Common use of Right of Prepayment and Cancellation in relation to a single Lender Clause in Contracts

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 sum payable to any Lender by an Obligor is required to be increased under Clause 17.1 16.1 (Tax Gross-up) or a Lender claims indemnification from a any Borrower under the provisions of Clause 17.3 16.2 (Tax Indemnity) or Clause 18.1 17.1 (Increased Costs) that Borrower TCN may elect elect, by providing, 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 Lenderbasis. In such event, such Borrower TCN shall procure that, 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 TCN 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 TCN shall repay the relevant Ancillary Facility Outstandings in full.

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’ Days prior notice of its intention to repay or to cause to be repaid such Lender’s Lenders share of the Outstandings to the Facility Agent, to repay such Lender’s Lenders 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 Lenders 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.