Voluntary prepayment and cancellation. (a) If the Owner is, or will be, required to pay to a Lender a Tax Payment or an Increased Cost, the Owner may, while the requirement continues, give notice to the Facility Agent requesting prepayment and cancellation in respect of that Lender.
Voluntary prepayment and cancellation. (a) The Borrower may, subject to a handling fee of USD 7,500.- (for Loan A payable to Eksportfinans) from and including the Business Day falling two (2) years after the Drawdown Date for the Loans, by giving not less than twenty (20) Business Days prior written notice to the Agent, prepay the Loans in whole or in part on any Business Day subject to Break Costs, if any in an amount being a minimum of USD 10,000,000.- and an integral multiple of USD 10,000,000.- in each case.
Voluntary prepayment and cancellation. 8.2.1 The Applicant may prepay or cancel all or part of the Loan, provided that the Applicant has given LTA TF at least ten Business Days’ notice in writing of its intention to prepay or cancel.
Voluntary prepayment and cancellation. (a) Subject to the proviso below, the Borrower may, if it gives the Facility Agent not less than ten (10) Business Days’ (or such shorter period as the Majority Lenders may agree) prior written notice, prepay and/or cancel the whole or any part of the Term Facilities, the Loans under the Term Facilities or the Available Commitments for the Term Facilities (but if in part, being an amount that reduces the amount of the Term Facilities in aggregate by a minimum amount of five million dollars ($5,000,000) or in full, provided that, (unless it is a cancellation in respect of the Mooring Tranche after the date of the Mooring Declaration (as defined in the Charter)) or in respect of the K-sure Facility after the Borrower has been notified that any of the events in clause 9.10 (K-Sure Policy) apply) if there are any Loans or Letter of Credit outstanding and Final Acceptance has not occurred, before the Borrower may cancel any part of the Available Commitments of the Term Facilities, it is required to demonstrate to the satisfaction of the Majority Lenders (acting on the advice of the Technical Adviser) that, after such cancellation, it has sufficient funds available to cover all projected Project Costs to achieve Final Acceptance by the earlier of (i) the Cancellation Date and (ii) 18 March 2015.
Voluntary prepayment and cancellation. (a) The Borrower may, by giving not less than ten (10) Business Days prior written notice to the Agent, prepay the Loan in whole or in part on any Business Day subject to Break Costs, if any in an amount being a minimum of USD 5,000,000.- and an integral multiple of USD 1,000,000.- in each case.
Voluntary prepayment and cancellation. Voluntary prepayment Subject to Clause 7.3.6 (Application) below and Clause 14 (Payments by the Obligors) in the Common Terms Agreement, the Borrower may, by giving the Agent not less than three (3) Business Days prior written notice, prepay the whole or any part of the Commercial Facility Loan without premium or penalty (but if in part, in a minimum amount of USD 1,000,000 (or such lesser amount as consented to by the Agent) or in integral multiples of USD 1,000,000).
Voluntary prepayment and cancellation. Voluntary prepayment Subject to Clause 7.3.6 (Application) below, and subject to approval from the ECA Lenders, K-sure and/or GIEK (as relevant) a Borrower may, by giving the Agent not less than thirty (30) calendar days prior written notice, prepay the whole or any part of the Facility (but if in part, in a minimum amount of USD five million (5,000,000) or in integral multiples of USD five million (5,000,000) across the Facilities). The Borrowers may not make any prepayment of a Tranche relating to only one Drillship, unless the remaining Tranche relates to a Drillship which is employed on a Satisfactory Drilling Contract. Voluntary cancellation A Borrower may, by giving the Agent not less than thirty (30) calendar days prior written notice, permanently reduce, cancel or terminate all or part of the unutilised portions of the Facility, including the respective Tranches (but if in part, in a minimum amount of USD five million (5,000,000) or in integral multiples of USD five million (5,000,000)). If a Borrower reduces, cancels or terminates one or more Tranches pursuant to paragraph (a) above, all other Tranches relating to the same Drillship or Drillships shall be reduced, cancelled or terminated with the same pro rata amount. Terms and conditions for voluntary prepayments and cancellation Irrevocable notice A Borrower may not prepay or cancel all or part of the Loans except as expressly provided in this Agreement. Any notice of prepayment or cancellation by a Borrower under this Clause 7 shall be irrevocable and, unless a contrary indication appears in this Agreement, shall specify the date upon which the prepayment or cancellation is to be made and the amount of the prepayment or cancellation. Additional payments Upon any reduction of the Commitments under this Clause 7, the Borrowers shall repay the Loans by an amount sufficient to ensure that the total aggregate amount of the Loans shall constitute no more than the amount of the Available Commitment following the relevant reduction, such repayment to be made no later than on the day that the relevant reduction becomes effective. Any prepayment under this Agreement shall be made together with accrued interest on the amount prepaid. Any amount prepaid under the Commercial Facility, the GIEK Lender Facility and the K-sure Facility shall be made together with Break Cost pursuant to Clause 11.3 (Break Costs) below, without premium or penalty. Any amount prepaid under the KEXIM Facility shall be made togethe...
Voluntary prepayment and cancellation. 6.1Voluntary Prepayments
Voluntary prepayment and cancellation. (a) Subject to Clause 26.2(c) (Other indemnities) any Borrower may, by the Obligors' Agent giving not less than 10 days' prior notice (or such shorter period as the Majority Banks may agree) to the Facility Agent, prepay any Loan made to it in whole or in part on any day (but, if in part, in a minimum of E50,000,000 and an integral multiple of E50,000,000). Any prepayment of a Loan in part shall be applied against the participations of the Banks in that Loan pro rata.
Voluntary prepayment and cancellation. (a) If a Borrower is, or will be, required to pay to a Lender a Tax Payment or an Increased Cost, the Representative Borrower may, while the requirement continues, give notice to the Facility Agent requesting prepayment and cancellation in respect of that Lender.
