Common use of Effect of cancellation and prepayment on scheduled repayments Clause in Contracts

Effect of cancellation and prepayment on scheduled repayments. If any of the Facility A Loans are prepaid in accordance with Clause 9.12 (Right of replacement or repayment and cancellation in relation to a single Lender) or Clause 9.1 (Illegality) then the amount of the repayment instalment for each repayment date as set out in Clause 8.1 (Repayment of Facility A Loans) falling after that prepayment will reduce pro rata by the amount of the Facility A Loan prepaid.

Appears in 4 contracts

Samples: Facility Agreement (Marine Harvest ASA), Facility Agreement (Marine Harvest ASA), Facility Agreement (Marine Harvest ASA)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!