Common use of Mandatory Prepayment in case of Change of Control Clause in Contracts

Mandatory Prepayment in case of Change of Control. If a Change of Control occurs, the Agent may, and on the instructions of all the Lenders shall, serve on the Borrowers a notice demanding the Borrowers to prepay the Loan and all other amounts then outstanding under the Finance Documents and upon receipt of which:

Appears in 4 contracts

Samples: Loan Agreement, Loan Agreement (Global Ship Lease, Inc.), Loan Agreement (Global Ship Lease, Inc.)

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Mandatory Prepayment in case of Change of Control. (a) If a Change of Control occurs, the Agent may, and on the instructions of all the Lenders shall, serve on the Borrowers a notice demanding the Borrowers to prepay the Loan and all other amounts then outstanding under the Finance Documents and upon receipt of which:

Appears in 1 contract

Samples: Loan Agreement (Poseidon Containers Holdings Corp.)

Mandatory Prepayment in case of Change of Control. If a Change of Control occurs, the Agent may, and on the instructions of all the Lenders shall, serve on the Borrowers a notice demanding the Borrowers to prepay the Loan and all other amounts then outstanding under the Finance Documents and upon receipt of which:

Appears in 1 contract

Samples: Third Supplemental Agreement (Poseidon Containers Holdings Corp.)

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Mandatory Prepayment in case of Change of Control. If a Change of Control occurs, the Agent may, and on the instructions of all the Lenders shallLenders, serve on the Borrowers Borrower a notice demanding the Borrowers Borrower to prepay the Loan and all other amounts then outstanding under the Finance Documents and upon receipt of which:

Appears in 1 contract

Samples: Second Supplemental Agreement (Poseidon Containers Holdings Corp.)

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