Notice of prepayment; reduction of repayment instalments. 4.5.1 No prepayment may be effected under clause 4.2 unless the Borrower shall have given the Lender at least three (3) Banking Day’s prior written notice of its intention to make such prepayment. 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 2 contracts
Samples: Agreement (Navios Maritime Holdings Inc.), Secured Loan Agreement (Navios Maritime Holdings Inc.)
Notice of prepayment; reduction of repayment instalments. 4.5.1 4.6.1 No prepayment may be effected under clause 4.2 4.3 unless the Borrower shall have given the Lender at least three (3) Banking Day’s prior written notice of its intention to make such prepayment. 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
Notice of prepayment; reduction of repayment instalments. 4.5.1 No prepayment may be effected under clause 4.2 unless the Borrower Borrowers shall have given the Lender Bank at least three ten (310) Banking Day’s prior written days' notice of its their intention to make such prepayment. Every notice of prepayment shall be effective only on actual receipt by the LenderBank, shall be irrevocable, shall specify the Tranche and the amount thereof to be prepaid and shall oblige the Borrower Borrowers to make such prepayment on the date specified.
Appears in 1 contract
Samples: Supplemental Agreement (Aegean Marine Petroleum Network Inc.)
Notice of prepayment; reduction of repayment instalments. 4.5.1 4.7.1 No prepayment may be effected under clause 4.2 unless the Borrower Borrowers shall have given the Lender Bank at least three (3) Banking Day’s Days’ prior written notice of its their intention to make such prepayment. Every notice of prepayment shall be effective only on actual receipt by the LenderBank, shall be irrevocable, shall specify the amount to be prepaid and the Advance which is 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. 4.5.1 4.6.1 No prepayment may be effected under clause 4.2 unless the Borrower shall have given the Lender Bank at least three two (32) Banking Day’s days’ prior written notice of its their intention to make such prepayment. Every notice of prepayment shall be effective only on actual receipt by the LenderBank, 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
Notice of prepayment; reduction of repayment instalments. 4.5.1 No prepayment may be effected under clause 4.2 unless the Borrower Borrowers shall have given the Lender Bank at least three five (35) Banking Day’s Days prior written notice of its their intention to make such prepayment. Every notice of prepayment shall be effective only on actual receipt by the LenderBank, 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 reborrowed. The Borrowers may not prepay the Loan or any part thereof save as expressly provided in this Agreement.
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 Borrower shall have given the Lender at least three one (31) Banking Day’s prior written notice of its intention to make such prepayment. 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
Notice of prepayment; reduction of repayment instalments. 4.5.1 4.7.1 No prepayment may be effected under clause 4.2 unless the Borrower Borrowers shall have given the Lender Bank at least three five (35) Banking Day’s days’ prior written notice of its their intention to make such prepayment. Every notice of prepayment shall be effective only on actual receipt by the LenderBank, 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