Common use of Involuntary prepayment and cancellation Clause in Contracts

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.

Appears in 11 contracts

Samples: Agreement (PPL Corp), Western Power Distribution (PPL Corp), Agreement (Preem Holdings Ab Publ)

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Involuntary prepayment and cancellation. (a) If the Company an Obligor 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.

Appears in 8 contracts

Samples: Agreement (Valentia Telecommunications), Agreement (Valentia Telecommunications), Agreement (Royal Ahold)

Involuntary prepayment and cancellation. (a) If the Company a Borrower is, or will be, required to pay to a Lender a Tax Payment or an Increased Cost, the Company Obligors’ Agent may, while the requirement continues, give notice to the Facility Agent requesting prepayment and cancellation in respect of that Lender.

Appears in 3 contracts

Samples: Agreement, Agreement (Imperial Tobacco Group PLC), Agreement (Imperial Tobacco Group PLC)

Involuntary prepayment and cancellation. (a) 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.

Appears in 3 contracts

Samples: Amendment and Restatement Agreement (PPL Energy Supply LLC), Amendment and Restatement Agreement (PPL Energy Supply LLC), Agreement (PPL Energy Supply LLC)

Involuntary prepayment and cancellation. (a) If the Company 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 LenderLender or of Letters of Credit issued by the Issuing Bank.

Appears in 3 contracts

Samples: Supplemental Agreement (Enodis PLC), Agreement (Enodis PLC), Agreement (Enodis PLC)

Involuntary prepayment and cancellation. (a) If the Company Borrower is, or will be, required to pay to a Lender a Tax Payment or an Increased Cost, the Company Borrower may, while the requirement continues, give notice to the Facility Agent requesting prepayment and cancellation in respect of that Lender.

Appears in 1 contract

Samples: Agreement (PPL Corp)

Involuntary prepayment and cancellation. (a) If the Company a Borrower 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.

Appears in 1 contract

Samples: Agreement (Preem Holdings Ab Publ)

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Involuntary prepayment and cancellation. (a) 8.6.1 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.

Appears in 1 contract

Samples: PPL Energy Supply LLC

Involuntary prepayment and cancellation. (a) 10.6.1 If the Company an Obligor 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.

Appears in 1 contract

Samples: Facilities Agreement (Royal Ahold)

Involuntary prepayment and cancellation. (a) If the Company Borrower is, or will be, required to pay to a Lender a Tax Payment or an Increased Cost, the Company Obligors’ Agent may, while the requirement continues, give notice to the Facility Agent requesting prepayment and cancellation in respect of that Lender.

Appears in 1 contract

Samples: Agreement (Imperial Tobacco Group PLC)

Involuntary prepayment and cancellation. (a) If the Company an Obligor is, or will be, required to pay to a Lender a Tax Payment or an Increased CostCost or if a Lender ceases to be an NAIC Approved Bank, the Company may, while the requirement continuescontinues or following the relevant loss of approval, give notice to the Facility Agent requesting prepayment and cancellation in respect of that Lender.

Appears in 1 contract

Samples: Agreement (Converium Holding Ag)

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