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. 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 any sum payable to any Lender by the Borrower is required to be increased under paragraph (a) of Clause 9.2 (Tax gross-up), the Borrower may, whilst the circumstance giving rise to the requirement for that increase or indemnification continues, give that Lender notice of cancellation of the Commitment(s) of that Lender and/or its intention to procure the prepayment of that Xxxxxx’s participation in the Utilisations or give that Lender notice of its intention to replace that Lender in accordance with paragraph (d) below.
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 11.1 (Tax Gross-up) or a Lender claims indemnification from any Borrower under the provisions of Clause 11.2 (Tax Indemnity) or Clause 12.1 (Increased Costs) TCN 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
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 (
Right of Prepayment and Cancellation in relation to a single Lender to the Defaulting Lender concerned as soon as practicable on receipt.
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 11.1 (Tax Gross-up) or a Lender claims indemnification from the Borrower under the provisions of Clause 11.2 (Tax Indemnity) or Clause 12.1 (Increased Costs) and within 30 days thereafter the Administrative Agent receives from the Borrower (while the circumstances giving rise to such increase or indemnification continue), at least 10 Business Days’ prior notice of its intention to repay or to cause to be repaid such Lender’s share of the Outstandings, the Borrower shall on the last day of each of the then current Interest Periods repay such Lender’s portion of each Advance to which such Interest Periods relate.
Right of Prepayment and Cancellation in relation to a single Lender shall not be obliged to participate in the making of Advances on or after the date upon which the Administrative Agent receives the relevant notice of intention to repay such Lender’s share of the Outstandings, on which date all of such Lender’s Available Commitment shall be cancelled and all of its Commitment shall be reduced to zero.
Right of Prepayment and Cancellation in relation to a single Lender shall not be obliged to participate in the making of Advances (including Revolving Facility Advances) or in the issue or counter-guarantee in respect of Documentary Credits on or after the date upon which the Agent receives the relevant notice of intention to repay such Lender’s share of the Outstandings, on which date all of such Lender’s Available Commitments shall be cancelled and all of its Commitments shall be reduced to zero.
