Common use of CANCELLATION Clause in Contracts

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. (a) If an Accepted Tranche which is a Fixed Rate Tranche is cancelled: (i) by the Borrower pursuant to Article 1.6.A; ; or (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)(iv1.6.B(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 Articles 1.5 and 1.6

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

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)(iv1.6.B(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