Option to Prepay. If any additional amounts are required to be paid by the Borrower to the Bank by virtue of Clause 12.3, the Borrower shall be entitled, on giving the Bank not less than fourteen (14) days prior notice in writing, to prepay the Loan and accrued interest thereon, together with all other Outstanding Indebtedness, on the next Repayment Date. Any such notice, once given, shall be irrevocable.
Appears in 6 contracts
Samples: Loan Agreement (Top Ships Inc.), Loan Agreement (NewLead Holdings Ltd.), Credit Agreement (Paragon Shipping Inc.)
Option to Prepay. If any additional amounts are required to be paid by the Borrower Borrowers to the Bank by virtue of Clause 12.3, the Borrower Borrowers shall be entitled, on giving the Bank not less than fourteen (14) days prior notice in writing, to prepay the Loan and accrued interest thereon, together with all other Outstanding Indebtedness, on the next Repayment Date. Any such notice, once given, shall be irrevocable.
Appears in 3 contracts
Samples: Loan Agreement (Poseidon Containers Holdings Corp.), Loan Agreement (Costamare Inc.), Loan Agreement (FreeSeas Inc.)
Option to Prepay. If any additional amounts are required to be paid by the Borrower to the Bank by virtue of Clause 12.3, the Borrower shall be entitled, on giving the Bank not less than fourteen three (143) days prior notice in writing, to prepay the Loan and accrued interest thereon, together with all other Outstanding Indebtedness, Indebtedness on the next Repayment Datetenth (10th) Banking Day from the date of receipt of such notice by the Bank. Any such notice, once given, shall be irrevocable.
Appears in 2 contracts
Samples: Loan Agreement (NewLead Holdings Ltd.), Loan Agreement (NewLead Holdings Ltd.)
Option to Prepay. If any additional amounts are required to be paid by the Borrower to the Bank Lender by virtue of Clause 12.3, the Borrower shall be entitled, on giving the Bank Lender not less than fourteen (14) days prior notice in writing, to prepay (without premium or penalty) the Loan and accrued interest thereon, together with all other Outstanding Indebtedness, on the next Repayment Date. Any such notice, once given, shall be irrevocable.
Appears in 2 contracts
Samples: Loan Agreement (Seanergy Maritime Holdings Corp.), Loan Agreement (Seanergy Maritime Holdings Corp.)
Option to Prepay. If any additional amounts are required to be paid by the Borrower to the Bank by virtue of Clause 12.312.02, the Borrower shall be entitled, on giving the Bank not less than fourteen (14) days prior notice in writing, to prepay the Loan and accrued interest thereon, together with all other Outstanding Indebtedness, on the next Repayment Date. Any such notice, once given, shall be irrevocable.
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Option to Prepay. If any additional amounts are required to be paid by the Borrower Borrowers to the Bank by virtue of Clause 12.312.2, the Borrower Borrowers shall be entitled, on giving the Bank not less than fourteen (14) days prior notice in writing, to prepay the Loan and accrued interest thereon, together with all other Outstanding Indebtedness, on the next Repayment Date. Any such notice, once given, giver shall be irrevocable.
Appears in 1 contract
Samples: Loan Agreement (Euroseas Ltd.)
Option to Prepay. If any additional amounts are required to be paid by the Borrower Borrowers to the Bank by virtue of Clause 12.3, the Borrower Borrowers shall be entitled, on giving the Bank not less than fourteen five (145) days prior notice in writing, to prepay the Loan and accrued interest thereon, together with all other Outstanding Indebtedness, Indebtedness on the next Repayment Datefifth (5th) day from the date of receipt of such notice by the Bank. Any such notice, once given, shall be irrevocable.
Appears in 1 contract
Option to Prepay. If any additional amounts are required to be paid by the Borrower to the Bank by virtue of Clause 12.3, the Borrower shall be entitled, on giving the Bank not less than fourteen five (145) days prior notice in writing, to prepay the Loan and accrued interest thereon, together with all other Outstanding Indebtedness, Indebtedness on the next Repayment Datefifth (5th) day from the date of receipt of such notice by the Bank. Any such notice, once given, shall be irrevocable.
Appears in 1 contract