Prepayments during Interest Periods Sample Clauses

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. (a) Where any amount required to be prepaid under Clause 14.2 (Mandatory Prepayments on Non-completion of Portuguese Acquisition), Clause 14.6(e) (Prepayments: Order of Application), Clause 14.4 (Proceeds of Asset Disposals) or Clause 14.5 (Insurances) is received by the Agent during an Interest Period or if during an Interest Period the Parent or the Obligors’ Agent is required to issue a certificate under Clauses 14.4 (Proceeds of Asset Disposals) or 14.5 (Insurances) and fails to do so, the Agent will retain any amount required to be repaid under Clause 14.6(e) (Prepayments: Order of Application) and any amount for which a certificate should have been issued under Clause 14.4 (Proceeds of Asset Disposals) or Clause 14.5 (Insurances) but has not been so issued until the end of such Interest Period and will apply the same against the relevant Advance or Advances on the expiry of the relevant Interest Period. (b) Pending application against the relevant Advance of the sums held by the Agent under Clause 14.7(a) above such sums will be placed in a Cash Collateral Account and the interest earned on such account will be applied by the Agent towards the interest due by a Borrower in respect of the relevant Advance at the time the amount is applied in repayment of the relevant Advance. (c) The relevant Borrower may, by notice to the Agent, require that any Interest Period be broken and that the proceeds arising under Clause 14.6(e) (Prepayments: Order of Application), Clause 14.2 (Mandatory Prepayment on Non-completion of Portuguese Acquisition), Clauses 14.4 (Proceeds of Asset Disposals) or 14.5 (Insurances) be applied immediately towards repayment of the relevant Advance subject to payment of any breakage costs thereby incurred by the Lenders in accordance with Clause 34.1 (General Indemnity and Breakage Costs).

Prepayments during Interest Periods. Where any amount required to be prepaid under Clauses 8.3 (Mandatory Prepayments from Receipts), 8.4 (Excess Cash Flow) or 8.5 (IPO Proceeds) 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 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. 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. Where any amount required to be prepaid under Clauses 10.3 (Mandatory Prepayments from Receipts) is received by the Facility Agent during an Interest Period, the Obligors’ Agent may by notice 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 applied by the Facility Agent against the relevant Loan or Loans at the expiry of the relevant Interest Period. Amounts standing to the credit of any Cash Collateral Account shall bear interest at the rate normally offered by the Facility Agent to corporate depositors of amounts similar to the relevant amount for periods of deposit similar to the anticipated period of deposit of the relevant amount. The interest earned on such account will be for the account of the relevant Borrower and shall be applied as the relevant Borrower directs.

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. 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.

Prepayments during Interest Periods. Any prepayment required to be made pursuant to clause 7.6 (Mandatory prepayment: Underlying Redemption) on a day which is not the last day of an Interest Period relating to the Utilisation to be prepaid may instead be applied in prepayment of that Utilisation on the last day of the current Interest Period relating to that Utilisation.

Prepayments during Interest Periods. (a) Where any amount required to be prepaid under Clause 10.8 is received by the Mezzanine Agent for the account of the Mezzanine Lenders during an Interest Period the Mezzanine Agent will retain such amount until the end of such Interest Period and will apply the same against the relevant Advance or Advances hereunder on the expiry of the relevant Interest Period. (b) Pending application against the relevant Advance the sums held by the Mezzanine Agent under Clause 10.10 (a) will be placed in a Cash Collateral Account and the interest earned on such account will be applied by the Mezzanine Agent towards the interest due by the Borrower in respect of the relevant Advance at the time the amount is applied in repayment of the relevant Advance. (c) The Borrower may, by notice to the Mezzanine Agent, require that any Interest Period be broken and that the proceeds arising under Clause 10.8 be applied immediately towards repayment of the next Advance to mature subject to payment of any breakage costs thereby incurred by the Mezzanine Lenders in accordance with Clause 30.1.

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.