Involuntary prepayment and cancellation. (a) If the Company is, or will be, required to pay to a Lender a Tax Payment or an Increased Cost, the Company may, while the requirement continues, give notice to the Facility Agent requesting prepayment and cancellation in respect of that Lender.
(b) After notification under paragraph (a) above:
(i) the Company must repay or prepay that Lender’s share in each Loan made to it on the date specified in paragraph (c) below; and
(ii) the Commitments of that Lender will be immediately cancelled.
(c) The date for repayment or prepayment of a Lender’s share in a Loan will be the last day of the Term for that Loan or, if earlier, the date specified by the Company in its notification.
Involuntary prepayment and cancellation. (a) If a Borrower is, or will be, required to pay to a Lender a Tax Payment or an Increased Cost, the Obligors’ Agent may, while the requirement continues, give notice to the Facility Agent requesting prepayment and cancellation in respect of that Lender.
(b) After notification under paragraph (a) above and subject to clause 29.6 (Replacement of Lenders):
(i) each Borrower must repay or prepay that Lender’s share in each Credit utilised by it on the date specified in paragraph (c) below; and
(ii) the Commitments of that Lender will be immediately cancelled.
(c) The date for repayment or prepayment of a Lender’s share in a Credit will be the last day of the current Term for that Credit or, if earlier, the date specified by the Obligors’ Agent in its notification.
Involuntary prepayment and cancellation. (a) If an Obligor is, or will be, required to pay to a Lender a Tax Payment or an Increased Cost, CDFCUK may, while the requirement continues, give notice to the Facility Agent requesting prepayment and cancellation in respect of that Lender.
(b) After notification under paragraph (a) above:
(i) each Borrower must repay or prepay that Lender's share in each Loan made to it on the date specified in paragraph (c) below; and
(ii) the Commitment of that Lender will be immediately cancelled.
(c) The date for repayment or prepayment of a Lender's share in a Loan will be the last day of the Interest Period for that Loan or, if earlier, the date specified by CDFCUK in its notification.
Involuntary prepayment and cancellation. (a) If the Company is, or will be, required to pay to a Lender:
(i) a Tax Payment;
(ii) an Increased Cost; or
(iii) any amount under paragraph 3 of Schedule 4 (Calculation of the Mandatory Cost), the Company may, while the requirement continues, give notice to the Facility Agent requesting prepayment and cancellation in respect of that Lender.
(b) After notification under paragraph (a) above:
(i) the Company must repay or prepay that Lender’s share in each Loan made to it on the date specified in paragraph (c) below; and
(ii) the Commitment of that Lender will be immediately cancelled.
(c) The date for repayment or prepayment of a Lender’s share in a Loan will be:
(i) the last day of the Term for that Loan; or
(ii) if earlier, the date specified by the Company in its notification.
Involuntary prepayment and cancellation. 10.6.1 If the Company is, or will be, required to pay to a Lender a Tax Payment or an Increased Cost, the Company may, while the requirement continues, give notice to the Facility Agent requesting prepayment and cancellation in respect of that Lender.
10.6.2 After notification under sub-clause 10.6.1 above:
(a) the Company must repay or prepay that Lender’s share in each Loan made to it on the date specified in sub-clause 10.6.3 below; and
(b) the Commitments of that Lender will be immediately cancelled.
10.6.3 The date for repayment or prepayment of a Lender’s share in a Loan will be the last day of the current Term for that Loan or, if earlier, the date specified by the Company in its notification.
(a) If any Lender becomes a Defaulting Lender, the Company may, at any time whilst the Lender continues to be a Defaulting Lender, give the Facility Agent 5 Business Days’ notice of cancellation of the Available Commitment of that Lender.
(b) On the notice referred to in paragraph (a) above becoming effective, the Available Commitment of the Defaulting Lender shall immediately be reduced to zero.
(c) The Facility Agent shall as soon as practicable after receipt of a notice referred to in paragraph (a) above, notify all the Lenders.
Involuntary prepayment and cancellation. (a) Subject to the Borrower’s right to replace such Lender pursuant to Clause 17.2(a)(iii) (Replacement of Lender), if an Obligor is, or will be, required to pay to a Lender any amount under Subclauses 15.1 (Grossing-up for Taxes), 15.2 (Tax Indemnity) or 16.1 (Increased Costs), the Company may, while the requirement continues, give notice to the Facility Agent requesting prepayment and/or cancellation in respect of the Credits and/or Commitments of that Lender.
(b) After notification under paragraph (a) above:
(i) each Borrower must repay or prepay that Lender’s share in each Credit utilised by it on the date specified in paragraph (c) below; and
(ii) the Commitments of that Lender will be immediately cancelled.
(c) The date for repayment or prepayment of a Lender’s share in a Credit will be the last day of the current Term for that Credit or, if earlier, the date specified by the Company in its notification.
Involuntary prepayment and cancellation. (a) If an Obligor is, or will be, required to pay to a Lender or the Issuing Bank a Tax Payment or an Increased Cost, the Company may, while the requirement continues, give notice to the Facility Agent requesting prepayment and cancellation in respect of that Lender or of Letters of Credit issued by the Issuing Bank.
(b) After notification regarding a Lender under paragraph (a) above:
(i) each Borrower must repay or prepay that Lender's share in each Credit made to it on the date specified in paragraph (c) below; and
(ii) the Commitment of that Lender will be immediately cancelled.
(c) After notification regarding the Issuing Bank under paragraph (a) above, each Borrower must repay or prepay all outstanding Letters of Credit issued by the Issuing Bank.
(d) The date for repayment or prepayment of a Lender's share in a Credit, or Letters of Credit issued by the Issuing Bank, will be the last day of the Interest Period for a Loan, or the last day of the Term for a Credit or, if earlier, the date specified by the Company in its notification.
Involuntary prepayment and cancellation. (a) If an Obligor is, or will be, required to pay to a Lender or to a tax authority:
(i) a Tax Payment;
(ii) an Increased Cost; or
(iii) any amount under paragraph 3 of Schedule 4 (Calculation of Mandatory Cost), the Company may, while the requirement continues, give notice to the Facility Agent requesting prepayment and cancellation in respect of that Lender and/or Obligor.
(b) After notification under paragraph (a) above:
(i) each relevant Borrower must repay or prepay that Lender’s share in each Utilisation made to it on the date specified in paragraph (c) below; and
(ii) the Commitments of that Lender will be immediately cancelled.
(c) The date for repayment or prepayment of a Lender’s share in a Utilisation will be:
(i) the last day of the current Term for that Utilisation; or
(ii) if earlier, the date specified by the Company in its notification.
Involuntary prepayment and cancellation. 5.6.1. If any Obligor is, or will be, required to pay to the Lender:
(a) a Tax Payment; or
(b) an Increased Cost, the Borrower may, while the requirement continues, give notice to the Lender requesting prepayment of the Loan.
5.6.2. After notification under Clause 5.6.1 above:
(a) the Borrower must repay or prepay the Loan on the date specified in Clause 5.6.3 below; and
(b) the Commitment will be immediately cancelled.
5.6.3. The date for repayment or prepayment of the Loan will be:
(a) the next Interest Payment Date; or
(b) if earlier, the date specified by the Borrower in its notification.
Involuntary prepayment and cancellation. (a) If the Company has or would have received a request to pay to the Bank:
(i) a Tax Payment; or
(ii) an additional cost as defined in Article 12, pending such obligation, the Company may send communication to the Bank asking to prepay the total ongoing Drawdowns and to cancel the Financial Commitment.
(b) After the communication in point (i) of Paragraph 7.10(a) above:
(i) the Company must reimburse or prepay the Total ongoing Drawdowns on the date specified in Paragraph 7.10(c) below; and
(ii) the Bank's Financial Commitment will be cancelled immediately.
(c) The date of the reimbursement or prepayment will be the following:
(i) the last day of the Interest Period for each Drawdown; or
(ii) if prior, the date specified by the Company in its communication.
