REPAYMENT, EARLY REPAYMENT, MANDATORY REPAYMENT AND CANCELLATION. (1) Subject to the specific terms applying to a Facility as set out in this Agreement or in any Facility Specific Terms the Beneficiary Member State shall repay the principal amount of each Financial Assistance Amount in cleared funds or EFSF Debt Securities to the account designated to it in writing by EFSF for this purpose (or to such other account as the Parties may agree from time to time for the purpose of this Agreement) on the date(s) (each of which must be an Payment Date) and under the conditions notified to it by EFSF in the relevant Confirmation Notice. The repayment obligation set out in Clause 7(b) of Schedule 1 is in addition to and without prejudice to the repayment obligations set out in this Clause 7.
(2) If financing granted to the Beneficiary Member State under any of the facilities provided by any Financial Support Providers or any facility provided by the European Union (or any body or institution thereof) or any facility which may at any time be provided by the IMF, is repaid by the Beneficiary Member State in advance in whole or in part on a voluntary or mandatory basis, a proportional amount of the Financial Assistance Amounts of the Financial Assistance provided under this Agreement together with accrued interest and all other amounts due in respect thereof shall become immediately due and repayable in a proportionate amount established by reference to the proportion which the principal sum repaid in advance in respect of the relevant facility represents to the aggregate principal amount outstanding in respect of such facility immediately prior to such repayment in advance.
(3) The Beneficiary Member State shall pay on the date of such early repayment all accrued interest and all other amounts due in respect of the amount repaid and shall reimburse all costs, expenses, fees and Loss of Interest incurred and/or payable by EFSF as a consequence of an early repayment in respect of any Financial Assistance under this Clause 7.
(4) The Beneficiary Member State may cancel, on not less than ten (10) Business Days' prior written notice, the whole or any part (being a minimum amount of euro one hundred million) of the undisbursed amount of a Facility, provided that no Request for Funds for that amount has been made under the relevant Facility.
(5) EFSF may cancel the whole or any part of the undisbursed amount of a Facility if
(i) the MoU is amended in a way that reduces the amount of the Financial Assistance available for the Beneficiary M...
REPAYMENT, EARLY REPAYMENT, MANDATORY REPAYMENT AND CANCELLATION. In addition to the provisions of Clause 7 (Repayment, Early Repayment, Mandatory Repayment and Cancellation) in Section 1 of the Facility Specific Terms, the provisions of Clause 7 (Repayment, Early Repayment, Mandatory Repayment and Cancellation) of Section 4 of the Facility Specific Terms shall apply, provided that:
REPAYMENT, EARLY REPAYMENT, MANDATORY REPAYMENT AND CANCELLATION. (a) Clause 7 of the Master Facility Agreement shall apply to this Bank Recapitalisation Facility
(b) In addition to the repayment obligations set out in Clause 7 of the Master Facility Agreement, if on 15 July 2014 the Beneficiary Member State or FROB has received an amount in euros or received delivery of EFSF Debt Securities as Financial Assistance under the Master Facility Agreement and these Facility Specific Terms and such amounts or such EFSF Debt Securities have not at that time been used to subscribe or to pre-subscribe for Bank Capital Instruments in financial institutions or AMCs as contemplated by the MoU then, upon written notice by EFSF, the Beneficiary Member State shall repay the Financial Assistance in a principal amount equal to the sum of (i) such euro amounts and (ii) the aggregate nominal principal face amount of such EFSF Debt Securities (being of the same series as the EFSF Debt Securities used for the relevant disbursement and in case of a partial reimbursement of this Bank Recapitalisation Facility in equal amounts of each series of EFSF Debt Securities used for the disbursement), together with all accrued interest on the reimbursed amount within ten (10) Business Days of such notice. Such reimbursement shall constitute a scheduled repayment and not a voluntary or mandatory pre-payment.
REPAYMENT, EARLY REPAYMENT, MANDATORY REPAYMENT AND CANCELLATION. Clause 7 of the Master Facility Agreement shall apply to this Loan Facility.
REPAYMENT, EARLY REPAYMENT, MANDATORY REPAYMENT AND CANCELLATION. (a) Clause 7 (Repayment, Early Repayment, Mandatory Repayment and Cancellation) of the Master Facility Agreement shall apply to this Loan Facility.
(b) For the avoidance of doubt, Clause 7(8) of the Master Facility Agreement shall not apply to the proceeds of any disbursement made prior to the date of the Master Facility Agreement under the Loan Facility Agreement, the First Financial Assistance Facility Agreement or the Second Financial Assistance Facility Agreement.
REPAYMENT, EARLY REPAYMENT, MANDATORY REPAYMENT AND CANCELLATION. The Borrower shall repay the principal amount of each Instalment on the date(s) and under the conditions determined in the corresponding Borrowing Contracts and as notified to it by the Lender. The Borrower shall transfer the amount of principal due to the account referred to in Clause 8(3) on the Transfer Date. Any amount of principal which is transferred for the purpose of a repayment to the account referred to in Clause 8(3) by the Borrower cannot be re-borrowed. The Lender will not include an early repayment clause in the terms and conditions of the Financial Transaction, unless the Borrower has explicitly requested such a clause in the Request for Funds. The terms and conditions of such an early repayment option for the Borrower shall be those of the corresponding early repayment option for the Lender under the Borrowing Contracts. If the Borrower wants to exercise its option, it shall give notice to the Lender of its decision to early repay the respective Instalment at least one month prior to the latest notice date for early repayment under the Borrowing Contracts. In case of an early repayment, the payment shall take place respecting the relevant Transfer Date. For the avoidance of doubt, an early repayment carried out for an Instalment where such early repayment is permitted according to this Clause 7(2) is not considered as a rescheduling. Any principal amount which is transferred for the purpose of a prepayment to the account referred to in Clause 8(3) by the Borrower cannot be re-borrowed. If financing granted to the Borrower under the IMF Arrangement is repaid in advance in whole or in part on a voluntary or mandatory basis, a proportional amount of the Loan disbursed under this Agreement shall become immediately due and repayable in a proportionate amount established by reference to the proportion which the principal sum repaid in advance in respect of the relevant facility represents to the aggregate principal amount outstanding in respect of such facility immediately prior to such repayment in advance. The Borrower shall reimburse all costs, expenses, fees and Loss of Interest incurred and payable by the Lender as a consequence of an early repayment of any Instalment under this Clause. The Borrower may cancel, on not less than five Business Days' prior written notice, the whole or any part of the undrawn amount of the Facility, provided that no Request for Funds for that amount has been made. The Lender may cancel the whole or any part of t...