Voluntary prepayment of Utilisations. A Borrower to which a Utilisation has been made may, if it or the Company gives the Agent not less than five (5) Business Days’ (or such shorter period as the Majority Lenders may agree) prior notice, prepay the whole or any part of a Utilisation (but if in part, being an amount that reduces the Base Currency Amount of the Utilisation by a minimum amount of USD 1,000,000 (or its equivalent in other currencies)).
Voluntary prepayment of Utilisations. (a) The Company may, subject to paragraph (c) below, if it gives the Agent not less than 10 days’ (or such shorter period as the Majority Lenders may agree) prior notice, prepay the whole or any part of any Utilisation (but, if in part, being an amount that reduces that Loan by a minimum amount of US$10,000,000 (or less if the aggregate amount of all Loans then is less than US$10,000,000) or in higher integral multiples of US$5,000,000).
(b) A Utilisation may only be prepaid after the last day of the Availability Period (or, if earlier, the day on which the Available Facility is zero).
(c) Any notice of prepayment given by the Company under paragraph (a) above shall only be valid if accompanied by evidence satisfactory to the Agent (acting reasonably) that all Authorisations necessary or desirable in connection with the proposed prepayment have been obtained and are in full force and effect.
Voluntary prepayment of Utilisations. The Borrower may, if it or the Company gives the Agent not less than 5 Business Days’ (or such shorter period as the Majority Lenders may agree) prior notice, prepay the whole or any part of the Utilisation (but if in part, being an amount that reduces the Utilisation by a minimum amount of $1,000,000) or, where the prepayment is made at the same time as an equivalent amount of the Facility is permanently reduced, in the order set out in Clause 14.3 (Application of mandatory prepayments) (assuming for this purpose that the prepayment was required by Clause 14.2 and that no Lender has declined the prepayment), as applicable.
Voluntary prepayment of Utilisations. (a) A Borrower to which a Utilisation has been made may, if it or the Parent gives the Agent not less than three (3) Business Days (or such shorter period as the Agent (acting on the instructions of the Majority Lenders) may agree) prior notice, prepay the whole or any part of that Utilisation (but, if in part, being an amount that reduces the Base Currency Amount of that Utilisation by a minimum amount of EUR 500,000 (or its equivalent) and an integral multiple of EUR 500,000 (or its equivalent)).
(b) The Parent or a Borrower may elect to apply a prepayment made under this Clause 11.4 against any or all of the Loans in such proportions as it selects in its sole discretion.
Voluntary prepayment of Utilisations. (a) A Borrower to which a Utilisation has been made may, if it or the Company gives the Agent not less than five RFR Banking Days’ (or such shorter period of at least three RFR Banking Days as the Majority Lenders may agree) prior notice, prepay the whole or any party of any Loan (but, if in part, being an amount that reduces the Base Currency Amount of the Loan by a minimum amount of £1,000,000), provided that otherwise than where such prepayment is made on (A) on the last day of an Interest Period, (B) the applicable Termination Date for the relevant Facility and/or (C) the date the relevant Facility is repaid and cancelled in full, there may be no more than four voluntary prepayments made by the Borrowers in each 12-month period to prepay the whole or any part of any Loan.
(b) A Loan may only be prepaid after the last day of the Availability Period (or, if earlier, the day on which the applicable Available Facility is zero).
Voluntary prepayment of Utilisations. (a) The Borrower may, if it gives the Facility Agent not less than three (3) Business Days’ (or such shorter period as the Majority Lenders may agree) prior notice, prepay the whole or any part of any Utilisation (but, if in part, being an amount the reduces the amount of that Utilisation by a minimum amount of US$ 10,000,000).
(b) A Utilisation may only be prepaid after the last day of the Availability Period (or, if earlier, the day on which the Available Bridge Facility is zero).
Voluntary prepayment of Utilisations. A Borrower to which a Utilisation has been made may, if it or the Company gives the Agent not less than 5 Business Days’ (or such shorter period as the Majority Lenders may agree) prior notice, prepay the whole or any part of the Utilisation (but if in part, being an amount that reduces the Base Currency Amount of the Utilisation by a minimum amount of £1,000,000) provided that such prepayment is made in accordance with Clause 5.8 (Allocation between Facilities) or, where the prepayment is made at the same time as an equivalent amount of the relevant Facility is permanently reduced, in the order set out in Clause 14.3 (Application of prepayments) (assuming for this purpose that the prepayment was required by Clause 14.2 and that no Lender has declined the prepayment), as applicable.
Voluntary prepayment of Utilisations. The Company may, if it gives the Bank not less than five Business Days' (or such shorter period as the Bank may agree) prior notice, return the Letter of Credit for cancellation as a whole or in part (but, if in part, being an amount that reduces the amount of the Letter of Credit by a minimum of US$5,000,000 or a higher integral multiple of US$1,000,000).
Voluntary prepayment of Utilisations. (a) The Borrower may prepay an Advance in whole or in part (but, if in part, by a minimum of AUD 100,000 and in multiples of AUD 100,000 or such other amounts agreed by the Financier) on giving not less than 5 Business Days’ prior notice to the Financier.
(b) The Borrower may prepay a Letter of Credit on giving not less than 3 Business Days’ prior notice to the Financier. For the avoidance of doubt, clause 1.2(a) describes the manner in which a Letter of Credit may be prepaid for the purposes of this agreement and any prepayment of a Letter of Credit will be effected in that manner.
(c) The Borrower may prepay an Overdraft Utilisation in whole or in part at any time and from time to time in accordance with the Financier’s standard terms for the utilisation of overdraft facilities.
(d) Any notice under clause 6.2(a) or 6.2(b) will be irrevocable and must be signed by an Authorised Officer of the Borrower, specify the date on which the prepayment is to occur and the amount of the prepayment. The Borrower is bound to prepay in accordance with the notice.
(e) The Borrower may not voluntarily prepay any Utilisation except in accordance with this clause 6.2.
(f) Amounts prepaid under this clause 6.2 may, subject to the terms of this agreement, be re-utilised.
(g) Subject to clause 6.2(h), the Borrower will on demand by the Financier indemnify the Financier for any loss, cost or expenses which the Financier may sustain or incur as a consequence of receiving a prepayment of an Advance, or any part of it, under this agreement on a date other than the last day of the Interest Period for that Advance.
(h) The Borrower will, within 2 Business Days of demand by the Financier, pay any break costs incurred by the Financier (including because of the cancellation, termination or alteration of any swap or other arrangement, or any liquidation or re-employment of deposits or other funds acquired by the Financier to fund the Advance) attributable to all or any part of an Advance being prepaid by the Borrower on a date other than the last day of the Interest Period for that Advance.
(i) Any prepayment of any Advance or Letter of Credit under this clause 6.2 will be made together with interest and fees accrued on the amount prepaid and any amount required to be paid in accordance with clause 6.2(g) or 6.2(h) but otherwise without premium or penalty.
Voluntary prepayment of Utilisations. 7.3.1 The Borrowers may prepay the whole or any part of a Utilisation (but, if in part, being an amount that reduces that Utilisation by a minimum amount of $416,666 an amount which is an integral multiple of $416,666) subject the following condition: they give the Agent not less than three (3) RFR Banking Days' (or such shorter period as the Majority Lenders and the Agent may agree) prior written notice.
7.3.2 If a Borrower fully prepays the Utilisations that correspond to the Indebtedness of that Borrower for the relevant Vessel, the relevant Vessel's mortgage shall be discharged, and the respective Borrower and the respective Managers shall be released from all obligations under this Agreement and the relevant Manager's Undertaking(s), provided that: (a) no Event of Default has occurred and (b) the aggregate Market Value of the remaining Vessel is at least 135% of the outstanding Utilisations following such prepayment.
