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.
Appears in 2 contracts
Samples: Supplemental Agreement (Quintana Shipping Ltd.), Supplemental Agreement (Quintana Shipping Ltd.)
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.
4.5.2 Any amount prepaid pursuant to clauses clause 4.2 or 4.3 in respect of a Tranche shall be applied first in reducing the repayment instalments (including the relevant balloon paymentBalloon Instalment) of the relevant Tranche under clause 4.1 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 Advance Tranche relevant to be prepaid proportionately the Ship lost or sold and, the remainder (if any) of such amountsecondly, shall be applied in equal shares between the remaining Advances in reducing the repayment instalments (including the relevant balloon paymentBalloon Instalments) of the other Trenches under clause 4.1 of 4.1.1 proportionately (and proportionately as between such Advances proportionatelyother Trenches).
4.5.3 4.5.4 Any amount prepaid pursuant to clause 8.2.1
(a4.3.3(c) shall be applied in equal shares 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 the Advances them and in reducing reduction of the repayment instalments (including the relevant balloon paymentsBalloon Instalments) 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 each Tranche under clause 4.1.1 proportionatelyin inverse order of their due dates for payment.
4.5.5 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.
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 (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 clause 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 reducing all 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 8.2.14.3 (but excluding clause 4.3.2(b)) shall be applied in reduction of that Advance under clause 4.1 relevant to the Borrower’s Ship lost or the Contract novated, transferred or assigned.
(a4.5.4 Any amount prepaid pursuant to clause 4.3.2(b) 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.
Appears in 2 contracts
Samples: Loan Agreement (Quintana Shipping Ltd.), Loan Agreement (Quintana Shipping Ltd.)
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.
4.5.2 Any amount prepaid pursuant to clauses clause 4.2 or 4.3 in respect of a Tranche shall be applied first in reducing the repayment instalments (including the relevant balloon paymentBalloon Instalment) of the relevant Tranche under clause 4.1 in inverse order of their due dates for payment.
4.5.3 Any amounts prepaid pursuant to clause 4.3.3(b)(í) shall be applied, first, in full prepayment of the Advance Tranche relevant to be prepaid proportionately the Ship lost or sold and, the remainder (if any) of such amountsecondly, shall be applied in equal shares between the remaining Advances in reducing the repayment instalments (including the relevant balloon paymentBalloon Instalments) of the other Tranches under clause 4.1 of proportionately (and proportionately as between such Advances proportionatelyother Tranches).
4.5.3 4.5.4 Any amount prepaid pursuant to clause 8.2.1
(a4.3.3(c) shall be applied in equal shares reducing such Tranches, and in such manner, as the Banks may require in their absolute discretion.
4.5.5 Any amount prepaid pursuant to clauses 8.2.1(a) and 4.3.3 (b)(ii) shall be applied in prepayment of all Tranches proportionately as between the Advances them and in reducing reduction of the repayment instalments (including the relevant balloon paymentsBalloon Instalments) of all Advances proportionatelyeach Tranche under clause 4.1 in inverse order of their due dates for payment.
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 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.
Appears in 1 contract
Samples: Ninth 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 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.
4.5.2 Any amount prepaid pursuant to clauses clause 4.2 or 4.3 in respect of a Tranche shall be applied first in reducing the repayment instalments (including the relevant balloon paymentBalloon Instalment) of the relevant Tranche 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 4.1.1 proportionately.
4.5.3 Any amount prepaid pursuant to clause 8.2.1
(a4.3.3(b) shall be applied in equal shares reducing such Tranches, and in such manner, as the Banks may require in their absolute discretion.
4.5.4 Any amount prepaid pursuant to clause 8.2.1(a) shall be applied in prepayment of all Tranches proportionately as between the Advances them and in reducing reduction of the repayment instalments (including the relevant balloon paymentsBalloon Instalments) 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 each Tranche 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.
Appears in 1 contract
Samples: Loan Agreement (Euronav NV)
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.
4.5.2 4.7.2 Any amount amounts prepaid pursuant to clauses clause 4.2 or 4.3 shall be applied first against the relevant Advance in reducing the repayment instalments thereof (including the relevant balloon paymentBalloon Instalment) under clause 4.1 of in such manner and order as shall be requested by the Advance to be prepaid proportionately and, Borrowers at the remainder (if any) time of such amount, prepayment.
4.7.3 Any amounts prepaid pursuant to clauses 4.3 or 4.5 shall be applied in equal shares between fully against the Relevant Advance and thereafter shall be applied pro rata against the repayment instalments of the remaining Advances in reducing the repayment instalments which are at that time outstanding (including the relevant balloon paymentBalloon Instalments) under clause 4.1 or in such other manner and order as shall be agreed between the Borrowers and the Lenders at the time of such Advances proportionatelyprepayment.
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 4.7.4 The Borrowers may not prepay any part of the Loan or any part thereof save except as expressly provided in this Agreement. .
4.7.5 No amount prepaid under this Agreement may be re-borrowed.
Appears in 1 contract
Samples: Facility Agreement for a Term Loan Facility (Navios Maritime Partners L.P.)
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.
4.5.2 Any amount prepaid pursuant to clauses clause 4.2 or 4.3 in respect of a Tranche shall be applied first in reducing the repayment instalments (including the relevant balloon paymentBalloon Instalment) of the relevant Tranche under clause 4.1 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 Advance Tranche relevant to be prepaid proportionately the Ship lost or sold and, the remainder (if any) of such amountsecondly, shall be applied in equal shares between the remaining Advances in reducing the repayment instalments (including the relevant balloon paymentBalloon Instalments) of the other Tranches under clause 4.1 of 4.1.1 proportionately (and proportionately as between such Advances proportionatelyother Tranches).
4.5.3 4.5.4 Any amount prepaid pursuant to clause 8.2.1
(a4.3.3(c) shall be applied in equal shares reducing such Tranches, 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 Tranches proportionately as between the Advances them and in reducing reduction of the repayment instalments (including the relevant balloon paymentsBalloon Instalments) 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 each Tranche under clause 4.1.1 proportionatelyin inverse order of their due dates for payment.
4.5.5 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.
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 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.
4.5.2 Any amount prepaid pursuant to clauses clause 4.2 or 4.3 in respect of a Tranche shall be applied first in reducing the repayment instalments (including the relevant balloon paymentBalloon Instalment) of the relevant Tranche under clause 4.1 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 Advance Tranche relevant to be prepaid proportionately the Ship lost or sold and, the remainder (if any) of such amountsecondly, shall be applied in equal shares between the remaining Advances in reducing the repayment instalments (including the relevant balloon paymentBalloon Instalments) of the other Tranches under clause 4.1 of 4.1.1 proportionately (and proportionately as between such Advances proportionatelyother Tranches).
4.5.3 4.5.4 Any amount prepaid pursuant to clause 8.2.1
(a4.3.3(c) shall be applied in equal shares reducing such Tranches, 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 Tranches proportionately as between the Advances them and in reducing reduction of the repayment instalments (including the relevant balloon paymentsBalloon Instalments) 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 each Tranche under clause 4.1.1 proportionatelyin inverse order of their due dates for payment.
4.5.5 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.
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.
4.5.2 Any amount prepaid pursuant to clauses clause 4.2 or 4.3 in respect of an Advance shall be applied first in reducing the repayment instalments (including of the relevant balloon paymentAdvance (including, where applicable, the relevant Balloon Instalment) under clause 4.1 whether in chronological or in inverse order of their due dates of payment, or proportionately, at 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 proportionatelyBorrowers’ option.
4.5.3 Any amount prepaid pursuant to clause 8.2.1
(a4.3.2(b) or clause 8.2.1(a) shall be applied in equal shares prepayment of all Advances proportionately as between the Advances them and in reducing reduction of the repayment instalments of each Advance (including the relevant balloon paymentsBalloon Instalments) in inverse order of all Advances proportionatelytheir due dates of payment.
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. .
4.5.5 No amount prepaid under this Agreement may be re-borrowed.
Appears in 1 contract
Samples: Loan Agreement (Poseidon Containers 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 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 the other Advance 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 both 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.
Appears in 1 contract
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.
4.5.2 Any amount prepaid pursuant to clauses clause 4.2 or 4.3 in respect of a Tranche shall be applied first in reducing the repayment instalments (including the relevant balloon paymentBalloon Instalment) of the relevant Tranche under clause 4.1 in inverse order of their due dates for payment.
4.5.3 Any amounts prepaid pursuant to clause 4.3.3(b) shall be applied, first, in full prepayment of the Advance Tranche relevant to be prepaid proportionately the Ship lost or sold and, the remainder (if any) of such amountsecondly, shall be applied in equal shares between the remaining Advances in reducing the repayment instalments (including the relevant balloon paymentBalloon Instalments) of the other Tranches under clause 4.1 of proportionately (and proportionately as between such Advances proportionatelyother Trenches).
4.5.3 4.5.4 Any amount prepaid pursuant to clause 8.2.1
(a4.3.3(c) shall be applied in equal shares reducing such Tranches, 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 Tranches proportionately as between the Advances them and in reducing reduction of the repayment instalments (including the relevant balloon paymentsBalloon Instalments) of all Advances proportionatelyeach Tranche under clause 4.1 in inverse order of their due dates for payment.
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 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.
Appears in 1 contract
Samples: Third 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 (15) days’ prior written notice of their intention to make such prepayment. 4.6.1 Every notice of prepayment shall be effective only on actual receipt by the Facility Agent, 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 re-borrowed.
4.5.2 4.6.2 Any amount prepaid pursuant to clauses clause 4.2 or 4.3 shall be applied first in reduction of the relevant Ship Tranche pro rata between the relevant KEXIM Advance and the relevant Commercial Lenders Advance and be applied with respect to each such Advance in reducing the its repayment instalments (including the any relevant balloon payment) under clause 4.1 proportionately.
4.6.3 Any amount prepaid pursuant to clause 4.3 shall be applied first in reduction of the relevant Ship Tranche pro rata between the relevant KEXIM Advance and the relevant Commercial Lenders Advance and be applied with respect to be prepaid each such Advance in reducing its repayment instalments (including any relevant balloon payment) under clause 4.1 proportionately and, and the remainder (if any) of such amount, amount shall be applied in equal shares reduction of all remaining Ship Tranches proportionately and, in relation to each such Ship Tranche, between the remaining Advances relevant KEXIM Advance and the relevant Commercial Lenders Advance and, be applied with respect to each such KEXIM Advance and each such Commercial Lenders Advance in reducing the its repayment instalments (including the any relevant balloon payment) under clause 4.1 of such Advances proportionately.
4.5.3 4.6.4 Any amount prepaid pursuant to clause 8.2.1
(a) 8.2.1 shall be applied in equal shares reduction of all Ship Tranches pro rata and, in relation to each Ship Tranche, between the Advances relevant KEXIM Advance and the relevant Commercial Lenders Advance and, be applied with respect to each such KEXIM Advance and each such Commercial Lenders Advance in reducing the its repayment instalments (including the any relevant balloon paymentspayment) of all Advances under clause 4.1 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 4.6.5 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.
Appears in 1 contract
Samples: Loan Agreement (DryShips 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.
4.5.2 Any amount prepaid pursuant to clauses clause 4.2 or 4.3 in respect of a Tranche shall be applied first in reducing the repayment instalments (including the relevant balloon paymentBalloon Instalment) of the relevant Tranche under clause 4.1 in inverse order of their due dates for payment.
4.5.3 Any amounts prepaid pursuant to clause 4.3.3(b) shall be applied, first, in full prepayment of the Advance Tranche relevant to be prepaid proportionately the Ship lost or sold and, the remainder (if any) of such amountsecondly, shall be applied in equal shares between the remaining Advances in reducing the repayment instalments (including the relevant balloon paymentBalloon Instalments) of the other Tranches under clause 4.1 of proportionately (and proportionately as between such Advances proportionatelyother Tranches).
4.5.3 4.5.4 Any amount prepaid pursuant to clause 8.2.1
(a4.3.3(c) shall be applied in equal shares reducing such Tranches, 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 Tranches proportionately as between the Advances them and in reducing reduction of the repayment instalments (including the relevant balloon paymentsBalloon Instalments) of all Advances proportionatelyeach Tranche under clause 4.1 in inverse order of their due dates for payment.
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 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.
Appears in 1 contract
Samples: Second 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 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.
4.5.2 Any amount prepaid pursuant to clauses clause 4.2 or 4.3 in respect of a Tranche shall be applied first in reducing the repayment instalments (including of the relevant balloon paymentTranche (including, where applicable, the Balloon Instalment) 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
(a8.2.1(a) shall be applied in equal shares prepayment of both Tranches proportionately as between the Advances them and in reducing reduction of the repayment instalments of each Tranche (including including, where applicable, the relevant balloon paymentsBalloon Instalment) of all Advances under clause 4.1 proportionately.
4.5.4 The Any amount of a Tranche prepaid pursuant to clause 4.8 4.3 shall be applied in reducing reduction of the repayment instalments of such Tranche (and including, where applicable, the relevant balloon repaymentBalloon Instalment) payable under clause 4.1.1 4.1 proportionately.
4.5.5 The Borrowers may not prepay the Loan or any part thereof save as expressly provided in this Agreement. .
4.5.6 No amount prepaid under this Agreement may be re-borrowed.
Appears in 1 contract
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 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 clauses clause 4.2 or 4.3 in respect of a Tranche shall be applied first in reducing the repayment instalments (including of the relevant balloon payment) Tranche under clause 4.1 in inverse order 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 their due dates for payment) under clause 4.1 of such Advances proportionately.
4.5.3 Any amount prepaid pursuant to clause 8.2.14.3.4 shall be applied in reducing such Advances and/or the repayment instalments of such Tranches, and in such manner, as the Bank may require in its absolute discretion.
(a4.5.4 Any amount prepaid pursuant to clause 8.2.1(a) shall be applied in equal shares prepayment of all Tranches proportionately as between the Advances them and in reducing reduction of 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 each Tranche in reducing the repayment instalments (and the relevant balloon repayment) payable under clause 4.1.1 proportionatelyinverse order of their due dates for payment.
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.
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 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.
4.5.2 Any amount prepaid pursuant to clauses clause 4.2 or 4.3 in respect of an Advance shall be applied first in reducing the repayment instalments (including of the relevant balloon paymentAdvance (including, where applicable, the relevant Balloon Instalment) 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
(a8.2.1(a) shall be applied in equal shares prepayment of both Advances proportionately as between the Advances them and in reducing reduction of the repayment instalments (including the relevant balloon payments) of all Advances each Advance 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. .
4.5.5 No amount prepaid under this Agreement may be re-borrowed.
Appears in 1 contract
Samples: Loan Agreement (Diana Shipping 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 Bank at least fifteen ten (1510) 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 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 clauses clause 4.2 or 4.3 in respect of a Tranche shall be applied first in reducing the repayment instalments of the relevant Tranche (including the relevant balloon paymentBalloon Instalment) under clause 4.1 in inverse order of their due dates for payment or in any other manner requested in writing by the Advance to be prepaid proportionately and, Borrowers and agreed in writing by 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 proportionatelyBank.
4.5.3 Any amount prepaid pursuant to clause 8.2.1
(a4.3.3(a)(ii) or clause 4,3.3(b) shall be applied in equal shares between the reducing such Advances in reducing and/or the repayment instalments (including of such Tranches, and in such manner, as the relevant balloon payments) of all Advances proportionatelyBank may require in its absolute discretion.
4.5.4 The Any amount prepaid pursuant to clause 4.8 8.2.1(a) shall be applied in reducing prepayment of both Tranches proportionately as between them and in reduction of the repayment instalments (and the relevant balloon repayment) payable under clause 4.1.1 proportionatelyof each Tranche in inverse order of their due dates for payment.
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.
Appears in 1 contract
Samples: 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 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.
4.5.2 Any amount prepaid pursuant to clauses clause 4.2 or 4.3 in respect of a Tranche shall be applied first in reducing the repayment instalments (including the relevant balloon paymentBalloon Instalment) of the relevant Tranche under clause 4.1 4.1.1 in inverse order of their due dates for payment.
4.5.3 Any amounts prepaid pursuant to clause 4.3.3(b) shall be applied, first, in full prepayment of the Advance Tranche relevant to be prepaid proportionately the Ship lost or sold and, the remainder (if any) of such amountsecondly, shall be applied in equal shares between the remaining Advances in reducing the repayment instalments (including the relevant balloon paymentBalloon Instalments) of the other Tranches under clause 4.1 of 4.1.1 proportionately (and proportionately as between such Advances proportionatelyother Tranches).
4.5.3 4.5.4 Any amount prepaid pursuant to clause 8.2.1
(a4.3.3(c) shall be applied in equal shares reducing such Tranches, 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 Tranches proportionately as between the Advances them and in reducing reduction of the repayment instalments (including the relevant balloon paymentsBalloon Instalments) 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 each Tranche under clause 4.1.1 proportionatelyin inverse order of their due dates for payment.
4.5.5 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.
Appears in 1 contract
Samples: Loan Agreement (Aegean Marine Petroleum Network Inc.)
