Common use of Amounts payable on prepayment Clause in Contracts

Amounts payable on prepayment. A voluntary prepayment under Clause 8.4 and a mandatory prepayment under Clause 8.8 shall be made together with: (a) accrued interest (and any other amount payable under Clause 22 or otherwise) in respect of the amount prepaid; (b) if the prepayment is not made on the last day of an Interest Period, any sums payable under Clause 22.1(b); and (c) the following prepayment fees as applicable: (i) 2.00% of the prepaid amount in respect of any prepayment made prior to the first anniversary of the Drawdown Date; (ii) 1.00% of the prepaid amount in respect of any prepayment made on or after the first anniversary of the Drawdown Date but prior to the second anniversary of the Drawdown Date; (iii) 0.50% of the prepaid amount in respect of any prepayment made on or after the second anniversary of the Drawdown Date but prior to the third anniversary of the Drawdown Date; provided that no prepayment fee shall be payable: (A) in respect of a mandatory prepayment under Clause 8.8(b), 15.3 or 24.1(c); (B) in respect of amounts paid pursuant to Clauses 8.9(a) and (b); or (C) in respect of a voluntary prepayment under Clause 8.4 provided that such payment is made from the Earnings Account and provided that the Minimum Balance required by Clause 19.2 is always maintained.

Amounts payable on prepayment. A voluntary prepayment under Clause 8.4 and a mandatory prepayment under Clause 8.8 shall be made together with: (a) accrued interest (and any other amount payable under Clause 22 or otherwise) in respect of the amount prepaid; (b) if the prepayment is not made on the last day of an Interest Period, any sums payable under Clause 22.1(b); and (c) the following prepayment fees as applicable: (i) 2.00% of the prepaid amount in respect of any prepayment made prior to the first anniversary of the Drawdown DateDate to which the Advance being repaid relates; (ii) 1.00% of the prepaid amount in respect of any prepayment made on or after the first anniversary of the Drawdown Date of such Advance but prior to the second anniversary of the Drawdown DateDate of such Advance; (iii) 0.50% of the prepaid amount in respect of any prepayment made on or after the second anniversary of the Drawdown Date of such Advance but prior to the third anniversary of the Drawdown DateDate of such Advance; and (iv) 0.0% of the prepaid amount thereafter; provided that no prepayment fee shall be payable: (A) in respect of a mandatory prepayment under Clause 8.8(b), 15.3 or 24.1(c); (B) in respect of amounts paid pursuant to Clauses 8.9(a) and (b); or (C) in respect of a voluntary prepayment under Clause 8.4 provided that such payment is made from the Earnings Account and provided that the Minimum Balance required by Clause 19.2 is always maintained.

Amounts payable on prepayment. A voluntary prepayment under Clause 8.4 and a mandatory prepayment under Clause 8.8 shall be made together with: (a) accrued interest (and any other amount payable under Clause 22 or otherwise) in respect of the amount prepaid; (b) if the prepayment is not made on the last day of an Interest Period, any sums payable under Clause 22.1(b); and) and Clause 22.2; (c) in respect of the Tranche A Loan and the Tranche B Loan, the following prepayment fees as applicable: (i) 2.001.50% of the prepaid amount in respect of any prepayment made prior to on or before the first anniversary of the Drawdown Date; (ii) 1.00% of the prepaid amount in respect of any prepayment made on or after the first anniversary of the Drawdown Date but prior to on or before the second anniversary of the Drawdown Date; (iii) 0.500.25% of the prepaid amount in respect of any prepayment made on or after the second anniversary of the Drawdown Date but prior to on or before the third anniversary of the Drawdown Date; and (iv) 0.0% of the prepaid amount thereafter; (d) in respect of the Tranche C Loan and the Tranche D Loan, the following prepayment fees as applicable: (i) 1.50% of the prepaid amount in respect of any prepayment made after the Drawdown Date but on or before December 27, 2017; (ii) 1.00% of the prepaid amount in respect of any prepayment made after December 27, 2017 but on or before December 27, 2018; (iii) 0.25% of the prepaid amount in respect of any prepayment made after December 27, 2018 but on or before December 27, 2019; and (iv) 0.0% of the prepaid amount thereafter; and (e) for the avoidance of doubt, no prepayment fee shall apply in respect of the Tranche E Loan, provided that no prepayment fee shall be payable: (A) payable in respect the case of a mandatory prepayment under Clause 8.8(b), 15.3 or 24.1(c); (B) in respect on account of amounts paid Total Loss pursuant to Clauses 8.9(a) and (b); or (C) in respect of a voluntary prepayment under Clause 8.4 provided that such payment is made from the Earnings Account and provided that the Minimum Balance required by Clause 19.2 is always maintained8.8.

Amounts payable on prepayment. A voluntary Any prepayment of all or part of the Loan under Clause 8.4 and a mandatory prepayment under Clause 8.8 this Agreement shall be made together with: 4.5.1 accrued interest on the amount to be prepaid to the date of such prepayment; 4.5.2 any additional amount payable under clauses 3.6, 6.6 or 12.2; 4.5.3 if any prepayment of an Advance is made under clause 4.2 using Borrowed Moneys borrowed from a bank or financial institution other than the Agent or the Lenders: (a) accrued interest (and any other amount payable under Clause 22 or otherwise) in respect of the amount prepaid; (b) if the prepayment is not made on the last day of an Interest Period, any sums payable under Clause 22.1(b); and (c) the following prepayment fees as applicable: (i) 2.00% of the prepaid amount in respect of any prepayment made prior to the first anniversary of the Drawdown DateDate in respect of Advance B (or, if the same is not drawn down the anniversary of the last day of the Drawdown Period in respect of Advance B), a prepayment fee of 3% of the amount so prepaid; (iib) 1.00% of the prepaid amount in respect of any prepayment made on or after the first anniversary of the Drawdown Date anniversary, but prior to the second anniversary, of the Drawdown Date in respect of Advance B (or, if the same is not drawn down the anniversary of the last day of the Drawdown Date; (iii) 0.50Period in respect of Advance B), a prepayment fee of 2% of the prepaid amount in respect of any prepayment made on or so prepaid; or (c) after the second anniversary of the Drawdown Date but prior to in respect of Advance B (or, if the third same is not drawn down the anniversary of the last day of the Drawdown Date; provided that no prepayment fee shall be payable: (A) Period in respect of a mandatory prepayment under Clause 8.8(bAdvance B), 15.3 a prepayment fee of 1% of the amount so prepaid; and 4.5.4 all other sums payable by the Borrowers to the Banks under this Agreement or 24.1(c); (B) in respect any of amounts paid pursuant to Clauses 8.9(a) and (b); or (C) in respect of a voluntary prepayment the other Security Documents including, without limitation any Break Costs and, if the whole Loan is being prepaid, any accrued commitment commission payable under Clause 8.4 provided that such payment is made from the Earnings Account and provided that the Minimum Balance required by Clause 19.2 is always maintainedclause 5.1.

Amounts payable on prepayment. A voluntary prepayment under Clause 8.4 and a mandatory prepayment under Clause 8.8 shall be made together with: (a) accrued interest (and any other amount payable under Clause 22 or otherwise) in respect of the amount prepaid; (b) if the prepayment is not made on the last day of an Interest Period, any sums payable under Clause 22.1(b); and (c) in the case of a refinancing of the Loan, the following prepayment fees as applicable: (i) 2.00% of the prepaid amount in respect of any prepayment made prior to the first anniversary of the Drawdown Date; (ii) 1.00% of the prepaid amount in respect of any prepayment made on or after the first anniversary of the Drawdown Date but prior to the second anniversary of the Drawdown Date;; and (iii) 0.500.0% of the prepaid amount in respect of any prepayment made on or after the second anniversary of the Drawdown Date but prior to the third anniversary of the Drawdown Datethereafter; provided that no prepayment fee shall be payable: (Apayable to the Lender(s) that participates in such refinancing. For purposes of this Clause 8.9(c), “participate in such refinancing” shall mean, in respect of a mandatory prepayment Lender, to commit to make advances to the Borrower in connection with such refinancing in an aggregate amount not less than the sum of such Lender’s Contributions under Clause 8.8(b)the Loan. For the avoidance of doubt, 15.3 or 24.1(c); (B) in respect of amounts paid a Transfer pursuant to Clauses 8.9(a) and (b); or (C) in respect Clause 27 shall not constitute a refinancing of a voluntary prepayment under Clause 8.4 provided that such payment is made from the Earnings Account and provided that the Minimum Balance required by Clause 19.2 is always maintainedLoan.

Amounts payable on prepayment. A voluntary prepayment under Clause 8.4 8.5 and a mandatory prepayment under Clause 8.8 Clauses 8.9 and 8.10 shall be made together with: (a) accrued interest (and any other amount payable under Clause 22 21 or otherwise) in respect of the amount prepaid; (b) if the prepayment is not made on the last day of an Interest Period, any sums payable under Clause 22.1(b21.1(b); and (c) if the following prepayment fees as applicableis made within the Qualifying Period and: (i) 2.00% of the prepaid amount in respect of any prepayment made prior relates to the first anniversary of the Drawdown Dateentire Loan; (ii) 1.00% relates to of 50 per cent. of the prepaid amount in respect of any prepayment made on Loan or after the first anniversary of the Drawdown Date but prior to the second anniversary of the Drawdown Datemore; (iii) 0.50% results from the sale of a Ship; or (iv) relates to a refinancing of the whole or part of the Loan where a Lender is not participating in such refinancing, a prepayment fee of 1.00 per cent. of the amount prepaid amount in respect of any such voluntary prepayment made on or after or, in the second anniversary case of sub-paragraph (iv) above, 1.00 per cent. of the Drawdown Date but prior amount prepaid which is attributable to the third anniversary of Lender which is not participating in the Drawdown Date; refinancing, provided that no prepayment fee shall be payable: (A) payable in respect of a mandatory prepayment under Clause 8.8(b)8.9(b) or Clause 8.10, 15.3 or 24.1(c); (B) in respect of amounts paid pursuant to Clauses 8.9(a) and (b); or (C) in respect of a voluntary prepayment under Clause 8.4 provided that such payment is made from 15.2 or a cancellation of Commitment under Clause 8.4(b). For the Earnings Account purposes of this Clause 8.11 and provided that Clause 8.4, the Minimum Balance required by Clause 19.2 is always maintained"Qualifying Period" shall mean the period commencing on the date of this Agreement and ending on the first anniversary of the last Drawdown Date.

Amounts payable on prepayment. A voluntary prepayment under Clause 8.4 and a mandatory prepayment under Clause 8.8 shall be made together with: (a) accrued interest (and any other amount payable under Clause 22 or otherwise) in respect of the amount prepaid; (b) if the prepayment is not made on the last day of an Interest Period, any sums payable under Clause 22.1(b); and (c) in the case of a refinancing of the Loan, the following prepayment fees as applicable: (i) 2.00% of the prepaid amount in respect of any prepayment made prior to the first anniversary of the Drawdown DateDate to which the Advance being repaid relates; (ii) 1.00% of the prepaid amount in respect of any prepayment made on or after the first anniversary of the Drawdown Date of such Advance but prior to the second anniversary of the Drawdown Date;Date of such Advance; and (iii) 0.500.0% of the prepaid amount in respect of any prepayment made on or after the second anniversary of the Drawdown Date but prior to the third anniversary of the Drawdown Datethereafter; provided that no prepayment fee shall be payable: (Apayable to the Lender(s) that participates in such refinancing. For purposes of this Clause 8.9(c), “participate in such refinancing” shall mean, in respect of a mandatory prepayment Lender, to commit to make advances to the Borrowers in connection with such refinancing in an aggregate amount not less than the sum of such Lender’s Contributions under Clause 8.8(b), 15.3 or 24.1(c); (B) in respect of amounts paid pursuant to Clauses 8.9(a) and (b); or (C) in respect of a voluntary prepayment under Clause 8.4 provided that such payment is made from the Earnings Account and provided that the Minimum Balance required by Clause 19.2 is always maintainedLoan.

Amounts payable on prepayment. A voluntary prepayment under Clause 8.4 and a mandatory prepayment under Clause 8.8 shall be made together with: (a) accrued interest (and any other amount payable under Clause 22 or otherwise) in respect of the amount prepaid; (b) if the prepayment is not made on the last day of an Interest Period, any sums payable under Clause 22.1(b); and) and Clause 22.2; (c) in respect of the Tranche A Loan and the Tranche B Loan, the following prepayment fees as applicable: (i) 2.001.50% of the prepaid amount in respect of any prepayment made prior to on or before the first anniversary of the Drawdown Date; (ii) 1.00% of the prepaid amount in respect of any prepayment made on or after the first anniversary of the Drawdown Date but prior to on or before the second anniversary of the Drawdown Date; (iii) 0.500.25% of the prepaid amount in respect of any prepayment made on or after the second anniversary of the Drawdown Date but prior to on or before the third anniversary of the Drawdown Date; and (iv) 0.0% of the prepaid amount thereafter; and (d) in respect of the Tranche C Loan and the Tranche D Loan, the following prepayment fees as applicable: (i) 1.50% of the prepaid amount in respect of any prepayment made after the Drawdown Date but on or before December 27, 2017; (ii) 1.00% of the prepaid amount in respect of any prepayment made after December 27, 2017 but on or before December 27, 2018; (iii) 0.25% of the prepaid amount in respect of any prepayment made after December 27, 2018 but on or before December 27, 2019; and (iv) 0.0% of the prepaid amount thereafter; provided that no prepayment fee shall be payable: (A) payable in respect the case of a mandatory prepayment under Clause 8.8(b), 15.3 or 24.1(c); (B) in respect on account of amounts paid Total Loss pursuant to Clauses 8.9(a) and (b); or (C) in respect of a voluntary prepayment under Clause 8.4 provided that such payment is made from the Earnings Account and provided that the Minimum Balance required by Clause 19.2 is always maintained8.8.