Common use of Prepayment; termination of Commitments Clause in Contracts

Prepayment; termination of Commitments. A notice under Clause 5.13 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ notice of intended prepayment; and:

Appears in 32 contracts

Samples: Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Acquisition CORP), Loan Agreement

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Prepayment; termination of Commitments. A notice under Clause 5.13 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers' notice of intended prepayment; and:

Appears in 20 contracts

Samples: Agreement (Diana Shipping Inc.), Agreement (Scorpio Bulkers Inc.), Loan Agreement

Prepayment; termination of Commitments. A notice under Clause 5.13 5.11 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower’s notice of intended prepayment; and:

Appears in 17 contracts

Samples: Loan Agreement (GasLog Ltd.), Loan Agreement (GasLog Ltd.), Loan Agreement (Paragon Shipping Inc.)

Prepayment; termination of Commitments. A notice under Clause 5.13 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower’s notice of intended prepayment; and:

Appears in 16 contracts

Samples: Agreement (Navios Maritime Acquisition CORP), Loan Agreement (Navios Maritime Acquisition CORP), Agreement (Navios Maritime Holdings Inc.)

Prepayment; termination of Commitments. A notice under Clause 5.13 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower's notice of intended prepayment; and:

Appears in 8 contracts

Samples: Loan Agreement (EuroDry Ltd.), Loan Agreement (EuroDry Ltd.), Loan Agreement (Diana Shipping Inc.)

Prepayment; termination of Commitments. A notice under Clause 5.13 5.12 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower’s notice of intended prepayment; and:

Appears in 8 contracts

Samples: Loan Agreement (Euronav NV), Loan Agreement (GasLog Partners LP), Loan Agreement

Prepayment; termination of Commitments. A notice under Clause 5.13 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ notice of intended prepayment; prepayment and:

Appears in 8 contracts

Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.)

Prepayment; termination of Commitments. A notice under Clause 5.13 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower’s notice of intended prepayment; prepayment and:

Appears in 4 contracts

Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Scorpio Tankers Inc.)

Prepayment; termination of Commitments. A notice under Clause 5.13 5.11 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower's notice of intended prepayment; and:

Appears in 4 contracts

Samples: Loan Agreement (EuroDry Ltd.), Agreement (Star Bulk Carriers Corp.), Loan Agreement (Star Bulk Carriers Corp.)

Prepayment; termination of Commitments. A notice under Clause 5.13 6.11 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower’s notice of intended prepayment; and:

Appears in 4 contracts

Samples: Amendment and Restatement Agreement (Norwegian Cruise Line Holdings Ltd.), Amendment and Restatement Agreement (Norwegian Cruise Line Holdings Ltd.), Loan Agreement (Prestige Cruises International, Inc.)

Prepayment; termination of Commitments. A notice under Clause 5.13 5.5 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower’s notice of intended prepayment; prepayment and:

Appears in 3 contracts

Samples: Credit Agreement (Scorpio Bulkers Inc.), Credit Agreement (Scorpio Bulkers Inc.), Loan Agreement (Scorpio Tankers Inc.)

Prepayment; termination of Commitments. A notice under Clause 5.13 5.12 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ notice of intended prepayment; and:and on the last Business Day of the interest period set by the Agent, the Borrowers shall prepay (without premium or penalty) the relevant Advance or, as the case may be, part of such Advance, together with accrued interest thereon at the applicable rate plus the Margin.

Appears in 2 contracts

Samples: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Partners L.P.)

Prepayment; termination of Commitments. A notice under Clause 5.13 5.8 (Notice of prepayment) shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower’s notice of intended prepayment; and:

Appears in 2 contracts

Samples: Loan Agreement (EuroDry Ltd.), Loan Agreement (Navios Maritime Partners L.P.)

Prepayment; termination of Commitments. A notice under Clause 5.13 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ notice of intended prepayment; and:

Appears in 2 contracts

Samples: Loan Agreement (Global Ship Lease, Inc.), Loan Agreement (Euronav NV)

Prepayment; termination of Commitments. A notice under Clause 5.13 6.13 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower’s notice of intended prepayment; and:

Appears in 2 contracts

Samples: Loan Agreement (Danaos Corp), Loan Agreement (Danaos Corp)

Prepayment; termination of Commitments. A notice under Clause 5.13 5.7 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower’s notice of intended prepayment; prepayment and:

Appears in 2 contracts

Samples: Loan Agreement (Dorian LPG Ltd.), Loan Agreement (Dorian LPG Ltd.)

Prepayment; termination of Commitments. A notice under Clause 5.13 4.10 shall be irrevocable; the . The Facility Agent shall promptly notify the Lenders or (as the case may requirebe) the Affected Lender of the Borrowers’ notice of intended prepayment; prepayment and:

Appears in 2 contracts

Samples: Loan Agreement (TBS International LTD), Loan Agreement (TBS International LTD)

Prepayment; termination of Commitments. A notice under Clause 5.13 5.11 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ notice of intended prepayment; and:

Appears in 2 contracts

Samples: Loan Agreement (Euroseas Ltd.), Loan Agreement (Pyxis Tankers Inc.)

Prepayment; termination of Commitments. A notice under Clause 5.13 shall be irrevocable; the Facility Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the BorrowersBorrower’ notice of intended prepayment; and:

Appears in 2 contracts

Samples: Loan Agreement (Capital Product Partners L.P.), Loan Agreement

Prepayment; termination of Commitments. A notice under Clause 5.13 shall be irrevocableirrevocable if served 3 Business Days before payment; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower’s notice of intended prepayment; and:

Appears in 2 contracts

Samples: Loan Agreement (Danaos Corp), Loan Agreement (Danaos Corp)

Prepayment; termination of Commitments. A notice under Clause 5.13 5.11 shall be irrevocable; the Agent shall promptly notify the Lenders Lenders, the Swap Banks or (as the case may require) the Affected Lender of the Borrowers’ Borrower’s notice of intended prepayment; and:

Appears in 2 contracts

Samples: Loan Agreement (Seacastle Inc.), Loan Agreement (Seacastle Inc.)

Prepayment; termination of Commitments. A notice under Clause 5.13 5.11 shall be irrevocable; the Facility Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the BorrowersBorrower’ notice of intended prepayment; and:

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement (Capital Product Partners L.P.)

Prepayment; termination of Commitments. A notice under Clause 5.13 5.11 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the BorrowersBorrower’ notice of intended prepayment; and:

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement (Capital Product Partners L.P.)

Prepayment; termination of Commitments. A notice under Clause 5.13 5.10 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower’s notice of intended prepayment; prepayment and:

Appears in 2 contracts

Samples: Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Tankers Inc.)

Prepayment; termination of Commitments. A notice under Clause 5.13 (Notice of prepayment) above shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower’s notice of intended prepayment; and:

Appears in 2 contracts

Samples: Agreement (Navios Maritime Partners L.P.), Agreement (Navios Maritime Partners L.P.)

Prepayment; termination of Commitments. A notice under Clause 5.13 (Notice of prepayment) shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ notice of intended prepayment; and:

Appears in 1 contract

Samples: Loan Agreement (Castor Maritime Inc.)

Prepayment; termination of Commitments. A notice under Clause 5.13 5.10 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers' notice of intended prepayment; prepayment and:

Appears in 1 contract

Samples: Loan Agreement (Scorpio Bulkers Inc.)

Prepayment; termination of Commitments. A notice under Clause 5.13 6.11 (Notice of prepayment) shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender and, if the Fixed Interest Rate has been selected by the Borrower, SIMEST of the Borrowers’ Borrower’s notice of intended prepayment; and:

Appears in 1 contract

Samples: Loan Agreement (Prestige Cruises International, Inc.)

Prepayment; termination of Commitments. A notice under Clause 5.13 CIause 5.12 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower's notice of intended prepayment; and:

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

Prepayment; termination of Commitments. A notice under Clause 5.13 5.9 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower's notice of intended prepayment; prepayment of any Lender's Contribution and:

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

Prepayment; termination of Commitments. A notice under Clause 5.13 5.10 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ notice of intended prepayment; prepayment and:

Appears in 1 contract

Samples: Loan Agreement (Scorpio Tankers Inc.)

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Prepayment; termination of Commitments. A notice under Clause 5.13 5.12 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers' notice of intended prepayment; and:

Appears in 1 contract

Samples: Dynagas LNG Partners LP

Prepayment; termination of Commitments. A notice under Clause 5.13 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers' notice of intended prepayment; and:

Appears in 1 contract

Samples: Loan Agreement (Castor Maritime Inc.)

Prepayment; termination of Commitments. A notice under Clause 5.13 6.13 shall be irrevocable; the Paying Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower’s notice of intended prepayment; and:

Appears in 1 contract

Samples: Loan Agreement (Tsakos Energy Navigation LTD)

Prepayment; termination of Commitments. A notice under Clause 5.13 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower’s notice of intended prepaymentprepayment (without premium or penalty); and:

Appears in 1 contract

Samples: Loan Agreement (Grindrod Shipping Holdings Pte. Ltd.)

Prepayment; termination of Commitments. A notice under Clause 5.13 5.12 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower’s notice of intended prepayment; and:

Appears in 1 contract

Samples: Agreement (Euronav NV)

Prepayment; termination of Commitments. A notice under Clause 5.13 6.11 (Notice of prepayment) shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender and, if the Fixed Interest Rate has been selected by the Borrower, SIMEST of the Borrowers’ Borrower's notice of intended prepayment; and:

Appears in 1 contract

Samples: Loan Agreement (Seven Seas Cruises S. DE R.L.)

Prepayment; termination of Commitments. A notice under Clause 5.13 5.12 shall be irrevocable; the Facility Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ notice of intended prepayment; and:

Appears in 1 contract

Samples: Loan Agreement (Capital Product Partners L.P.)

Prepayment; termination of Commitments. A notice under Clause 5.13 (Notice of prepayment) shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower’s notice of intended prepayment; and:

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Acquisition Corp)

Prepayment; termination of Commitments. A notice under Clause 5.13 5.11 (Notice of prepayment) shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower's notice of intended prepayment; prepayment of any Lender's Contribution and:

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

Prepayment; termination of Commitments. A notice under Clause Section 5.13 shall be irrevocable; the Administrative Agent shall promptly notify the Lenders or (as the case may require) the Affected affected Lender of the Borrowers’ Borrower’s notice of intended prepayment; and:

Appears in 1 contract

Samples: Management Agreement (Pacific Drilling S.A.)

Prepayment; termination of Commitments. A notice under Clause 5.13 5.12 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ notice of intended prepayment; and:

Appears in 1 contract

Samples: Agreement (Navios Maritime Holdings Inc.)

Prepayment; termination of Commitments. A notice under Clause 5.13 5.8 (Notice of prepayment) shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Notifying Lender of the Borrowers’ notice of intended prepayment; and:

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Partners L.P.)

Prepayment; termination of Commitments. A notice under Clause 5.13 5.5 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ notice of intended prepayment; prepayment and:

Appears in 1 contract

Samples: Loan Agreement (Scorpio Tankers Inc.)

Prepayment; termination of Commitments. A notice under Clause 5.13 5.11 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ notice of intended prepayment; prepayment and:

Appears in 1 contract

Samples: Loan Agreement (Scorpio Tankers Inc.)

Prepayment; termination of Commitments. A notice under Clause 5.13 3.9 (Notice of prepayment) shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Notifying Lender of the Borrowers’ notice of intended prepayment; and:

Appears in 1 contract

Samples: Navios Maritime Partners L.P.

Prepayment; termination of Commitments. A notice under Clause 5.13 5.11 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower’s notice of intended prepayment; and:prepayment and on the last Business Day of the Interest Period set by the Agent, the Borrower shall prepay (without premium or penalty but subject to any applicable prepayment fee under Clause 8.10(c)) the Loan together with accrued interest thereon at the applicable rate plus the Margin.

Appears in 1 contract

Samples: Second Lien Loan Agreement (Eagle Bulk Shipping Inc.)

Prepayment; termination of Commitments. A notice under Clause 5.13 5.12 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower's notice of intended prepayment; and:

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

Prepayment; termination of Commitments. A notice under Clause 5.13 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower's notice of intended prepayment; prepayment and:

Appears in 1 contract

Samples: Loan Agreement (Scorpio Tankers Inc.)

Prepayment; termination of Commitments. A notice under Clause 5.13 5.11 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower’s notice of intended prepayment; prepayment and:

Appears in 1 contract

Samples: Loan Agreement (Eagle Bulk Shipping Inc.)

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