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

Right of repayment and cancellation in relation to a single Lender. (a) If: (i) any sum payable to any Lender by the Borrower is required to be increased under paragraph (c) of Clause 13.2 (Tax gross-up); or (ii) any Lender claims indemnification from the Borrower under Clause 13.3 (Tax indemnity) or Clause 14.1 (Increased costs) the Borrower may, whilst the circumstance giving rise to the requirement or indemnification continues, give the Facility Agent notice of cancellation of the Commitment of that Lender and its intention to procure the repayment of that Lender’s participation in the Advances. (b) On receipt of a notice referred to in paragraph (a) above, the Commitment of that Lender shall immediately be reduced to zero. (c) On the last day of each Interest Period in respect of an Advance which ends after the Borrower has given notice under paragraph (a) above (or, if earlier, the date specified by the Borrower in that notice), the Borrower shall repay that Lender’s participation in that Advance.

Right of repayment and cancellation in relation to a single Lender. 76 (a) If: (i) any sum payable to any Lender by the Borrower is required to be increased under paragraph (c) of Clause 13.2 13.1 (Tax gross-upGross‑up); or (ii) any Lender claims indemnification from the Borrower under Clause 13.3 13.2 (Tax indemnityIndemnity) or Clause 14.1 (Increased costs) Costs), the Borrower may, whilst the circumstance giving rise to the requirement or for indemnification continues, give the Facility BPIFAE Agent notice of cancellation of the Commitment of that Lender and its intention to procure the repayment of that Lender’s participation in the AdvancesLoans. (b) On receipt of a notice of cancellation referred to in paragraph (a) above, the Commitment of that Lender shall immediately be reduced to zerozero (0). (c) On the last day of each Interest Period in respect of an Advance which ends after the Borrower has given notice of cancellation under paragraph (a) above (or, if earlier, the date specified by the Borrower in that notice), the Borrower shall repay that Lender’s participation in that AdvanceLoan.

Right of repayment and cancellation in relation to a single Lender. (a) If: (i) any sum payable to any Lender by the Borrower an Obligor is required to be increased under paragraph (c) of Clause 13.2 14.2 (Tax gross-up); or (ii) any Lender claims indemnification from the Borrower Borrowers under Clause 13.3 14.3 (Tax indemnity) or Clause 14.1 15.1 (Increased costs) ), the Borrower Borrowers may, whilst the circumstance giving rise to the requirement or for indemnification continues, give the Facility Agent notice of cancellation of the Commitment of that Lender and its intention to procure the repayment of that Lender’s participation in the AdvancesLoans. (b) On receipt of a notice referred to in paragraph (a) above, the Commitment of that Lender shall immediately be reduced to zero. (c) On the last day of each Interest Period in respect of an Advance which ends after the Borrower has Borrowers have given notice under paragraph (a) above (or, if earlier, the date specified by the Borrower Borrowers in that notice), the each Borrower to which a Loan is outstanding shall repay that Lender’s participation in that AdvanceLoan.

Right of repayment and cancellation in relation to a single Lender. (a) If: (i) any sum payable to any Lender by the Borrower under a Finance Document is required to be increased under paragraph (c) of Clause 13.2 11.2 (Tax gross-up); or (ii) any Lender claims indemnification from the Borrower under Clause 13.3 11.3 (Tax indemnity) or Clause 14.1 12.1 (Increased costs) Costs), the Borrower may, whilst the circumstance giving rise to the requirement for that increase or indemnification continues, give the Facility Agent notice of cancellation of the Commitment of that Lender and its intention to procure the repayment of that Lender’s participation in the AdvancesLoans. (b) On receipt of a notice of cancellation referred to in paragraph (a) above, the Commitment of that Lender shall immediately be reduced to zero. (c) On the last day of each Interest Period in respect of an Advance which ends after the Borrower has given notice of cancellation under paragraph (a) above (or, if earlier, the date specified by the Borrower in that notice), the Borrower shall repay that Lender’s participation in that Advancethe Loans.

Right of repayment and cancellation in relation to a single Lender. (a) If: (i) any sum payable to any Lender by the Borrower an Obligor is required to be increased under paragraph (c) of Clause 13.2 (Tax gross-up); or (ii) any Lender claims indemnification from the Borrower under Clause 13.3 (Tax indemnity) or Clause 14.1 (Increased costs) ), the Borrower may, whilst the circumstance giving rise to the requirement or indemnification continues, give the Facility Agent notice of cancellation of the Commitment of that Lender and its intention to procure the repayment of that Lender’s participation in the AdvancesLoans. (b) On receipt of a notice referred to in paragraph (a) above, the Commitment Commitments of that Lender shall immediately be reduced to zero. (c) On the last day of each Interest Period in respect of an Advance which ends after the Borrower has given notice under paragraph (a) above (or, if earlier, the date specified by the Borrower in that notice), the Borrower shall repay that Lender’s participation in that AdvanceLoan.

Right of repayment and cancellation in relation to a single Lender. (a) If: (i) any sum payable to any Lender by the Borrower is required to be increased under paragraph (c) of Clause 13.2 12.2 (Tax gross-up); or (ii) any Lender claims indemnification from the Borrower under Clause 13.3 12.3 (Tax indemnity) or Clause 14.1 13 (Increased costs) ), the Borrower may, whilst the circumstance giving rise to the requirement or indemnification continues, give the Facility Agent notice of cancellation of the Commitment of that Lender and its intention to procure the repayment of that Lender’s participation in the AdvancesLoan. (b) On receipt of a notice referred to in paragraph (a) above, the Commitment of that Lender shall immediately be reduced to zero. (c) On the last day of each Interest Period in respect of an Advance which ends after the Borrower has given notice under paragraph (a) above (or, if earlier, the date specified by the Borrower in that notice), the Borrower shall repay that Lender’s participation in that AdvanceLoan.

Right of repayment and cancellation in relation to a single Lender. (a) If: (i) any sum payable to any Lender by the Borrower an Obligor is required to be increased under paragraph Clause 12.1 (c) of Clause 13.2 (Tax grossGross-upup for Taxes); or (ii) any Lender claims indemnification from the Borrower under Clause 13.3 12.2 (Tax indemnityIndemnity) or Clause 14.1 13.1 (Increased costs) ); the Borrower may, whilst so long as the circumstance giving rise to the requirement or indemnification continues, give the Facility Agent notice of cancellation of the Commitment of that Lender and its intention to procure the repayment of that Lender’s participation in the AdvancesLoans. (b) On receipt of a notice referred to in paragraph (a) above, the Commitment of that Lender shall immediately be reduced to zero. (c) On the last day of each Interest Period in respect of an Advance which ends after the Borrower has given notice under paragraph (a) above (or, if earlier, the date specified by the Borrower in that notice), the Borrower shall repay that Lender’s participation in that AdvanceLoan.

Right of repayment and cancellation in relation to a single Lender. (a) 9.6.1 If: (ia) any sum payable to any Lender by the Borrower is required to be increased under paragraph (c) of Clause 13.2 14.2.3 (Tax gross-up); or (iib) any Lender claims indemnification from the Borrower under Clause 13.3 14.3 (Tax indemnity) or Clause 14.1 15.1 (Increased costs) ), the Borrower may, whilst the circumstance giving rise to the requirement for that increase or indemnification continues, give the Facility Agent notice of cancellation of the Commitment of that Lender and its intention to procure the repayment of that Lender’s participation in the AdvancesUtilisations. (b) 9.6.2 On receipt of a notice referred to in paragraph (aClause 9.6.1(a) above, the Commitment of that Lender shall immediately be reduced to zero. (c) 9.6.3 On the last day of each Interest Period in respect of an Advance which ends after the Borrower has given notice under paragraph (aClause 9.6.1(a) above (or, if earlier, the date specified by the Borrower in that notice), the Borrower shall repay that Lender’s participation in that AdvanceUtilisation.

Right of repayment and cancellation in relation to a single Lender. (a) If: (i) any sum payable to any Lender by the Borrower is required to be increased under paragraph (c) of Clause 13.2 (Tax gross-up); or; (ii) any Lender claims indemnification from the Borrower under Clause 13.3 (Tax indemnity) or Clause 14.1 (Increased costs) ), the Borrower may, whilst the circumstance giving rise to the requirement or indemnification continues, give the Facility Agent notice of cancellation of the Commitment of that Lender and its intention to procure the repayment of that Lender’s participation in the AdvancesLoans. (b) On receipt of a notice referred to in paragraph (a) above, the Commitment of that Lender shall immediately be reduced to zero. (c) On the last day of each Interest Period in respect of an Advance which ends after the Borrower has given notice under paragraph (a) above (or, if earlier, the date specified by the Borrower in that notice), the Borrower shall repay that Lender’s participation in that AdvanceLoan.

Right of repayment and cancellation in relation to a single Lender. (a) If: (i) any sum payable to any Lender by the Borrower an Obligor is required to be increased under paragraph (c) of Clause 13.2 12.2 (Tax gross-up); or (ii) any Lender claims indemnification from the Borrower under Clause 13.3 12.3 (Tax indemnity) or Clause 14.1 13.1 (Increased costs) ), the Borrower may, whilst the circumstance giving rise to the requirement or for indemnification continues, give the Facility Agent notice of cancellation of the Commitment of that Lender and its intention to procure the repayment of that Lender’s participation in the AdvancesLoans. (b) On receipt of a notice referred to in paragraph (a) above, the Commitment of that Lender shall immediately be reduced to zero. (c) On the last day of each Interest Period in respect of an Advance which ends after the Borrower has given notice under paragraph (a) above (or, if earlier, the date specified by the Borrower in that notice), the Borrower to which the Loan is outstanding shall repay that Lender’s participation in that AdvanceLoan.

Right of repayment and cancellation in relation to a single Lender. (a) If: (i) any sum payable to any Lender by the Borrower an Obligor is required to be increased under paragraph (c) of Clause 13.2 14.2 (Tax gross-up); or (ii) any Lender claims indemnification from the Borrower or an Obligor under Clause 13.3 14.3 (Tax indemnity) or Clause 14.1 15.1 (Increased costs) ), the Borrower may, whilst the circumstance giving rise to the requirement or for indemnification continues, give the Facility Agent notice of cancellation of the Commitment of that Lender and its intention to procure the repayment of that Lender’s participation in the AdvancesLoans. (b) On receipt of a notice referred to in paragraph (a) above, the Commitment of that Lender shall immediately be reduced to zero. (c) On the last day of each Interest Period in respect of an Advance which ends after the Borrower has given notice under paragraph (a) above (or, if earlier, the date specified by the Borrower in that notice), the Borrower shall repay that Lender’s participation in that Advancethe relevant Loan together with all interest and other amounts accrued under the Finance Documents.

Right of repayment and cancellation in relation to a single Lender. (a) If: (i) any sum payable to any Lender by the Borrower an Obligor is required to be increased under paragraph (c) of Clause 13.2 (Tax gross-up); or (ii) any Lender claims indemnification from the Borrower under Clause 13.3 (Tax indemnity) or Clause 14.1 (Increased costs) ), the Borrower may, whilst the circumstance giving rise to the requirement or indemnification continues, give the Facility Agent notice of cancellation of the Commitment of that Lender and its intention to procure the repayment of that Lender’s participation in the AdvancesLoans. (b) On receipt of a notice referred to in paragraph (a) above, the Commitment of that Lender shall immediately be reduced to zero. (c) On the last day of each Interest Period in respect of an Advance which ends after the Borrower has given notice under paragraph (a) above (or, if earlier, the date specified by the Borrower in that notice), the Borrower shall repay that Lender’s participation in that AdvanceLoan.

Right of repayment and cancellation in relation to a single Lender. (a) If: (i) any sum payable to any Lender by the Borrower an Obligor is required to be increased under paragraph (c) of Clause 13.2 15.2 (Tax gross-up); or (ii) any Lender claims indemnification from the Borrower Company under Clause 13.3 15.3 (Tax indemnity) or Clause 14.1 16.1 (Increased costs) ), the Borrower may, whilst the circumstance giving rise to the requirement or for indemnification continues, give the Facility Agent notice of cancellation of the Commitment of that Lender and its intention to procure the repayment of that Lender’s participation in the AdvancesLoans. (b) On receipt of a notice referred to in paragraph (a) above, the Commitment of that Lender shall immediately be reduced to zero. (c) On the last day of each Interest Period in respect of an Advance which ends after the Borrower has given notice under paragraph (a) above (or, if earlier, the date specified by the Borrower in that notice), the Borrower shall repay that Lender’s participation in that Advanceeach Loan.

Right of repayment and cancellation in relation to a single Lender. (a) 9.5.1 If: (ia) any sum payable to any Lender by the Borrower an Obligor is required to be increased under paragraph (c) of Clause 13.2 14.2 (Tax gross-up); or (iib) any Lender claims indemnification from the Borrower under Clause 13.3 14.3 (Tax indemnity) or Clause 14.1 15.1 (Increased costs) ), the Borrower may, whilst the circumstance giving rise to the requirement or indemnification continues, give the Facility Agent notice of cancellation of the Commitment of that Lender and its intention to procure the repayment of that Lender’s participation in the AdvancesLoans. (b) 9.5.2 On receipt of a notice referred to in paragraph (a) sub-clause 9.5.1 above, the Commitment of that Lender shall immediately be reduced to zero. (c) 9.5.3 On the last day of each Interest Period in respect of an Advance which ends after the Borrower has given notice under paragraph (a) sub-clause 9.5.1 above (or, if earlier, the date specified by the Borrower in that notice), the Borrower shall repay that Lender’s participation in that Advancethe Loans, together with all sums payable to it by the Borrower under Clause 15.1 (Increased costs).

Right of repayment and cancellation in relation to a single Lender. (a) If: (i) any sum payable to any Lender by the Borrower is required to be increased under paragraph (c) of Clause 13.2 (Tax gross-up); or (ii) any Lender claims indemnification from the Borrower under Clause 13.3 (Tax indemnity) or Clause 14.1 (Increased costs) ), the Borrower may, whilst the circumstance giving rise to the requirement or indemnification continues, give the Facility Agent notice of cancellation of the Commitment of that Lender and its intention to procure the repayment of that Lender’s 's participation in the AdvancesLoans. (b) On receipt of a notice referred to in paragraph (a) above, the Commitment of that Lender shall immediately be reduced to zero. (c) On the last day of each Interest Period in respect of an Advance which ends after the Borrower has given notice under paragraph (a) above (or, if earlier, the date specified by the Borrower in that notice), the Borrower shall repay that Lender’s 's participation in that AdvanceLoan.

Right of repayment and cancellation in relation to a single Lender. (a) If: (i) any sum payable to any Lender by the Borrower is required to be increased under paragraph (cclause ‎12.2(c) of Clause 13.2 (Tax gross-up); or (ii) any Lender claims indemnification from the Borrower under Clause 13.3 clause ‎12.3 (Tax indemnity) or Clause 14.1 clause 13.1‎ (Increased costs) ), the Borrower may, whilst the circumstance giving rise to the requirement for that increase or indemnification continues, give the Facility Agent notice of cancellation of the Commitment of that Lender and its intention to procure the repayment of that Lender’s 's participation in the AdvancesLoan. (b) On receipt of a notice of cancellation referred to in paragraph (a) aboveclause 7.7(a), the Commitment of that Lender shall immediately be reduced to zero. (c) On the last day of each Interest Period in respect of an Advance which ends after the Borrower has given notice of cancellation under paragraph (aclause 7.7(a) above (or, if earlier, the date specified by the Borrower in that notice), the Borrower to which a Loan is outstanding shall repay that Lender’s 's participation in that AdvanceLoan.

Right of repayment and cancellation in relation to a single Lender. (a) If: (i) any sum payable to any Lender by the Borrower is required to be increased under paragraph (c) of Clause 13.2 (Tax gross-up) or Clause 13.6 (Indirect tax); or (ii) any Lender claims indemnification from the Borrower under Clause 13.3 (Tax indemnity) or Clause 14.1 14 (Increased costs) Costs), the Borrower may, whilst the circumstance giving rise to the requirement or indemnification continues, give the Facility Agent notice of cancellation of the Commitment of that Lender and its intention to procure the repayment of that Lender’s participation in the AdvancesLoan. (b) On receipt of a notice referred to in paragraph (a) above, the Commitment of that Lender shall immediately be reduced to zero. (c) On the last day of each the Interest Period in respect of an Advance which ends after the Borrower has given notice under paragraph (a) above (or, if earlier, the date specified by the Borrower in that notice), the Borrower shall repay that Lender’s participation in that Advancethe Loan.

Right of repayment and cancellation in relation to a single Lender. (a) If: (i) any sum payable to any Lender by the Borrower is required to be increased under paragraph (c) of Clause clause 13.2 (Tax gross-up); or (ii) any Lender claims indemnification from the Borrower under Clause clause 13.3 (Tax indemnity) or Clause clause 14.1 (Increased costs) ); the Borrower may, whilst the circumstance giving rise to the requirement or indemnification continues, give the Facility Agent notice of cancellation of the Commitment of that Lender and its intention to procure the repayment of that Lender’s 's participation in the AdvancesLoans. (b) On receipt of a notice referred to in paragraph (a) above), the Commitment of that Lender shall immediately be reduced to zero. (c) On the last day of each Interest Period in respect of an Advance which ends after the Borrower has given notice under paragraph (a) above (or, if earlier, the date specified by the Borrower in that notice), the Borrower shall repay that Lender’s 's participation in that AdvanceLoan.

Right of repayment and cancellation in relation to a single Lender. (a) If: (i) any sum payable to any Lender by the Borrower an Obligor is required to be increased under paragraph (c) of Clause 13.2 12.2 (Tax gross-up); or (ii) any Lender claims indemnification from the Borrower Parent under Clause 13.3 12.9 (Tax indemnityIndemnity) or Clause 14.1 13 (Increased costs) Costs), the Borrower Parent may, whilst the circumstance giving rise to the requirement or for indemnification continues, give the Facility Agent notice of cancellation of the Commitment of that Lender and its intention to procure the repayment of that Lender▇▇▇▇▇▇’s participation in the AdvancesLoans. (b) On receipt of a notice referred to in paragraph (a) above, the Available Commitment of that Lender shall immediately be reduced to zero. (c) On the last day of each Interest Period in respect of an Advance which ends after the Borrower Parent has given notice under paragraph (a) above (or, if earlier, the date specified by the each Borrower in that notice), the Borrower to which a Loan is outstanding shall repay that Lender▇▇▇▇▇▇’s participation in that AdvanceLoan and the Commitment of the Lender shall immediately be reduced to zero.

Right of repayment and cancellation in relation to a single Lender. (a) If: (i) any sum payable to any Lender by the Borrower is required to be increased under paragraph (c) of Clause 13.2 (Tax gross-up); or (ii) any Lender claims indemnification from the Borrower under Clause 13.3 (Tax indemnity) or Clause 14.1 (Increased costs) ), the Borrower may, whilst the circumstance giving rise to the requirement or indemnification continues, give the Facility Agent notice of cancellation of the Commitment of that Lender and its intention to procure the repayment of that Lender’s participation in the AdvancesLoans. (b) On receipt of a notice referred to in paragraph (a) above, the Commitment of that Lender shall immediately be reduced to zero. (c) On the last day of each Interest Period in respect of an Advance which ends after the Borrower has given notice under paragraph (a) above (or, if earlier, the date specified by the Borrower in that notice), the Borrower shall repay that Lender’s participation in that Advanceeach Loan.

Right of repayment and cancellation in relation to a single Lender. (a) If: (i) any sum payable to any Lender by the Borrower an Obligor is required to be increased under paragraph (c) of Clause 13.2 (Tax gross-up); or (ii) any Lender claims indemnification from the Borrower under Clause 13.3 (Tax indemnity) or Clause 14.1 14 (Increased costs) ), the Borrower may, whilst the circumstance giving rise to the requirement or indemnification continues, give the Facility Agent notice of cancellation of the Commitment of that Lender and its intention to procure the repayment of that Lender’s participation in the AdvancesLoans. (b) On receipt of a notice referred to in paragraph (a) above, the Commitment of that Lender shall immediately be reduced to zero. (c) On the last day of each Interest Period in respect of an Advance which ends after the Borrower has given notice under paragraph (a) above (or, if earlier, the date specified by the Borrower in that notice), the Borrower shall repay that Lender’s participation in that Advanceeach Loan.