Notice of prepayment; reduction of repayment instalments Sample Clauses

Notice of prepayment; reduction of repayment instalments. 4.5.1 No prepayment may be effected under clause 42 unless the Borrowers shall have given the Agent at least thirty (30) days’ prior written notice of their intention to make such prepayment. Every notice of prepayment shall be effective only on actual receipt by the Agent, shall be irrevocable, shall specify the Tranche and the amount thereof to be prepaid and shall oblige the Borrowers to make such prepayment on the date specified. 4.5.2 Any amount prepaid pursuant to clause 4.2 in respect of a Tranche shall be applied in reducing the repayment instalments (including the relevant Balloon Instalment) of the relevant Tranche under clause 4.1, proportionately. 4.5.3 Any amounts prepaid pursuant to clause 4.3.3(b) shall be applied, first, in full prepayment of the Tranche relevant to the Ship lost or sold and, secondly, in reducing the repayment instalments (including the relevant Balloon Instalments) of the other Trenches under clause 4.1.1 proportionately (and proportionately as between such other Trenches). 4.5.4 Any amount prepaid pursuant to clause 4.3.3(c) shall be applied in reducing such Trenches, and in such manner, as the Banks may require in their absolute discretion. 4.5.5 Any amount prepaid pursuant to clause 8.2.1(a) shall be applied in prepayment of all Trenches proportionately as between them and in reduction of the repayment instalments (including the Balloon Instalments) of each Tranche under clause 4.1.1 in inverse order of their due dates for payment. 4.5.6 The Borrowers may not prepay the Loan or any part thereof save as expressly provided in this Agreement. No amount prepaid under this Agreement may be re-borrowed.

Notice of prepayment; reduction of repayment instalments. 4.7.1 No prepayment may be effected under clause 4.2 unless the Borrowers shall have given the Bank at least five (5) days’ prior written notice of their intention to make such prepayment. Every notice of prepayment shall be effective only on actual receipt by the Bank, shall be irrevocable, shall specify the amount to be prepaid and shall oblige the Borrowers to make such prepayment on the date specified. 4.7.2 Any amounts prepaid pursuant to clause 4.2 and 4.3 shall be applied against the Loan in reducing the repayment instalments thereof (including the Balloon Instalment) pro rata. 4.7.3 The Borrowers may not prepay any part of the Loan except as expressly provided in this Agreement. 4.7.4 No amount repaid or prepaid may be re-borrowed.

Notice of prepayment; reduction of repayment instalments. 4.5.1 No prepayment may be effected under clause 4.2 unless the Borrower shall have given the Lender at least three (3) Banking Day’s prior written notice of its intention to make such prepayment. Every notice of prepayment shall be effective only on actual receipt by the Lender, shall be irrevocable, shall specify the amount to be prepaid and shall oblige the Borrower to make such prepayment on the date specified. 4.5.2 The Borrower may not prepay any part of the Loan except as expressly provided in this Agreement. 4.5.3 No amount prepaid may be reborrowed.

Notice of prepayment; reduction of repayment instalments. No prepayment may be effected under clause 5.2 unless the Borrower shall have given the Bank at least fourteen (14) days notice of its intention to make such prepayment. Every notice of prepayment shall be effective only on actual receipt by the Bank, shall be irrevocable, shall specify the amount to be prepaid and shall oblige the Borrower to make such prepayment on the date specified. No amount prepaid may be reborrowed and any amount prepaid pursuant to clause 5.2 or clause 9. 2.1 shall be applied in reducing the repayment instalments under clause 5.1 in direct order of their due dates for payment. The Borrower may not prepay the Loan or any part thereof save as expressly provided in this Agreement.

Notice of prepayment; reduction of repayment instalments. 4.6.1 No prepayment may be effected under clause 4.2 unless the Borrower shall have given the Bank at least fifteen (15) days’ prior written notice of their intention to make such prepayment. Every notice of prepayment shall be effective only on actual receipt by the Bank, shall be irrevocable, shall specify the amount to be prepaid and shall oblige the Borrower to make such prepayment on the date specified. 4.6.2 Any amounts prepaid pursuant to clause 4.2 shall be applied against the Loan in reducing the Balloon Instalment and thereafter the repayment instalments in inverse order of their maturity. 4.6.3 The Borrower may not prepay any part of the Loan except as expressly provided in this Agreement. 4.6.4 No amount prepaid may be reborrowed.

Notice of prepayment; reduction of repayment instalments. No prepayment may be effected under clause 5.2 unless the Borrower shall have given the Bank at least thirty (30) Banking Days notice of its intention to make such prepayment. Every notice of prepayment shall be effective only on actual receipt by the Bank, shall be irrevocable, shall specify the amount to be prepaid and shall oblige the Borrower to make such prepayment on the date specified. No amount prepaid may be reborrowed and any amount prepaid pursuant to clause 5.2 shall be applied in reducing the repayment instalments under clause 5.1 in direct order of their due dates for payment whilst any amount prepaid pursuant to clause 5.8 shall be applied in reducing the repayment instalments under clause 5.1 in inverse order of their due dates for payment and any amount prepaid pursuant to clause 9.2.1 shall be applied in reducing the repayment instalments under clause 5.1 proportionately. The Borrower may not prepay the Loan or any part thereof save as expressly provided in this Agreement.

Notice of prepayment; reduction of repayment instalments. 4.5.1 No prepayment may be effected under clause 4.2 unless the Borrowers shall have given the Agent at least fifteen (15) days’ prior written notice of their intention to make such prepayment. Every notice of prepayment shall be effective only on actual receipt by the Agent, shall be irrevocable, shall specify the amount to be prepaid and shall oblige the Borrowers to make such prepayment on the date specified. 4.5.2 Any amount prepaid pursuant to clauses 4.2 or 4.3 shall be applied first in reducing the repayment instalments (including the relevant balloon payment) under clause 4.1 of the Advance to be prepaid proportionately and, the remainder (if any) of such amount, shall be applied in equal shares between the remaining Advances in reducing the repayment instalments (including the relevant balloon payment) under clause 4.1 of such Advances proportionately. 4.5.3 Any amount prepaid pursuant to clause 8.2.1 (a) shall be applied in equal shares between the Advances in reducing the repayment instalments (including the relevant balloon payments) of all Advances proportionately. 4.5.4 The amount prepaid pursuant to clause 4.8 shall be applied in reducing the repayment instalments (and the relevant balloon repayment) payable under clause 4.1.1 proportionately. 4.5.5 The Borrowers may not prepay the Loan or any part thereof save as expressly provided in this Agreement. No amount prepaid under this Agreement may be re-borrowed.

Notice of prepayment; reduction of repayment instalments. 4.5.1 No prepayment may be effected under clause 4.2 unless the Borrowers shall have given the Agent at least seven (7) Banking Days' prior written notice of their intention to make such prepayment. Every notice of prepayment shall be effective only on actual receipt by the Agent, shall be irrevocable, shall specify the Tranche and the amount thereof to be prepaid and shall oblige the Borrowers to make such prepayment on the date specified. 4.5.2 Any amount prepaid pursuant to clause 8.2.1(a) shall be applied in prepayment of all Trenches proportionately as between them and in reduction of the repayment instalments of each Tranche under clause 4.1.1 (including the Balloon Instalment) proportionately. 4.5.3 Any amounts prepaid pursuant to clause 4.2 in respect of a Tranche shall be applied in reducing the repayment instalments of that Tranche under clause 4.1.1 (including the Balloon Instalment) in inverse order of maturity. 4.5.4 The Borrowers may not prepay the Loan or any part thereof save as expressly provided in this Agreement. No amount prepaid under this Agreement may be reborrowed.

Notice of prepayment; reduction of repayment instalments. No prepayment may be effected under clause 4.2 unless the Borrowers shall have given the Bank at least fourteen (14) days' notice of their intention to make such prepayment. Every notice of prepayment shall be effective only on actual receipt by the Bank, shall be irrevocable, shall specify the Tranche and the amount thereof to be prepaid and shall oblige the Borrowers to make such prepayment on the date specified.

Notice of prepayment; reduction of repayment instalments. 4.6.1 Every notice of prepayment shall be effective only on actual receipt by the Lender, shall be irrevocable, shall specify the amount to be prepaid and shall oblige the Borrower to make such prepayment on the date specified. 4.6.2 Subject to the other provisions of this Agreement, no amount prepaid under this Clause 4 in respect of the Loan may be reborrowed. 4.6.3 Any amount prepaid pursuant to clause 4.2 shall be applied against the Loan in reducing pro rata the Balloon Instalment and the remaining repayment instalments specified in clause 4.1. 4.6.4 The Borrower may not prepay the Loan except as expressly provided in this Agreement.