Common use of Notice of prepayment; reduction of repayment instalments Clause in Contracts

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.

Appears in 5 contracts

Samples: Master Swap Agreement (Quintana Shipping Ltd.), Supplemental Agreement (Quintana Shipping Ltd.), Agreement (Quintana Shipping Ltd.)

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Notice of prepayment; reduction of repayment instalments. 4.5.1 4.7.1 No prepayment may be effected under clause 4.2 unless the Borrowers shall have given the Agent 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 AgentBank, shall be irrevocable, shall specify the amount to be prepaid and shall oblige the Borrowers to make such prepayment on the date specified.

Appears in 3 contracts

Samples: Facility Agreement (Navios Maritime Acquisition CORP), Agreement (Navios Maritime Acquisition CORP), Agreement (Navios Maritime Acquisition CORP)

Notice of prepayment; reduction of repayment instalments. 4.5.1 4.6.1 No prepayment may be effected under clause 4.2 unless the Borrowers Borrower shall have given the Agent 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 AgentBank, shall be irrevocable, shall specify the amount to be prepaid and shall oblige the Borrowers Borrower to make such prepayment on the date specified.

Appears in 3 contracts

Samples: Facility Agreement (Navios Maritime Holdings Inc.), Facility Agreement (Navios Maritime Holdings Inc.), Agreement (Navios Maritime Holdings Inc.)

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 thirty (1530) 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.

Appears in 3 contracts

Samples: Tenth Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Agreement (Aegean Marine Petroleum Network Inc.), Agreement (Aegean Marine Petroleum Network Inc.)

Notice of prepayment; reduction of repayment instalments. 4.5.1 4.6.1 No prepayment may be effected under clause 4.2 unless the Borrowers shall have given the Agent 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 AgentBank, shall be irrevocable, shall specify the amount to be prepaid and shall oblige the Borrowers to make such prepayment on the date specified.

Appears in 3 contracts

Samples: Agreement, Agreement (Navios Maritime Holdings Inc.), Facility Agreement (Navios Maritime Holdings Inc.)

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 Tranche and the amount thereof to be prepaid and shall oblige the Borrowers to make such prepayment on the date specified.

Appears in 2 contracts

Samples: Corporations and Companies (Aegean Marine Petroleum Network Inc.), Agreement (Aegean Marine Petroleum Network Inc.)

Notice of prepayment; reduction of repayment instalments. 4.5.1 No prepayment may be effected under clause 4.2 42 unless the Borrowers shall have given the Agent at least fifteen thirty (1530) 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.

Appears in 2 contracts

Samples: Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Supplemental Agreement (Aegean Marine Petroleum Network Inc.)

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 seven (157) days’ 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.

Appears in 2 contracts

Samples: Seanergy Maritime Holdings Corp., Seanergy Maritime Holdings Corp.

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 Bank at least fifteen fourteen (1514) days’ prior written notice of their intention to make such prepayment. Every notice of prepayment shall be effective only on actual receipt by the AgentBank, shall be irrevocable, shall specify the amount to be prepaid and shall oblige the Borrowers to make such prepayment on the date specified.. No amount prepaid may be reborrowed. Any amount prepaid pursuant to:

Appears in 1 contract

Samples: Agreement (Top Tankers Inc.)

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 ten (1510) days’ 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 Advance and the amount thereof to be prepaid and shall oblige the Borrowers to make such prepayment on the date specified.

Appears in 1 contract

Samples: Loan Agreement (Diana Shipping Inc.)

Notice of prepayment; reduction of repayment instalments. 4.5.1 4.6.1 No prepayment may be effected under clause 4.2 unless the Borrowers shall have given the Agent Lender at least fifteen thirty (1530) days’ prior written notice of their intention to make such prepayment. Every notice of prepayment shall be effective only on actual receipt by the AgentLender, shall be irrevocable, shall specify the amount to be prepaid and shall oblige the Borrowers to make such prepayment on the date specified.

Appears in 1 contract

Samples: Agreement (NewLead Holdings Ltd.)

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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 ten (1510) daysBanking 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.

Appears in 1 contract

Samples: Agreement (Diana Containerships Inc.)

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 thirty (1530) 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.

Appears in 1 contract

Samples: Loan Agreement (Aegean Marine Petroleum Network Inc.)

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 five (155) daysBanking 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 Advance and the amount thereof to be prepaid and shall oblige the Borrowers to make such prepayment on the date specified.

Appears in 1 contract

Samples: Loan Agreement (Poseidon Containers Holdings Corp.)

Notice of prepayment; reduction of repayment instalments. 4.5.1 4.7.1 No prepayment may be effected under clause 4.2 unless the Borrowers shall have given the Agent at least fifteen three (153) daysBanking 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.

Appears in 1 contract

Samples: Navios Maritime Partners L.P.

Notice of prepayment; reduction of repayment instalments. 4.5.1 4.6.1 No prepayment may be effected under clause 4.2 unless the Borrowers Borrower shall have given the Agent at least fifteen five (155) days’ Banking Days prior written notice of their its 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 the Advance against which the prepayment is to be applied and shall oblige the Borrowers Borrower to make such prepayment on the date specified.

Appears in 1 contract

Samples: Loan Agreement (StealthGas Inc.)

Notice of prepayment; reduction of repayment instalments. 4.5.1 4.6.1 No prepayment may be effected under clause 4.2 unless the Borrowers shall have given the Agent at least fifteen five (155) daysBanking 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.

Appears in 1 contract

Samples: Agreement (FreeSeas Inc.)

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 five (155) daysBanking 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 irrevocableirrevocable (unless otherwise agreed by the Agent), shall specify the Tranche and the amount thereof to be prepaid and shall oblige the Borrowers to make such prepayment on the date specified.

Appears in 1 contract

Samples: Loan Agreement (Euronav NV)

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