Common use of Notice of Prepayment Clause in Contracts

Notice of Prepayment. If the Borrower does not agree with an interest rate set by the Lender under Clause 4.8, the Borrower may give the Lender not less than 15 Business Days’ notice of its intention to prepay at the end of the interest period set by the Lender.

Appears in 8 contracts

Samples: Loan Agreement (Pyxis Tankers Inc.), Loan Agreement (Poseidon Containers Holdings Corp.), Loan Agreement (Quintana Shipping Ltd.)

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Notice of Prepayment. If the Borrower does Borrowers do not agree with an interest rate set by the Lender under Clause 4.8, the Borrower Borrowers may give the Lender not less than 15 Business Days' notice of its their intention to prepay at the end of the interest period set by the Lender.

Appears in 7 contracts

Samples: Loan Agreement (EuroDry Ltd.), Loan Agreement (Diana Shipping Inc.), Loan Agreement (B Plus H Ocean Carriers LTD)

Notice of Prepayment. If the Borrower does not agree with an interest rate set by the Lender under Clause 4.8, the Borrower may give the Lender not less than 15 Business Days' notice of its intention to prepay at the end of the interest period set by the Lender.

Appears in 6 contracts

Samples: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Star Bulk Carriers Corp.)

Notice of Prepayment. If the Borrower does Borrowers do not agree with an interest rate set by the Lender under Clause 4.8, the Borrower Borrowers may give the Lender not less than 15 10 Business Days' notice of its their intention to prepay at the end of the interest period set by the Lender.

Appears in 4 contracts

Samples: Loan Agreement (StealthGas Inc.), Loan Agreement (StealthGas Inc.), Loan Agreement (StealthGas Inc.)

Notice of Prepayment. If the Borrower does not agree with an interest rate set by the Lender under Clause 4.8, the Borrower may give the Lender not less than 15 Business Days’ notice of its intention to prepay the relevant Advance or Advances at the end of the interest period set by the Lender.

Appears in 4 contracts

Samples: Loan Agreement (Danaos Corp), Loan Agreement (Danaos Corp), Loan Agreement (Danaos Corp)

Notice of Prepayment. If the Borrower does not agree with an interest rate set by the Lender under Clause 4.8, the Borrower may give the Lender not less than 15 Business Days’ notice of its intention to prepay at the end of the interest period set by the Lenderprepay.

Appears in 2 contracts

Samples: Loan Agreement (Tsakos Energy Navigation LTD), Loan Agreement (Tsakos Energy Navigation LTD)

Notice of Prepayment. If the Borrower does Borrowers do not agree with an interest rate set by the Lender under Clause 4.8, the Borrower Borrowers may give the Lender not less than 15 10 Business Days’ notice of its their intention to prepay the Loan (or any part thereof) or Tranche at the end of the interest period set by the Lender.

Appears in 2 contracts

Samples: Amending and Restating Agreement (DryShips Inc.), Loan Agreement (DryShips Inc.)

Notice of Prepayment. If the Borrower does not agree with an interest rate set by the Lender under Clause 4.8, the Borrower may give the Lender not less than 15 10 Business Days’ notice of its intention to prepay at the end of the interest period set by the Lender.

Appears in 2 contracts

Samples: Loan Agreement (NewLead Holdings Ltd.), Loan Agreement (NewLead Holdings Ltd.)

Notice of Prepayment. If the Borrower does not agree with an interest rate set by the Lender Bank under Clause 4.83.6(d), the Borrower may give the Lender Bank not less than 15 Business 5 Banking Days’ notice of its intention to prepay the Loan at the end of the interest period set by the LenderBank.

Appears in 2 contracts

Samples: Loan Agreement (NewLead Holdings Ltd.), Loan Agreement (NewLead Holdings Ltd.)

Notice of Prepayment. If the Borrower does Borrowers do not agree with an interest rate set by the Lender under Clause 4.8, the Borrower Borrowers may give the Lender not less than 15 Business Days’ notice of its their intention to prepay at the end of the interest period set by the Lender.

Appears in 2 contracts

Samples: Loan Agreement (Scorpio Bulkers Inc.), Loan Agreement (Quintana Shipping Ltd.)

Notice of Prepayment. If the Borrower does not agree with an interest rate set by the Lender under Clause 4.84.9, the Borrower may give the Lender not less than 15 Business Days’ notice of its intention to prepay at the end of the interest period set by the Lender.

Appears in 2 contracts

Samples: Loan Agreement (Arlington Tankers Ltd.), Loan Agreement (General Maritime Corp / MI)

Notice of Prepayment. If the Borrower does Borrowers do not agree with an interest rate set by the Lender under Clause 4.83.7 (Cost of funds), the Borrower Borrowers may give the Lender not less than 15 Business 5 Banking Days’ notice of its intention to prepay the Loan at the end of the interest period set by the Lender.

Appears in 2 contracts

Samples: Facility Agreement (Euroseas Ltd.), Facility Agreement (EuroDry Ltd.)

Notice of Prepayment. If the Borrower does not agree with an interest rate set by the Lender under Clause 4.83.6(d), the Borrower may give the Lender not less than 15 Business 5 Banking Days' notice of its intention to prepay the Loan at the end of the interest period set by the Lender.

Appears in 2 contracts

Samples: Loan Agreement (Seanergy Maritime Holdings Corp.), Loan Agreement (Seanergy Maritime Holdings Corp.)

Notice of Prepayment. If the Borrower does not agree with an interest rate set by the Lender under Clause 4.8, the Borrower may give the Lender not less than 15 Business Days’ notice of its intention to prepay the Loan at the end of the interest period set by the Lender.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement (Capital Product Partners L.P.)

Notice of Prepayment. If the Borrower does Borrowers do not agree with an interest rate set by the Lender under Clause 4.84.9, the Borrower Borrowers may give the Lender not less than 15 Business Days' notice of its their intention to prepay the relevant Advance or the Loan at the end of the interest period set by the Lender.

Appears in 1 contract

Samples: Loan Agreement (Omega Navigation Enterprises, Inc.)

Notice of Prepayment. If the Borrower does not agree with an interest rate set by the Lender under Clause 4.80, the Borrower may give the Lender not less than 15 7 Business Days’ notice of its intention to prepay at the end of the interest period set by the Lender.

Appears in 1 contract

Samples: Loan Agreement (Product Shipping Ltd.)

Notice of Prepayment. If the Borrower does not agree with an interest rate set by the Lender under Clause 4.8Lender, the Borrower may give the Lender not less than 15 five Business Days’ notice of its intention to prepay the Loan at the end of the interest period set by the Lender.

Appears in 1 contract

Samples: Loan Agreement (Toro Corp.)

Notice of Prepayment. If the Borrower does Borrowers do not agree with an interest rate set by the Lender under Clause 4.8, the Borrower Borrowers may give the Lender not less than 15 Business Days' notice of its intention to prepay the Advance at the end of the interest period set by the Lender.

Appears in 1 contract

Samples: Loan Agreement (Mc Shipping Inc)

Notice of Prepayment. If the Borrower does Borrowers do not agree with an interest rate set by the Lender Bank under Clause 4.83.6(d), the Borrower Borrowers may give the Lender Bank not less than 15 Business Banking Days’ notice of its intention to prepay the Loan at the end of the interest period set by the LenderBank.

Appears in 1 contract

Samples: Loan Agreement (FreeSeas Inc.)

Notice of Prepayment. If the Borrower does not agree with an interest rate set by the Lender under Clause 4.85.8, the Borrower may give the Lender not less than 15 Business Days’ notice of its intention to prepay at the end of the interest period set by the Lender.

Appears in 1 contract

Samples: Loan Agreement (Tsakos Energy Navigation LTD)

Notice of Prepayment. If the Borrower does not agree with an interest rate set by the Lender under Clause 4.8, the Borrower may give the Lender not less than 15 Business Days' notice of its intention to prepay the Loan at the end of the interest period set by the Lender.

Appears in 1 contract

Samples: Loan Agreement (Box Ships Inc.)

Notice of Prepayment. If the Borrower does Borrowers do not agree with an interest rate set by the Lender under Clause 4.8, the Borrower Borrowers may give the Lender not less than 15 Business Days’ notice of its their intention to prepay the relevant Advance or Advances at the end of the interest period set by the Lender.

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

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Notice of Prepayment. If the Borrower does not agree with an interest rate set by the Lender Bank under Clause 4.83.6(d), the Borrower may give the Lender Bank not less than 15 Business Banking Days’ notice of its intention to prepay the Loan at the end of the interest period set by the LenderBank.

Appears in 1 contract

Samples: Credit Agreement (Paragon Shipping Inc.)

Notice of Prepayment. If the Borrower does Borrowers do not agree with an interest rate the Applicable Interest Rate set by the Lender under Clause 4.84.6, the Borrower Borrowers may give the Lender not less than 15 Business Days’ notice of its their intention to prepay the Loan at the end of the interest period set by the LenderDisruption Period.

Appears in 1 contract

Samples: Loan Agreement (Oceanfreight Inc.)

Notice of Prepayment. If the Borrower does not agree with an interest rate set by the Lender under Clause 4.84.9, the Borrower may give the Lender not less than 15 Business Days' notice of its intention to prepay at the end of the interest period set by the Lender.

Appears in 1 contract

Samples: Loan Agreement (Arlington Tankers Ltd.)

Notice of Prepayment. If the Borrower does not agree with an interest rate set notified by the a Lender under Clause 4.85.7(a), the Borrower may give the Lender Agent not less than 15 Business Days' notice of its intention to prepay that Lender's Contribution at the end of the interest period set by the Lenderperiod.

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

Notice of Prepayment. If the Borrower does not agree with an interest rate set by the Lender under Clause 4.8, the Borrower may give the Lender not less than 15 10 Business Days' notice of its intention to prepay at the end of the interest period set by the Lender.

Appears in 1 contract

Samples: Loan Agreement (StealthGas Inc.)

Notice of Prepayment. If the Borrower does not agree with an interest rate set by the Lender under Clause 4.8, the Borrower may give the Lender not less than 15 5 Business Days’ notice of its intention to prepay the Loan at the end of the interest period set by the Lender.

Appears in 1 contract

Samples: Loan Agreement (Knightsbridge Tankers LTD)

Notice of Prepayment. If the Borrower does not agree with an interest rate set by the Lender under Clause 4.810.3 (Cost of funds), the Borrower may give the Lender not less than 15 5 Business Days’ notice of its intention to prepay the Loan at the end of the interest period set by the Lender.

Appears in 1 contract

Samples: Supplemental Agreement (Euroseas Ltd.)

Notice of Prepayment. If the Borrower does not agree with an interest rate set by the Lender under Clause 4.83.7 (Cost of funds), the Borrower may give the Lender not less than 15 Business 5 Banking Days’ notice of its intention to prepay the Loan at the end of the interest period set by the Lender.

Appears in 1 contract

Samples: Supplemental Agreement (EuroDry Ltd.)

Notice of Prepayment. If the Borrower does not agree with an interest rate set by the Lender Bank under Clause 4.83.6(d), the Borrower may give the Lender Bank not less than 15 Business Banking Days’ notice of its intention to prepay the Loan at the end of the interest period set by the Lender.Bank

Appears in 1 contract

Samples: First Supplemental Agreement (FreeSeas Inc.)

Notice of Prepayment. If the Borrower does not agree with an interest rate set by the Lender under Clause 4.8, the Borrower may give the Lender not less than 15 Business Days' notice of its their intention to prepay at the end of the interest period set by the Lender.

Appears in 1 contract

Samples: Loan Agreement (Diana Shipping Inc.)

Notice of Prepayment. If the Borrower does Borrowers do not agree with an interest rate set by the Lender Bank under Clause 4.83.06 (e), the Borrower Borrowers may give the Lender Bank not less than 15 Business Banking Days’ notice of its their intention to prepay at the end of the interest period set by the LenderBank.

Appears in 1 contract

Samples: Loan Agreement (Poseidon Containers Holdings Corp.)

Notice of Prepayment. If the Borrower does Borrowers do not agree with an interest rate set by the Lender under Clause 4.8, the Borrower Borrowers may give the Lender not less than 15 Business Days’ notice of its their intention to prepay the Loan or any part thereof at the end of the interest period set by the Lender.

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

Notice of Prepayment. If the Borrower does not agree with an interest rate set by the Lender under Clause 4.8Lender, the Borrower may give the Lender not less than 15 five Business Days' notice of its intention to prepay the Loan at the end of the interest period set by the Lender.

Appears in 1 contract

Samples: Loan Agreement (Castor Maritime Inc.)

Notice of Prepayment. If the Borrower does not agree with an interest rate set by the Lender under Clause 4.8clause 3.7 (Cost of funds), the Borrower may give the Lender not less than 15 Business 5 Banking Days’ notice of its intention to prepay the Loan at the end of the interest period set by the Lender.

Appears in 1 contract

Samples: Loan Agreement (Pyxis Tankers Inc.)

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