Notification and effect of illegality. On the Lender notifying the Borrower under Clause 12.1, thereupon or, if later, on the date specified in the Lender’s notice under Clause 12.1 as the date on which the notified event would become effective the Borrower shall prepay the Loan in full.
Appears in 4 contracts
Samples: Purchase, Sale and Contribution Agreement, Purchase, Sale and Contribution Agreement (Golar LNG Partners LP), Loan Agreement
Notification and effect of illegality. On the Lender notifying the Borrower under Clause 12.122.1, the Lender’s obligation to make the Loan available to the Borrower shall terminate; and thereupon or, if later, on the date specified in the Lender’s notice under Clause 12.1 22.1 as the date on which the notified event would become effective the Borrower shall prepay the Loan in fullfull in accordance with Clause 7.
Appears in 2 contracts
Samples: Loan Agreement (NewLead Holdings Ltd.), Loan Agreement (NewLead Holdings Ltd.)
Notification and effect of illegality. On the Lender notifying the Borrower under Clause 12.1, thereupon or, if later, on the date specified in the Lender’s 's notice under Clause 12.1 as the date on which the notified event would become effective the Borrower shall prepay the Loan in full.
Appears in 1 contract
Samples: Loan Agreement (Golar LNG LTD)
