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.
Appears in 3 contracts
Samples: Facility Agreement (Navios Maritime Holdings Inc.), Facility Agreement (Navios Maritime Holdings Inc.), Facility Agreement (Navios Maritime Holdings Inc.)
Notice of prepayment; reduction of repayment instalments. 4.6.1 No prepayment may be effected under clause 4.2 unless the Borrower Borrowers 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 Borrowers 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 Instalments pro rata between the Tranches and thereafter the repayment instalments of each Tranche in inverse order of their maturity.
4.6.3 The Borrower Borrowers may not prepay any part of the Loan except as expressly provided in this Agreement.
4.6.4 No amount prepaid may be reborrowed.
Appears in 3 contracts
Samples: Facility Agreement, Facility Agreement (Navios Maritime Holdings Inc.), Facility Agreement (Navios Maritime Holdings Inc.)
Notice of prepayment; reduction of repayment instalments. 4.6.1 No prepayment may be effected under clause Clause 4.2 unless the Borrower Borrowers shall have given the Bank 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 BankAgent, shall be irrevocable, shall specify the amount to be prepaid and the Advance in relation to which such prepayment is made and shall oblige the Borrower Borrowers to make such prepayment on the date specified.
4.6.2 Any amounts . Subject to Clause 2.9, no amount prepaid may be reborrowed and any amount prepaid pursuant to clause Clause 4.2 or Clause 8.2(a) shall be applied against the Loan in reducing repayment, first, of the Balloon Instalment relative to such Advance (if any) and thereafter then, of the repayment instalments of the relevant Advance under Clause 4.1 in the inverse order of their maturity.
4.6.3 . The Borrower Borrowers may not prepay the Loan or any part of the Loan except thereof save as expressly provided in this Agreement.
4.6.4 No amount prepaid may be reborrowed.
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Notice of prepayment; reduction of repayment instalments. 4.6.1 4.5.1 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 in writing of their its intention to make such prepayment. .
4.5.2 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 4.5.3 Any amounts amount prepaid pursuant to clause 4.2 clauses 4.2, 4.3 or 8.2.1
(a) shall be applied against the Loan in reducing the Balloon Instalment and thereafter reduction of the repayment instalments in inverse order of their maturityunder clause 4.1 (including the balloon payment) proportionately.
4.6.3 4.5.4 The Borrower may not prepay the Loan or any part of the Loan except thereof save as expressly provided in this Agreement.
4.6.4 4.5.5 No amount prepaid under this Agreement may be reborrowedre-borrowed.
Appears in 1 contract
Samples: Loan Agreement (Aegean Marine Petroleum Network Inc.)
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 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 BankAgent, 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 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 specified Advance in reducing the relevant Balloon Instalment and thereafter the relevant repayment instalments in inverse order of their maturitydue dates for payment.
4.6.3 The Borrower may not prepay any part of an Advance or the Loan except as expressly provided in this Agreement.
4.6.4 No amount prepaid may be reborrowed.
Appears in 1 contract
Samples: Loan Agreement (StealthGas Inc.)
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 thirty (1530) daysBanking Days’ prior written notice in writing of their 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.
4.6.2 Any amounts . No amount prepaid may be reborrowed and any amount prepaid pursuant to clause clauses 4.2 or 8.
(a) shall be applied against the Loan in reducing the repayment instalments under clause 4.1 (including the Balloon Instalment and thereafter Instalment) proportionately. Any amount prepaid under clause 8.4 shall be applied in reducing the repayment instalments under clause 4.1 (including the Balloon Instalment) in inverse order of their maturity.
4.6.3 . The Borrower may not prepay the Loan or any part of the Loan except thereof save as expressly provided in this Agreement.
4.6.4 No amount prepaid may be reborrowed.
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Notice of prepayment; reduction of repayment instalments. 4.6.1 4.5.1 No prepayment may be effected under clause 4.2 unless the Borrower Borrowers 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 Borrowers to make such prepayment on the date specified. No amount prepaid under this Agreement may be reborrowed.
4.6.2 4.5.2 Any amounts amount prepaid pursuant to clause 4.2 shall be applied against the Loan in reducing all the Balloon Instalment and thereafter Advances proportionately, provided however, that the repayment instalments prepayment of the Eniwetok First Advance under clause 2.3.17 shall be applied in inverse order of their maturityreducing such Advance only.
4.6.3 4.5.3 The Borrower Borrowers may not prepay the Loan or any part of the Loan except thereof save as expressly provided in this Agreement.
4.6.4 No amount prepaid may be reborrowed.
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Notice of prepayment; reduction of repayment instalments. 4.6.1 4.7.1 No prepayment may be effected under clause 4.2 unless the Borrower Borrowers shall have given the Bank at least fifteen five (155) 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 Borrowers to make such prepayment on the date specified.
4.6.2 4.7.2 Any amounts prepaid pursuant to clause 4.2 and 4.3 shall be applied against the Loan in reducing the Balloon Instalment and thereafter the repayment instalments in inverse order of their maturitythereof (including the Balloon Instalment) pro rata.
4.6.3 4.7.3 The Borrower Borrowers may not prepay any part of the Loan except as expressly provided in this Agreement.
4.6.4 4.7.4 No amount repaid or prepaid may be reborrowedre-borrowed.
Appears in 1 contract
Samples: Facility Agreement (Navios Maritime Acquisition CORP)
Notice of prepayment; reduction of repayment instalments. 4.6.1 No prepayment may be effected under clause 4.2 unless the Borrower Borrowers shall have given the Bank 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 BankLender, shall be irrevocable, shall specify the amount to be prepaid and shall oblige the Borrower Borrowers to make such prepayment on the date specified.
4.6.2 Any amounts prepaid pursuant to clause 4.2 clauses 4.2, 4.3 and 4.4 shall be applied against the Loan in reducing the Balloon Instalment and thereafter the repayment instalments in inverse order of their maturitypro rata.
4.6.3 The Borrower Borrowers may not prepay any part of the Loan except as expressly provided in this Agreement.
4.6.4 No amount prepaid may be reborrowed.
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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 BankLender, 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 amounts amount prepaid pursuant to clause 4.2 shall be applied first against the Loan in reducing the Balloon Instalment and thereafter against the remaining repayment instalments specified in clause 4.1.1 in inverse order of their maturity.
4.6.3 4.6.4 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.
Appears in 1 contract
Samples: Facility Agreement for a Term Loan (StealthGas Inc.)
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 two (152) 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 remaining repayment instalments in inverse order of their maturity(including the Balloon Instalment) pro rata.
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.
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