Common use of Conditions for voluntary prepayment Clause in Contracts

Conditions for voluntary prepayment. The conditions referred to in Clause 8.4 are that: (a) a partial prepayment shall be $1,000,000 or a multiple of $1,000,000; (b) the Agent has received from the Borrower at least 30 days’ prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made (such date shall be the last day of an Interest Period); and (c) the Borrower has provided evidence satisfactory to the Agent that any consent required by the Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any requirement relevant to this Agreement which affects the Borrower or any Security Party has been complied with.

Appears in 3 contracts

Samples: Loan Facility Agreement (Star Bulk Carriers Corp.), Loan Facility Agreement (Star Bulk Carriers Corp.), Loan Agreement (Star Bulk Carriers Corp.)

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Conditions for voluntary prepayment. The conditions referred to in Clause 8.4 7.4 are that: (a) a partial prepayment shall be $1,000,000 475,000 or a higher integral multiple of $1,000,000thereof; (b) the Agent Lender has received from the Borrower at least 30 15 days’ prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made (such date shall be the last day of an Interest Period); and (c) the Borrower has provided evidence satisfactory to the Agent Lender that any consent required by the Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any requirement relevant to this Agreement which affects the Borrower or any Security Party has been complied with.

Appears in 2 contracts

Samples: Loan Agreement (Box Ships Inc.), Loan Agreement (Box Ships Inc.)

Conditions for voluntary prepayment. The conditions referred to in Clause 8.4 are that: (a) a partial prepayment shall be $1,000,000 500,000 or a multiple of $1,000,000500,000 or such other amount agreed by the Agent; (b) the Agent has received from the Borrower at least 30 days5 Business Days’ prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made (such date shall be the last day of an Interest Period)made; and (c) the Borrower has provided evidence satisfactory to the Agent that any consent required by the Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any requirement relevant to this Agreement which affects the Borrower or any Security Party has been complied with.

Appears in 2 contracts

Samples: Loan Agreement (Euronav NV), Loan Agreement (Euronav NV)

Conditions for voluntary prepayment. The conditions referred to in Clause 8.4 are that: (a) a partial prepayment shall be $1,000,000 1,925,000 or a higher integral multiple of $1,000,0001,925,000; (b) the Agent has received from the Borrower Borrowers at least 30 15 days' prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made (such date shall be the last day of an Interest Period); and; (c) the Borrower has Borrowers have provided evidence satisfactory to the Agent that any consent required by the any Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any requirement relevant to this Agreement which affects the any Borrower or any Security Party has been complied with; and (d) the Borrowers have complied with Clause 8.12 on or prior to the date of prepayment.

Appears in 2 contracts

Samples: Amending and Restating Agreement (Box Ships Inc.), Amending and Restating Agreement (Box Ships Inc.)

Conditions for voluntary prepayment. The conditions referred to in Clause 8.4 are that: (a) a any partial prepayment to be applied against the Loan shall be $1,000,000 or a higher multiple of $1,000,000thereof; (b) the Agent has received from the Borrower at least 30 15 days’ prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made (such date shall be the last day of an Interest Period); and (c) the Borrower has provided evidence satisfactory to the Agent that any consent required by the Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any requirement relevant to this Agreement which affects the Borrower or any Security Party has been complied with.

Appears in 2 contracts

Samples: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.)

Conditions for voluntary prepayment. The conditions referred to in Clause 8.4 (Voluntary prepayment) are that: (a) a partial prepayment shall be $1,000,000 or a an integral multiple of $1,000,000; (b) the Agent has received from the Borrower Borrowers at least 30 daysfive Business Days’ prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made (such date shall be the last day of an Interest Period); and (c) the Borrower has Borrowers have provided evidence satisfactory to the Agent that any consent required by the Borrower Borrowers or any Security Party in connection with the prepayment has been obtained and remains in force, and that any requirement relevant to this Agreement which affects the Borrower Borrowers or any Security Party has been complied with.

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Partners L.P.)

Conditions for voluntary prepayment. The conditions referred to in Clause 8.4 are that: (a) a any partial prepayment to be applied against the Loan shall be $1,425,000 1,000,000 or a higher multiple of $1,000,000thereof; (b) the Agent has received from the Borrower at least 30 15 days' prior written notice specifying the amount to be prepaid repaid and the date on which the prepayment is to be made (such date shall be the last day of an Interest Period); and; (c) the Borrower has provided evidence satisfactory to the Agent that any consent required by the Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any requirement relevant to this Agreement which affects the Borrower or any Security Party has been complied with; and (d) the Borrower has complied with Clause 8.158.12 on or prior to the date of prepayment.

Appears in 1 contract

Samples: Amending and Restating Agreement (Paragon Shipping Inc.)

Conditions for voluntary prepayment. The conditions referred to in Clause 8.4 are that: (a) a any partial prepayment to be applied against the Loan shall be $1,000,000 10,000,000 or a higher multiple of $1,000,000thereof; (b) the Agent has received from the Borrower at least 30 15 days’ prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made (such date shall be the last day of an Interest Period); and (c) the Borrower has provided evidence satisfactory to the Agent that any consent required by the Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any requirement relevant to this Agreement which affects the Borrower or any Security Party has been complied with.

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

Conditions for voluntary prepayment. The conditions referred to in Clause 8.4 7.3 are that: (a) a partial prepayment shall be $1,000,000 or a multiple of $1,000,000; (b) the Agent Lender has received from the Borrower at least 30 14 days’ prior written notice of its intention to make such a prepayment and specifying the amount to be prepaid and the date on which the prepayment is to be made made; (b) the amount of any such date partial prepayment shall be the last day of an Interest Periodnot less than $1,000,000 (or a higher integral multiple thereof); and (c) the Borrower has provided evidence satisfactory to the Agent Lender that any consent required by the Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any requirement regulation relevant to this Agreement which affects the Borrower or any Security Party has been complied with.

Appears in 1 contract

Samples: Loan Agreement (Gala Properties Inc.)

Conditions for voluntary prepayment. The conditions referred to in Clause 8.4 are that: (a) a partial prepayment shall be $1,000,000 or a an integral multiple of $1,000,000; (b) the Agent has received from the Borrower at least 30 days’ 5 Business Days' prior written notice specifying the Advance or Advances to be prepaid, the amount to be prepaid and the date on which the prepayment is to be made (such date shall be the last day of an Interest Period)made; and (c) the Borrower has provided evidence satisfactory to the Agent that any consent required by the Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any requirement relevant to this Agreement which affects the Borrower or any Security Party has been complied with.

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

Conditions for voluntary prepayment. The conditions referred to in Clause 8.4 8.6 are that: (a) a partial prepayment shall be $1,000,000 or a multiple of $1,000,000;; Index (b) the Facility Agent has received from the Borrower at least 30 days5 Business Days’ prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made (such date shall to be the last day of an Interest PeriodPeriod relative to the amount being so prepaid); and (c) the Borrower has provided evidence satisfactory to the Facility Agent that any consent required by the Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any requirement relevant to this Agreement which affects the Borrower or any Security Party has been complied with.

Appears in 1 contract

Samples: Loan Agreement (Capital Product Partners L.P.)

Conditions for voluntary prepayment. The conditions referred to in Clause 8.4 are that: (a) a partial prepayment shall be $1,000,000 500,000 or a higher integral multiple of $1,000,000500,000; (b) the Agent has received from the Borrower Borrowers at least 30 10 days' prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made (such date shall be the last day of an Interest Period); and; (c) the Borrower has Borrowers have provided evidence satisfactory to the Agent that any consent required by the either Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any requirement relevant to this Agreement which affects the either Borrower or any Security Party has been complied with; and (d) the Borrowers have complied with Clause 8.12 on or prior to the date of prepayment.

Appears in 1 contract

Samples: Loan Agreement (Box Ships Inc.)

Conditions for voluntary prepayment. The conditions referred to in Clause 8.4 are that: (a) a any partial prepayment to be applied against the Loan shall be $1,000,000 or a higher multiple of $1,000,000thereof; (b) the Agent has received from the Borrower at least 30 10 days' prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made (such date shall be the last day of an Interest Period); and (c) the Borrower has provided evidence satisfactory to the Agent that any consent required by the Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any requirement relevant to this Agreement which affects the Borrower or any Security Party has been complied with.

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

Conditions for voluntary prepayment. The conditions referred to in Clause 8.4 (Voluntary prepayment) are that: (a) a partial prepayment shall be $1,000,000 or a an integral multiple of $1,000,000; (b) the Agent has received from the Borrower Borrowers at least 30 daysthree Business Days’ prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made (such date shall be the last day of an Interest Period); and (c) the Borrower has Borrowers have provided evidence satisfactory to the Agent that any consent required by the Borrower Borrowers or any Security Party in connection with the prepayment has been obtained and remains in force, and that any requirement relevant to this Agreement which affects the Borrower Borrowers or any Security Party has been complied with.

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Partners L.P.)

Conditions for voluntary prepayment. The conditions referred to in Clause 8.4 (Voluntary prepayment) are that: (a) a partial prepayment shall be $1,000,000 or a an integral multiple of $1,000,000; (b) the Agent has received from the Borrower at least 30 days’ 3 Business Days' prior written notice specifying the Advance or Advances to be prepaid, the amount to be prepaid and the date on which the prepayment is to be made (such date shall be the last day of an Interest Period)made; and (c) the Borrower has provided evidence satisfactory to the Agent that any consent required by the Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any requirement relevant to this Agreement which affects the Borrower or any Security Party has been complied with.

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

Conditions for voluntary prepayment. The conditions referred to in Clause 8.4 are that: (a) a partial prepayment shall be $1,000,000 or a multiple of $1,000,000; (b) the Agent has received from the Borrower at least 30 10 days’ prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made (such date shall be the last day of an Interest Period); and (c) the Borrower has provided evidence satisfactory to the Agent that any consent required by the Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any requirement relevant to this Agreement which affects the Borrower or any Security Party has been complied with.

Appears in 1 contract

Samples: Loan Agreement (Star Bulk Carriers Corp.)

Conditions for voluntary prepayment. The conditions referred to in Clause 8.4 7.4 are that: (a) a partial prepayment shall be $1,000,000 1,600,000 or a higher integral multiple of $1,000,000thereof; (b) the Agent Lender has received from the Borrower at least 30 15 days' prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made (such date shall be the last day of an Interest Period); and (c) the Borrower has provided evidence satisfactory to the Agent Lender that any consent required by the Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any requirement relevant to this Agreement which affects the Borrower or any Security Party has been complied with.

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

Conditions for voluntary prepayment. The conditions referred to in Clause 8.4 are that: (a) a partial prepayment shall be $1,000,000 or a higher integral multiple of $1,000,0001,000,000 or if lower, the Loan; (b) the Agent has received from the Borrower at least 30 days14 Business Days’ prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made (such date shall be the last day of an Interest Period)made; and (c) the Borrower has provided evidence satisfactory to the Agent that any consent required by the Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any requirement relevant to this Agreement which affects the Borrower or any Security Party has been complied with.

Appears in 1 contract

Samples: Loan Agreement (Grindrod Shipping Holdings Pte. Ltd.)

Conditions for voluntary prepayment. The conditions referred to in Clause 8.4 8.3 are that: (a) a any partial prepayment to be applied against the Loan shall be $1,000,000 or a higher multiple of $1,000,000thereof; (b) the Agent has received from the Borrower at least 30 15 days’ prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made (such date shall be the last day of an Interest Period); and (c) the Borrower has provided evidence satisfactory to the Agent that any consent required by the Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any requirement relevant to this Agreement which affects the Borrower or any Security Party has been complied with.

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

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Conditions for voluntary prepayment. The conditions referred to in Clause 8.4 are that: (a) a partial prepayment shall be $1,000,000 $ 1,925,000 or a higher integral multiple of $1,000,0001,925,000; (b) the Agent has received from the Borrower Borrowers at least 30 15 days’ prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made (such date shall be the last day of an Interest Period); and; (c) the Borrower has Borrowers have provided evidence satisfactory to the Agent that any consent required by the any Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any requirement relevant to this Agreement which affects the any Borrower or any Security Party has been complied with; and (d) the Borrowers have complied with Clause 8.12 on or prior to the date of prepayment.

Appears in 1 contract

Samples: Loan Agreement (Box Ships Inc.)

Conditions for voluntary prepayment. The conditions referred to in Clause 8.4 are that: (a) a partial prepayment shall be $1,000,000 500,000 or a multiple of $1,000,000500,000; (b) the Agent has received from the Borrower at least 30 5 days’ prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made (such date shall be the last day of an Interest Period); and (c) the Borrower has provided evidence satisfactory to the Agent that any consent required by the Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any requirement official regulation relevant to this Agreement which affects the Borrower or any Security Party has been complied with.

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

Conditions for voluntary prepayment. The conditions referred to in Clause 8.4 7.4 are that: (a) a partial prepayment shall be $1,000,000 800,000 or a higher integral multiple of $1,000,000thereof; (b) the Agent Lender has received from the Borrower at least 30 15 days' prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made (such date shall be the last day of an Interest PeriodPeriod of the relevant Advance); and (c) the Borrower has provided evidence satisfactory to the Agent Lender that any consent required by the Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any requirement relevant to this Agreement which affects the Borrower or any Security Party has been complied with.

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

Conditions for voluntary prepayment. The conditions referred to in Clause 8.4 are that: (a) a partial prepayment shall be $1,000,000 or a an integral multiple of $1,000,000; (b) the Agent has received from the Borrower at least 30 days10 Business Days’ prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made (such date shall be the last day of an Interest Period); and; (c) the Borrower has provided evidence satisfactory to the Agent that any consent required by the Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any requirement relevant to this Agreement which affects the Borrower or any Security Party has been complied with.

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Containers Inc.)

Conditions for voluntary prepayment. The conditions referred to in Clause 8.4 7.4 are that: (a) a partial prepayment shall be $1,000,000 equal to a repayment instalment as outlined in Clause 7.1 or a multiple of $1,000,000thereof; (b) the Agent Lender has received from the Borrower at least 30 days’ prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made (such date shall be the last day of an Interest Period); andmade; (c) the Borrower has provided evidence satisfactory to the Agent Lender that any consent required by the Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any requirement regulation relevant to this Agreement which affects the Borrower or any Security Party has been complied with.

Appears in 1 contract

Samples: Loan Agreement (Pyxis Tankers Inc.)

Conditions for voluntary prepayment. The conditions referred to in Clause 8.4 are that: (a) a partial prepayment shall be $1,000,000 or a multiple of $1,000,0001,000,000 (or such other amount as may be agreed by the Agent); (b) the Agent has received from the Borrower Borrowers at least 30 days’ 3 Business Days prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made (such date shall be the last day of an Interest Period)made; and (c) the Borrower has Borrowers have provided evidence satisfactory to the Agent that any consent required by the any Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any requirement official regulation relevant to this Agreement which affects the any Borrower or any Security Party has been complied with.

Appears in 1 contract

Samples: Loan Agreement (Euronav NV)

Conditions for voluntary prepayment. The conditions referred to in Clause 8.4 7.3 are that: (a) a partial prepayment shall be $1,000,000 or a multiple of $1,000,000; (b) the Agent Lender has received from the Borrower at least 30 14 days’ prior written notice of its intention to make such a prepayment and specifying the amount to be prepaid and the date on which the prepayment is to be made made; (b) the amount of any such date partial prepayment shall be the last day of an Interest Periodnot less than $5,000,000 (or a higher integral multiple thereof); and (c) the Borrower has provided evidence satisfactory to the Agent Lender that any consent required by the Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any requirement regulation relevant to this Agreement which affects the Borrower or any Security Party has been complied with.

Appears in 1 contract

Samples: Loan Agreement (Diana Shipping Inc.)

Conditions for voluntary prepayment. The conditions referred to in Clause 8.4 are that: (a) a any partial prepayment to be applied against the Loan shall be $1,000,000 or a higher multiple of $1,000,000thereof; (b) the Agent has received from the Borrower at least 30 days5 Business Days’ prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made (such date shall be the last day of an Interest Period); and (c) the Borrower has provided evidence satisfactory to the Agent that any consent required by the Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any requirement relevant to this Agreement which affects the Borrower or any Security Party has been complied with.

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

Conditions for voluntary prepayment. The conditions referred to in Clause 8.4 (Voluntary prepayment) are that: (a) a partial prepayment shall be $1,000,000 or a higher integral multiple of $1,000,000; (b) the Agent has received from the Borrower Borrowers at least 30 days3 Business Days’ prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made (such date shall be the last day of an Interest Period)made; and (c) the Borrower has Borrowers have provided evidence satisfactory to the Agent that any consent required by the any Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any requirement relevant to this Agreement which affects the any Borrower or any Security Party has been complied with.

Appears in 1 contract

Samples: Loan Agreement (Euronav NV)

Conditions for voluntary prepayment. The conditions referred to in Clause 8.4 7.4 are that: (a) a partial prepayment shall be $1,000,000 750,000 or a higher integral multiple of thereof $1,000,000750,000; (b) the Agent Lender has received from the Borrower at least 30 10 days’ prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made (such made(such date shall be the last day of an Interest Period); and (c) the Borrower has provided evidence satisfactory to the Agent Lender that any consent required by the Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any requirement relevant to this Agreement which affects the Borrower or any Security Party has been complied with.

Appears in 1 contract

Samples: Loan Agreement (Box Ships Inc.)

Conditions for voluntary prepayment. The conditions referred to in Clause 8.4 are that: (a) a partial prepayment shall be $1,000,000 250,000 or a multiple of $1,000,000250,000; (b) the Agent has received from the Borrower at least 30 10 days' prior written notice specifying the amount to be prepaid and the date on which the prepayment is to be made (such date shall be the last day of an Interest Period); and (c) the Borrower has provided evidence satisfactory to the Agent that any consent required by the Borrower or any Security Party in connection with the prepayment has been obtained and remains in force, and that any requirement relevant to this Agreement which affects the Borrower or any Security Party has been complied with.

Appears in 1 contract

Samples: Loan Agreement (Star Bulk Carriers Corp.)

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