendment, Refinancing Amendment or Extension Amendment) in direct order of maturity and (ii) second, to the remaining scheduled payments required thereunder on a pro rata basis; provided that, if at the time any amount is required to be paid pursuant to Section 2.07(b)(i) the Borrower is required to offer to repurchase or prepay Permitted Pari Passu Refinancing Debt or Incremental Equivalent Debt pursuant to the terms of the documentation governing such Indebtedness with Net Cash Proceeds received from an Asset Sale or Recovery Event (such Permitted Pari Passu Refinancing Debt or Incremental Equivalent Debt required to be offered to be so repurchased or prepaid, “Other Applicable Indebtedness”), then the Borrower may apply such Net Cash Proceeds on a pro rata basis (determined on the basis of the aggregate outstanding principal amount of the Loans and Other Applicable Indebtedness at such time; provided that the portion of such proceeds allocated to Other Applicable Indebtedness shall not exceed the amount of such proceeds required to be allocated to the Other Applicable Indebtedness pursuant to the terms thereof, and the remaining amount, if any, of such Net Cash Proceeds shall be allocated to the Loans in accordance with the terms hereof) to the prepayment of the Loans and to the repurchase or prepayment of such Other Applicable Indebtedness, and the amount of prepayment of the Loans that would otherwise have been required pursuant to Section 2.07(b)(i) shall be reduced accordingly; provided, further, that to the extent the holders of Other Applicable Indebtedness decline to have such Indebtedness purchased or prepaid, the declined amount shall promptly (and in any event within 10 Business Days after the date of such rejection) be applied to prepay the Loans in accordance with the terms hereof. (iii) Any amount required to be paid pursuant to Section 2.07(b)(ii) and Section 2.07(b)(v) shall be applied ratably to each Class of outstanding Loans and, within each such Class, to the remaining scheduled payments required thereunder on a pro rata basis. (iv) Any amount required to be paid pursuant to Section 2.07(b)(iii) shall be applied ratably to each Class of outstanding Loans and, within each such Class, (i) first, to reduce the next eight scheduled payments required under Section 2.06(a) (or the applicable Incremental Amendment, Refinancing Amendment or Extension Amendment) in direct order of maturity and (ii) second, to the remaining scheduled payments required thereunder on a pro rata basis; provided that any prepayment of Loans with the Net Cash Proceeds of Credit Agreement Refinancing Indebtedness shall be applied solely to each applicable Class of Credit Agreement Refinanced Debt. (v) Anything contained herein to the contrary notwithstanding, in the event the Borrower is required to make any mandatory prepayment (a “Waivable Mandatory Prepayment”) of the Loans (other than any prepayment pursuant to Section 2.07(b)(v)), not less than five Business Days prior to the date (the “Required Prepayment Date”) on which the Borrower is required to make such Waivable Mandatory Prepayment, the Borrower shall notify the Administrative Agent of the amount of such prepayment, and the Administrative Agent will promptly thereafter notify each Lender holding an outstanding Loan of the amount of such Lender’s pro rata share of such Waivable Mandatory Prepayment and such Lender’s option to refuse such amount (such declined amount, the “Declined Proceeds”). Each such Lender may exercise such option by giving written notice to the Borrower and the Administrative Agent of its election to do so on or before the third Business Day prior to the Required Prepayment Date (it being understood that any Lender which does not notify the Borrower and the Administrative Agent of its election to exercise such option on or before the third Business Day prior to the Required Prepayment Date shall be deemed to have elected, as of such date, not to exercise such option). Any Declined Proceeds may be retained by the Borrower.

  • Notice of Cancellation or Change There shall be no cancellation, change, potential exhaustion of aggregate limits or non-renewal of insurance coverage(s) without thirty (30) days written prior written notice to the State.

  • Application of prepayment The provisions of Clause 8 shall apply in relation to the prepayment.