Cancellation and Prepayment. If a Lender delivers a notice of illegality the Commitment of that Lender will be cancelled on the date of that notice. The Borrower agrees to repay the participation of that Lender in the Loan on the last day of the Interest Period during which the notice is received, unless the Lender certifies that, because of a legal requirement applicable to the Lender, it must be repaid earlier. In this event the Borrower agrees to repay the participation on the earlier date specified by the Lender. Clause 9.6 applies to any cancellation or repayment under this sub-clause.
Cancellation and Prepayment. 11.1 The Borrower may, by giving to the Agent not less than thirty days' prior notice to that effect, cancel whole or any part (being an anount or integral multiple of $1,000,000) of the Available Facility. Any such cancallation shall reduce the Available Commitments of the Banks rateably.
11.2 The Borrower may, if it has given to the Agent not less than thirty days' prior notice to that effect, prepay the whole of any Advance or any part of any Advance (being an amount or integral multiple of $1,000,000) on the last day of any Interest Period relationg to that Advance which ends after the Termination Date.
11.3 Any notice of cancellation or prepayment given by the Borrower pursuant to Clause 11.1 or 11.2 shall be irrevocable, shall specify the date upon which such cancellation or prepayment is to be made and the amount of such cancellation or prepayment and, in the case of a notice of prepayment, shall oblige the Borrower to make such prepayment on such date.
11.4 If any Bank claim indemnification from the Borrower under Clause 12.2 or Clause 14.1 and within thirty days thereafter the Agent receives from the Borrower at least fifteen days' prior notice (which shall be irrevocable) of the Borrower's intention to repay such Bank's share of the Loan, the Borrower shall on the last day of each of the then current Interest Periods repay such Bank's portion of the Advance to which such Interest Period relates.
11.5 A Bank for whole account a repayment is to be made under Clause 11.4 shall not be obliged to make any advances on or after the date which the Agent receives the Borrower's notice of its intention to repay such Bank's share of the Loans, on which date such Bank's Available Commitment shall be reduced to zero.
11.6 The Borrower shall not repay all or any of the Loan except at the times and in the manner expressly provided for in this Agreement and shall not be entitled to reborrow any amount repaid. 11.1조는 대출 약정 금액의 감액에 관한 조항이다. 예시에서는 약정 금액의 전부 또는 일부를 감액할 수 있도록 하였는데, 그 경우 차주는 사전에 그 내용을 대리 은행에 통지하도록 하였다. 이와 같이 약정 금액이 감액되는 경우 각 대출 은행별 약정액은 애초 약정 금액의 비율에 따라 감액되며(11.4에 의한 감액은 예외임.) 약정 수수료(commitment fee)도 또한 이와 같이 줄어들게 된다.
Cancellation and Prepayment. 18 12. Taxes..........................................................................................18 13.
Cancellation and Prepayment. 24 14. TAXES............................................................... 26
Cancellation and Prepayment. If an alternative basis is not so agreed pursuant to Section 8.2;
(a) if no Drawdown has yet been made, the Facility shall be cancelled and all sums payable under this Agreement shall be paid to the Lender at the end of the period for negotiation ascertained in accordance with Section 8.2; or
(b) if any Drawdown has been made, the Lender may require the Borrower to prepay the Loan by giving written notice to the Borrower specifying a prepayment date which is not less than Fourteen (14) days after such notice is given. On the specified date the Facility shall be cancelled and the Borrower shall prepay the Loan in full together with interest thereon from the beginning of the relevant Interest Period to the date of prepayment and all other sums payable by the Borrower under this Agreement. For this purpose, the interest rate from time to time applicable to the Loan shall be the rate ascertained in accordance with Section 8.3 in relation to the relevant period.
Cancellation and Prepayment. 9.1 The Borrower may, by giving to the Lender not less than thirty days' prior notice to that effect, cancel the whole or any part (being an amount or integral multiple of GBP100,000) of the Available Facility.
9.2 The Borrower may, if it has given to the Lender not less than thirty days' prior notice to that effect, prepay without penalty the whole of any Advance or any part of any Advance (being an amount or integral multiple of GBP100,000) on the last day of any Interest Period.
9.3 Any notice of cancellation or prepayment given by the Borrower pursuant to Clause 9.1 or 9.2 shall be irrevocable, shall specify the date upon which such cancellation or prepayment is to be made and the amount of such cancellation or prepayment and, in the case of a notice of prepayment, shall oblige the Borrower to make such prepayment on such date.
9.4 No principal shall be repaid until all outstanding amounts of interest have been paid.
Cancellation and Prepayment. If an alternative basis is not so agreed pursuant to Section 8.2:
(a) if no Drawdown has been made, the Facility shall be cancelled and all sums outstanding under this Agreement shall be paid to Agent at the end of the period for negotiation ascertained in accordance with Section 8.2; or
(b) if any Drawdown has been made, Agent may require Borrower to prepay the Loan by giving written notice to Borrower specifying a prepayment date which is not less than fourteen (14) days after such notice is given. On the specified date the Facility shall be cancelled and Borrower shall prepay the Loan in full together with interest thereon from the beginning of the relevant Interest Period to the date of prepayment. For this purpose, the interest rate from time to time applicable to the Loan shall be the rate ascertained in accordance with Section 8.3 in relation to the relevant period.
Cancellation and Prepayment. If a Lender delivers a notice of illegality the Commitment of that Lender will be cancelled on the date of that notice. The Borrower agrees to repay the participation of that Lender in each Advance on the last day of the Term of that Advance during which the notice is received, unless that Lender certifies that, because of a legal requirement applicable to that Lender, it must be repaid earlier. In this event the Borrower agrees to repay the participation on the earlier date (or dates) specified by the Lender. Clause 11.9 applies to any cancellation or repayment under this sub-clause.
Cancellation and Prepayment. (1) Upon receipt of the Law Change Notice by the Borrower, the Borrower and the Lenders will make efforts to take concerted actions within the time specified in the Law Change Notice so as to make this Agreement legal and valid. If the Borrower and the Lenders fail to take efforts to make this Agreement continue to be legal and valid, the Law Change Affected Lender will notify promptly the Agent Bank (the “Law Change Confirmation Letter”), which will notify the Borrower promptly upon its receipt of such Law Change Confirmation Notice.
(2) Upon receipt of the Law Change Confirmation Letter by the Borrower, the Contribution Amount of the Law Change Affected Lender will be entirely and automatically cancelled.
(3) Within twenty (20) Business Days upon its receipt of the Law Change Confirmation Letter, the Borrower will prepay any portion of the Loan Fund which is provided by the Law Change Affected Lender and any interest accrued thereupon.
Cancellation and Prepayment. 8.1 CANCELLATION The Guarantor may, by giving to the Agent not less than ten business days' prior notice to that effect, cancel the whole or any part (but if in part in a minimum amount of $50,000,000 and an integral multiple of $10,000,000) of the Total Commitments. Any such cancellation shall reduce the Commitment of each Bank rateably.
8.2 VOLUNTARY PREPAYMENT A Borrower may, subject to Clause 18.4 (BROKEN PERIODS), by giving to the Agent not less than ten business days' prior notice to that effect, prepay the whole or any part (but if in part in an amount such that the Dollar Amount of such Advance is reduced by a minimum amount of $100,000,000 and an integral multiple of $10,000,000) of any Advance together with interest accrued thereon Provided that no Borrower may reborrow any amount repaid under this Clause 8.2 and an amount of the Total Commitments equal to any amount so prepaid shall, upon such prepayment, be cancelled.
