Common use of Right of prepayment and cancellation Clause in Contracts

Right of prepayment and cancellation. If any Borrower is required to pay or is notified by any Bank in writing that it will be required to pay any amount to a Bank under Clause 12 (Taxes) or Clause 15 (Increased Costs), or if circumstances exist such that a Borrower will be required to pay any amount to a Bank under Clause 12 (Taxes), the Parent may, whilst the circumstances giving rise or which will give rise to the requirement continue, serve a notice of prepayment and cancellation on that Bank through the Agent. On the date falling three Business Days after the date of service of the notice:

Right of prepayment and cancellation. If any Borrower is required to pay or is notified by any Bank in writing that it will be required to pay any amount to a Bank under Clause 12 10 (Taxes) or Clause 15 12 (Increased Costs), or if circumstances exist such that a Borrower will be required to pay any amount to a Bank under Clause 12 10 (Taxes), the Parent may, whilst the circumstances giving rise or which will give rise to the requirement continue, serve a notice of prepayment and cancellation on that Bank through the Agent. On the date falling three five Business Days after the date of service of the notice:

Right of prepayment and cancellation. If any Borrower is required to pay or is notified by any Bank in writing that it will be required to pay any amount to a Bank under Clause 12 13 (Taxes) or Clause 15 (Increased Costs), or if circumstances exist such that a Borrower will be required to pay any amount to a Bank under Clause 12 13 (Taxes), the Parent Company may, whilst the circumstances giving rise or which will give rise to the requirement continue, serve a notice of prepayment and cancellation on that Bank through the Agent. On the date falling three five Business Days after the date of service of the noticeNotice: