Common use of Right of cancellation and repayment in relation to a single Lender Clause in Contracts

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. 7.5.1 7.4.1 If: (a) any sum payable to any Lender by the Borrower an Obligor is required to be increased under Clause13.2 clause 14.2.3 (Tax gross-up); or (b) any Lender claims indemnification from the borrower Borrower or an Obligor under Clause 13.3 clause 14.3 (Tax Indemnityindemnity) or Cause 14 clause 15.1 (Increased costs), the Borrower may, whilst the circumstance giving rise to the requirement for or indemnification continues, give the Senior Agent notice of cancellation of the Commitment Commitments of that Lender and its intention to procure the repayment of that Lender’s 's participation in the Loans. 7.5.2 7.4.2 On receipt of a notice referred to in Clause 7.5.1 clause 7.4.1 in relation to a Lender, the Commitment Commitments of that Lender shall immediately be reduced to zero. 7.5.3 7.4.3 On the last day of each Interest Period for a Loan which ends after the Borrower has given notice under Clause 7.5.1 clause 7.4.1 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.that

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 Clause 13.2 (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. 7.5.1 7.4.1 If: (a) any sum payable to any Lender by the Borrower an Obligor is required to be increased under Clause13.2 Clause 14.2 (Tax gross-up); or (b) any Lender claims indemnification from the borrower Obligors’ Agent or an Obligor under Clause 13.3 14.3 (Tax Indemnityindemnity) or Cause 14 Clause 15.1 (Increased costs), the Borrower Obligors’ Agent may, whilst the circumstance giving rise to the requirement for that increase or 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 7.4.2 On receipt of a notice referred to in Clause 7.5.1 7.4.1 above in relation to a Lender, the Commitment of that Lender shall immediately be reduced to zero. 7.5.3 7.4.3 On the last day of each Interest Period which ends after the Borrower Obligors’ Agent has given notice under Clause 7.5.1 7.4.1 above in relation to a Lender (or, if earlier, the date specified by the Borrower Obligors’ Agent in that notice), the each Borrower to whom a Loan is outstanding shall repay that Lender’s participation in the Loans that Loan together with all interest and other amounts accrued under the Finance Documents.