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 a Bank under Clause 13 (Taxes) or Clause 15 (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 Facility Agent. In this event:-

Appears in 2 contracts

Samples: Agreement (Azurix Corp), Subordination Agreement (Azurix Corp)

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Additional right of prepayment and cancellation. If the Company any Borrower is required to pay any amount to a Bank under Clause 13 11 (Taxes) or Clause 15 13 (Increased costsCosts), the Company may, whilst the circumstances giving rise to the requirement continue, serve a notice of prepayment and cancellation on that Bank through the Facility Agent. In this event:-that event:

Appears in 2 contracts

Samples: Agreement (WDR Acquisition Corp), Agreement (S Acquisition Corp)

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