Right of cancellation and repayment in relation to a single Lender. (a) If:
(i) any sum payable to any Lender by an Obligor is required to be increased under paragraph (c) of Clause 16.2 (Tax gross-up); or
(ii) any Lender claims indemnification from the Borrower or an Obligor under Clause 16.3 (Tax indemnity) or Clause 17.1 (Increased Costs), the Borrower may, whilst the circumstance giving rise to the requirement for that increase or indemnification continues, give the Agent notice of cancellation of the Commitment(s) of that Xxxxxx and its intention to procure the repayment of that Xxxxxx's participation in the Loans.
(b) On receipt of a notice referred to in paragraph (a) above, the Available Commitment(s) of the relevant Lender shall be immediately reduced to zero.
(c) On the last day of each Interest Period which ends after the Borrower has given notice under paragraph (a) above (or, if earlier, the date specified by the Borrower in that notice), the Borrower shall repay the relevant Lender's participation in that Loan together with all interest and other amounts accrued under the Finance Documents and that Xxxxxx's corresponding Commitment(s) shall be immediately cancelled in the amount of the participations repaid.
Right of cancellation and repayment in relation to a single Lender. (a) If:
(i) any sum payable to any Lender by an Obligor is required to be increased under clause 17.2(c) (Tax gross-up); or
(ii) any Lender claims indemnification from an Obligor under clause 17.3 (Tax indemnity) or clause 18.1 (Increased costs), the Company may, whilst the circumstance giving rise to the requirement for that increase or indemnification continues give the Agent notice of cancellation of the Commitment of that Lender and its intention to procure the repayment of that Lender’s participation in the Loans.
(b) On receipt of a notice referred to in clause 10.6(a) in relation to a Lender, the Commitment of that Lender shall immediately be reduced to zero.
(c) On the last day of each Interest Period which ends after the Company has given notice under clause 10.6(a) in relation to a Lender (or, if earlier, the date specified by the Company in that notice), each Borrower to which a Loan is outstanding shall repay that Lender’s participation in that Loan together with all interest and other amounts accrued under the Finance Documents.
Right of cancellation and repayment in relation to a single Lender. (a) If:
(i) any sum payable to any Lender by an Obligor is required to be increased under Clause 14.2 (Tax Gross-Up);
(ii) any Lender claims indemnification from an Obligor under Clause 14.3 (Tax Indemnity) or Clause 15.1 (Increased Costs); or
(iii) any Lender becomes a Non-Consenting Lender, Holdco may, whilst the circumstance giving rise to the requirement for that increase or indemnification continues, give the Agent notice of cancellation of the Commitment(s) of that Lender and its intention to procure the repayment of that Xxxxxx’s participation in the Loans.
(b) On receipt of a notice referred to in paragraph (a) above in relation to a Lender, the Commitment(s) of that Lender shall immediately be reduced to zero.
(c) On the last day of each Interest Period which ends after Xxxxxx has given notice under paragraph (a) above in relation to a Lender (or, if earlier, the date specified by Holdco in that notice), each Borrower to which a Loan is outstanding shall repay that Xxxxxx’s participation in that Loan together with all interest and other amounts accrued under the Finance Documents.
Right of cancellation and repayment in relation to a single Lender. (a) If:
(i) any sum payable to any Lender by an Obligor is required to be increased under paragraph (c) of Clause 14.2 (Tax gross-up); or
(ii) any Lender claims indemnification from the Borrower or an Obligor under Clause 14.3 (Tax indemnity) or Clause 15.1 (Increased costs), the Borrower may, whilst the circumstance giving rise to the requirement for that increase or indemnification continues, give the COFACE Agent notice (if such circumstances relate to a Lender) of cancellation of the Commitment of that Lender and its intention to procure the repayment of that Lender’s participation in the Utilisations.
(b) On receipt of a notice referred to in paragraph (a) above in relation to a Lender, the Commitment of that Lender shall immediately be reduced to zero.
(c) On the last day of each Interest Period which ends after the Borrower has given notice under paragraph (a) above in relation to a Lender (or, if earlier, the date specified by the Borrower in that notice), the Borrower shall repay that Lender’s participation in that Utilisation together with all interest and other amounts accrued under the Finance Documents.
Right of cancellation and repayment in relation to a single Lender. 7.5.1 If:
(a) any sum payable to any Lender by the Borrower is required to be increased under Clause13.2 (Tax gross-up); or
(b) any Lender claims indemnification from the borrower under Clause 13.3 (Tax Indemnity) or Cause 14 (Increased costs), the Borrower may, whilst the circumstance giving rise to the requirement for indemnification continues, give the Senior Agent notice of cancellation of the Commitment of that Lender and its intention to procure the repayment of that Lender’s participation in the Loans.
7.5.2 On receipt of a notice referred to in Clause 7.5.1 in relation to a Lender, the Commitment of that Lender shall immediately be reduced to zero.
7.5.3 On the last day of each Interest Period which ends after the Borrower has given notice under Clause 7.5.1 in relation to a Lender (or, if earlier, the date specified by the Borrower in that notice), the Borrower shall repay that Lender’s participation in the Loans together with all interest and other amounts accrued under the Finance Documents.
Right of cancellation and repayment in relation to a single Lender applies to a Lender; or
Right of cancellation and repayment in relation to a single Lender. (a) If:
(i) any sum payable to any Lender by an Obligor is required to be increased under paragraph (c) of Clause 15.2 (Tax Gross-Up); or
(ii) any Lender claims indemnification from the Company or an Obligor under Clause 15.3 (Tax Indemnity) or Clause 16.1 (Increased Costs), the Company may, whilst the circumstance giving rise to the requirement for that increase or indemnification continues, give the Agent notice of cancellation of the Commitment of that Lender and its intention to procure the repayment of that Lender’s participation in the Utilisations. On receipt of a notice referred to in paragraph (a) above in relation to a Lender, the Commitment of that Lender shall immediately be reduced to zero.
(b) On the last day of each Interest Period which ends after the Company has given notice under paragraph (a) above in relation to a Lender (or, if earlier, the date specified by the Company in that notice), each Borrower to which a Utilisation is outstanding shall repay that Lender’s participation in that Utilisation together with all interest and other amounts accrued in favour of that Lender under the Finance Documents.
Right of cancellation and repayment in relation to a single Lender. 7.4.1 If:
(a) any sum payable to any Lender by an Obligor is required to be increased under Clause 14.2 (Tax gross-up);
(b) any Lender claims indemnification from the Borrower or an Obligor under Clause 14.3 (Tax indemnity) or Clause 15.1 (Increased costs); or
(c) any FATCA Protected Lender notifies the Agent of a FATCA Event pursuant to Clause 7.5 (Mandatory repayment and cancellation of FATCA Protected Lenders), the Borrower may, whilst the circumstance giving rise to the requirement or indemnification or FATCA Event continues, give the Agent notice of cancellation of the Commitment of that Lender and its intention to procure the repayment of that Lender’s participation in the Loans.
7.4.2 On receipt of a notice referred to in Clause 7.4.1 above in relation to a Lender, the Commitment of that Lender shall immediately be reduced to zero.
7.4.3 On the last day of each Interest Period which ends after the Borrower has given notice under Clause 7.4.1 above in relation to a Lender (or, if earlier, the date specified by the Borrower in that notice), the Borrower shall repay that Lender’s participation in that Loan together with all interest and other amounts accrued under the Finance Documents.
Right of cancellation and repayment in relation to a single Lender. (a) If:
(i) any sum payable to any Lender by an Obligor is required to be increased under paragraph (c) of clause 15.2 (Tax gross-up);
(ii) any Lender claims indemnification from the Company or an Obliger under clause 15.3 (Tax indemnity) or clause 16.1 (Increased costs); or
Right of cancellation and repayment in relation to a single Lender shall be applied pro rata to each Lender’s participation in that Loan.
