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Mandatory Prepayment and Cancellation
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Common use of Mandatory Prepayment and Cancellation Clause in Contracts

Mandatory Prepayment and Cancellation. Total Loss or sale

Appears in 2 contracts

Sources: Senior Secured Credit Facility Agreement, Senior Secured Credit Facility Agreement (Seadrill Partners LLC)

Related Clauses

Prepayment and Cancellation
Repayment Prepayment and Cancellation
Mandatory Prepayments
Mandatory Prepayment
Mandatory Prepayment of Loans

Parent Clauses

Prepayment and Cancellation
JURISDICTION
AGENTS UNDER AFFECTED FACILITIES
NOTIFICATION TO BANK
Miscellaneous

Sub-Clauses

Change of Control
Repayment from Equity Proceeds
Blocked Accounts
Repayment from Excess Cash Flow
Exit

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