Terms and conditions for mandatory prepayments and cancellation. Application Unless otherwise specified in this Clause 8, all mandatory prepayments and/or cancellations (as the case may be) made under this Clause 8 shall be applied pro rata between the Facilities, and for the Term Loan Facility, pro rata against the scheduled repayments. Upon any such prepayments and/or cancellations, the Agent shall, if applicable, replace Schedule 8 (Repayments) with an amended and new repayment schedule reflecting the correct scheduled amounts and provide a copy to the Borrower and the Lenders thereof.
Appears in 2 contracts
Sources: Term Loan and Revolving Credit Facilities Agreement, Term Loan and Revolving Credit Facilities Agreement (Seadrill Partners LLC)