Common use of Mandatory Prepayment on Total Loss Clause in Contracts

Mandatory Prepayment on Total Loss. On the date falling ninety (90) days after that on which the Vessel became a Total Loss or, if earlier, on the date upon which the relevant insurance proceeds are, or Requisition Compensation (as defined in the Mortgage for such Vessel) is, received by the Borrower (or the Bank pursuant to the Security Documents), the Borrower must prepay the Loan.

Mandatory Prepayment on Total Loss. On the date falling ninety (90) days after that on which the a Mortgaged Vessel became a Total Loss or, if earlier, on the date upon which the relevant insurance proceeds are, or Requisition Compensation (as defined in the Mortgage for such Vessel) is, received by the relevant Borrower (or the Bank pursuant to the Security Documents), the Borrower Borrowers must prepay the LoanRelevant Tranche.

Mandatory Prepayment on Total Loss. On the date falling ninety one hundred and fifty (90150) days after that on which the a Mortgaged Vessel became a Total Loss or, if earlier, on the date upon which the relevant insurance proceeds are, or Requisition Compensation (as defined in the Mortgage for such Vessel) is, received by the relevant Borrower (or the Bank Security Trustee pursuant to the Security Documents), the Borrower Borrowers must prepay the LoanLoan by an amount equal to the Advance relating to that Mortgaged Vessel.

Mandatory Prepayment on Total Loss. On the date falling ninety (90) days after that on which the a Mortgaged Vessel became a Total Loss or, if earlier, on the date upon which the relevant insurance proceeds are, or Requisition Compensation (as defined in the Mortgage for such Vessel) is, received by the relevant Borrower (or the Bank pursuant to the Security Documents), the Borrower Borrowers must prepay the Relevant Proportion of the Loan.

Mandatory Prepayment on Total Loss. On the date falling ninety (90) days after that on which the a Mortgaged Vessel became a Total Loss or, if earlier, on the date upon which the relevant insurance proceeds are, or Requisition Compensation (as defined in the Mortgage for such Vessel) is, received by the relevant Borrower (or the Bank Security Trustee pursuant to the Security Documents), the Borrower Borrowers must prepay the LoanTranche relating to that Mortgaged Vessel.

Mandatory Prepayment on Total Loss. On the date falling ninety one hundred and twenty (90120) days after that on which the Vessel became a Total Loss or, if earlier, on the date upon which the relevant insurance proceeds are, or Requisition Compensation (as defined in the Mortgage for such Vessel) is, received by the Borrower (or the Security Trustee or any other Bank pursuant to the Security Documents), the Borrower must prepay the LoanLoan in full and all other sums outstanding and owing to the Banks under this Agreement and the Security Documents at that time.

Mandatory Prepayment on Total Loss. On the date falling ninety one hundred and eighty (90180) days after that on which the Vessel became a Total Loss or, if earlier, on the date upon which the relevant insurance proceeds are, or Requisition Compensation (as defined in the Mortgage for such VesselMortgage) is, received by the Borrower (or the Bank Security Trustee pursuant to the Security Documents), the Borrower must prepay the Loan.

Mandatory Prepayment on Total Loss. On the date falling ninety (90) days after that on which the Vessel became a Total Loss or, if earlier, on the date upon which the relevant insurance proceeds are, or Requisition Compensation (as defined in the Mortgage for such Vessel) is, received by the Borrower (or the Bank Lender pursuant to the Security Documents), ) the Borrower must prepay the LoanLoan in full.

Mandatory Prepayment on Total Loss. On the date falling ninety (90) days after that on which the Vessel became a Total Loss or, if earlier, on the date upon which the relevant insurance proceeds are, or Requisition Compensation (as defined in the Mortgage for such VesselMortgage) is, received by the Borrower (or the Bank Security Trustee pursuant to the Security Documents), the Borrower must prepay the Loan.

Mandatory Prepayment on Total Loss. On the date falling ninety one hundred and eighty (90180) days after that on which the a Mortgaged Vessel became a Total Loss or, if earlier, on the date upon which the relevant insurance proceeds are, or Requisition Compensation (as defined in the Mortgage for respect of such Vessel) Mortgaged Vessel is, received by the relevant Borrower (or the Bank Security Trustee pursuant to the Security Documents), the Borrower Borrowers must prepay the Loan.Loan by an amount equal to the aggregate of:

Mandatory Prepayment on Total Loss. On the date falling ninety one hundred and fifty (90150) days after that on which the Vessel became a Total Loss or, if earlier, on the date upon which the relevant insurance proceeds are, or Requisition Compensation (as defined in the Mortgage for such VesselMortgage) is, received by the Borrower Guarantor (or the Bank Lender pursuant to the Security Documents), ) the Borrower must prepay the Loan.

Mandatory Prepayment on Total Loss. On the date falling ninety one hundred and twenty (90120) days after that on which the a Mortgaged Vessel became a Total Loss or, if earlier, on the date upon which the relevant insurance proceeds are, or Requisition Compensation (as defined in the Mortgage for such Vessel) is, received by the relevant Borrower (or the Bank Security Trustee pursuant to the Security Documents), the Borrower Borrowers must prepay the LoanLoan by an amount equal to the Advance relating to that Mortgaged Vessel.

Mandatory Prepayment on Total Loss. On the date falling ninety one hundred and fifty (90150) days after that on which the Vessel became a Total Loss or, if earlier, on the date upon which the relevant insurance proceeds are, or Requisition Compensation (as defined in the Mortgage for such VesselMortgage) is, received by the Borrower Guarantor (or the any Bank pursuant to the Security Documents), ) the Borrower must prepay the Loan.

Mandatory Prepayment on Total Loss. On the date falling ninety one hundred and fifty (90150) days after that on which the a Vessel became a Total Loss or, if earlier, on the date upon which the relevant insurance proceeds are, or Requisition Compensation (as defined in the Mortgage for such VesselMortgage) is, received by the Borrower Owner thereof (or the Bank Lender pursuant to the Security Documents), ) the Borrower must prepay the LoanAdvance relating to that Vessel.

Mandatory Prepayment on Total Loss. On the date falling ninety one hundred and eighty (90180) days after that on which the Vessel a Mortgaged Ship became a Total Loss or, if earlier, on within 5 Banking Days from the date upon which the relevant insurance proceeds are, or Requisition Compensation (as defined in the Mortgage for such VesselShip) is, received by the Borrower relevant Owner (or the Security Trustee or any other Bank pursuant to the Security Documents), the Borrower must prepay the LoanAdvance relating to that Mortgaged Ship.

Mandatory Prepayment on Total Loss. On the date falling ninety (90) days after that on which the a Mortgaged Vessel became a Total Loss or, if earlier, on the date upon which the relevant insurance proceeds are, or Requisition 18 Compensation (as defined in the Mortgage for such Vessel) is, received by the relevant Borrower (or the Bank pursuant to the Security Documents), the Borrower Borrowers must prepay the Relevant Proportion of the Loan.

Mandatory Prepayment on Total Loss. On the date falling ninety one hundred and eighty (90180) days after that on which the a Mortgaged Vessel became a Total Loss or, if earlier, on the date upon which the relevant insurance proceeds are, or Requisition Compensation (as defined in the Mortgage for such Vessel) is, received by the relevant Borrower (or the Bank Security Trustee pursuant to the Security Documents), the Borrower Borrowers must prepay the LoanRelevant Tranche.

Mandatory Prepayment on Total Loss. On the date falling ninety one hundred and eighty (90180) days after that on which the Vessel became a Total Loss or, if earlier, on the date upon which the relevant insurance proceeds are, or Requisition Compensation (as defined in the Mortgage for such VesselMortgage) is, received by the Borrower (or the Bank pursuant to the Security Documents), the Borrower must prepay the Loan.

Mandatory Prepayment on Total Loss. On the date falling ninety one hundred and eighty (90180) days after that on which the Vessel became a Total Loss or, if earlier, on the date upon which the relevant insurance proceeds are, or Requisition Compensation (as defined in the Mortgage for such Vessel) is, received by the Borrower (or the Bank Lender pursuant to the Security Documents), ) the Borrower must prepay the LoanLoan in full.

Mandatory Prepayment on Total Loss. On the date falling ninety one hundred and twenty (90120) days after that on which the Vessel became a Total Loss or, if earlier, on the date upon which the relevant insurance proceeds are, or Requisition Compensation (as defined in the Mortgage for such Vessel) is, received by the Borrower (or the Security Trustee or any other Bank pursuant to the Security Documents), the Borrower must prepay the LoanLoan in full.

Mandatory Prepayment on Total Loss. 4.3.1 On the date falling ninety one hundred and eighty (90180) days after that on which the Vessel became a Total Loss or, if earlier, on the date upon which the relevant insurance proceeds are, or Requisition Compensation (as defined in the Mortgage for such Vessel) is, received by the Borrower (or the Bank Lender pursuant to the Security Documents), ) the Borrower must prepay the LoanLoan in full.

Mandatory Prepayment on Total Loss. On the date falling ninety (90) days after that on which the Vessel became a Total Loss or, if earlier, on the date upon which the relevant insurance proceeds are, or Requisition Compensation (as defined in the Mortgage for such Vessel) is, received by the Borrower Borrowers (or the Bank Lender pursuant to the Security Documents), ) the Borrower Borrowers and/or the Corporate Guarantor must prepay the Loan.Loan by an amount equal to the higher of:

Mandatory Prepayment on Total Loss. 4.3.1 On the date falling ninety one hundred and eighty (90180) days after that on which the a Mortgaged Vessel became a Total Loss or, if earlier, on the date upon which the relevant insurance proceeds are, or Requisition Compensation (as defined in the Mortgage for such Vessel) is, received by the Borrower which is the owner thereof (or the Bank Lender pursuant to the Security Documents), ) the Borrower Borrowers must prepay the Loan.Loan by an amount equal to the greater of:

Mandatory Prepayment on Total Loss. On the date falling ninety one hundred and eighty (90180) days after that on which the a Mortgaged Vessel became a Total Loss or, if earlier, on the date upon which the relevant insurance proceeds are, or Requisition Compensation (as defined in the Mortgage for such Vessel) is, received by the Borrower which is the owner thereof (or the Bank Lender pursuant to the Security Documents), the ) such Borrower must prepay the Loan.Loan by an amount equal to the greater of:

Mandatory Prepayment on Total Loss. On the date falling ninety (90) days after that on which the a Mortgaged Vessel became a Total Loss or, if earlier, on the date upon which the relevant insurance proceeds are, or Requisition Compensation (as defined in the Mortgage for such Vessel) is, received by the relevant Borrower (or the Bank Security Trustee pursuant to the Security Documents), the Borrower Borrowers must prepay the LoanAdvance relating to that Mortgaged Vessel.