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.)
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
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.)
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.)
