ADDITIONAL RIGHT OF PREPAYMENT AND CANCELLATION. If: (a) Funding 1 is required to pay to the Funding 1 Liquidity Facility Provider any additional amounts under CLAUSE 10 (Taxes); or (b) Funding 1 is required to pay to the Funding 1 Liquidity Facility Provider any amount under CLAUSE 12 (Increased costs), then, without prejudice to the obligations of Funding 1 under those Clauses, Funding 1 may, whilst the circumstances continue, give a notice of prepayment and cancellation to the Funding 1 Liquidity Facility Provider with a copy to the Security Trustee. On the date falling five London Business Days after the date of giving of the notice: (i) Funding 1 shall prepay the Funding 1 Liquidity Facility Loans; and (ii) the Funding 1 Liquidity Facility Commitment shall be cancelled.
Appears in 4 contracts
Samples: Funding Liquidity Facility Agreement (Permanent Mortgages Trustee LTD), Funding Liquidity Facility Agreement (Permanent Mortgages Trustee LTD), Funding Liquidity Facility Agreement (Permanent Financing (No. 6) PLC)
ADDITIONAL RIGHT OF PREPAYMENT AND CANCELLATION. If:
(a) Funding 1 is required to pay to the Funding 1 Liquidity Facility Provider any additional amounts under CLAUSE 10 (Taxes); or
(b) Funding 1 is required to pay to the Funding 1 Liquidity Facility Provider any amount under CLAUSE 12 (Increased costs), then, without prejudice to the obligations of Funding 1 under those Clauses, Funding 1 may, whilst the circumstances continue, give a notice of prepayment and cancellation to the Funding 1 Liquidity Facility Provider with a copy to the Security Trustee. On the date falling five London Business Days after the date of giving of the notice:
(i) Funding 1 shall prepay the Funding 1 Liquidity Facility Loans and any Funding 1 Liquidity Facility Stand-by Loans; and
(ii) the Funding 1 Liquidity Facility Commitment shall be cancelled.
Appears in 4 contracts
Samples: Funding Liquidity Facility Agreement (Permanent Mortgages Trustee LTD), Funding Liquidity Facility Agreement (Permanent Financing (No. 8) PLC), Funding Liquidity Facility Agreement (Permanent Mortgages Trustee LTD)
ADDITIONAL RIGHT OF PREPAYMENT AND CANCELLATION. If:
(a) Funding 1 is required to pay to the Funding 1 Liquidity Facility Provider any additional amounts under CLAUSE Clause 10 (Taxes); or
(b) Funding 1 is required to pay to the Funding 1 Liquidity Facility Provider any amount under CLAUSE Clause 12 (Increased costs), then, without prejudice to the obligations of Funding 1 under those Clauses, Funding 1 may, whilst the circumstances continue, give a notice of prepayment and cancellation to the Funding 1 Liquidity Facility Provider with a copy to the Security Trustee. On the date falling five London Business Days after the date of giving of the notice:
(i) Funding 1 shall prepay the Funding 1 Liquidity Facility Loans; and
(ii) the Funding 1 Liquidity Facility Commitment shall be cancelled.
Appears in 3 contracts
Samples: Funding Liquidity Facility Agreement (Permanent Mortgages Trustee LTD), Funding Liquidity Facility Agreement (Permanent Mortgages Trustee LTD), Funding Liquidity Facility Agreement (Permanent Mortgages Trustee LTD)
ADDITIONAL RIGHT OF PREPAYMENT AND CANCELLATION. IfIF:
(a) Funding 1 is required to pay to the Funding 1 Liquidity Facility Provider any additional amounts under CLAUSE 10 (Taxes); or
(b) Funding 1 is required to pay to the Funding 1 Liquidity Facility Provider any amount under CLAUSE 12 (Increased costs), then, without prejudice to the obligations of Funding 1 under those Clauses, Funding 1 may, whilst the circumstances continue, give a notice of prepayment and cancellation to the Funding 1 Liquidity Facility Provider with a copy to the Security Trustee. On the date falling five London Business Days after the date of giving of the notice:
(i) Funding 1 shall prepay the Funding 1 Liquidity Facility Loans and any Funding 1 Liquidity Facility Stand-by Loans; and
(ii) the Funding 1 Liquidity Facility Commitment shall be cancelled.
Appears in 1 contract
Samples: Funding Liquidity Facility Agreement (Permanent Mortgages Trustee LTD)