Master Agreement, Repayments and Prepayments. (a) Subject to the execution and delivery to the Bank of the Master Agreement, the Bank and the Borrower may during the Security Period enter, into one or more Transactions pursuant to the Master Agreement, subject to the Bank’s approval, the terms and conditions of each of which are or will be specified in a Confirmation sent by the Bank to the Borrower.
Master Agreement, Repayments and Prepayments. 4.7.1 If less than the full amount of the Loan remains outstanding following a prepayment and the Swap Bank agrees, following a written request of the Borrower, that the Borrower may maintain all or part of a Transaction in an amount not wholly matched with or linked to all or part of the Loan, the Borrower shall within fifteen (15) days of being notified by the Swap Bank of such requirement, provide the Swap Bank with such additional security as shall be adequate to secure the performance of such Transaction, which additional security shall take such form, be constituted by such documentation and be entered into between such parties, as the Swap Bank may approve or require, and each document comprising such additional security shall constitute a Credit Support Document.
Master Agreement, Repayments and Prepayments. (a) Notwithstanding any provision of the Master Agreement to the contrary, in the case of a prepayment of all or part of the Loan (including, without limitation, upon a Total Loss or sale in accordance with clause 4.3, then subject to clause 4.5(b) the Bank shall be entitled but not obliged (and, where relevant, may do so without the consent of the Borrowers, where it would otherwise be required whether under the Master Agreement or otherwise) to amend, supplement, cancel, net out, terminate, liquidate, transfer or assign all or any part of the rights, benefits and obligations created by any Transaction and/or the Master Agreement and/or to obtain or re establish any hedge or related trading position in any manner and with any person the Bank in its absolute discretion may determine and both the Bank’s and the Borrowers’ continuing obligations under any Transaction and/or the Master Agreement shall, unless agreed otherwise by the Bank, be calculated so far as the Bank considers it practicable by reference to the amended repayment schedule for the Loan taking into account the fact that less than the full amount of the Loan remains outstanding.
Master Agreement, Repayments and Prepayments. (a) Notwithstanding any provision of any Master Agreement to the contrary, in the case of a prepayment of all or part of the Loan (including, without limitation, in accordance with Clauses 8.4, 8.8 and 8.10 or under Clause 15.1) then, subject to Clause 8.12 (b), the Swap Banks shall be entitled but not obliged (and, where relevant, may do so without the consent of the Borrowers, where it would otherwise be required whether under a Master Agreement or otherwise) to amend, supplement, cancel, net out, terminate, liquidate, transfer or assign all or any part of the rights, benefits and obligations created by any Transaction and/or any Master Agreement and/or to obtain or re‑establish any hedge or related trading position in any manner and with any person the relevant Swap Bank in its absolute discretion may determine and both the relevant Swap Bank's and the Borrowers' continuing obligations under any Transaction and/or Master Agreement shall, unless agreed otherwise by the relevant Swap Bank, be calculated so far as the relevant Swap Bank considers it practicable by reference to the amended repayment schedule for the Loan or a Tranche taking into account the fact that less than the full amount of the Loan or a Tranche remains outstanding.
