Common use of Prepayment; termination of Commitment Clause in Contracts

Prepayment; termination of Commitment. On the Agent notifying the Borrower under Clause 23.2, the Notifying Lender’s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s Contribution in accordance with Clause 8.

Appears in 27 contracts

Sources: Loan Agreement (Navios Maritime Containers Inc.), Facility Agreement (Navios Maritime Containers Inc.), Loan Agreement (Grindrod Shipping Holdings Pte. Ltd.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower under Clause 23.2, the Notifying Lender’s 's Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s 's notice under Clause 23.1 as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s 's Contribution in accordance with Clause 8.

Appears in 15 contracts

Sources: Loan Agreement (EuroDry Ltd.), Loan Agreement (Scorpio Tankers Inc.), Amending and Restating Agreement

Prepayment; termination of Commitment. On the Agent notifying the Borrower Borrowers under Clause 23.2, the Notifying Lender’s 's Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s 's notice under Clause 23.1 as the date on which the notified event would become effective the Borrower Borrowers shall prepay the Notifying Lender’s 's Contribution in accordance with Clause 8.

Appears in 14 contracts

Sources: Loan Agreement (EuroDry Ltd.), Loan Agreement (Diana Shipping Inc.), Loan Agreement (Euroseas Ltd.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower Borrowers under Clause 23.2, the Notifying Lender’s Commitment shall terminatebe immediately cancelled; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 as the date on which the notified event would become effective the Borrower Borrowers shall prepay the Notifying Lender’s Contribution on the last day of the then current Interest Period in accordance with Clause 8Clauses 8.10 and 8.11.

Appears in 6 contracts

Sources: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Acquisition CORP), Loan Agreement (Navios Maritime Partners L.P.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower Borrowers under Clause 23.2, the Notifying Lender’s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 as the date on which the notified event would become effective the Borrower Borrowers shall prepay the Notifying Lender’s Contribution in accordance with Clause 8.

Appears in 6 contracts

Sources: Supplemental Agreement (Navios Maritime Containers Inc.), Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Partners L.P.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower under Clause 23.2, the Notifying Lender’s ▇▇▇▇▇▇'s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s ▇▇▇▇▇▇'s notice under Clause 23.1 as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s 's Contribution in accordance with Clause 8.

Appears in 5 contracts

Sources: Loan Agreement (Euroseas Ltd.), Loan Agreement (Euroseas Ltd.), Loan Agreement (EuroDry Ltd.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower under Clause 23.221.2, the Notifying Lender’s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 21.1 as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s Contribution and shall pay compensation to the Notifying Lender calculated in accordance with Clause 816.2.

Appears in 4 contracts

Sources: Amendment and Restatement Agreement (Norwegian Cruise Line Holdings Ltd.), Amendment and Restatement Agreement (Norwegian Cruise Line Holdings Ltd.), Loan Agreement (Prestige Cruises International, Inc.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower Borrowers under Clause 23.2, the relevant Notifying Lender’s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 as the date on which the notified event would become effective the Borrower Borrowers shall prepay the Notifying Lender’s Contribution in accordance with Clause 8.

Appears in 4 contracts

Sources: Amending and Restating Deed (Global Ship Lease, Inc.), Second Amending and Restating Deed (Global Ship Lease, Inc.), Loan Agreement (Global Ship Lease, Inc.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower under Clause 23.2, the Notifying Lender’s Commitment shall terminatebe immediately cancelled; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s Contribution on the last day of the then current Interest Period in accordance with Clause 8Clauses 8.12 and 8.13(a).

Appears in 3 contracts

Sources: Loan Agreement (Capital Product Partners L.P.), Loan Agreement (Capital Product Partners L.P.), Deed of Amendment and Restatement (Capital Product Partners L.P.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower Borrowers under Clause 23.2, the Notifying Lender’s Commitment shall terminatebe immediately cancelled; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 as the date on which the notified event would become effective the Borrower Borrowers shall prepay the Notifying Lender’s Contribution on the last day of the then current Interest Period in accordance with Clause 8.

Appears in 3 contracts

Sources: Loan Agreement, Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Acquisition CORP)

Prepayment; termination of Commitment. On the Agent notifying the Borrower under Clause 23.2, the Notifying Lender’s Commitment shall terminatebe immediately cancelled; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s Contribution on the last day of the then current Interest Period in accordance with Clause 8Clauses 8.10 and 8.11.

Appears in 3 contracts

Sources: Amending and Restating Agreement (Navios Maritime Acquisition CORP), Loan Agreement (Navios Maritime Acquisition CORP), Loan Agreement (Navios Maritime Holdings Inc.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower under Clause 23.2, the Notifying Lender’s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s Contribution in accordance with Clause 88 (other than Clause 8.6).

Appears in 3 contracts

Sources: Loan Agreement (Danaos Corp), Loan Agreement (Tsakos Energy Navigation LTD), Loan Agreement (Danaos Corp)

Prepayment; termination of Commitment. On the Agent notifying the Borrower under Clause 23.223.2 (Notification of illegality), the Notifying Lender’s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 (Illegality) as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s Contribution in accordance with Clause 88 (Repayment and Prepayment).

Appears in 2 contracts

Sources: Facility Agreement (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Partners L.P.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower Borrowers under Clause 23.223.2 (Notification of illegality), the Notifying Lender▇▇▇▇▇▇’s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 (Illegality) as the date on which the notified event would become effective the Borrower Borrowers shall prepay the Notifying Lender’s Contribution in accordance with Clause 88 (Repayment and Prepayment).

Appears in 2 contracts

Sources: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Partners L.P.)

Prepayment; termination of Commitment. On the Facility Agent notifying the Borrower under Clause 23.2, the Notifying Lender’s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s Contribution in accordance with Clause 8.

Appears in 2 contracts

Sources: Loan Agreement, Loan Agreement (Capital Product Partners L.P.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower under Clause ▇▇▇▇▇▇ 23.2, the Notifying Lender’s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender▇▇▇▇▇▇’s notice under Clause 23.1 as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s Contribution in accordance with Clause 8.

Appears in 2 contracts

Sources: Loan Agreement, Loan Agreement (Capital Product Partners L.P.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower Borrowers under Clause 23.2, the Notifying Lender’s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s Contribution in accordance with Clause 8.

Appears in 2 contracts

Sources: Loan Agreement (Costamare Partners LP), Loan Agreement (Costamare Partners LP)

Prepayment; termination of Commitment. On the Agent notifying the Borrower Borrowers under Clause 23.1 and 23.2, the Notifying Lender’s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 as the date on which the notified event would become effective the Borrower Borrowers shall prepay the Notifying Lender’s Contribution in accordance with Clause 8.

Appears in 2 contracts

Sources: Loan Agreement (Navios Maritime Holdings Inc.), Loan Agreement (Navios Maritime Holdings Inc.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower under Clause 23.224.2, the Notifying Lender’s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 24.1 as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s Contribution in accordance with Clause 8, without penalty, premium or breakage costs.

Appears in 2 contracts

Sources: Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Tankers Inc.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower Borrowers under Clause 23.2, the Notifying Lender’s 's Commitment shall terminatebe immediately cancelled; and thereupon or, if later, on the date specified in the Notifying Lender’s 's notice under Clause 23.1 as the date on which the notified event would become effective the Borrower Borrowers shall prepay the Notifying Lender’s 's Contribution on the last day of the then current Interest Period in accordance with Clause 8.

Appears in 2 contracts

Sources: Loan Agreement (Pyxis Tankers Inc.), Loan Agreement (DryShips Inc.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower Borrowers under Clause 23.2, the Notifying Lender’s Available Commitment shall terminate; and thereupon or, if later, on terminate by no later than the date specified in the Notifying Lender’s notice under Clause 23.1 as the date on which the notified event would become effective the Borrower Borrowers shall prepay the Notifying Lender’s Contribution in accordance with Clause 8.

Appears in 2 contracts

Sources: Amending and Restating Agreement (TBS International PLC), Loan Agreement (TBS International LTD)

Prepayment; termination of Commitment. On the Facility Agent notifying the Borrower under Clause 23.2, the Notifying Lender’s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s Contribution in on the last day of the then current Interest Period accordance with Clause 8.

Appears in 2 contracts

Sources: Loan Agreement (Capital Product Partners L.P.), Loan Agreement

Prepayment; termination of Commitment. On the Agent notifying the Borrower Borrowers under Clause 23.2, the Notifying Lender’s 's Commitment shall terminatebe immediately cancelled; and thereupon or, if later, on the date specified in the Notifying Lender’s 's notice under Clause 23.1 as the date on which the notified event would become effective the Borrower Borrowers shall prepay the Notifying Lender’s 's Contribution on the last day of the then current Interest Period in accordance with Clause 8Clauses 8.10 and 8.11(a).

Appears in 2 contracts

Sources: Loan Agreement (Castor Maritime Inc.), Loan Agreement (Seanergy Maritime Holdings Corp.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower Borrowers under Clause 23.2, the Notifying Lender’s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 as the date on which the notified event would become effective the Borrower Borrowers shall prepay the Notifying Lender’s Contribution in full in accordance with Clause 8.

Appears in 1 contract

Sources: Loan Agreement (Mc Shipping Inc)

Prepayment; termination of Commitment. On the Facility Agent notifying the Borrower Borrowers under Clause 23.2, the Notifying Lender’s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 as the date on which the notified event would become effective the Borrower Borrowers shall prepay the Notifying Lender’s Contribution in on the last day of the then current Interest Period accordance with Clause 8.

Appears in 1 contract

Sources: Loan Agreement (Capital Product Partners L.P.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower Borrowers under Clause 23.223.2 (Notification of illegality), the Notifying Lender’s Lenders’ Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 as (Illegality)as the date on which the notified event would become effective the Borrower Borrowers shall prepay the Notifying Lender’s Contribution Loan in full in accordance with Clause 88 (Repayment and Prepayment).

Appears in 1 contract

Sources: Loan Agreement (Navios Maritime Partners L.P.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower Borrowers under Clause 23.224.2, the Notifying Lender▇▇▇▇▇▇’s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender▇▇▇▇▇▇’s notice under Clause 23.1 24.1 as the date on which the notified event would become effective the Borrower Borrowers shall prepay the Notifying Lender’s Contribution in accordance with Clause 8accrued interest, but without penalty, premium or breakage cost.

Appears in 1 contract

Sources: Loan Agreement (Scorpio Tankers Inc.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower under Clause 23.2, the Notifying Lender’s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s Contribution in accordance with Clause 88 (other than Clause 8.8).

Appears in 1 contract

Sources: Loan Agreement (Tsakos Energy Navigation LTD)

Prepayment; termination of Commitment. On the Agent Lender notifying the Borrower Borrowers under Clause 23.222.1, the Notifying Lender’s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s 's notice under Clause 23.1 22.1 as the date on which the notified event would become effective the Borrower Borrowers shall prepay the Notifying Lender’s Contribution Loan in accordance with Clause 87.

Appears in 1 contract

Sources: Loan Agreement (Omega Navigation Enterprises, Inc.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower under Clause 23.223.2 (Notification of illegality), the Notifying Lender’s 's Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s 's notice under Clause 23.1 (Illegality) as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s 's Contribution in accordance with Clause 88 (Repayment and Prepayment).

Appears in 1 contract

Sources: Loan Agreement (Paragon Shipping Inc.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower Borrowers under Clause 23.1 and 23.2, the Notifying Lender’s 's Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s 's notice under Clause 23.1 as the date on which the notified event would become effective the Borrower Borrowers shall prepay the Notifying Lender’s 's Contribution in accordance with Clause 8.

Appears in 1 contract

Sources: Loan Agreement (Navios Maritime Holdings Inc.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower Borrowers under Clause 23.2, the Notifying Lender’s 's Commitment shall terminatebe immediately cancelled; and thereupon or, if later, on the date specified in the Notifying Lender’s 's notice under Clause 23.1 as the date on which the notified event would become effective the Borrower Borrowers shall prepay the Notifying Lender’s 's Contribution on the last day of the then current Interest Period in accordance with Clause 8Clauses 8.10 and 8.11.

Appears in 1 contract

Sources: Loan Agreement (Paragon Shipping Inc.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower Borrowers under Clause ▇▇▇▇▇▇ 23.2, the Notifying Lender▇▇▇▇▇▇’s Available Commitment shall terminate; and thereupon or, if later, on terminate by no later than the date specified in the Notifying Lender’s notice under Clause 23.1 as the date on which the notified event would become effective the Borrower Borrowers shall prepay the Notifying Lender’s Contribution in accordance with Clause 8.

Appears in 1 contract

Sources: Amending and Restating Agreement (TBS International PLC)

Prepayment; termination of Commitment. On the Agent notifying the Borrower under Clause 23.2, the Notifying Lender’s 's Commitment shall terminateterminate (with such termination to be applied against the Acquisition Facility and the Working Capital Facility pro rata to their respective amounts); and thereupon or, if later, on the date specified in the Notifying Lender’s 's notice under Clause 23.1 as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s 's Contribution in accordance with Clause 8.

Appears in 1 contract

Sources: Loan Agreement (Crude Carriers Corp.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower Borrowers under Clause 23.2, the Notifying Lender’s 's Commitment shall terminatebe immediately cancelled; and thereupon or, if later, on the date specified in the Notifying Lender’s 's notice under Clause 23.1 as the date on which the notified event would become effective the Borrower Borrowers shall prepay the Notifying Lender’s 's Contribution on the last day of the then current Interest Period in accordance with Clause 8clauses 8.10 and 8.11(a).

Appears in 1 contract

Sources: Loan Agreement (Star Bulk Carriers Corp.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower under Clause 23.2, the Notifying Lender’s Commitment shall terminatebe immediately cancelled; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s Contribution on the last day of the then current Interest Period in accordance with Clause 8Clauses 8.11 and 8.12.

Appears in 1 contract

Sources: Loan Agreement (Capital Product Partners L.P.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower under Clause 23.2, the Notifying Lender’s Commitment shall terminate; and thereupon or, or if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s Contribution in accordance with Clause 8.

Appears in 1 contract

Sources: Loan Agreement (Star Bulk Carriers Corp.)

Prepayment; termination of Commitment. On the Facility Agent notifying the Borrower Borrowers under Clause 23.223.2 (Notification of illegality), the Notifying Lender’s 's Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s 's notice under Clause 23.1 (Illegality) as the date on which the notified event would become effective the Borrower Borrowers shall prepay the Notifying Lender’s ▇▇▇▇▇▇'s Contribution in accordance with Clause 88 (Repayment and Prepayment).

Appears in 1 contract

Sources: Loan Agreement (Costamare Bulkers Holdings LTD)

Prepayment; termination of Commitment. On the Agent notifying the Borrower under Clause 23.221.2, the Notifying Lender’s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 21.1 as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s Contribution in accordance with Clause 8.

Appears in 1 contract

Sources: Loan Agreement (DryShips Inc.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower under Clause 23.224.2, the Notifying Lender’s 's Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s 's notice under Clause 23.1 24.1 as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s 's Contribution in accordance with Clause 8, without penalty, premium or breakage costs.

Appears in 1 contract

Sources: Loan Agreement (Scorpio Tankers Inc.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower under Clause 23.2, the Notifying Lender’s L▇▇▇▇▇'s Commitment shall terminatebe immediately cancelled; and thereupon or, if later, on the date specified in the Notifying Lender’s 's notice under Clause 23.1 as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s 's Contribution on the last day of the then current Interest Period in accordance with Clause 8Clauses 8.11 and 8.12.

Appears in 1 contract

Sources: Loan Agreement (Capital Product Partners L.P.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower Borrowers under Clause 23.2, the Notifying Lender’s ▇▇▇▇▇▇'s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s ▇▇▇▇▇▇'s notice under Clause 23.1 as the date on which the notified event would become effective the Borrower Borrowers shall prepay the Notifying Lender’s 's Contribution in accordance with Clause 8.

Appears in 1 contract

Sources: Loan Agreement (EuroDry Ltd.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower Borrowers under Clause 23.2, the Notifying Lender’s Commitment shall terminatebe immediately cancelled; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 as the date on which the notified event would become effective the Borrower Borrowers shall prepay the Notifying Lender’s Contribution on the last day of the then current Interest Period in accordance with Clause 8Clauses 8.12 and 8.13(a).

Appears in 1 contract

Sources: Loan Agreement (Global Ship Lease, Inc.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower under Clause 23.2, the Notifying Lender’s Lenders’ Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s Contribution Loan in accordance with Clause 8.

Appears in 1 contract

Sources: Loan Agreement (StealthGas Inc.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower Borrowers under Clause 23.219.2, the Notifying Lender▇▇▇▇▇▇’s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 19.1 as the date on which the notified event would become effective effective, which should be not earlier than the Borrower latest date permitted by law, the Borrowers shall prepay the Notifying Lender’s Contribution in accordance with Clause 8.

Appears in 1 contract

Sources: Loan Agreement (Alma Maritime LTD)

Prepayment; termination of Commitment. On the Agent notifying the Borrower under Clause 23.2, the Notifying Lender’s L▇▇▇▇▇'s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s L▇▇▇▇▇'s notice under Clause 23.1 as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s 's Contribution in accordance with Clause 8.

Appears in 1 contract

Sources: Loan Agreement (Paragon Shipping Inc.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower under Clause 23.224.2, the Notifying Lender’s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 24.1 as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s Contribution in accordance with Clause 8.

Appears in 1 contract

Sources: Loan Agreement (Scorpio Tankers Inc.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower Borrowers under Clause 23.223.2 (Notification of illegality), the Notifying Lender’s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 (Illegality) as the date on which the notified event would become effective the Borrower Borrowers shall prepay the Notifying Lender’s Contribution in accordance with Clause 88 (Repayment and Prepayment and Cancellation).

Appears in 1 contract

Sources: Loan Agreement (Euronav NV)

Prepayment; termination of Commitment. On the Agent notifying the Borrower under Clause 23.224.2, the Notifying Lender’s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 24.1 as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s Contribution in accordance with Clause 89 (other than Clause 9.6).

Appears in 1 contract

Sources: Loan Agreement (Tsakos Energy Navigation LTD)

Prepayment; termination of Commitment. On the Agent notifying the Borrower under Clause 23.225.2, the Notifying Lender’s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 25.1 as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s Contribution in accordance with Clause 88 and procure the release of the Guarantee Obligations.

Appears in 1 contract

Sources: Loan and Guarantee Facility Agreement (DryShips Inc.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower under Clause 23.2, the Notifying Lender’s Commitment shall terminateterminate (with such termination to be applied against the Acquisition Facility and the Working Capital Facility pro rata to their respective amounts); and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s Contribution in accordance with Clause 8.

Appears in 1 contract

Sources: Loan Agreement (Crude Carriers Corp.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower under Clause 23.222.2, the Notifying Lender’s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 22.1 as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s Contribution in accordance with Clause 8.

Appears in 1 contract

Sources: Loan Agreement (GasLog Ltd.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower under Clause 23.224.2, the Notifying Lender’s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender▇▇▇▇▇▇’s notice under Clause 23.1 24.1 as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s Contribution in accordance with Clause 8accrued interest, but without penalty, premium or breakage cost.

Appears in 1 contract

Sources: Credit Agreement (Scorpio Bulkers Inc.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower Borrowers under Clause 23.223.2 (Notification of illegality), the Notifying Lender’s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 (Illegality) as the date on which the notified event would become effective the Borrower Borrowers shall prepay the Notifying Lender’s Contribution in accordance with Clause 88 (Repayment and Prepayment).

Appears in 1 contract

Sources: Term Loan Facility Agreement (Navios Maritime Partners L.P.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower under Clause 23.224.2, the Notifying Lender’s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 24.1 as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s Contribution in accordance with Clause 8accrued interest, but without penalty, premium or breakage cost.

Appears in 1 contract

Sources: Credit Agreement (Scorpio Bulkers Inc.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower Borrowers under Clause 23.223.2 (Notification of Illegality), the Notifying Lender’s 's Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s L▇▇▇▇▇'s notice under Clause 23.1 (Illegality) as the date on which the notified event would become effective the Borrower Borrowers shall prepay the Notifying Lender’s L▇▇▇▇▇'s Contribution in full in accordance with Clause 88 (Repayment and Prepayment).

Appears in 1 contract

Sources: Loan Agreement (Navios Maritime Partners L.P.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower Borrowers under Clause 23.2, the Notifying Lender’s ▇▇▇▇▇▇'s Commitment shall terminatebe immediately cancelled; and thereupon or, if later, on the date specified in the Notifying Lender’s 's notice under Clause 23.1 as the date on which the notified event would become effective the Borrower Borrowers shall prepay the Notifying Lender’s 's Contribution on the last day of the then current Interest Period in accordance with Clause 8.

Appears in 1 contract

Sources: Loan Agreement (Star Bulk Management Inc.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower Borrowers under Clause 23.222.2, the Notifying Lender’s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 22.1 as the date on which the notified event would become effective the Borrower Borrowers shall prepay the Notifying Lender’s Contribution in accordance with Clause 8.

Appears in 1 contract

Sources: Loan Agreement (Euronav NV)

Prepayment; termination of Commitment. On the Agent notifying the Borrower Borrowers under Clause 23.2, the Notifying Lender’s Lenders' Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s 's notice under Clause 23.1 as the date on which the notified event would become effective the Borrower Borrowers shall prepay the Notifying Lender’s Contribution Loan in accordance with Clause 8.

Appears in 1 contract

Sources: Loan Agreement (Dynagas LNG Partners LP)