Common use of Time of prepayment and cancellation Clause in Contracts

Time of prepayment and cancellation. The Borrowers shall not repay or prepay all or any part of any Rig Advance or cancel all or any part of the CEXIM Facility Commitment or the Commercial Facility Commitment except at the times and in the manner expressly provided for in this Agreement.

Appears in 2 contracts

Samples: Secured Credit Facility Agreement, Secured Credit Facility Agreement (Seadrill Partners LLC)

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Time of prepayment and cancellation. The Borrowers Borrower shall not repay or prepay all or any part of any Rig Advance or cancel all or any part of the CEXIM Facility Commitment or the Commercial Facility Commitment except at the times and in the manner expressly provided for in this Agreement.

Appears in 1 contract

Samples: China Eca Facility Framework Agreement (Seadrill Partners LLC)

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Time of prepayment and cancellation. The Borrowers No Borrower shall not repay or prepay all or any part of any Rig Advance made to it or cancel all or any part of the CEXIM Facility Commitment or the Commercial Facility Commitment except at the times and in the manner expressly provided for in this Agreement.

Appears in 1 contract

Samples: China Eca Facility Framework Agreement (Seadrill Partners LLC)

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