Common use of Notice of Prepayment Clause in Contracts

Notice of Prepayment. If the Borrowers are not willing to continue to compensate the Lender for the increased cost under Clause 23.3, the Borrowers may give the Lender not less than 14 days’ notice of their intention to prepay the Loan at the end of an Interest Period.

Appears in 7 contracts

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

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Notice of Prepayment. If the Borrowers are Borrower is not willing to continue to compensate the Lender for the increased cost under Clause 23.3, the Borrowers Borrower may give the Lender not less than 14 days' notice of their its intention to prepay the Loan at the end of an Interest Period.

Appears in 5 contracts

Samples: Amending and Restating Agreement (Star Bulk Carriers Corp.), Loan Agreement (Star Bulk Carriers Corp.), Loan Agreement (TBS International LTD)

Notice of Prepayment. If the Borrowers are not willing to continue to compensate the Lender for the increased cost under Clause 23.3, the Borrowers may give the Lender not less than 14 days' notice of their intention to prepay the Loan at the end of an Interest Period.

Appears in 5 contracts

Samples: Loan Agreement (TBS International LTD), Loan Agreement (StealthGas Inc.), Loan Agreement (StealthGas Inc.)

Notice of Prepayment. If the Borrowers are Borrower is not willing to continue to compensate the Lender for the increased cost under Clause 23.323.2, the Borrowers Borrower may give the Lender not less than 14 15 days’ notice of their its intention to prepay the Loan at the end of an Interest Period.

Appears in 3 contracts

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

Notice of Prepayment. If the Borrowers are Borrower is not willing to continue to compensate the Lender for the increased cost under Clause 23.323.2, the Borrowers Borrower may give the Lender not less than 14 days' notice of their intention to prepay the Loan at the end of an Interest Period.

Appears in 3 contracts

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

Notice of Prepayment. If the Borrowers are Borrower is not willing to continue to compensate the Notifying Lender for the increased cost under Clause 23.323.2, the Borrowers Borrower may give the Lender not less than 14 15 days’ notice of their its intention to prepay the Loan at the end of an Interest Period.

Appears in 3 contracts

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

Notice of Prepayment. If the Borrowers are not willing to continue to compensate the Lender for the increased cost under Clause 23.3, the Borrowers may give the Lender not less than 14 days' notice of their its intention to prepay the Loan at the end of an Interest Period.

Appears in 2 contracts

Samples: Loan Agreement (EuroDry Ltd.), Loan Agreement (Mc Shipping Inc)

Notice of Prepayment. If the Borrowers are Borrower is not willing to continue to compensate the Lender for the increased cost under Clause 23.3, the Borrowers Borrower may give the Lender not less than 14 daysBusiness Days’ notice of their its intention to prepay the Loan at the end of an Interest Periodinterest period.

Appears in 2 contracts

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

Notice of Prepayment. If the Borrowers are Borrower is not willing to continue to compensate the Lender for the increased cost under Clause 23.3, the Borrowers Borrower may give the Lender not less than 14 15 days' notice of their its intention to prepay the Loan at the end of an Interest Period.

Appears in 2 contracts

Samples: Loan Agreement (Box Ships Inc.), Loan Agreement (Paragon Shipping Inc.)

Notice of Prepayment. If the Borrowers are Borrower is not willing to continue to compensate the Lender for the increased cost under Clause 23.323.2, the Borrowers Borrower may give the Lender not less than 14 days’ notice of their intention to prepay the Loan at the end of an Interest Period.

Appears in 2 contracts

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

Notice of Prepayment. If the Borrowers are Borrower is not willing to continue to compensate the Lender for the increased cost under Clause 23.3, the Borrowers Borrower may give the Lender not less than 14 days’ notice of their its intention to prepay the Loan at the end of an Interest Period.

Appears in 2 contracts

Samples: Loan Agreement (Poseidon Containers Holdings Corp.), Loan Agreement (DryShips Inc.)

Notice of Prepayment. If the Borrowers are Borrower is not willing to continue to compensate the Lender for the increased cost under Clause 23.324.3, the Borrowers Borrower may give the Lender not less than 14 days’ notice of their its intention to prepay the Loan at the end of an Interest Period.

Appears in 2 contracts

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

Notice of Prepayment. If the Borrowers are Borrower is not willing to continue to compensate the Lender for the increased cost under Clause 23.3, the Borrowers Borrower may give the Lender not less than 14 15 days’ notice of their its intention to prepay the Loan at the end of an Interest Period.

Appears in 2 contracts

Samples: Loan Agreement (Box Ships Inc.), Loan Agreement (Box Ships Inc.)

Notice of Prepayment. If the Borrowers are Borrower is not willing to continue to compensate the Lender for the increased cost under Clause 23.324.3, the Borrowers Borrower may give the Lender not less than 14 days’ notice of their its intention to prepay the Loan Facility at the end of an Interest Period.

Appears in 2 contracts

Samples: Loan Agreement (Gala Properties Inc.), Loan Agreement (Diana Shipping Inc.)

Notice of Prepayment. If the Borrowers are Borrower is not willing to continue to compensate the Lender for the increased cost under Clause 23.317.3, the Borrowers Borrower may give the Lender not less than 14 days' notice of their its intention to prepay the Loan at the end of an Interest Period.

Appears in 1 contract

Samples: Loan Agreement (TBS International LTD)

Notice of Prepayment. If the Borrowers are Borrower is not willing to continue to compensate the Lender for the increased cost under Clause 23.324.2, the Borrowers Borrower may give the Lender not less than 14 3 days’ notice of their its intention to prepay the Loan at the end of an Interest Period.

Appears in 1 contract

Samples: Loan Agreement (Tsakos Energy Navigation LTD)

Notice of Prepayment. If the Borrowers Borrower are not willing to continue to compensate the Lender for the increased cost under Clause 23.325.4 (Payment of increased costs), the Borrowers Borrower may give the Lender not less than 14 days’ notice of their intention to prepay the Loan Lender’s Contribution at the end of an Interest Period.

Appears in 1 contract

Samples: Loan Agreement (Toro Corp.)

Notice of Prepayment. If the Borrowers are Borrower is not willing to continue to compensate the a Lender for the increased cost under Clause 23.3this clause 12.2, the Borrowers Borrower may give the that Lender not less than 14 15 days’ notice of their its intention to prepay the Loan at the end of an Interest Period.

Appears in 1 contract

Samples: Loan Agreement (Danaos Corp)

Notice of Prepayment. If the Borrowers are Borrower is not willing to continue to compensate the Lender for the increased cost under Clause 23.322.3, the Borrowers Borrower may give the Lender not less than 14 days’ notice of their intention to prepay the Loan at the end of an Interest Period.

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

Notice of Prepayment. If the Borrowers are Borrower is not willing to continue to compensate the Lender for the increased cost under Clause 23.3, the Borrowers Borrower may give the Lender not less than 14 days5 Business Days’ notice of their its intention to prepay the Loan at the end of an Interest Period.

Appears in 1 contract

Samples: Loan Agreement (Quintana Shipping Ltd.)

Notice of Prepayment. If the Borrowers are Borrower is not willing to continue to compensate the Lender for the increased cost under Clause 23.322.2, the Borrowers it may give the Lender not less than 14 days’ 20 Business Days notice of their its intention to prepay the Loan Loan. If the prepayment is made on a date other than at the end of an Interest Period, the Borrower shall indemnify the Lender in respect of any amount that arises pursuant to Clause 19.

Appears in 1 contract

Samples: Loan Agreement (Pyxis Tankers Inc.)

Notice of Prepayment. If the Borrowers are not willing to continue to compensate the Lender for the increased cost under Clause 23.3, the Borrowers may give the Lender not less than 14 days5 Business Days’ notice of their intention to prepay the Loan at the end of an Interest Period.

Appears in 1 contract

Samples: Loan Agreement (Quintana Shipping Ltd.)

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Notice of Prepayment. If the Borrowers are Borrower is not willing to continue to compensate the Lender for the increased cost under Clause 23.323.2, the Borrowers Borrower may give the Lender not less than 14 days' notice of their its intention to prepay the Loan at the end of an Interest Period.

Appears in 1 contract

Samples: Loan Agreement (Euroseas Ltd.)

Notice of Prepayment. If the Borrowers are Borrower is not willing to continue to compensate the Lender for the increased cost under Clause 23.3, the Borrowers may give the Lender not less than 14 days’ Business Days' notice of their its intention to prepay the Loan at the end of an Interest Periodinterest period.

Appears in 1 contract

Samples: Loan Agreement (Diana Shipping Inc.)

Notice of Prepayment. If the Borrowers are Borrower is not willing to continue to compensate the Notifying Lender for the increased cost under Clause 23.323.2, the Borrowers Borrower may give the Lender not less than 14 15 days' notice of their its intention to prepay the Loan at the end of an Interest Period.

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

Notice of Prepayment. If the Borrowers are Borrower is not willing to continue to compensate the Lender for the increased cost under Clause 23.322.3, the Borrowers Borrower may give the Lender not less than 14 15 days’ notice of their its intention to prepay the Loan at the end of an Interest Period.

Appears in 1 contract

Samples: Loan Agreement (Box Ships Inc.)

Notice of Prepayment. If the Borrowers are Borrower is not willing to continue to compensate the Lender for the increased cost under Clause 23.326.3, the Borrowers Borrower may give the Lender not less than 14 5 days’ notice of their its intention to prepay the Loan at the end of an Interest Period.

Appears in 1 contract

Samples: Loan Agreement (Knightsbridge Tankers LTD)

Notice of Prepayment. If the Borrowers Borrower are not willing to continue to compensate the Lender for the increased cost under Clause 23.325.4 (Payment of increased costs), the Borrowers Borrower may give the Lender not less than 14 days' notice of their intention to prepay the Loan Lender's Contribution at the end of an Interest Period.

Appears in 1 contract

Samples: Loan Agreement (Castor Maritime Inc.)

Notice of Prepayment. If the Borrowers are Borrower is not willing to continue to compensate the Lender for the increased cost under Clause 23.322.1, the Borrowers Borrower may give the Lender not less than 14 days’ notice of their its intention to prepay the Loan a Utilisation at the end of an Interest Period.

Appears in 1 contract

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

Notice of Prepayment. If the Borrowers are Borrower is not willing to continue to compensate the Lender for the increased cost under Clause 23.320.3, the Borrowers Borrower may give the Lender not less than 14 days’ notice of their its intention to prepay the Loan a Utilisation at the end of an Interest Period.

Appears in 1 contract

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

Notice of Prepayment. If the Borrowers are Borrower is not willing to continue to compensate the Lender for the increased cost under Clause 23.324.3, the Borrowers Borrower may give the Lender not less than 14 days' notice of their its intention to prepay the Loan at the end of an Interest Period.

Appears in 1 contract

Samples: Loan Agreement (Arlington Tankers Ltd.)

Notice of Prepayment. If the Borrowers are Borrower is not willing to continue to compensate the Lender for the increased cost under Clause 23.322.3, the Borrowers Borrower may give the Lender not less than 14 days' notice of their intention to prepay the Loan at the end of an Interest Period.

Appears in 1 contract

Samples: Fourth Amending and Restating Agreement (DryShips Inc.)

Notice of Prepayment. If the Borrowers are Borrower is not willing to continue to compensate the Lender for the increased cost under Clause 23.322.3, the Borrowers Borrower may give the Lender not less than 14 days’ 10 Business Days' notice of their its intention to prepay the Loan at the end of an Interest Period.

Appears in 1 contract

Samples: Loan Agreement (Diana Shipping Inc.)

Notice of Prepayment. If the Borrowers are Borrower is not willing to continue to compensate the Lender for the increased cost under Clause 23.323.2, the Borrowers Borrower may give the Lender not less than 14 days’ notice of their its intention to prepay the Loan at the end of an Interest Period.

Appears in 1 contract

Samples: Loan Agreement (Star Bulk Carriers Corp.)

Notice of Prepayment. If the Borrowers are a Borrower is not willing to continue to compensate the Lender for the increased cost under Clause 23.324.2, the Borrowers that Borrower may give the Lender not less than 14 days’ notice of their its intention to prepay the Loan at the end of an Interest Period.

Appears in 1 contract

Samples: Loan Agreement (Pyxis Tankers Inc.)

Notice of Prepayment. If the Borrowers are not willing to continue to compensate the Lender for the increased cost under Clause 23.323.2, the Borrowers may give the Lender not less than 14 days' notice of their intention to prepay the Loan at the end of an Interest Period.

Appears in 1 contract

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

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