Common use of Notices of Cancellation or Prepayment Clause in Contracts

Notices of Cancellation or Prepayment. (a) Any notice of cancellation, prepayment, authorisation or other election given by any Party under Clause 7 (Illegality, Voluntary Prepayment and Cancellation) or Clause 8.6 (Invitation to Refuse Prepayment) shall (subject to the terms of those Clauses), unless a contrary indication appears in this Agreement, specify the date or dates upon which the relevant cancellation or prepayment is to be made and the amount of that cancellation or prepayment. (b) The Borrower shall be permitted to deliver a conditional or revocable notice of voluntary cancellation and/or voluntary prepayment under this Agreement (and for the avoidance of doubt, the Borrower shall not be liable for Break Costs as a result of that payment not being made). 69 Project Meria: Senior Facilties Agreement

Notices of Cancellation or Prepayment. (a) Any notice of cancellation, prepayment, authorisation or other election given by any Party under Clause 7 (Illegality, Voluntary Prepayment and Cancellation) or Clause 8.6 (Invitation to Refuse Prepayment) shall (subject to the terms of those Clauses), unless a contrary indication appears in this Agreement, specify the date or dates upon which the relevant cancellation or prepayment is to be made and the amount of that cancellation or prepayment. (b) The Borrower shall be permitted to deliver a conditional or revocable notice of voluntary cancellation and/or voluntary prepayment under this Agreement (and for the avoidance of doubt, the Borrower shall not be liable for Break Costs as a result of that payment not being made). 69 Project Meria: Senior Facilties Agreement.