Common use of Waivable Voluntary Repayment Clause in Contracts

Waivable Voluntary Repayment. In relation to any repayment made pursuant to Clause 12.1 (Voluntary Prepayment) in respect of a Term Facility Advance and without prejudice to paragraph (a) above, which is required to be applied to C Facility Advances, if on or prior to the date of the respective voluntary repayment pursuant to this Clause 12, the Borrower has given the Agent written notification that it has elected to give each Lender with C Facility Outstandings the right to waive such Lender’s rights to receive such repayment (the “Waivable Voluntary Repayment”) the Agent shall notify such Lenders of such receipt and the amount of the repayments to be applied to each such Lender’s Proportion of C Facility Outstandings, provided that in no event shall the aggregate amount of any Waivable Voluntary Repayment exceed the aggregate principal amount of Term Facility Outstandings (excluding C Facility Outstandings) after giving effect to any applications of payments (other than any reallocation of the respective Waivable Voluntary Repayment pursuant to this sub-paragraph (b)) to such other Term Facility Outstandings as a result of the repayments then being made pursuant to this Clause 12.

Appears in 2 contracts

Samples: Conformed Copy (Buhrmann Nv), Senior Facilities Agreement (Moore Labels Inc)

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Waivable Voluntary Repayment. In relation to any repayment made pursuant to Clause 12.1 (Voluntary Prepayment) in respect of a Term Facility Advance and without prejudice to paragraph (a) above, which is required to be applied to C B Facility Advances, if on or prior to the date of the respective voluntary repayment pursuant to this Clause 12, the Borrower has given the Agent written notification that it has elected to give each Lender with C B Facility Outstandings the right to waive such Lender’s rights to receive such repayment (the “Waivable Voluntary Repayment”) the Agent shall notify such Lenders of such receipt and the amount of the repayments to be applied to each such Lender’s Proportion of C B Facility Outstandings, provided that in no event shall the aggregate amount of any Waivable Voluntary Repayment exceed the aggregate principal amount of Term Facility Outstandings (excluding C B Facility Outstandings) after giving effect to any applications of payments (other than any reallocation of the respective Waivable Voluntary Repayment pursuant to this sub-paragraph (b)) to such other Term Facility Outstandings as a result of the repayments then being made pursuant to this Clause 12.

Appears in 1 contract

Samples: Senior Facilities Agreement (Buhrmann Nv)

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Waivable Voluntary Repayment. In relation to any repayment made pursuant to Clause 12.1 (Voluntary Prepayment) in respect of a Term Facility Advance and without prejudice to paragraph (a) above, which is required to be applied to C D Facility Advances, if on or prior to the date of the respective voluntary repayment pursuant to this Clause 12, the Existing Borrower has given the Agent written notification that it has elected to give each Lender with C D Facility Outstandings the right to waive such Lender’s rights to receive such repayment (the “Waivable Voluntary Repayment”) the Agent shall notify such Lenders of such receipt and the amount of the repayments to be applied to each such Lender’s Proportion of C D Facility Outstandings, provided that in no event shall the aggregate amount of any Waivable Voluntary Repayment exceed the aggregate principal amount of Term Facility Outstandings (excluding C D Facility Outstandings) after giving effect to any applications of payments (other than any reallocation of the respective Waivable Voluntary Repayment pursuant to this sub-paragraph (b)) to such other Term Facility Outstandings as a result of the repayments then being made pursuant to this Clause 12.

Appears in 1 contract

Samples: Senior Facilities Agreement (Corporate Express N.V.)

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