Right of prepayment and cancellation in relation to a single Lender. (a) If:
(i) any sum payable to any Lender by the Borrower is required to be increased under paragraph (a) of Clause 12.2 (Tax gross-up); or
(ii) any Lender claims indemnification from the Borrower under Clause 12.3 (Tax indemnity) or Clause 13.1 (Increased costs), the Borrower may, following any circumstance giving rise to the requirement or indemnification referred to in paragraphs (i) or (ii) above, give the Agent notice of cancellation of part or the whole of the Commitment of that Lender and its intention to procure the prepayment of any part or the whole of that Lender’s participation in the Loans. Such right of cancellation or prepayment (and to take steps in relation thereto) will cease once the events giving rise to such requirement or indemnification cease.
(b) On receipt of a notice referred to in paragraph (a) above, the Commitment of that Lender shall immediately be reduced by the amount specified in that notice.
(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 prepay that Lender’s participation in the relevant Loan.
Right of prepayment and cancellation in relation to a single Lender. (a) If:
(i) any sum payable to any Lender by the Company is required to be increased under paragraph (a) of Clause 12.2 (Tax gross-up); or
(ii) any Lender claims indemnification from the Company under Clause 12.3 (Tax indemnity) or Clause 13.1 (Increased costs); or
(iii) the rate notified by a Lender in relation to a particular Interest Period under sub-paragraph (a)(ii) of Clause 10.2 (Market disruption) is higher than the lowest rate notified by a Lender under that sub-paragraph, 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/or its intention to procure the prepayment of that Lender’s participation in the Loans or give the Agent notice of its intention to replace that Lender in accordance with paragraph (d) below.
(b) On receipt of a notice of cancellation referred to in paragraph (a) above, 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 of cancellation under paragraph (a) above (or, if earlier, the date specified by the Company in that notice), the Company shall prepay that Lender’s participation in the relevant Loan.
(d) The Company may, in the circumstances set out in paragraph (a) above, on five Business Days’ prior notice to the Agent and that Lender, replace that Lender by requiring that Lender to (and, to the extent permitted by law, that Lender shall) transfer pursuant to Clause 21 (Changes to the Lenders) all (and not part only) of its rights and obligations under this Agreement to a Lender or other bank, financial institution, trust, fund or other entity selected by the Company which confirms its willingness to assume and does assume all the obligations of the transferring Lender in accordance with Clause 21 (Changes to the Lenders) for a purchase price in cash or other cash payment payable at the time of the transfer equal to the outstanding principal amount of such Lender’s participation in the outstanding Loans and all accrued interest (to the extent that the Agent has not given a notification under Clause 21.10 (Pro-rata interest settlement)), Break Costs and other amounts payable in relation thereto under the Finance Documents.
(e) The replacement of a Lender pursuant to paragraph (d) above shall be subject to the following conditions:
(i) the Company shall have no right to replace the...
Right of prepayment and cancellation in relation to a single Lender. If any sum payable to any Lender by an Obligor is required to be increased under Clause 17.1 (Tax Gross-up) or a Lender claims indemnification from a Borrower under the provisions of Clause 17.3 (Tax Indemnity) or Clause 18.1 (Increased Costs) that Borrower may elect by providing, at least 5 Business Days’ prior notice of its intention to repay or to cause to be repaid such Lender’s share of the Outstandings to the Facility Agent, to repay such Lender’s share of the Outstandings on a non-pro rata basis and immediately to cancel any Commitments then outstanding of such Lender. In such event, such Borrower shall procure that, on the last day of each of the then current Interest Periods or Terms (as the case may be) such Lender’s portion of each Advance to which each such Interest Period or Term relates is repaid and if the relevant Lender is also an L/C Bank, such Borrower shall procure that the relevant Outstanding L/C Amount(s) are reduced to zero and if the relevant Lender is also an Ancillary Facility Lender, such Borrower shall repay the relevant Ancillary Facility Outstandings in full.
Right of prepayment and cancellation in relation to a single Lender. (a) If:
(i) any sum payable to any Lender by a Borrower is required to be increased under paragraph (a) of Clause 11.2 (Tax gross-up); or
(ii) any Lender claims indemnification from the Borrowers under Clause 11.3 (Tax indemnity), the Borrowers may, whilst the circumstance giving rise to the requirement or indemnification continues, give the Agent notice of cancellation of the Commitment of that Lender and its intention to procure the prepayment of that Lender’s participation in the Loans.
(b) On receipt of a notice referred to in paragraph (a) above, the Commitment of that Lender shall immediately be reduced to zero.
(c) On the last day of each Interest Period which ends after the Borrowers have given notice under paragraph (a) above (or, if earlier, the date specified by the Borrowers in that notice), the Borrowers shall prepay the Lender’s participation in the relevant Loan.
Right of prepayment and cancellation in relation to a single Lender. (A) If:
(1) any sum payable to any Lender by the Borrower is required to be increased under paragraph (C) of clause 11.2 (Tax gross-up); or
(2) any Lender claims indemnification from the Borrower under clause 11.3 (Indemnity) or clause 12.1 (
Right of prepayment and cancellation in relation to a single Lender. If any Lender is owed any amounts as set out in paragraph (b) of Clause 21.1 (Replacement of Lenders), the Borrower shall have the rights as set out in Clause 21.1 (Replacement of Lenders).
Right of prepayment and cancellation in relation to a single Lender shall reduce the Commitments of the Lenders rateably.
Right of prepayment and cancellation in relation to a single Lender. (a) If:
(i) any sum payable to any Lender by a Borrower is required to be increased under Clause 10.2(c) (Tax gross-up); or
(ii) any Lender claims indemnification from a Borrower under Clause 10.3 (Tax indemnity) or Clause 12.1 (Increased Costs), a Borrower may, whilst the circumstance giving rise to the requirement or indemnification continues, in respect only of the Facilities made available to it, give the Facility Agent notice of cancellation of the Additional Facility Commitment (as applicable) of that Lender and its intention to procure the repayment of that Lender's participation in all relevant Advances.
(b) On receipt of a notice referred to in paragraph (a) above, the Additional Facility Commitment of that Lender shall each immediately be reduced to zero.
(c) On the last day of each Interest Period which ends after a Borrower has given notice under paragraph (a) above (or, if earlier, the date specified by the relevant Borrower in that notice), the relevant Borrower shall repay that Lender's participation in all relevant Advances.
Right of prepayment and cancellation in relation to a single Lender. (a) If:
(i) any Lender claims indemnification from the Borrower under Clause 13.1 (Increased costs); or
(ii) the rate notified by a Lender in relation to a particular Interest Period under sub-clause (a)(ii) of Clause 10.2 (Market disruption) is higher than the lowest rate notified by another Lender under that clause, the Borrower may, whilst the circumstance giving rise to the requirement or indemnification continues give the Agent notice of cancellation of the Commitment of that Lender and its intention to procure the prepayment of that Lender’s participation in the Loans.
(b) On receipt of a notice referred to in sub-clause (a) above, the Commitment of that Lender shall immediately be reduced to zero.
(c) On the last day of the Interest Period which ends after the Borrower has given notice under sub-clause (a) above (or, if earlier, the date specified by the Borrower in that notice), the Borrower shall prepay that Lender’s participation in that Loan.
Right of prepayment and cancellation in relation to a single Lender. The Agent will forward a copy of a prepayment notice received in accordance with paragraph (h) of Clause 7.4 (
