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

Notice of prepayment; reduction of repayment instalments. 4.5.1 No prepayment may be effected under clause 4.2 unless the Borrowers shall have given the Bank at least fourteen (14) days' 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 Tranche and the amount thereof to be prepaid and shall oblige the Borrowers to make such prepayment on the date specified.

Appears in 2 contracts

Samples: Tenth Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Eighth Supplemental Agreement (Aegean Marine Petroleum Network Inc.)

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Notice of prepayment; reduction of repayment instalments. 4.5.1 No prepayment may be effected under clause 4.2 unless the Borrowers Borrower shall have given the Bank at least fourteen fifteen (1415) days' 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 Tranche and the amount thereof to be prepaid and shall oblige the Borrowers to make such prepayment on the date specified.

Appears in 2 contracts

Samples: Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Loan Agreement (Aegean Marine Petroleum Network Inc.)

Notice of prepayment; reduction of repayment instalments. 4.5.1 No prepayment may be effected under clause 4.2 5.2 unless the Borrowers Borrower shall have given the Bank at least fourteen ten (1410) days' Banking Days notice 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 Tranche and the amount thereof to be prepaid and shall oblige the Borrowers to make such prepayment on the date specified.

Appears in 1 contract

Samples: Loan Agreement (Safe Bulkers, Inc.)

Notice of prepayment; reduction of repayment instalments. 4.5.1 No prepayment may be effected under clause 4.2 unless the Borrowers shall have given the Bank at least fourteen fifteen (1415) days' 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 Tranche and the amount thereof to be prepaid and shall oblige the Borrowers to make such prepayment on the date specified. No amount prepaid under this Agreement may be reborrowed.

Appears in 1 contract

Samples: Supplemental Agreement (Gala Properties Inc.)

Notice of prepayment; reduction of repayment instalments. 4.5.1 4.5.7 No prepayment may be effected under clause 4.2 (Voluntary prepayment) or 4.6 (Additional voluntary prepayment) unless the Borrowers Borrower shall have given the Bank Facility Agent at least fourteen (14) 14 days' notice 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 Tranche and the amount thereof to be prepaid and shall oblige the Borrowers to make such prepayment on the date specified.

Appears in 1 contract

Samples: Facilities Agreement

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Notice of prepayment; reduction of repayment instalments. 4.5.1 No prepayment may be effected under clause 4.2 unless the Borrowers shall have given the Bank Agent at least fourteen ten (1410) daysBanking 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 Tranche and the amount thereof to be prepaid and shall oblige the Borrowers to make such prepayment on the date specified.

Appears in 1 contract

Samples: Agreement (Seanergy Maritime Holdings Corp.)

Notice of prepayment; reduction of repayment instalments. 4.5.1 No prepayment may be effected under clause 4.2 unless the Borrowers shall have given the Bank at least fourteen (14) days' 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 Tranche and the amount thereof to be prepaid and shall oblige the Borrowers to make such prepayment on the date specified.

Appears in 1 contract

Samples: Loan Agreement (Aegean Marine Petroleum Network Inc.)

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