Prepayment mechanism. Any prepayment pursuant to Clause 24.2 (Provision of additional security; prepayment) shall be made in accordance with the relevant provisions of Clause 7 (Prepayment and Cancellation) and shall be treated as a voluntary prepayment pursuant to Clause 7.3 (Voluntary prepayment of Loan).
Appears in 5 contracts
Samples: Facility Agreement (Euroseas Ltd.), Term Loan Facility (Navios Maritime Partners L.P.), Term Loan Facility (Global Ship Lease, Inc.)
Prepayment mechanism. Any prepayment pursuant to Clause 24.2 26.2 (Provision of additional security; prepayment) shall be made in accordance with the relevant provisions of Clause 7 (Prepayment and Cancellation) and shall be treated as a voluntary prepayment pursuant to Clause 7.3 (Voluntary prepayment of Loan).
Appears in 3 contracts
Samples: Facility Agreement (Okeanis Eco Tankers Corp.), Facility Agreement (Okeanis Eco Tankers Corp.), Facility Agreement (Navios Maritime Holdings Inc.)
Prepayment mechanism. Any prepayment pursuant to Clause 24.2 25.2 (Provision of additional security; prepayment) shall be made in accordance with the relevant provisions of Clause 7 (Prepayment and Cancellation) and shall be treated as a voluntary prepayment pursuant to Clause 7.3 7.4 (Voluntary prepayment of Loana Tranche).
Appears in 2 contracts
Samples: Term Loan Facility (Seanergy Maritime Holdings Corp.), Facility Agreement (Seanergy Maritime Holdings Corp.)
Prepayment mechanism. Any prepayment pursuant to Clause 24.2 23.2 (Provision of additional security; prepayment) shall be made in accordance with the relevant provisions of Clause 7 (Prepayment and Cancellation) and shall be treated as a voluntary prepayment pursuant to Clause 7.3 (Voluntary prepayment of Loan).
Appears in 2 contracts
Samples: Term Loan Facility (Navios Maritime Partners L.P.), Term Loan Facility (Navios South American Logistics Inc.)
Prepayment mechanism. Any prepayment pursuant to Clause 24.2 25.2 (Provision of additional security; prepayment) shall be made in accordance with the relevant provisions of Clause 7 (Prepayment and Cancellation) and shall be treated as a voluntary prepayment pursuant to Clause 7.3 (Voluntary prepayment of Loan).
Appears in 2 contracts
Samples: Term Loan Facility (Grindrod Shipping Holdings Ltd.), Facility Agreement (Grindrod Shipping Holdings Pte. Ltd.)
Prepayment mechanism. Any prepayment pursuant to Clause 24.2 24.2 (Provision of additional security; prepayment) shall be made in accordance with the relevant provisions of Clause 7 7 (Prepayment and Cancellation) and shall be treated as a voluntary prepayment pursuant to Clause 7.3 7.3 (Voluntary prepayment of Loan).
Appears in 2 contracts
Samples: Facility Agreement (United Maritime Corp), Term Loan Facility (Seanergy Maritime Holdings Corp.)
Prepayment mechanism. Any prepayment pursuant to Clause 24.2 (Provision of additional security; prepayment) shall be made in accordance with the relevant provisions of Clause 7 (Prepayment and Cancellation) and shall be treated as a voluntary prepayment pursuant to Clause 7.3 (Voluntary prepayment of Loan).
Appears in 2 contracts
Samples: Term Loan Facility (Ardmore Shipping Corp), Term Loan Facility (Ardmore Shipping Corp)
Prepayment mechanism. Any prepayment pursuant to Clause 24.2 25.2 (Provision of additional security; prepayment) shall be made in accordance with the relevant provisions of Clause 7 (Prepayment and Cancellation) and shall be treated as a voluntary prepayment pursuant to Clause 7.3 (Voluntary prepayment of Loan)) without the application of any prepayment fee.
Appears in 1 contract
Prepayment mechanism. Any prepayment pursuant to Clause 24.2 27.2 (Provision of additional security; prepayment) shall be made in accordance with the relevant provisions of Clause 7 (Prepayment and Cancellation) and shall be treated as a voluntary prepayment pursuant to Clause 7.3 (Voluntary prepayment of Loan).
Appears in 1 contract
Prepayment mechanism. Any prepayment pursuant to Clause 24.2 25.2 (Provision of additional security; prepayment) shall be made in accordance with the relevant provisions of Clause 7 (Prepayment and Cancellation) and shall be treated as a voluntary prepayment pursuant to Clause 7.3 7.4 (Voluntary prepayment of Loan)) but ignoring any restriction as to prepayments being made on the last day of the Interest Period.
Appears in 1 contract
Samples: Term Loan Facility Agreement (Castor Maritime Inc.)
Prepayment mechanism. Any prepayment pursuant to Clause 24.2 25.2 (Provision of additional security; prepayment) shall be made in accordance with the relevant provisions of Clause 7 (Prepayment and Cancellation) and shall be treated as a voluntary prepayment pursuant to Clause 7.3 7.2 (Voluntary prepayment of Loan), disregarding the requirement for a minimum prepayment amount of $500,000 or payment of a prepayment fee, which for the avoidance of doubt shall not be applicable, pursuant to Clause 11.4(c) (Prepayment fee).
Appears in 1 contract
Prepayment mechanism. Any prepayment pursuant to Clause 24.2 (Provision of additional security; prepayment) shall be made in accordance with the relevant provisions of Clause 7 (Prepayment and Cancellation) and shall be treated as a voluntary prepayment pursuant to Clause 7.3 7.4 (Voluntary prepayment of Loan).
Appears in 1 contract
Prepayment mechanism. Any prepayment pursuant to Clause 24.2 25.2 (Provision of additional security; prepayment) shall be made in accordance with the relevant provisions of Clause 7 (Prepayment Repayment and Cancellation) and shall be are treated as a voluntary prepayment pursuant to Clause 7.3 7.4 (Voluntary prepayment of Loan) for the avoidance of doubt no fee shall be payable in connection with such prepayment in accordance with Clause 11.3 (Prepayment or cancelation fee).
Appears in 1 contract
Prepayment mechanism. Any prepayment pursuant to Clause 24.2 23.2 (Provision of additional security; prepayment) shall be made in accordance with the relevant provisions of Clause 7 (Prepayment and Cancellation) and shall be treated as a voluntary prepayment pursuant to Clause 7.3 (Voluntary prepayment of Loan) but without any penalty or any prepayment fee payable pursuant to Clause 10.3 (Prepayment Fee).
Appears in 1 contract
