Common use of Prepayment; termination of Commitments Clause in Contracts

Prepayment; termination of Commitments. A notice under Clause 4.9 shall be irrevocable if served 3 business days before prepayment; on the last Business Day of the interest period set by the Lender, the Borrower shall prepay (without premium or penalty) the Loan, together with accrued interest thereon at the applicable rate plus the Margin.

Appears in 2 contracts

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

AutoNDA by SimpleDocs

Prepayment; termination of Commitments. A notice under Clause 4.9 shall be irrevocable if served 3 business days before prepaymentirrevocable; on the last Business Day of the interest period set by the Lender, the Borrower shall prepay (without premium or penalty) the Loan, together with accrued interest thereon at the applicable rate plus the relevant Margin.

Appears in 1 contract

Samples: Loan Agreement (StealthGas Inc.)

Prepayment; termination of Commitments. A notice under Clause 4.9 4.10 shall be irrevocable if served 3 business days before prepayment; and on the last Business Day of the interest period set by the Lender, the Borrower Borrowers shall prepay (without premium or penalty) the Loan, Loan together with accrued interest thereon at the applicable rate plus the Marginapplicable Margin and the Mandatory Costs (if any).

Appears in 1 contract

Samples: Loan Agreement (Omega Navigation Enterprises, Inc.)

AutoNDA by SimpleDocs

Prepayment; termination of Commitments. A notice under Clause 4.9 shall be irrevocable if served 3 business days before prepayment; on the last Business Day of the interest period set by the Lender, the Borrower shall prepay (without premium or penalty) the Loan, together with accrued interest thereon at the applicable rate plus the MarginMargin and the Mandatory Cost (if any).

Appears in 1 contract

Samples: Loan Agreement (Danaos Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!