Notification and effect of illegality. On the Lender notifying the Borrower under Clause 22.1, the Lender's obligation to make any further Advance available to the Borrower shall terminate; and thereupon or, if later, on the date specified in the Lender's notice under
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Samples: Loan Agreement (Omega Navigation Enterprises, Inc.)
Notification and effect of illegality. On the Lender notifying the Borrower under Clause 22.119.1, the Lender's ’s obligation to make any further Advance available to the Borrower Utilisations shall terminate; and thereupon or, if later, on the date specified in the Lender's ’s notice underunder Clause 19.1 as the date on which the notified event would become effective the Borrower shall prepay the Loan in full in accordance with Clause 11.
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Samples: Loan Agreement (Aegean Marine Petroleum Network Inc.)
Notification and effect of illegality. On the Lender notifying the Borrower under Clause 22.121.1, the Lender's ’s obligation to make any further Advance available to the Borrower Utilisations shall terminate; and thereupon or, if later, on the date specified in the Lender's ’s notice underunder Clause 21.1 as the date on which the notified event would become effective the Borrower shall prepay the Loan in full in accordance with Clause 13.
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Notification and effect of illegality. On the Lender notifying the Borrower under Clause 22.123.1, the Lender's obligation to make any further Advance available to the Borrower Advances shall terminate; and thereupon or, if later, on the date specified in the Lender's notice underunder Clause 23.1 as the date on which the notified event would become effective the Borrower shall prepay the Loan in full in accordance with Clause 7.
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Samples: Agreement (Arlington Tankers Ltd.)
Notification and effect of illegality. On the Lender notifying the Borrower under Clause 22.1, the Lender's ’s obligation to make any further Advance available to the Borrower Advances shall terminate; and thereupon or, if later, on the date specified in the Lender's ’s notice underunder Clause 22.1 as the date on which the notified event would become effective the Borrower shall prepay the Loan in full in accordance with Clause 7.
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