Mandatory prepayment on sale or Total Loss. (a) If a Ship is sold (without prejudice to paragraph (a) of Clause 23.12 (Disposals)), refinanced by the Lenders or another bank or financial institution or becomes a Total Loss, the Borrowers shall, on the Relevant Date, prepay the Relevant Amount.
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Samples: Banks and Financial Institutions (Okeanis Eco Tankers Corp.), Banks and Financial Institutions (Okeanis Eco Tankers Corp.)
Mandatory prepayment on sale or Total Loss. (a) If Other than in respect of the Sale and subject to Clause 5.8 (Currency and amount of the New Tranches) and Clause 7.5 (Additional mandatory prepayment), if a Ship is sold (without prejudice to paragraph (a) of Clause 23.12 (Disposals)), refinanced by the Lenders or another bank or financial institution or becomes a Total Loss, the Borrowers shall, shall on the Relevant Date, Date prepay the Relevant Amount.
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Mandatory prepayment on sale or Total Loss. (a) If a Ship is sold (without prejudice to paragraph (a) of Clause 23.12 (Disposals)), refinanced by the Lenders or another bank or financial institution or becomes a Total Loss, the Borrowers shall, shall on the Relevant DateDate prepay subject to the provisions of the Intercreditor Agreement, prepay an amount equal to the Relevant Amount.
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Samples: Junior Facility Agreement (Global Ship Lease, Inc.)
Mandatory prepayment on sale or Total Loss. (a) If a Borrower Ship is sold (without prejudice to paragraph (a) of Clause 23.12 (Disposals)), refinanced by the Lenders or another bank or financial institution or becomes a Total Loss, the Borrowers shall, shall on the Relevant DateDate prepay subject to the provisions of the Intercreditor Agreement, prepay an amount equal to the Relevant Amount.
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