Master Swap Agreement, Repayments and Prepayments. 5.3.1 Notwithstanding any provision of the Master Swap Agreement to the contrary, in the case of a prepayment of all or part of the Loan (including, without limit, upon a Total Loss in accordance with clause 5.4 and under clause 9.2) then, subject to clause 5.3.2, the Bank shall be entitled but not obliged (and, where relevant, may do without the consent of the Borrower, where it would otherwise be required whether under the Master Swap Agreement or otherwise) to amend, re-book, supplement, cancel, close out, 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 Swap 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 Borrower’s continuing obligations under any Transaction and/or Master Swap 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 Swap Agreement, Repayments and Prepayments. 4.7.1 Notwithstanding any provision of the Master Agreement to the contrary, in the case of a prepayment of all or part of the Loan, the Lender shall be entitled but not obliged to take any action it deems appropriate in relation to 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 it may reasonably determine in order to match such Transaction to the amended repayment schedule for the Loan or an Advance.
Master Swap Agreement, Repayments and Prepayments. 4.7.1 Notwithstanding any provision of the Master Agreement to the contrary, in the case of a prepayment of all or part of an Advance, the Lender shall be entitled but not obliged to take any action it deems appropriate (including, but not limited to, cancellation, netting out, amendment or transfer) in relation to all or any part of the rights, benefits and obligations created by any Transaction and/or the Master Agreement relevant to that Advance and/or to obtain or re establish any hedge or related trading position in any manner it may determine in order to match such Transaction to the amended repayment schedule of said Advance. If the relevant Advance is repaid in full then the relevant Transaction will also be brought to an end in line with the terms of the Master Agreement.
Master Swap Agreement, Repayments and Prepayments. 4.3.1 Notwithstanding any provision of the Master Swap Agreement to the contrary, in the case of a prepayment of all or part of the Loan (including, without limit, upon a Total Loss in accordance with clause 4.4) then subject to clause 4.3.2 the Swap 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 or necessary under the Master Swap Agreement) to amend, re-book, supplement, cancel, close out, 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 Swap Agreement and/or to obtain or re-establish any hedge or related trading position to the extent any outstanding exposure is no longer wholly matched with or linked to all or part of the Loan in such manner and with such person as the Swap Bank may reasonably believe appropriate and both the Swap Bank’s and the Borrowers’ continuing obligations under any Transaction and/or the Master Swap Agreement shall, unless agreed otherwise by the Swap Bank, be calculated so far as the Swap 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.
