Effect of Prepayment Notice and Cancellation Notice. A Prepayment Notice or Cancellation Notice may not be withdrawn or amended without the consent of the Agent, given with the authorisation of the Majority Lenders, and, in the case of a Prepayment Notice, the amount specified in the prepayment notice shall become due and payable by the Borrowers on the date for prepayment specified in the prepayment notice.
Appears in 2 contracts
Samples: Loan Agreement (Navios Maritime Acquisition CORP), Loan Agreement (Navios Maritime Acquisition CORP)
Effect of Prepayment Notice and Cancellation Notice. A Prepayment Notice or Cancellation Notice may not be withdrawn or amended without the consent of the Agent, given with the authorisation of the Majority Lenders, and, :
(a) in the case of a Prepayment Notice, the amount specified in the prepayment notice Prepayment Notice shall become due and payable by the Borrowers on the date for prepayment specified in the prepayment notice; and
(b) in the case of a Cancellation Notice, the amount cancelled shall be permanently cancelled and may not be reborrowed.
Appears in 2 contracts
Samples: Loan Agreement, Loan Agreement (Navios Maritime Partners L.P.)
