Mandatory prepayment: Security Package Sample Clauses
Mandatory prepayment: Security Package. If the Security Package:
8.5.1 is not agreed; or
8.5.2 is, if agreed, not implemented, in accordance with Clause 22.23 (Security Package) within 6 (six) Months after the Demerger Date, then:
8.5.3 any Lender shall be entitled to notify the Facility Agent that its Commitments are to be cancelled and that it requires that its participation in all Loans to be repaid;
8.5.4 upon the Facility Agent notifying the Original Borrower in writing, the Commitments of that Lender will be immediately cancelled; and
8.5.5 each Borrower shall repay that Lender’s participation in the Loans made to that Borrower (together with all accrued and unpaid interest on such each such participation) within 10 (ten) Business Days after the Facility Agent has notified the Original Borrower in accordance with Clause 8.5.4.
