Notice of prepayment; reduction of maximum loan amount. 4.7.1 Every notice of prepayment shall be effective only on actual receipt by the Payment Agent, shall be irrevocable, shall specify the amount to be prepaid and the Tranche which is to be prepaid and shall oblige the Borrowers to make such prepayment on the date specified. Subject to the other provisions of this Agreement and in particular Clause 2.6, no amount prepaid under this Clause 4 in respect of the Loan may be reborrowed. 4.7.2 Any amounts prepaid pursuant to clause 4.2 shall be applied against the relevant Tranche in reducing the Balloon Instalment and other outstanding repayment instalments pro rata. 4.7.3 Any amounts prepaid pursuant to clauses 4.3, 4.4 or 4.5 shall be applied against the Relevant Tranche and thereafter against the Loan in accordance with clause 4.7.2. 4.7.4 The Borrowers’ obligations set out in Clause 4.1.1 shall not be affected by any prepayment in respect of the Loan pursuant to clause 4.2. 4.7.5 The Borrowers may not prepay any part of the Loan except as expressly provided in this Agreement.
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Samples: Facility Agreement (Navios Maritime Acquisition CORP), Facility Agreement (Navios Maritime Holdings Inc.)
Notice of prepayment; reduction of maximum loan amount. 4.7.1 Every notice of prepayment shall be effective only on actual receipt by the Payment Agent, shall be irrevocable, shall specify the amount to be prepaid and the Tranche which is to be prepaid and shall oblige the Borrowers to make such prepayment on the date specified. Subject to the other provisions of this Agreement and in particular Clause 2.6, no amount prepaid under this Clause 4 in respect of the Loan may be reborrowed.
4.7.2 Any amounts prepaid pursuant to clause 4.2 shall be applied against the relevant Tranche in reducing the Balloon Instalment and other outstanding repayment instalments pro rata.
4.7.3 Any amounts prepaid pursuant to clauses 4.3, 4.4 or 4.5 shall be applied against the Relevant Tranche and thereafter against the Loan pro rata against the remaining Tranches in accordance with clause 4.7.2.
4.7.4 The Borrowers’ obligations set out in Clause 4.1.1 shall not be affected by any prepayment in respect of the Loan pursuant to clause 4.2.
4.7.5 The Borrowers may not prepay any part of the Loan except as expressly provided in this Agreement.
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Notice of prepayment; reduction of maximum loan amount. 4.7.1 Every notice of prepayment shall be effective only on actual receipt by the Payment Agent, shall be irrevocable, shall specify the amount to be prepaid and the Tranche which is to be prepaid and shall oblige the Borrowers to make such prepayment on the date specified. Subject to the other provisions of this Agreement and in particular Clause 2.6, no amount prepaid under this Clause 4 in respect of the Loan may be reborrowed.
4.7.2 Any amounts prepaid pursuant to clause 4.2 shall be applied against the relevant Tranche in reducing the Balloon Instalment and other outstanding repayment instalments pro rata.
4.7.3 Any amounts prepaid pursuant to clauses 4.3, 4.4 or 4.5 shall be applied against the Relevant Tranche and thereafter against the Loan pro rata against the remaining Tranches in accordance with clause 4.7.2.
4.7.4 The Borrowers’ obligations set out in Clause 4.1.1 shall not be affected by any prepayment in respect of the Loan pursuant to clause 4.2.
4.7.5 The Borrowers may not prepay any part of the Loan except as expressly provided in this Agreement.. 21
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Samples: Facility Agreement (Navios Maritime Acquisition CORP)
Notice of prepayment; reduction of maximum loan amount. 4.7.1 Every notice of prepayment shall be effective only on actual receipt by the Payment Agent, shall be irrevocable, shall specify the amount to be prepaid and the Tranche which is to be prepaid and shall oblige the Borrowers Borrower to make such prepayment on the date specified. Subject to the other provisions of this Agreement and in particular Clause 2.6, no amount prepaid under this Clause 4 in respect of the Loan may be reborrowed.
4.7.2 Any amounts prepaid Upon prepayment in respect of the Loan pursuant to clause 4.2 clauses 4.3 or 4.5 the Loan Amounts Outstanding set out in column “B” or “C” as appropriate in Clause 4.1 relating to the period after such prepayment shall each be applied against reduced by the relevant Tranche in reducing the Balloon Instalment and other outstanding repayment instalments pro rataPrepayment Ratio of that amount.
4.7.3 Any amounts prepaid pursuant to clauses 4.3, 4.4 or 4.5 shall be applied against the Relevant Tranche and thereafter against the Loan in accordance with clause 4.7.2.
4.7.4 The Borrowers’ Borrower’s obligations set out in Clause 4.1.1 shall not be affected by any prepayment in respect of the Loan pursuant to clause 4.2.
4.7.5 4.7.4 The Borrowers Borrower may not prepay any part of the Loan except as expressly provided in this Agreement.
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