Common use of Additional right of prepayment and cancellation Clause in Contracts

Additional right of prepayment and cancellation. If the Company is required to pay any amount to or for the account of a Bank under Clause 11 (Taxes) or Clause 13 (Increased Costs) the Company may, whilst the circumstances giving rise to the requirement continue, serve a notice of prepayment and cancellation on that Bank through the Agent. On the date falling five Business Days after the date of service of the notice:

Appears in 2 contracts

Samples: Agreement (Scottish Power PLC), Agreement (Scottish Power PLC)

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Additional right of prepayment and cancellation. If the Company is required to pay any amount to or for the account of a Bank under Clause 11 16 (Taxes) or Clause 13 18 (Increased Costs) the Company may, whilst the circumstances giving rise to the requirement continue, serve a notice of prepayment and cancellation on that Bank through the Agent. On the date falling five Business Days after the date of service of the notice:

Appears in 1 contract

Samples: Agreement (Scottish Power PLC)

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Additional right of prepayment and cancellation. If the Company any Obligor is required to pay any amount to or for the account of a Bank under Clause 11 13 (Taxes) or Clause 13 15 (Increased Costs) costs), the Company may, whilst the circumstances giving rise to the requirement continue, serve a notice of prepayment and cancellation on that Bank through the Agent. On the date falling five Business Days after the date of service of the notice:

Appears in 1 contract

Samples: Agreement (Celltech Group PLC)

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