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

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.

Appears in 3 contracts

Samples: Agreement (Euroseas Ltd.), Agreement (Box Ships Inc.), Agreement (StealthGas Inc.)

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Notice of prepayment; reduction of repayment instalments. 4.6.1 Every notice of prepayment shall be effective only on actual receipt by the LenderFacility Agent, shall be irrevocable, shall specify the amount to be prepaid and shall oblige the Borrower Borrowers to make such prepayment on the date specified. No amount prepaid may be re-borrowed.

Appears in 1 contract

Samples: Agreement (DryShips Inc.)

Notice of prepayment; reduction of repayment instalments. 4.6.1 4.8.1 Every notice of prepayment shall be effective only on actual receipt by the Lender, shall be irrevocable, shall specify the amount to be prepaid prepaid, shall specify the Tranche against which it is to be applied and shall oblige the Borrower to make such prepayment on the date specified. Subject to the other provisions of this Agreement, no amount prepaid under this Clause 4 in respect of the Loan may be reborrowed.

Appears in 1 contract

Samples: Agreement (StealthGas Inc.)

Notice of prepayment; reduction of repayment instalments. 4.6.1 9.8.1 Every notice of prepayment shall be effective only on actual receipt by the LenderFacility Agent, shall be irrevocable, shall specify the amount to be prepaid and shall oblige the Borrower Borrowers to make such prepayment on the date specified.

Appears in 1 contract

Samples: Credit Agreement (DryShips Inc.)

Notice of prepayment; reduction of repayment instalments. 4.6.1 6.7.1 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 Borrowers to make such prepayment on the date specified.

Appears in 1 contract

Samples: Facility Agreement (Navios Maritime Partners L.P.)

Notice of prepayment; reduction of repayment instalments. 4.6.1 4.8.1 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.

Appears in 1 contract

Samples: Loan Agreement (Pyxis Tankers Inc.)

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Notice of prepayment; reduction of repayment instalments. 4.6.1 4.7.1 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.

Appears in 1 contract

Samples: Agreement (EuroDry Ltd.)

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 Borrowers to make such prepayment on the date specified.

Appears in 1 contract

Samples: Facility Agreement (Euroseas Ltd.)

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 the Advance against which it is to be applied and shall oblige the Borrower to make such prepayment on the date specified.

Appears in 1 contract

Samples: Agreement (StealthGas Inc.)

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