Prepayment; termination of Commitment. A notice under Clause 24.5 shall be irrevocable; the Agent shall promptly notify the Notifying Lender of the Borrower’s notice of intended prepayment; and:
Appears in 2 contracts
Samples: Loan Agreement (Britannia Bulk Holdings Inc), Loan Agreement (Britannia Bulk PLC)
Prepayment; termination of Commitment. A notice under Clause 24.5 shall be irrevocable; the Agent shall promptly notify the Notifying Lender of the Borrower’s 's notice of intended prepayment; and:
(a) on the date on which the Agent serves that notice, the Commitment of the Notifying Lender shall be cancelled; and
(b) on the date specified in its notice of intended prepayment, the Borrower shall prepay the Notifying Lender's Contribution in accordance with Clause 8.
Appears in 2 contracts
Samples: Amending and Restating Agreement, Amending and Restating Agreement (Golar LNG Partners LP)
Prepayment; termination of Commitment. A notice under Clause 24.5 25.5 shall be irrevocable; the Agent shall promptly notify the Notifying Lender of the Borrower’s notice of intended prepayment; and:
(a) on the date on which the Agent serves that notice, the Commitment of the Notifying Lender shall be cancelled; and
(b) on the date specified in its notice of intended prepayment, the Borrower shall prepay (without premium or penalty but subject to any amounts payable under Clause 8.9) the Notifying Lender’s Contribution.
Appears in 2 contracts
Samples: Loan Agreement (Dorian LPG Ltd.), Loan Agreement (Dorian LPG Ltd.)
Prepayment; termination of Commitment. A notice under Clause 24.5 shall be irrevocable; the Agent shall promptly notify the Notifying Lender of the Borrower’s Borrowers' notice of intended prepayment; and:
Appears in 2 contracts
Samples: Loan Agreement (Scorpio Bulkers Inc.), Amending and Restating Agreement (Box Ships Inc.)
Prepayment; termination of Commitment. A notice under Clause 24.5 24.4 shall be irrevocable; the Agent shall promptly notify the Notifying Lender of the Borrower’s notice of intended prepayment; and:
Appears in 2 contracts
Samples: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.)
Prepayment; termination of Commitment. A notice under Clause 24.5 shall be irrevocable; the Agent shall promptly notify the Notifying Lender of the Borrower’s Borrowers’ notice of intended prepayment; and:
Appears in 2 contracts
Samples: Loan Agreement (Navios Maritime Containers Inc.), Facility Agreement (NewLead Holdings Ltd.)
Prepayment; termination of Commitment. A notice under Clause 24.5 24.4 shall be irrevocable; the Agent shall promptly notify the Notifying Lender of the Borrower’s Borrowers' notice of intended prepayment; and:
Appears in 1 contract
Prepayment; termination of Commitment. A notice under Clause 24.5 Section 25.5 shall be irrevocable; the Administrative Agent shall promptly notify the Notifying Lender of the Borrower’s notice of intended prepayment; and:
Appears in 1 contract
Samples: Senior Secured Credit Facility Agreement (Pacific Drilling S.A.)
Prepayment; termination of Commitment. A notice under Clause 24.5 25.5 shall be irrevocable; the Agent shall promptly notify the Notifying Lender of the Borrower’s Borrowers’ notice of intended prepayment; and:
Appears in 1 contract
Prepayment; termination of Commitment. A notice under Clause 24.5 29.5 shall be irrevocable; the Agent shall promptly notify the Notifying Lender of the Borrower’s Borrowers’ notice of intended prepayment; and:
Appears in 1 contract
Prepayment; termination of Commitment. A notice under Clause 24.5 25.5 shall be irrevocable; the Agent shall promptly notify the Notifying Lender of the Borrower’s notice of intended prepayment; and:
Appears in 1 contract
Prepayment; termination of Commitment. A notice under Clause 24.5 shall be irrevocable; the Agent shall promptly notify the Notifying Lender of the Borrower’s Borrowers’ notice of intended prepaymentprepayment and/or intended cancellation; and:
Appears in 1 contract
Samples: Amending and Restating Agreement (TBS International PLC)
Prepayment; termination of Commitment. A notice under Clause 24.5 25.5 shall be irrevocable; the Agent shall promptly notify the Notifying Lender of the Borrower’s Borrowers' notice of intended prepayment; and:
Appears in 1 contract
Prepayment; termination of Commitment. A notice under Clause 24.5 22.7 shall be irrevocable; the Agent shall promptly notify the Notifying Relevant Lender of the Borrower’s Borrowers' notice of intended prepayment; and:
Appears in 1 contract
Prepayment; termination of Commitment. A notice under Clause 24.5 shall be irrevocable; the Agent shall promptly notify the Notifying Lender of the Borrower’s 's notice of intended prepayment; and:
Appears in 1 contract
Prepayment; termination of Commitment. A notice of prepayment under Clause 24.5 shall be irrevocable; the Agent shall promptly notify the Notifying Lender of the Borrower’s notice of intended prepayment; and:
Appears in 1 contract
