Common use of Right of repayment and Clause in Contracts

Right of repayment and. cancellation in relation to a single Lender (a) If: (i) any sum payable to any Lender by an Obligor is required to be increased under paragraph (c) of Clause 13.2 (Tax gross-up); or (ii) any Lender claims indemnification from the Borrower under Clause 13.3 (Tax indemnity) or Clause 14.1 (Increased costs), the 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 repayment of that Lender’s participation in the Loans. (b) On receipt of a notice referred to in paragraph (a) above, the Commitments of that Lender shall immediately be reduced to zero. (c) On the last day of each Interest Period which ends after the Borrower has given notice under paragraph (a) above (or, if earlier, the date specified by the Borrower in that notice), the Borrower shall repay that Lender’s participation in that Loan.

Right of repayment and. cancellation in relation to a single Lender (a) If: (i) any sum payable to any Lender by an Obligor is required to be increased under paragraph (c) of Clause 13.2 14.2 (Tax gross-up); or (ii) any Lender claims indemnification from the Borrower Company under Clause 13.3 14.3 (Tax indemnity) or Clause 14.1 15.1 (Increased costs), the Borrower may, whilst the circumstance giving rise to the requirement or 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. (b) On receipt of a notice referred to in paragraph (a) above, the Commitments Commitment of that Lender shall immediately be reduced to zero. (c) On the last day of each Interest Period which ends after the Borrower has given notice under paragraph (a) above (or, if earlier, the date specified by the Borrower in that notice), the Borrower shall repay that Lender’s participation in that each Loan.

Right of repayment and. cancellation in relation to a single Lender (a) If: (i) any sum payable to any Lender by an Obligor the Borrower is required to be increased under paragraph (c) of Clause 13.2 (Tax gross-up); or (ii) any Lender claims indemnification from the Borrower under Clause 13.3 (Tax indemnity) or Clause 14.1 (Increased costs), the Borrower may, whilst the circumstance giving rise to the requirement 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 LoansAdvances. (b) On receipt of a notice referred to in paragraph (a) above, the Commitments Commitment of that Lender shall immediately be reduced to zero. (c) On the last day of each Interest Period in respect of an Advance which ends after the Borrower has given notice under paragraph (a) above (or, if earlier, the date specified by the Borrower in that notice), the Borrower shall repay that Lender’s participation in that LoanAdvance.

Right of repayment and. cancellation in relation to a single Lender (a) If: (i) any sum payable to any Lender by an Obligor the Borrower is required to be increased under paragraph (c) of Clause 13.2 12.2 (Tax gross-up); or (ii) any Lender claims indemnification from the Borrower under Clause 13.3 12.3 (Tax indemnity) or Clause 14.1 13 (Increased costs), the 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 repayment of that Lender’s participation in the LoansLoan. (b) On receipt of a notice referred to in paragraph (a) above, the Commitments Commitment of that Lender shall immediately be reduced to zero. (c) On the last day of each the Interest Period which ends after the Borrower has given notice under paragraph (a) above (or, if earlier, the date specified by the Borrower in that notice), the Borrower shall repay that Lender’s participation in that the Loan. (d) The amount of the Repayment Instalment (if there is more than one) for each Repayment Date falling after such prepayment shall be reduced pro rata 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 an Obligor the Borrower is required to be increased under paragraph (c) of Clause 13.2 12.2 (Tax gross-up); or (ii) any Lender claims indemnification from the Borrower under Clause 13.3 12.3 (Tax indemnity) or Clause 14.1 13 (Increased costs), the Borrower may, whilst the circumstance giving rise to the requirement 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 LoansLoan. (b) On receipt of a notice referred to in paragraph (a) above, the Commitments Commitment of that Lender shall immediately be reduced to zero. (c) On the last day of each Interest Period which ends after the Borrower has given notice under paragraph (a) above (or, if earlier, the date specified by the Borrower in that notice), the Borrower shall repay that Lender’s participation in that the Loan.

Right of repayment and. cancellation in relation to a single Lender (a) If: (i) any sum payable to any Lender by an Obligor is required to be increased under paragraph (c) of Clause 13.2 14.2 (Tax gross-up); or (ii) any Lender claims indemnification from the Borrower Borrowers under Clause 13.3 14.3 (Tax indemnity) or Clause 14.1 15.1 (Increased costs), the Borrower Borrowers may, whilst the circumstance giving rise to the requirement or 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. (b) On receipt of a notice referred to in paragraph (a) above, the Commitments Commitment of that Lender shall immediately be reduced to zero. (c) On the last day of each Interest Period which ends after the Borrower has Borrowers have given notice under paragraph (a) above (or, if earlier, the date specified by the Borrower Borrowers in that notice), the each Borrower to which a Loan is outstanding shall repay that Lender’s participation in that Loan.

Right of repayment and. cancellation in relation to a single DIP Lender (a) If: (i) any sum payable to any DIP Lender by an Obligor is required to be increased under paragraph Clause 12.1 (c) of Clause 13.2 (Tax grossGross-upup for Taxes); or (ii) any DIP Lender claims indemnification from the Borrower under Clause 13.3 12.2 (Tax indemnityIndemnity) or Clause 14.1 13.1 (Increased costs), ; the Borrower may, whilst so long as the circumstance giving rise to the requirement or indemnification continues, give the DIP Agent notice of cancellation of the Commitment of that DIP Lender and its intention to procure the repayment of that DIP Lender’s participation in the Loans. (b) On receipt of a notice referred to in paragraph (a) above, the Commitments Commitment of that DIP Lender shall immediately be reduced to zero. (c) On the last day of each Interest Period which ends after the Borrower has given notice under paragraph (a) above (or, if earlier, the date specified by the Borrower in that notice), the Borrower shall repay that DIP Lender’s participation in that Loan.

Right of repayment and. cancellation in relation to a single Lender (a) If: (i) any sum payable to any Lender by an Obligor is required to be increased under paragraph (c) of Clause 13.2 14.2 (Tax gross-up); or (ii) any Lender claims indemnification from the Borrower an Obligor under Clause 13.3 14.3 (Tax indemnity) or Clause 14.1 15.1 (Increased costs), the Borrower Company 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 repayment of that Lender’s participation in the Loans. (b) On receipt of a notice referred to in paragraph (a) above, the Commitments relevant Commitment of that Lender shall immediately be reduced to zero. (c) On the last day of each Interest Period which ends after the Borrower Company has given notice under paragraph (a) above (or, if earlier, the date specified by the Borrower Company in that notice), the each Borrower shall repay that Lender’s participation in that Loanthe Loans to which such Interest Period relates.

Right of repayment and. cancellation in relation to a single Lender (a) If: (i) any sum payable to any Lender by an Obligor the Borrower is required to be increased under paragraph (c) of Clause 13.2 12.2 (Tax gross-up) or Clause 12.6 (Indirect tax); or (ii) any Lender claims indemnification from the Borrower under Clause 13.3 12.3 (Tax indemnity) or Clause 14.1 13 (Increased costsCosts), the Borrower may, whilst the circumstance giving rise to the requirement 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 Loans. (b) On receipt of a notice referred to in paragraph (a) above, the Commitments Commitment of that Lender shall immediately be reduced to zero. (c) On the last day of each the Interest Period which ends after the Borrower has given notice under paragraph (a) above (or, if earlier, the date specified by the Borrower in that notice), the Borrower shall repay that Lender’s participation in that Loan.

Right of repayment and. cancellation in relation to a single Lender (a) If: (i) any sum payable to any Lender by an Obligor is required to be increased under paragraph (c) of Clause 13.2 (Tax gross-up); or (ii) any Lender claims indemnification from the Borrower Company under Clause 13.3 (Tax indemnity) or Clause 14.1 14 (Increased costs), the Borrower Company 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 repayment of that Lender’s participation in the Loans. (b) On receipt of a notice referred to in paragraph (a) above, the Commitments Commitment of that Lender shall immediately be reduced to zero. (c) On the last day of each Interest Period which ends after the Borrower Company has given notice under paragraph (a) above (or, if earlier, the date specified by the Borrower Company in that notice), the Borrower shall repay that Lender’s participation in that any outstanding Loan.

Right of repayment and. cancellation in relation to a single Lender (a) If: (i) any sum payable to any Lender by an Obligor is required to be increased under paragraph (cClause 12.2(c) of Clause 13.2 (Tax gross-up); or (ii) any Lender claims indemnification from the Borrower under Clause 13.3 12.3 (Tax indemnity) or Clause 14.1 13.1 (Increased costs), the Borrower may, whilst the circumstance giving rise to the requirement or 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. (b) On receipt of a notice referred to in paragraph (a) aboveClause 7.5(a), the Commitments Commitment of that Lender shall immediately be reduced to zero. (c) On the last day of each Interest Period which ends after the Borrower has given notice under paragraph (aClause 7.5(a) above (or, if earlier, the date specified by the Borrower in that notice), the Borrower shall repay that Lender’s participation in that Loan.

Right of repayment and. cancellation in relation to a single Lender (a) If: (i) any sum payable to any Lender by an Obligor the Borrower is required to be increased under paragraph (c) of Clause 13.2 12.2 (Tax gross-up); or (ii) any Lender claims indemnification from the Borrower under Clause 13.3 12.3 (Tax indemnity) or Clause 14.1 13 (Increased costsCosts), the 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 repayment of that Lender’s participation in the Loans. (b) On receipt of a notice referred to in paragraph (a) above, the Commitments Commitment of that Lender shall immediately be reduced to zero. (c) On the last day of each any Interest Period which ends after the Borrower has given notice under paragraph (a) above (or, if earlier, the date specified by the Borrower in that notice), the Borrower shall repay that Lender’s participation in the Loans together with accrued interest and all other amounts outstanding under the Finance Documents which are owed to that LoanLender.