Right of repayment and cancellation in relation to a single Lender. 7.10.1 If: (a) any sum payable to any Lender by the Borrower is required to be increased under Clause 12.2 (Tax Gross-up); or (b) any Lender claims indemnification from the Borrower under Clause 12.3 (Tax indemnity) or Clause 13 (Increased costs), the Borrower may, whilst the circumstance giving rise to the requirement for indemnification continues, give the Agent notice of cancellation of the Commitment of that Lender and its intention to procure the repayment of that Lender's participation in the Loans. 7.10.2 On receipt of a notice referred to in Clause 7.10.1 , the Commitment of that Lender shall immediately be reduced to zero. 7.10.3 On the last day of the then current Interest Period which ends after the Borrower has given notice under Clause 7.10.1 (or, if earlier, the date specified by the Borrower in that notice), the Borrower shall repay that Lender's participation in that Loan.
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Samples: Facility Agreement, Facility Agreement
Right of repayment and cancellation in relation to a single Lender. 7.10.1 10.6.1 If:
(a) any sum payable to any Lender by the Borrower an Obligor is required to be increased under Clause 12.2 clause 15.2.3 (Tax Grossgross-up); or
(b) any Lender claims indemnification from the Borrower under Clause 12.3 clause 15.3 (Tax indemnity) or Clause 13 clause 16.1 (Increased costs), the Borrower may, whilst the circumstance giving rise to the requirement for or indemnification continues, give the 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 LoansUtilisations.
7.10.2 10.6.2 On receipt of a notice referred to in Clause 7.10.1 clause 10.6.1(a) above, the Commitment of that Lender shall immediately be reduced to zero.
7.10.3 10.6.3 On the last day of the then current each Interest Period which ends after the Borrower has given notice under Clause 7.10.1 clause 10.6.1(a) above (or, if earlier, the date specified by the Borrower in that notice), the Borrower shall repay that Lender's ’s participation in that LoanUtilisation.
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Samples: Revolving Credit Facility Agreement (Mercer International Inc.)
Right of repayment and cancellation in relation to a single Lender. 7.10.1 7.3.1 If:
(a) any sum payable to any Lender by the Borrower an Obligor is required to be increased under Clause 12.2 (Tax Gross-up)clause 12.2.3; or
(b) any Lender claims indemnification from the Borrower under Clause clause 12.3 (Tax indemnity) or Clause 13 (Increased costs)clause 13, the Borrower may, whilst the circumstance giving rise to the requirement for indemnification continues, give the Facility Agent notice of cancellation of the Commitment of that Lender and its intention to procure the repayment of repay that Lender's ’s participation in the Loans.
7.10.2 7.3.2 On receipt of a notice referred to in Clause 7.10.1 clause 7.3.1, the Commitment of that Lender shall immediately be reduced to zerozero and the Total Commitments shall be reduced rateably.
7.10.3 7.3.3 On the last day of the then current Interest Period which ends first Repayment Date to occur after the Borrower has given notice under Clause 7.10.1 clause 7.3.1 (or, if earlier, the date specified by the Borrower in that notice), the Borrower shall repay that Lender's ’s participation in that Loanthe Loans.
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Right of repayment and cancellation in relation to a single Lender. 7.10.1 8.12.1 If:
(a) any sum payable to any Lender by the Borrower an Obligor is required to be increased under paragraph (c) of Clause 12.2 (Tax Gross-up)13.2; or
(b) any Lender claims indemnification from the Borrower Parent under Clause 12.3 (Tax indemnity) 13.3 or Clause 13 (Increased costs)14.1, the Borrower Parent may, whilst the circumstance giving rise to the requirement for or indemnification continues, give the Agent notice of cancellation of the Commitment of that Lender and its intention to procure the repayment of that Lender's participation in the Loans.
7.10.2 8.12.2 On receipt of a notice referred to in Clause 7.10.1 8.12.1, the Commitment of that Lender shall immediately be reduced to zero.
7.10.3 8.12.3 On the last day of the then current each Interest Period which ends after the Borrower Parent has given notice under Clause 7.10.1 8.12.1 (or, if earlier, the date specified by the Borrower Parent in that notice), the each Borrower to which a Loan is outstanding shall repay that Lender's participation in that Loan.
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