Prepayment and Cancellation. 9.1 Mandatory prepayment - illegality (a) A Lender must notify the Company promptly if it becomes aware that it is unlawful in any jurisdiction for that Lender to perform any of its obligations under a Finance Document or to fund or maintain its share in any Credit. (b) After notification under paragraph (a) above: (i) each Borrower must repay or prepay the share of that Lender in each Credit utilised by it on the date specified in paragraph (c) below; and (ii) the Commitment of that Lender will be immediately cancelled. (c) The date for repayment or prepayment of a Lender's share in a Credit will be: (i) the last day of the current Term of that Loan; or (ii) if earlier, the date specified by the Lender in the notification under paragraph (a) above and which must not be earlier than the last day of any applicable grace period allowed by law.
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Prepayment and Cancellation. 9.1 Mandatory prepayment - prepayment—illegality
(a) A Lender must notify the Company promptly if it becomes aware that it is unlawful in any jurisdiction for that Lender to perform any of its obligations under a Finance Document or to fund or maintain its share in any CreditLoan.
(b) After notification under paragraph (a) above:
(i) each Borrower the Company must repay or prepay the share of that Lender in each Credit utilised by Loan made to it on the date specified in paragraph (c) below; and
(ii) the Commitment of that Lender will be immediately cancelled.
(c) The date for repayment or prepayment of a Lender's share in a Credit Loan will be:
(i) the last day of the current Term of that Loan; or
(ii) if earlier, the date specified by the Lender in the notification under paragraph (a) above and which must not be earlier than the last day of any applicable grace period allowed by law.
Appears in 1 contract
Sources: Credit Facility (Tele2 Ab)
Prepayment and Cancellation. 9.1 10.1 Mandatory prepayment - illegality
(a) A Lender must notify the Company promptly if it becomes aware that it is unlawful in any jurisdiction for that Lender to perform any of its obligations under a Finance Document or to fund or maintain its share in any Credit.
(b) After notification under paragraph (a) above:
(i) each Borrower must repay or prepay the share of that Lender in each Credit utilised by it on the date specified in paragraph (c) below; and
(ii) the Commitment of that Lender will be immediately cancelled.
(c) The date for repayment or prepayment of a Lender's ’s share in a Credit will be:
(i) the last day of the current Term of that LoanCredit; or
(ii) if earlier, the date specified by the Lender in the notification under paragraph (a) above and which must not be earlier than the last day of any applicable grace period allowed by law.
Appears in 1 contract
Prepayment and Cancellation. 9.1 8.1 Mandatory prepayment - prepayment—illegality
(a) A Lender must notify the Company promptly if it becomes aware that it is unlawful under any applicable law in any relevant jurisdiction for that Lender to perform any of its obligations under a Finance Document or to fund or maintain its share in any CreditLoan.
(b) After notification under paragraph (a) above:
(i) each Borrower the Company must repay or prepay the share of that Lender in each Credit utilised by Loan made to it on the date specified in paragraph (c) below; and
(ii) the Commitment of that Lender will be immediately cancelled.
(c) The date for repayment or prepayment of a Lender's share in a Credit Loan will be:
(i) the last day of the current Term of that Loan; or
(ii) if earlier, the date specified by the Lender in the notification under paragraph (a) above and which must not be earlier than the last day of any applicable grace period allowed by law.
Appears in 1 contract
Prepayment and Cancellation. 9.1 8.1 Mandatory prepayment - – illegality
(a) A Lender must notify the Company Borrower promptly if it becomes aware that it is unlawful in any jurisdiction for that Lender to perform any of its obligations under a Finance Document or to fund or maintain its share in any CreditLoan.
(b) After notification under paragraph (a) above:
(i) each the Borrower must repay or prepay the share of that Lender in each Credit utilised by it Loan on the date specified in paragraph (c) below; and
(ii) the Commitment of that Lender will be immediately cancelled.
(c) The date for repayment or prepayment of a Lender's ’s share in a Credit Loan will be:
(i) the last day of the current Term of Interest Period for that Loan; or
(ii) if earlier, the date specified by the Lender in the notification under paragraph (a) above and above, which must not be earlier than the last day of any applicable grace period allowed by law.
8.2 Mandatory prepayment – change of control
(a) For the purposes of this Clause:
Appears in 1 contract
Sources: Credit Facility Agreement
Prepayment and Cancellation. 9.1 Mandatory prepayment - illegality
(a) A Lender must notify the Company promptly if it becomes aware that it is unlawful in any jurisdiction for that Lender to perform any of its obligations under a Finance Document or to fund or maintain its share in any CreditLoan.
(b) After notification under paragraph (a) above:
(i) each Borrower the Company must repay or prepay the share of that Lender in each Credit utilised by Loan made to it on the date specified in paragraph (c) below; and
(ii) the Commitment of that Lender will be immediately cancelled.
(c) The date for repayment or prepayment of a Lender's ’s share in a Credit Loan will be:
(i) the last day of the current Term of that Loan; or
(ii) if earlier, the date specified by the Lender in the notification under paragraph (a) above and which must not be earlier than the last day of any applicable grace period allowed by law.
Appears in 1 contract
Sources: Credit Facility (Tele2 Ab)