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

Notice of prepayment; reduction of repayment instalments. No prepayment may be effected under clause 5.2 unless the Borrower shall have given the Bank at least thirty (30) Banking Days notice of 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. No amount prepaid may be reborrowed and any amount prepaid pursuant to clause 5.2 shall be applied in reducing the repayment instalments under clause 5.1 in direct order of their due dates for payment whilst any amount prepaid pursuant to clause 5.8 shall be applied in reducing the repayment instalments under clause 5.1 in inverse order of their due dates for payment and any amount prepaid pursuant to clause 9.2.1 shall be applied in reducing the repayment instalments under clause 5.1 proportionately. The Borrower may not prepay the Loan or any part thereof save as expressly provided in this Agreement.

Notice of prepayment; reduction of repayment instalments. No prepayment may be effected under clause 5.2 4.2 unless the Borrower shall have given the Bank at least thirty (30) Banking Days Days’ notice in writing of 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. No amount prepaid may be reborrowed and any amount prepaid pursuant to clause 5.2 clauses 4.2 or 8. (a) shall be applied in reducing the repayment instalments under clause 5.1 in direct order of their due dates for payment whilst any 4.1 (including the Balloon Instalment) proportionately. Any amount prepaid pursuant to under clause 5.8 8.4 shall be applied in reducing the repayment instalments under clause 5.1 4.1 (including the Balloon Instalment) in inverse order of their due dates for payment and any amount prepaid pursuant to clause 9.2.1 shall be applied in reducing the repayment instalments under clause 5.1 proportionatelymaturity. The Borrower may not prepay the Loan or any part thereof save as expressly provided in this Agreement.

Notice of prepayment; reduction of repayment instalments. No prepayment may be effected under clause 5.2 4.3 unless the Borrower shall have given the Agent (who shall notify each Bank thereof of the intended repayment) at least thirty fifteen (3015) Banking Days days’ notice of 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 shall oblige the Borrower to make such prepayment on the date specified. No amount of Facility A which is prepaid may be reborrowed and any amount or the Loan prepaid pursuant to clause 5.2 4.3 or clause 8.2.1 shall be applied in the case of a prepayment of Facility A in reducing the repayment instalment under clause 4.1 and in the case of a prepayment of Facility B (but subject to clause 4.2.3) in reducing the repayment instalments under clause 5.1 in direct order of their due dates for payment whilst any amount prepaid pursuant to clause 5.8 shall be applied in reducing the repayment instalments under clause 5.1 in inverse order of their due dates for payment and any amount prepaid pursuant to clause 9.2.1 shall be applied in reducing the repayment instalments under clause 5.1 proportionately4.2.1 on a pro-rata basis. The Borrower may not prepay the Loan or any part thereof save as expressly provided in this Agreement.

Notice of prepayment; reduction of repayment instalments. No prepayment may be effected under clause 5.2 4.3 unless the Borrower shall have given the Agent (who shall notify each Bank thereof of the intended repayment) at least thirty fifteen (3015) Banking Days days’ notice of 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 shall oblige the Borrower to make such prepayment on the date specified. No amount of Facility A which is prepaid may be reborrowed and any amount or the Loan prepaid pursuant to clause 5.2 4.3 or clause 8.2.1 shall be applied in the case of a prepayment of Facility A in reducing the repayment instalments under clause 5.1 4.1 on a pro rata basis and in direct order the case of their due dates for payment whilst any amount prepaid pursuant a prepayment of Facility B (but subject to clause 5.8 shall be applied 4.2.3) in reducing the repayment instalments under clause 5.1 in inverse order of their due dates for payment and any amount prepaid pursuant to clause 9.2.1 shall be applied in reducing the repayment instalments under clause 5.1 proportionately4.2.1 on a pro-rata basis. The Borrower may not prepay the Loan or any part thereof save as expressly provided in this Agreement.

Notice of prepayment; reduction of repayment instalments. 4.6.1 No prepayment may be effected under clause 5.2 4.2 unless the Borrower Borrowers shall have given the Bank Banks at least thirty fourteen (3014) Banking Days days’ notice of its their intention to make such prepayment. Every notice of prepayment shall be effective only on actual receipt by the BankBanks, 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 and any reborrowed. Any amount prepaid pursuant to clauses 4.2 and 8.2.1(a) shall be applied pro rata as between the relevant Advances and amounts repaid under clause 5.2 4.4 shall be applied first in prepayment of the Advance in respect of the Ship that shall have been sold or become a Total Loss and second on a pro rata basis as between the remaining Advances all such prepayments shall be applied in reducing the repayment instalments under clause 5.1 in direct order of their due dates for payment whilst any amount prepaid pursuant to clause 5.8 shall be applied in reducing the repayment instalments under clause 5.1 in inverse order of their due dates for payment and any amount prepaid pursuant to clause 9.2.1 shall be applied in reducing the repayment instalments under clause 5.1 proportionately. payment. 4.6.2 The Borrower Borrowers may not prepay the Loan or any part thereof save as expressly provided in this Agreement.