Common use of Right of repayment and cancellation in relation to a single Lender Clause in Contracts

Right of repayment and cancellation in relation to a single Lender. (a) If: (i) any sum payable to any Lender by a Transaction Obligor is required to be increased under paragraph (c) of Clause 11.2 (Tax gross-up) or under that clause as incorporated by reference or in full in any other Finance Document; or (ii) any Lender claims indemnification from a Borrower under Clause 11.3 (Tax indemnity) or Clause 12.1 (Increased costs), the Borrowers 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 repayment of that Lender’s participation in the Loan. (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 given notice of cancellation under paragraph (a) above in relation to a Lender (or, if earlier, the date specified by the Borrowers in that notice), the Borrowers shall repay that Lender’s participation in the Loan.

Right of repayment and cancellation in relation to a single Lender. (a) If: (i) any sum payable to any Lender by a Transaction an Obligor is required to be increased under paragraph (c) of Clause 11.2 12.2 (Tax gross-up) or under that clause as incorporated by reference or in full in any other Finance Document); or (ii) any Lender claims indemnification from a Borrower the Borrowers under Clause 11.3 12.3 (Tax indemnity) or Clause 12.1 13.1 (Increased costs), the Borrowers may whilst whilst, in the case of paragraph (i) and (ii) above the circumstance giving rise to the requirement for that increase or indemnification continues continues, give the Facility Agent notice of cancellation of the Commitment of that Lender and its intention to procure the repayment of that Lender’s participation in the LoanLoan or give the Facility Agent notice of its intention to replace that Lender in accordance with paragraph (c) 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 Borrowers have given notice of cancellation under paragraph (a) above in relation to a Lender (or, if earlier, the date specified by the Borrowers in that notice), the Borrowers shall repay that Lender’s participation in the Loan.

Right of repayment and cancellation in relation to a single Lender. (a) If: (i) any sum payable to any Lender by a Transaction Obligor Borrower is required to be increased under paragraph (c) of Clause 11.2 (Tax gross-up) 22.2 or under that clause as incorporated by reference or in full in any other Finance Document; or (ii) any Lender claims indemnification from a Borrower under Clause 11.3 (Tax indemnity) 22.3 or Clause 12.1 (Increased costs)24, the Borrowers may whilst in the case of sub-paragraphs (i) and (ii) above the circumstance giving rise to the requirement for that increase or indemnification continues continues, give the Facility Agent notice of cancellation of the Commitment of that Lender and its intention to procure the repayment of that Lender’s participation in the Loan. (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 given notice of cancellation under paragraph (a) above in relation to a Lender (or, if earlier, the date specified by the Borrowers in that notice), the Borrowers shall repay that Lender’s participation in the Loan. (d) Any partial prepayment under this Clause 8.16 shall reduce pro rata the amount of each Repayment Instalment falling after that prepayment by the amount prepaid.

Right of repayment and cancellation in relation to a single Lender. (a) If: (i) any sum payable to any Lender by a Transaction Obligor the Company is required to be increased under paragraph (c) of Clause 11.2 12.2 (Tax gross-up) or under that clause as incorporated by reference or in full in any other Finance Document; or); (ii) any Lender claims indemnification from a the Borrower under Clause 11.3 12.3 (Tax indemnity) or Clause 12.1 13 (Increased costs); or (iii) any Lender notifies the Agent of its Additional Cost Rate under paragraph 2 of Schedule 3 (Mandatory Cost Formula), the Borrowers may Borrower may, whilst the circumstance giving rise to the requirement for that increase or indemnification continues continues, give the Facility Agent notice of cancellation of the Commitment of that Lender and its intention to procure the repayment of that Lender’s 's participation in the LoanLoans. (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 in relation to a Lender (or, if earlier, the date specified by the Borrowers Borrower in that notice), the Borrowers Borrower shall repay that Lender’s 's participation in the that Loan.

Right of repayment and cancellation in relation to a single Lender. (a) If: (i) any sum payable to any Lender by a Transaction an Obligor is required to be increased under paragraph (c) of Clause 11.2 12.2 (Tax gross-up) or under that clause as incorporated by reference or in full in any other Finance Document; or); (ii) any Lender claims indemnification from a the Borrower under Clause 11.3 12.3 (Tax indemnity) or Clause 12.1 13 (Increased costs), the Borrowers may Borrower may, whilst (in the case of paragraphs (i) and (ii) above) the circumstance giving rise to the requirement for that increase or indemnification continues continues, give the Facility Agent notice of cancellation of the Commitment of that Lender and its intention to procure the repayment of that Lender’s participation in the LoanLoans or replace such Lender by requiring such Lender to (and such Lender shall promptly) transfer all of its rights and obligations under the Finance Documents at par (together with any accrued but unpaid interest and fees due to it) to any person selected by the Borrower willing to take such transfer. (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 in relation to a Lender (or, if earlier, the date specified by the Borrowers Borrower in that notice), the Borrowers Borrower shall repay that Lender’s participation in the that Loan.

Right of repayment and cancellation in relation to a single Lender. (a) If: (i) any sum payable to any Lender by a Transaction Obligor Borrower is required to be increased under paragraph (c) of Clause 11.2 (Tax gross-up) 22.2 or under that clause as incorporated by reference or in full in any other Finance Document; or (ii) any Lender claims indemnification from a Borrower under Clause 11.3 (Tax indemnity) 22.3 or Clause 12.1 (Increased costs)24, the Borrowers may whilst in the case of sub-paragraphs (i) and (ii) above the circumstance giving rise to the requirement for that increase or indemnification continues continues, give the Facility Agent notice of cancellation of the Commitment of that Lender and its intention to procure the repayment of that Lender’s participation in the Loan. (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 given notice of cancellation under paragraph (a) above in relation to a Lender (or, if earlier, the date specified by the Borrowers in that notice), the Borrowers shall repay that Lender’s participation in the Loan. (d) Any partial prepayment under this Clause 8.16 shall reduce pro rata the amount of each Instalment falling after that prepayment by the amount prepaid.

Right of repayment and cancellation in relation to a single Lender. (a) If: (i) any sum payable to any Lender by a Transaction Obligor is required to be increased under paragraph (c) of Clause 11.2 12.2 (Tax gross-up) or under that clause as incorporated by reference or in full in any other Finance Document; or (ii) any Lender claims indemnification from a Borrower under Clause 11.3 12.3 (Tax indemnity) or Clause 12.1 13.1 (Increased costs), the Borrowers 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 repayment of that Lender’s Lxxxxx's participation in the Loan. (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 given notice of cancellation under paragraph (a) above in relation to a Lender (or, if earlier, the date specified by the Borrowers in that notice), the Borrowers shall repay that Lender’s Lxxxxx's participation in the Loan.

Right of repayment and cancellation in relation to a single Lender. (a) If: (i) any sum payable to any Lender by a Transaction an Obligor is required to be increased under paragraph (c) of Clause 11.2 12.2 (Tax gross-up) or under that clause as incorporated by reference or in full in any other Finance Document; or); (ii) any Lender claims indemnification from a the Borrower under Clause 11.3 12.3 (Tax indemnity) or Clause 12.1 13.1 (Increased costs), the Borrowers may Borrower may, whilst (in the case of paragraphs (i) and (ii) above) the circumstance giving rise to the requirement for that increase or indemnification continues continues, give the Facility Agent notice of cancellation of the Commitment of that Lender and its intention to procure the repayment of that Lender’s participation in the LoanLoans or replace such Lender by requiring such Lender to (and such Lender shall promptly) transfer all of its rights and obligations under the Finance Documents at par (together with any accrued but unpaid interest and fees due to it) to any person selected by the Borrower willing to take such transfer. (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 in relation to a Lender (or, if earlier, the date specified by the Borrowers Borrower in that notice), the Borrowers Borrower shall repay that Lender’s participation in the that Loan.