Prepayments during Interest Periods. Where any amount required to be prepaid under Clauses 8.3 (Mandatory Prepayments from Receipts) or 8.4 (Excess Cash Flow) is received by the Facility Agent during an Interest Period, Bidco may by notice to the Facility Agent to be received not less than 5 Business Days (or such shorter period as the Majority Lenders may agree) prior to payment of the relevant amount to the Facility Agent, request such amount to be placed in a Cash Collateral Account in which event such amount shall be paid to the credit of a Cash Collateral Account and shall be applied by the Facility Agent against the relevant Advance or Advances at the expiry of the relevant Interest Period. The interest earned on such account will be applied by the Facility Agent towards the interest due by the relevant Borrower in respect of the relevant Advance at the time the amount is applied in repayment of the relevant Advance.
Prepayments during Interest Periods. Subject to the other provisions of this agreement, any amount required to be applied in prepayment of the Facility under clauses 10.4 (Asset disposals), 10.5 (Insurance claims), 10.6 (Excess Cashflow) or 10.7 (Report claims) during an Interest Period for the Advance will be paid by the Borrower into a Cash Collateral Account and applied (together with any relevant accrued interest) against the Advance on the expiry of that Interest Period.
Prepayments during Interest Periods. 7.4.1 Prepayments pursuant to Clauses 7.1, 7.2 and 7.3 applied to the obligations of the Borrower hereunder shall be subject to payment of any breakage costs incurred by any Finance Party, calculated in accordance with Clause 27.1 (General Indemnity and Breakage Costs). If requested by the Borrower, the Agent shall deposit the proceeds of prepayment in an interest-bearing account established on terms (including terms as to security) in all respects satisfactory to the Agent until the end of the Interest Period then current and apply such funds (together with any interest accrued thereon) toward the required prepayment on the last day of such Interest Period.
Prepayments during Interest Periods. Subject to the other provisions of this agreement, if an amount is required to be applied in prepayment of the Facilities pursuant to clause 12.3 (Asset Disposals), 12.4 (Warranty Claims), 12.5 (Insurance Claims), 12.6 (Report Claims) or 12.7 (Excess Cashflow) otherwise than on the last day of an Interest Period in relation to an Advance, the relevant Borrower shall be entitled to pay such amount into a Cash Collateral Account pending its application (together with any relevant accrued interest) against that Advance on the expiry of that Interest Period.
Prepayments during Interest Periods. (a) Where any amount required to be prepaid under Clause 8.7 (Surplus Cash Flow) is received by the Agent during an Interest Period relating to any Loan to be prepaid, the Agent will (subject to paragraph (c) below) retain such amount until the end of such Interest Period and will apply the same against the relevant Loan or Loans on the last day of the relevant Interest Period.
Prepayments during Interest Periods. Where any amount required to be prepaid under Clauses 8.3 (Mandatory Prepayments from Receipts) or 8.4 (Excess Cash Flow) is received by the Facility Agent during an Interest Period, the Parent may by notice to the Facility Agent to be received not less than 5 Business Days prior to payment of the relevant amount to the Facility Agent, request such amount to be placed in a Cash Collateral Account in which event such amount shall be paid to the credit of a Cash Collateral Account and shall be applied by the Facility Agent against the relevant Advance or Advances at the expiry of the relevant Interest Period. The interest earned on such account will be applied by the Facility Agent towards the interest due by the relevant Borrower in respect of the relevant Advance at the time the amount is applied in repayment of the relevant Advance.
Prepayments during Interest Periods. Subject to the other provisions of this agreement, any amount required to be applied in prepayment of the Facilities under clauses 12.4 (Asset disposals) or 12.5 (Insurance claims) during an Interest Period for that Advance will be paid by the relevant Borrower into a Cash Collateral Account and applied (together with any relevant accrued interest) against that Advance on the expiry of that Interest Period.
Prepayments during Interest Periods. Prepayments pursuant to Clauses 7.1, 7.2 and 7.3 applied to the obligations of the Borrower and/or the WCP Borrowers (as appropriate) hereunder shall be subject to payment of any breakage costs incurred by any Finance Party, calculated in accordance with Clause 27.1 (General Indemnity and Breakage Costs). If requested by the Borrower and/or the WCP Borrowers (as appropriate), the Agent shall deposit the proceeds of prepayment in an interest-bearing account established on terms (including terms as to security) in all respects satisfactory to the Agent until the end of the Interest Period then current and apply such funds (together with any interest accrued thereon) toward the required prepayment on the last day of such Interest Period.
Prepayments during Interest Periods. In the event a prepayment under this Clause 7 would otherwise be required on a day (the “Payment Date”) that is not the last day of an Interest Period, the Borrower which is liable to make such prepayment may elect (by written notice to the Facility Agent to be received by it no later than five (5) Business Days prior to such Payment Date) to prepay the Advances on the next day after such Payment Date that is the last day of an Interest Period provided that such next day is less than ninety (90) days after such Payment Date. The provisions of Clause 7.3(a) and (b) shall not apply to any payment made in accordance with Clause 8.7 (Late Payment of Cash Interest).
Prepayments during Interest Periods. Where any amount required to be prepaid under Clause 9.7 (Excess Cash) or Clause 9.8 (Debt Issues) is received by the Facility Agent during an Interest Period, the Obligors’ Agent may by notice in writing to the Facility Agent to be received not less than three Business Days prior to payment of the relevant amount to the Facility Agent, request such amount to be placed in a Cash Collateral Account in which event such amount shall be paid to the credit of a Cash Collateral Account and shall be thereafter applied by the Facility Agent against the relevant Loan or Loans at the expiry of the relevant Interest Period. The interest earned on such account will be paid by the Facility Agent to the relevant Borrower at the time the relevant amount is applied in repayment of the relevant Loan unless an Event of Default is continuing, in which case the interest earned will also be applied in repayment of the relevant Loan.
