Common use of Provision of additional security; prepayment Clause in Contracts

Provision of additional security; prepayment. If the Lender serves a notice on the Borrowers under Clause 14.1, the Borrowers shall, within 1 month after the date on which the Lender’s notice is served, either: (a) provide, or ensure that a third party provides, additional security which, in the opinion of the Lender, has a net realisable value at least equal to the shortfall and is documented in such terms as the Lender may approve or require; or (b) prepay such part (at least) of the Loan as will eliminate the shortfall.

Provision of additional security; prepayment. If the Lender serves a notice on the Borrowers under Clause 14.1, the Borrowers shall, within 1 month after the date on which the Lender’s 's notice is served, either: (a) provide, or ensure that a third party provides, additional security which, in the opinion of the Lender, has a net realisable value at least equal to the shortfall and is documented in such terms as the Lender may approve or require; or (b) prepay pay to the Lender such part (at least) of the Loan amount so as to ensure once such sum has been applied in accordance with Clause 14.7, such shortfall will eliminate the shortfallhave been eliminated.

Provision of additional security; prepayment. If the Lender serves a notice on the Borrowers under Clause 14.115.1, the Borrowers shall, within 1 month after the date on which the Lender’s 's notice is served, either: (a) provide, or ensure that a third party provides, additional security which, in the opinion of the Lender, has a net realisable value at least equal to the shortfall and is documented in such terms as the Lender may approve or require; or (b) prepay pay to the Lender such part (at least) of the Loan amount so as to ensure once such sum has been applied in accordance with Clause 15.1, such shortfall will eliminate the shortfallhave been eliminated.

Provision of additional security; prepayment. If the Lender serves a notice on the Borrowers Borrower under Clause 14.1, the Borrowers Borrower shall, within 1 month after the date on which the Lender’s 's notice is served, either: (a) provide, or ensure that a third party provides, additional security which, in the opinion of the Lender, has a net realisable value at least equal to the shortfall and is documented in such terms as the Lender may approve or require; or (b) prepay such part (at least) of the Loan as will eliminate the shortfall.

Provision of additional security; prepayment. If the Lender serves a notice on the Borrowers Borrower under Clause 14.113.1, the Borrowers Borrower shall, within 1 month after the date on which the Lender’s notice is served, either: (a) provide, or ensure that a third party provides, additional security which, in the opinion of the Lender, has a net realisable value at least equal to the shortfall and is documented in such terms as the Lender may approve or require; or (b) prepay such part (at least) of the Loan as will eliminate the shortfall.

Provision of additional security; prepayment. If the Lender serves a notice on the Borrowers under Clause 14.1, the Borrowers shall, within 1 month after the date on which the Lender’s 's notice is served, either: (a) provide, or ensure that a third party provides, additional security which is acceptable to the Lender in its absolute discretion and which, in the opinion of the Lender, has a net realisable value at least equal to the shortfall and is documented in such terms as the Lender may approve or require; or (b) prepay such part (at least) of the Loan as will eliminate the shortfall.

Provision of additional security; prepayment. If the Lender serves a notice on the Borrowers under Clause 14.1, the Borrowers shall, within 1 month after the date on which the Lender’s notice is served, either:; (a) provide, or ensure that a third party provides, additional security which, in the opinion of the Lender, has a net realisable value at least equal to the shortfall and is documented in such terms as the Lender may approve or require; or (b) prepay such part (at least) of the Loan as will eliminate the shortfall.

Provision of additional security; prepayment. If the Lender serves a notice on the Borrowers under Clause 14.1, the Borrowers shall, within 1 month after the date on which the Lender’s 's notice is served, either: (a) provide, or ensure that a third party providesprovides cash, cash equivalents or any other additional security which, in the opinion of the Lender, has a net realisable value at least equal to the shortfall and is documented in such terms as the Lender may approve or require; or (b) prepay such part (at least) of the Loan as will eliminate the shortfall.