VOLUNTARY CANCELLATION AND PREPAYMENT Sample Clauses

VOLUNTARY CANCELLATION AND PREPAYMENT. (a) The Company may, by giving not less than 5 Business Days' prior notice to the Facility Agent, cancel the unutilised portion of the Total Commitments in whole or in part (but, if in part, in a minimum amount of (pound)10,000,000 and integral multiples of (pound)1,000,000). Any cancellation in part shall be applied against the Commitment of each Bank pro rata.
Sample 1
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VOLUNTARY CANCELLATION AND PREPAYMENT. The Borrower will be allowed to cancel without penalty in whole or in part in respect of the undrawn amount of the Facility in minimum amounts of Euro 10 million and multiples of Euro 5 million subject to 5 business days irrevocable notice to the Facility Agent. In addition amounts outstanding under the Facility may be prepaid without penalty in minimum amounts of Euro 10 million and multiples of Euro 5 million or in an amount equal to the outstanding amount of the Facility, subject to 5 business days irrevocable notice to the Facility Agent and the payment of breakage costs if applicable.
Sample 1
VOLUNTARY CANCELLATION AND PREPAYMENT. 9.1 VOLUNTARY PREPAYMENT The Borrower may at any time prepay an Advance in whole or in part (in a minimum amount of Euro5,000,000 and in integral multiples of Euro5,000,000), without penalty but together with all accrued interest and any Breakage Costs and other amounts in respect of such Advance (including under Clause 17 (INDEMNITY)) PROVIDED THAT it has given the Facility Agent not less than five (5) Business Days' notice, stating the amount of the Advance in the relevant currency to be prepaid and the date of such prepayment.
Sample 1
VOLUNTARY CANCELLATION AND PREPAYMENT. (a) The Borrower may, if it gives the Agent not less than 5 Business Days’ (or such shorter period as the Majority Lenders may agree) prior notice, cancel the whole or any part of the Facilities (but, if in part, being an amount that reduces the amount of the Facilities by a minimum amount of £2,500,000 and an integral multiple of £250,000 thereafter).
Sample 1
VOLUNTARY CANCELLATION AND PREPAYMENT 
Sample 1

Related to VOLUNTARY CANCELLATION AND PREPAYMENT

  • Voluntary cancellation The Company may, if it gives the Agent not less than three Business Days' prior written notice (or such shorter period as the Majority Lenders may agree), cancel the whole or any part (being a minimum amount of EUR 5,000,000) of the Available Facility. Any cancellation under this Clause 9.3 shall reduce the Commitments of the Lenders rateably under the Facility.

  • Repayment Prepayment and Cancellation 6 REPAYMENT

  • Prepayment and Cancellation 8.1 Mandatory prepayment - illegality

  • Redemption and Prepayment Section 3.01

  • Allocation of Prepayments Before any optional or mandatory prepayment of Borrowings hereunder, the Borrower shall select the Borrowing or Borrowings to be prepaid and shall specify such selection in the notice of such prepayment pursuant to Section 2.10(f).

  • Voluntary prepayment of Loan (a) The Borrowers may, if they give the Facility Agent not less than 15 Business Days’ (or such shorter period as the Majority Lenders may agree) prior notice, prepay the whole or any part of the Loan (but, if in part, being an amount that reduces the amount of the Loan by a minimum amount of $500,000 or a multiple of that amount).

  • Voluntary Prepayments (a) The Borrower may, upon notice from the Borrower to the Administrative Agent, at any time or from time to time voluntarily prepay any Term Loan in whole or in part without premium or penalty (other than as set forth in clause (b) below); provided that (A) such notice must be received by the Administrative Agent not later than 11:00 a.m. (1) three Business Days prior to any date of prepayment of Eurodollar Rate Loans and (2) on the date of prepayment of Base Rate Loans and LIBOR Daily Floating Rate Loans; (B) any such prepayment of Eurodollar Rate Loans shall be in a principal amount of $1,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding); (C) any such prepayment of LIBOR Daily Floating Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding); and (D) any prepayment of Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding). Each such notice shall specify the date and amount of such prepayment, the tranche of Terms Loans to be prepaid and the Type(s) of Term Loans to be prepaid. The Administrative Agent will promptly notify each applicable Lender of its receipt of each such notice, and of the amount of such Lender’s Applicable Percentage of such prepayment. If such notice is given by the Borrower, the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any prepayment of a Eurodollar Rate Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05. Subject to Section 2.15, each such prepayment shall be applied to the applicable Term Loans of the Lenders in accordance with their respective Applicable Percentages.

  • Voluntary Prepayment Subject to the following conditions, the Borrower may prepay the whole or any part of the Loan on the last day of an Interest Period.

  • Application of Voluntary Prepayments Unless otherwise provided in this Section 2.12 or elsewhere in any Loan Document, all payments and any other amounts received by the Administrative Agent from or for the benefit of the Borrower shall be applied to repay the Obligations the Borrower designates.

  • Repayment and Prepayment 5.1 The Borrower shall repay the Loan Amount together with all interest accrued thereon and all other amounts due from the Borrower hereunder on the Final Repayment Date, whereupon this Agreement shall be terminated.

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