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. (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: (i) any sum payable to any Lender by a the Borrower is required to be increased under paragraph (a) of Clause 11.2 12.2 (Tax gross-up); or (ii) any Lender claims indemnification from the Borrowers Borrower under Clause 11.3 12.3 (Tax indemnity) or Clause 13.1 (Increased costs), the Borrowers Borrower may, whilst the circumstance giving rise to the requirement for that increase or indemnification continues, give the Facility Agent notice of cancellation of the Commitment of that Lender and its intention to procure the prepayment of that Lender’s 's participation in the Loans. (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 Borrowers have Borrower has given notice of cancellation under paragraph (a) above (or, if earlierabove, the date specified by the Borrowers in that notice), the Borrowers Borrower shall prepay the that Lender’s '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 a the Borrower is required to be increased under paragraph (a) of Clause 11.2 (Tax gross-up12.2(c); or (ii) any Lender claims indemnification from the Borrowers under Clause 11.3 clause 12.3 (Tax indemnity) or clause 13.1 (Increased Costs), the Borrowers Borrower may, whilst the circumstance giving rise to the requirement or for indemnification continues, give the Facility Agent notice of the cancellation of the Commitment of that Lender and its intention to procure the prepayment of prepay that Lender’s participation in the LoansLoan. (b) On receipt of a notice referred to in paragraph (aclause 7.6(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 Borrower has given notice under paragraph (aclause 7.6(a) above (or, if earlier, the date specified by the Borrowers Borrower in that notice), the Borrowers Borrower shall prepay the that Lender’s participation in the relevant LoanLoan together with Break Costs (if any) relating to such prepayment.

Right of prepayment and cancellation in relation to a single Lender. (a) If: (i) any sum payable to any Lender by a Borrower an Obligor is required to be increased under paragraph (aclause 12.2(a) of Clause 11.2 (Tax gross-up); or (ii) any Lender claims indemnification from the Borrowers Borrower under Clause 11.3 clause 12.3 (Tax indemnity) or clause 13.1 (Increased costs), the Borrowers 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 paragraph (aclause 7.3(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 Borrower has given notice under paragraph (aclause 7.3(a) above (or, if earlier, the date specified by the Borrowers Borrower in that notice), the Borrowers Borrower shall prepay the that Lender’s participation in the relevant Loan.