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: (a) the Company shall prepay that Bank’s participation in all the Loans together with all other amounts payable by it to that Bank under this Agreement; and (b) the Bank’s Commitment shall be cancelled.

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: (a) the Company shall prepay that Bank’s participation in all the Loans Utilisations together with all other amounts payable by it to that Bank under this Agreement; and (b) the Bank’s Commitment Commitments shall be cancelled.

ADDITIONAL RIGHT OF PREPAYMENT AND CANCELLATION. If If: (A) any Obligor is required to pay to a Bank any additional amount under Clause 11 (Taxes); or (B) the Company is required to pay to a Bank any amount to or for the account of a Bank under Clause 11 (Taxes) or Clause 13 (Increased Costs) costs), then, without prejudice to the obligations of any Obligor under those Clauses, 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:notice:- (ai) the Company each Borrower shall prepay that Bank’s participation in all the Loans together with all other amounts payable by it made to that Bank under this Agreementit; and (bii) the Bank’s Commitment of that Bank shall be cancelled.