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. 4.5.2 The Borrower may not prepay any part of the Loan except as expressly provided in this Agreement. 4.5.3 No amount prepaid may be reborrowed.
Appears in 2 contracts
Samples: Secured Loan 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.
4.5.2 4.6.2 The Borrower may not prepay any part of the Loan except as expressly provided in this Agreement.
4.5.3 4.6.3 No amount prepaid may be reborrowed.
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.
4.5.2 The Borrower may not prepay any part of the Loan except as expressly provided in this Agreement.
4.5.3 No amount prepaid may be reborrowed.
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 (3) Banking Day’s prior written notice of its intention to make such prepayment. 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.
4.5.2 4.7.2 Any amount prepaid pursuant to clause 4.2 shall satisfy the obligations specified in clause 4.1.1 in inverse order of maturity.
4.7.3 The Borrower may not prepay the Loan or any part of the Loan thereof except as expressly provided in this Agreement.
4.5.3 4.7.4 No amount repaid or prepaid may be reborrowedre-borrowed.
Appears in 1 contract
Samples: Loan Agreement (EuroDry Ltd.)
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. 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.
4.5.2 4.6.2 Any amount prepaid pursuant to clause 4.2 shall be applied pro rata against the remaining Repayment Instalments (including the Balloon Instalment) specified in clause 4.1.1.
4.6.3 The Borrower may not prepay the Loan or any part of the Loan thereof except as expressly provided in this Agreement.
4.5.3 4.6.4 No amount repaid or prepaid may be reborrowedre-borrowed.
Appears in 1 contract
Samples: Facility Agreement (Euroseas Ltd.)
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. 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.
4.5.2 4.8.2 Any amount prepaid pursuant to clause 4.2 (Voluntary prepayment) shall be applied against each Repayment Instalment (including the Balloon Instalment) pro rata.
4.8.3 The Borrower may not prepay the Loan or any part of the Loan thereof except as expressly provided in this Agreement.
4.5.3 4.8.4 No amount repaid or prepaid may be reborrowedre-borrowed.
Appears in 1 contract
Samples: Loan Agreement (Pyxis Tankers Inc.)
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.
4.5.2 . No amount prepaid may be reborrowed. The Borrower Borrowers may not prepay the Loan or any part of the Loan except thereof save as expressly provided in this Agreement.
4.5.3 No amount prepaid may be reborrowed.
Appears in 1 contract