Common use of Time of prepayment and cancellation Clause in Contracts

Time of prepayment and cancellation. The Borrower shall not repay or prepay all or any part of any Loan or cancel all or any part of the Commitments except at the times and in the manner expressly provided for in this Agreement No amount of the Total Commitments cancelled under this Agreement may subsequently be reinstated

Appears in 1 contract

Samples: Revolving Credit Facility Agreement (Nordic American Tanker Shipping LTD)

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Time of prepayment and cancellation. The Borrower shall not repay or prepay all or any part of any the Loan or cancel all or any part of the Commitments Tranches except at the times and in the manner expressly provided for in this Agreement No amount of the Total Commitments cancelled under this Agreement may subsequently be reinstatedAgreement.

Appears in 1 contract

Samples: Long Term Facility Agreement (General Geophysics Co)

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