Common use of Notification and effect of illegality Clause in Contracts

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: Fsru Lease Agreement, Purchase, Sale and Contribution Agreement (Golar LNG Partners LP), Loan Agreement

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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: Agreement (Golar LNG LTD)

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