December 2024. Whereafter the Facility shall be cancelled (the “Final Maturity Date”). 4.2 The Borrower shall be entitled to cancel any undrawn part of the Facility (such part always being equal to USD 1,000,000 or any whole multiple thereof) without penalty upon giving the Lender 10 Business Days’ irrevocable written notice. Amounts cancelled may not be redrawn. Upon expiry of such 10 Business Day period, the Facility will be reduced by the cancelled amount. 4.3 No drawings shall be allowed hereunder after 31 December 2023. All undrawn amounts on the date after such date shall be cancelled automatically. 4.4 Each Tranche may be prepaid in whole or in part at any time.
Appears in 4 contracts
Samples: Revolving Credit Facility Agreement (Himalaya Shipping Ltd.), Revolving Credit Facility Agreement (Himalaya Shipping Ltd.), Revolving Credit Facility Agreement (Himalaya Shipping Ltd.)
