Common use of Right of cancellation and repayment in relation to a single Lender Clause in Contracts

Right of cancellation and repayment in relation to a single Lender. 7.4.1 If: (a) any sum payable to any Lender by an Obligor is required to be increased under clause 14.2.3 (Tax gross-up); or (b) any Lender claims indemnification from the Borrower or an Obligor under clause 14.3 (Tax indemnity) or clause 15.1 (Increased costs), the Borrower may, whilst the circumstance giving rise to the requirement or indemnification continues, give the Agent notice of cancellation of the Commitments of that Lender and its intention to procure the repayment of that Lender's participation in the Loans. 7.4.2 On receipt of a notice referred to in clause 7.4.1 in relation to a Lender, the Commitments of that Lender shall immediately be reduced to zero. 7.4.3 On the last day of each Interest Period for a Loan which ends after the Borrower has given notice under clause 7.4.1 in relation to a Lender (or, if earlier, the date specified by the Borrower in that

Right of cancellation and repayment in relation to a single Lender. 7.4.1 If: (a) any sum payable to any Lender by an Obligor is required to be increased under clause 14.2.3 Clause 14.2 (Tax gross-up); or (b) any Lender claims indemnification from the Borrower Obligors’ Agent or an Obligor under clause Clause 14.3 (Tax indemnity) or clause Clause 15.1 (Increased costs), the Borrower Obligors’ Agent may, whilst the circumstance giving rise to the requirement or indemnification continues, give the Agent notice of cancellation of the Commitments Commitment of that Lender and its intention to procure the repayment of that Lender's ’s participation in the Loans. 7.4.2 On receipt of a notice referred to in clause Clause 7.4.1 above in relation to a Lender, the Commitments Commitment of that Lender shall immediately be reduced to zero. 7.4.3 On the last day of each Interest Period for a Loan which ends after the Borrower Obligors’ Agent has given notice under clause Clause 7.4.1 above in relation to a Lender (or, if earlier, the date specified by the Obligors’ Agent in that notice), the Borrower shall repay that Lender’s participation in thatthat Loan together with all interest and other amounts accrued under the Finance Documents.

Right of cancellation and repayment in relation to a single Lender. 7.4.1 7.5.1 If: (a) any sum payable to any Lender by an Obligor the Borrower is required to be increased under clause 14.2.3 Clause 13.2 (Tax gross-up); or (b) any Lender claims indemnification from the Borrower or an Obligor borrower under clause 14.3 Clause 13.3 (Tax indemnityIndemnity) or clause 15.1 Cause 14 (Increased costs), the Borrower may, whilst the circumstance giving rise to the requirement or for indemnification continues, give the Senior Agent notice of cancellation of the Commitments Commitment of that Lender and its intention to procure the repayment of that Lender's ’s participation in the Loans. 7.4.2 7.5.2 On receipt of a notice referred to in clause 7.4.1 Clause 7.5.1 in relation to a Lender, the Commitments Commitment of that Lender shall immediately be reduced to zero. 7.4.3 7.5.3 On the last day of each Interest Period for a Loan which ends after the Borrower has given notice under clause 7.4.1 Clause 7.5.1 in relation to a Lender (or, if earlier, the date specified by the Borrower in thatthat notice), the Borrower shall repay that Lender’s participation in the Loans together with all interest and other amounts accrued under the Finance Documents.

Right of cancellation and repayment in relation to a single Lender. 7.4.1 If: (a) any sum payable to any Lender by an Obligor is required to be increased under clause 14.2.3 Clause 14.2 (Tax gross-up); or (b) any Lender claims indemnification from the Borrower Obligors’ Agent or an Obligor under clause Clause 14.3 (Tax indemnity) or clause Clause 15.1 (Increased costs), the Borrower Obligors’ Agent may, whilst the circumstance giving rise to the requirement for that increase or indemnification continues, give the Agent notice of cancellation of the Commitments Commitment of that Lender and its intention to procure the repayment of that Lender's ’s participation in the Loans. 7.4.2 On receipt of a notice referred to in clause Clause 7.4.1 above in relation to a Lender, the Commitments Commitment of that Lender shall immediately be reduced to zero. 7.4.3 On the last day of each Interest Period for a Loan which ends after the Borrower Obligors’ Agent has given notice under clause Clause 7.4.1 above in relation to a Lender (or, if earlier, the date specified by the Obligors’ Agent in that notice), each Borrower to whom a Loan is outstanding shall repay that Lender’s participation in thatthat Loan together with all interest and other amounts accrued under the Finance Documents.

Right of cancellation and repayment in relation to a single Lender. 7.4.1 7.5.1 If: (a) any sum payable to any Lender by an Obligor the Borrower is required to be increased under clause 14.2.3 Clause13.2 (Tax gross-up); or (b) any Lender claims indemnification from the Borrower or an Obligor borrower under clause 14.3 Clause 13.3 (Tax indemnityIndemnity) or clause 15.1 Cause 14 (Increased costs), the Borrower may, whilst the circumstance giving rise to the requirement or for indemnification continues, give the Senior Agent notice of cancellation of the Commitments Commitment of that Lender and its intention to procure the repayment of that Lender's ’s participation in the Loans. 7.4.2 7.5.2 On receipt of a notice referred to in clause 7.4.1 Clause 7.5.1 in relation to a Lender, the Commitments Commitment of that Lender shall immediately be reduced to zero. 7.4.3 7.5.3 On the last day of each Interest Period for a Loan which ends after the Borrower has given notice under clause 7.4.1 Clause 7.5.1 in relation to a Lender (or, if earlier, the date specified by the Borrower in thatthat notice), the Borrower shall repay that Lender’s participation in the Loans together with all interest and other amounts accrued under the Finance Documents.