Prepayment and Cancellation. 8.1 Mandatory prepayment—illegality (a) A Lender must notify the Company promptly if it becomes aware that it is unlawful under any applicable law in any relevant jurisdiction for that Lender to perform any of its obligations under a Finance Document or to fund or maintain its share in any Loan. (b) After notification under paragraph (a) above: (i) the Company must repay or prepay the share of that Lender in each Loan made to it on the date specified in paragraph (c) below; and (ii) the Commitment of that Lender will be immediately cancelled. (c) The date for repayment or prepayment of a Lender's share in a Loan will be: (i) the last day of the current Term of that Loan; or (ii) if earlier, the date specified by the Lender in the notification under paragraph (a) above and which must not be earlier than the last day of any applicable grace period allowed by law.
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Prepayment and Cancellation. 8.1 9.1 Mandatory prepayment—illegality
(a) A Lender must notify the Company promptly if it becomes aware that it is unlawful under any applicable law in any relevant jurisdiction for that Lender to perform any of its obligations under a Finance Document or to fund or maintain its share in any Loan.
(b) After notification under paragraph (a) above:
(i) the Company must repay or prepay the share of that Lender in each Loan made to it on the date specified in paragraph (c) below; and
(ii) the Commitment of that Lender will be immediately cancelled.
(c) The date for repayment or prepayment of a Lender's share in a Loan will be:
(i) the last day of the current Term of that Loan; or
(ii) if earlier, the date specified by the Lender in the notification under paragraph (a) above and which must not be earlier than the last day of any applicable grace period allowed by law.
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Samples: Credit Facility (Tele2 Ab)
Prepayment and Cancellation. 8.1 9.1 Mandatory prepayment—prepayment - illegality
(a) A Lender must notify the Company promptly if it becomes aware that it is unlawful under any applicable law in any relevant jurisdiction for that Lender to perform any of its obligations under a Finance Document or to fund or maintain its share in any LoanCredit.
(b) After notification under paragraph (a) above:
(i) the Company each Borrower must repay or prepay the share of that Lender in each Loan made to Credit utilised by it on the date specified in paragraph (c) below; and
(ii) the Commitment of that Lender will be immediately cancelled.
(c) The date for repayment or prepayment of a Lender's share in a Loan Credit will be:
(i) the last day of the current Term of that Loan; or
(ii) if earlier, the date specified by the Lender in the notification under paragraph (a) above and which must not be earlier than the last day of any applicable grace period allowed by law.
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Prepayment and Cancellation. 8.1 10.1 Mandatory prepayment—prepayment - illegality
(a) A Lender must notify the Company promptly if it becomes aware that it is unlawful under any applicable law in any relevant jurisdiction for that Lender to perform any of its obligations under a Finance Document or to fund or maintain its share in any LoanCredit.
(b) After notification under paragraph (a) above:
(i) the Company each Borrower must repay or prepay the share of that Lender in each Loan made to Credit utilised by it on the date specified in paragraph (c) below; and
(ii) the Commitment of that Lender will be immediately cancelled.
(c) The date for repayment or prepayment of a Lender's ’s share in a Loan Credit will be:
(i) the last day of the current Term of that LoanCredit; or
(ii) if earlier, the date specified by the Lender in the notification under paragraph (a) above and which must not be earlier than the last day of any applicable grace period allowed by law.
Appears in 1 contract
Prepayment and Cancellation. 8.1 9.1 Mandatory prepayment—prepayment - illegality
(a) A Lender must notify the Company promptly if it becomes aware that it is unlawful under any applicable law in any relevant jurisdiction for that Lender to perform any of its obligations under a Finance Document or to fund or maintain its share in any Loan.
(b) After notification under paragraph (a) above:
(i) the Company must repay or prepay the share of that Lender in each Loan made to it on the date specified in paragraph (c) below; and
(ii) the Commitment of that Lender will be immediately cancelled.
(c) The date for repayment or prepayment of a Lender's ’s share in a Loan will be:
(i) the last day of the current Term of that Loan; or
(ii) if earlier, the date specified by the Lender in the notification under paragraph (a) above and which must not be earlier than the last day of any applicable grace period allowed by law.
Appears in 1 contract
Samples: Credit Facility (Tele2 Ab)
Prepayment and Cancellation. 8.1 Mandatory prepayment—prepayment – illegality
(a) A Lender must notify the Company Borrower promptly if it becomes aware that it is unlawful under any applicable law in any relevant jurisdiction for that Lender to perform any of its obligations under a Finance Document or to fund or maintain its share in any Loan.
(b) After notification under paragraph (a) above:
(i) the Company Borrower must repay or prepay the share of that Lender in each Loan made to it on the date specified in paragraph (c) below; and
(ii) the Commitment of that Lender will be immediately cancelled.
(c) The date for repayment or prepayment of a Lender's ’s share in a Loan will be:
(i) the last day of the current Term of Interest Period for that Loan; or
(ii) if earlier, the date specified by the Lender in the notification under paragraph (a) above and above, which must not be earlier than the last day of any applicable grace period allowed by law.
8.2 Mandatory prepayment – change of control
(a) For the purposes of this Clause:
Appears in 1 contract
Samples: Credit Facility Agreement
