Common use of Affected Banks Clause in Contracts

Affected Banks. (a) The relevant Borrower may and, where required under this Agreement shall prepay (in whole but not in part only), without premium or penalty, subject to clause 6.6, the whole of the Contributions to all the Facilities of any Affected Bank. Upon any such notice of such prepayment being given, or as provided for in clause 14.1, the Commitments of the relevant Bank to all the relevant Facilities shall be reduced to zero and the undrawn amount of the Total Commitments in respect of all the Facilities shall be reduced accordingly.

Appears in 3 contracts

Samples: Facilities Agreement (Tu Acquisitions PLC), Facilities Agreement (Texas Utilities Co /Tx/), Facilities Agreement (Texas Utilities Electric Co)

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Affected Banks. (a) The relevant Borrower may and, where required under this Agreement shall prepay (in whole but not in part only), without premium or penalty, subject to clause 6.613.1, the whole of the Contributions to all the Facilities Facility of any Affected Bank. Upon any such notice of such prepayment being given, or as provided for in clause 14.1, the Commitments of the relevant Bank to all the relevant Facilities Facility shall be reduced to zero and the undrawn amount of the Total Commitments in respect of all the Facilities Facility shall be reduced accordingly.

Appears in 1 contract

Samples: Facility Agreement (Texas Utilities Electric Co)

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