CANCELLATION. (a) If pursuant to Article 1.6.A, the Borrower cancels:
CANCELLATION. (a) If an Accepted Tranche which is a Fixed Rate Tranche (the "Cancelled Tranche") is cancelled:
(i) by the Borrower pursuant to Article 1.6.A; or (ii) by the Bank upon an Indemnifiable Prepayment Event or an event or circumstance which would (with the passage of time or the giving of notice or the making of any determination under this Contract or any combination of the foregoing) constitute an Indemnifiable Prepayment Event or upon the occurrence of a Material Adverse Change or pursuant to Article 1.5.B, the Borrower shall pay to the Bank an indemnity on such Cancelled Tranche.
(b) Such indemnity shall be:
(i) calculated assuming that the Cancelled Tranche had been disbursed and repaid on the same Scheduled Disbursement Date or, to the extent the disbursement of the Tranche is currently deferred or suspended, on the date of the cancellation notice; and (ii) in the amount communicated by the Bank to the Borrower as the present value (calculated as of the date of cancellation) of the excess, if any, of:
(1) the interest that would accrue thereafter on the Cancelled Tranche over the period from the date of cancellation pursuant to this Article 1.6.C(2), to the Interest Revision/Conversion Date, if any, or the Maturity Date, if it were not cancelled; over (2) the interest that would so accrue over that period, if it were calculated at the Redeployment Rate, less 0.19% (nineteen basis) points. The said present value shall be calculated at a discount rate equal to the Redeployment Rate applied as of each relevant Payment Date of the applicable Tranche.
(c) If the Bank cancels an Accepted Tranche upon the occurrence of an Event of Default, the Borrower shall indemnify the Bank in accordance with Article 10.3.
CANCELLATION. (a) If an Accepted Tranche which is a Fixed Rate Tranche is cancelled:
(i) by the Borrower pursuant to Article 1.6.A;
(ii) by the Bank upon an Indemnifiable Prepayment Event or upon the occurrence of a Material Adverse Change or pursuant to Article 1.5.B or Article 1.6.B(a)(iv), the Borrower shall pay to the Bank the Prepayment Indemnity. The Prepayment Indemnity shall be calculated as if the cancelled amount had been disbursed and repaid on the Scheduled Disbursement Date or, to the extent that the disbursement of the Tranche is currently deferred or suspended, on the date of the cancellation notice.
(b) If the Bank cancels an Accepted Tranche upon the occurrence of an Event of Default, the Borrower shall indemnify the Bank in accordance with Article 10.3.
(c) Save in the cases (a) or (b) above, no indemnity is payable upon cancellation of a Tranche.
CANCELLATION. If pursuant to Article 1.06A, the Borrower cancels:
(a) a Fixed Rate Tranche which is a Notified Tranche, it shall indemnify the Bank under Article 4.02B;
(b) a Floating Rate Tranche which is a Notified Tranche or any part of the Credit other than a Notified Tranche, no indemnity is payable. If the Bank cancels:
(a) a Fixed Rate Tranche which is a Notified Tranche upon an Indemnifiable Prepayment Event or pursuant to Article 1.05B, the Borrower shall pay to the Bank the Prepayment Indemnity; or
(b) a Notified Tranche upon an Event of Default, the Borrower shall indemnify the Bank under Article 10.03. Save in these cases, no indemnity is payable upon cancellation of a Tranche by the Bank. The indemnity shall be calculated as if the cancelled amount had been disbursed and repaid on the Scheduled Disbursement Date or, to the extent that the disbursement of the Tranche is currently deferred or suspended, on the date of the cancellation notice.
CANCELLATION. If pursuant to Article 1.06A, the Borrower cancels:
(a) a Fixed Rate Tranche which is a Notified Tranche, it shall indemnify the Bank under Article 4.02B;
(b) a Floating Rate Tranche which is a Notified Tranche or any part of the Credit other than a Notified Tranche, no indemnity is payable. If the Bank cancels
CANCELLATION. If pursuant to Article 1.6.A, the Borrower cancels:
CANCELLATION. (a) If a Notified Tranche which is a Fixed Rate Tranche (the “Cancelled Tranche”) is cancelled:
CANCELLATION. (a) If an Accepted Tranche which is a Fixed Rate Tranche is cancelled:
(i) by the Borrower pursuant to Article 1.6.A;
CANCELLATION. (a) If an Accepted Tranche which is a Fixed Rate Tranche is cancelled:
(i) by the Borrower pursuant to Article 1.6.A;
(ii) by the Bank upon an Indemnifiable Prepayment Event or upon the occurrence of a Material Adverse Change or pursuant to Article 1.5.B or Article 1.6.B(a)(iv), the Borrower shall pay to the Bank the Prepayment Indemnity. The Prepayment Indemnity shall be calculated as if the cancelled amount had been disbursed and repaid on the Scheduled Disbursement Date or, to the extent that the disbursement of the Tranche is currently deferred or suspended, on the date of the cancellation notice.
(b) If the Bank cancels an Accepted Tranche upon the occurrence of an Event of Default, the Borrower shall indemnify the Bank in accordance with Article 10.3.
(c) Save in the cases (a) or (b) above, no indemnity is payable upon cancellation of a Tranche.
1.7 Cancellation after Final Availability Date
1.8 Sums due under Article 1.5 and 1.6
ARTICLE 2 The Loan
2.1 Amount of Loan
2.2 Currency of repayment, interest and other charges
2.3 Confirmation by the Bank
ARTICLE 3 Interest
3.1 Rate of interest
3.2 Interest on overdue sums
(a) for overdue sums related to Floating Rate Tranches, the applicable Floating Rate plus 2% (200 basis points); (b) for overdue sums related to Fixed Rate Tranches, the higher of (i) the applicable Fixed Rate plus 2% (200 basis points); and
CANCELLATION. If an Accepted Tranche which is a Fixed Rate Tranche (the "Cancelled Tranche") is cancelled: by the Borrower pursuant to Article 1.6.A; or by the Bank upon an Indemnifiable Prepayment Event or an event or circumstance which would (with the passage of time or the giving of notice or the making of any determination under this Contract or any combination of the foregoing) constitute an Indemnifiable Prepayment Event or upon the occurrence of a Material Adverse Change or pursuant to Article 1.5.B, the Borrower shall pay to the Bank an indemnity on such Cancelled Tranche. Such indemnity shall be: calculated assuming that the Cancelled Tranche had been disbursed and repaid on the same Scheduled Disbursement Date or, to the extent the disbursement of the Tranche is currently deferred or suspended, on the date of the cancellation notice; and in the amount communicated by the Bank to the Borrower as the present value (calculated as of the date of cancellation) of the excess, if any, of: