Common use of Voluntary prepayment of Loans Clause in Contracts

Voluntary prepayment of Loans. 7.9.1 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 written notice, prepay the whole or any part of any Loan (but, if in part, being an amount that reduces the amount of that Loan by a minimum amount of USD10,000,000 and, if more, in multiples of USD1,000,000). 7.9.2 A Loan may only be prepaid after the first day on which the Available Facility is zero. 7.9.3 Any prepayment under this Clause 7.9 shall satisfy the obligations under Clause 6.1 (Repayment of Loans) in inverse order of maturity.

Appears in 4 contracts

Samples: Facility Agreement, Facility Agreement, Facility Agreement (Hoegh LNG Partners LP)

AutoNDA by SimpleDocs

Voluntary prepayment of Loans. 7.9.1 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 written notice, prepay the whole or any part of any Loan (but, if in part, being an amount that reduces the amount of that Loan by a minimum amount of USD10,000,000 and, if more, in multiples of USD1,000,000). 7.9.2 A Loan may only be prepaid after the first day on which the Available Facility is zero. 7.9.3 Any prepayment under this Clause 7.9 shall satisfy the obligations under Clause 6.1 (Repayment of Loans) in inverse order of maturity.

Appears in 2 contracts

Samples: Facility Agreement (Hoegh LNG Partners LP), Facility Agreement (Hoegh LNG Partners LP)

AutoNDA by SimpleDocs

Voluntary prepayment of Loans. 7.9.1 The 7.5.1 A Borrower to which a Loan has been made may, if it gives the Agent not less than 5 three Business Days' ’ (or such shorter period as the Majority Lenders may agree) prior written notice, prepay the whole or any part of any Loan (but, if in part, being an amount that reduces the amount of that Loan by a minimum amount of USD10,000,000 and, if more, in multiples of USD1,000,000)Loan. 7.9.2 7.5.2 A Loan may only be prepaid after the first last day of the Availability Period (or, if earlier, the day on which the Total Available Facility is Commitments are reduced to zero). 7.9.3 7.5.3 Any prepayment under this Clause 7.9 7.5 (Voluntary prepayment of Loans) shall satisfy the obligations under Clause 6.1 6.2 (Repayment of Loans) in inverse the order of maturitymaturity specified therein.

Appears in 1 contract

Samples: Junior Facility Agreement (Endeavour International Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!