Common use of Voluntary prepayment Clause in Contracts

Voluntary prepayment. The Borrower shall not be entitled to prepay the whole or any part of the Facility prior to the expiration date of the Drawdown Period. As from the date following the expiration of the Drawdown Period, the Borrower may prepay the whole or any part of the Facility, subject to the following conditions: (a) the Borrower shall notify the Lender of its intention to prepay by not less than thirty (30) Business Days’ written and irrevocable notice prior to the contemplated prepayment date; (b) the amount to be prepaid shall be equal to one or several instalment(s) in principal; (c) the contemplated prepayment date shall be a Payment Date; (d) all prepayments shall be made together with the payment of accrued interest, any fees, indemnities and related costs in connection with the prepaid amount as provided under this Agreement; (e) there is no outstanding unpaid amount; and (f) in case of a part prepayment, the Borrower shall have given evidence, satisfactory to the Lender, that it has sufficient committed funding available for the purpose of financing the Project as determined in the Financing Plan. On the Payment Date on which the prepayment is made, the Borrower shall pay the full amount of the Prepayment Indemnities due and payable pursuant to Clause 9.3 (Prepayment Indemnity)

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement

Voluntary prepayment. The Borrower shall not be entitled to prepay the whole or any part of the Facility prior to the expiration date of the Drawdown Period. As from the date following the expiration of the Drawdown Period, the Borrower may prepay the whole or any part of the Facility, subject to the following conditions: (a) the Borrower shall notify the Lender of its intention to prepay by not less than thirty (30) Business Days’ written and irrevocable notice prior to the contemplated prepayment date; (b) the amount to be prepaid shall be equal to one or several instalment(s) in principal; (c) the contemplated prepayment date shall be a Payment Date; (d) all prepayments shall be made together with the payment of accrued interest, any fees, indemnities and related costs in connection with the prepaid amount as provided under this Agreement; (e) there is no outstanding unpaid amount; and (f) in case of a part prepayment, the Borrower shall have given evidence, satisfactory to the Lender, that it has sufficient committed funding available for the purpose of financing the Project as determined in the Financing Plan. On the Payment Date on which the prepayment is made, the Borrower shall pay the full amount of the Prepayment Indemnities due and payable pursuant to Clause 9.3 (Prepayment Indemnity)

Appears in 1 contract

Samples: Kreditni Aranžman

Voluntary prepayment. The Borrower shall not be entitled to prepay the whole or any part of the Facility prior to the expiration date of the Drawdown Period. As from the date day following the expiration of the Drawdown Period, the Borrower may prepay the whole or any part of the Facility, subject to the following conditions: (a) the Borrower shall notify the Lender of its intention to prepay by not less than thirty (30) Business Days’ written and irrevocable notice prior to the contemplated prepayment date; (b) the amount to be prepaid shall be equal to one or several instalment(s) in principal; (c) the contemplated prepayment date shall be a Payment Date; (d) all prepayments shall be made together with the payment of accrued interest, any fees, indemnities and related costs in connection with the prepaid amount as provided under this Agreement; (e) there is no outstanding unpaid amount; and (f) in case of a part prepayment, the Borrower shall have given evidence, satisfactory to the Lender, that it has sufficient committed funding available for the purpose of financing the Project Operation as determined in the Financing Plan. On the Payment Date on which the prepayment is made, the Borrower shall pay the full amount of the Prepayment Indemnities due and payable pursuant to Clause 9.3 (Prepayment Indemnity).

Appears in 1 contract

Samples: Loan Agreement

Voluntary prepayment. The Borrower shall not be entitled to prepay the whole or any part of the Facility prior to the expiration date of a five years (5) period starting on the Drawdown PeriodSigning Date. As from the date following referred to in the expiration of the Drawdown Periodprevious paragraph, the Borrower may prepay the whole or any part of the Facility, subject to the following conditions: (a) the Borrower shall notify the Lender of its intention to prepay by not less than thirty (30) Business Days’ written and irrevocable notice prior to the contemplated prepayment date; (b) the amount to be prepaid shall be equal to one or several instalment(s) in principal; (c) the contemplated prepayment date shall be a Payment Date; (d) all prepayments shall be made together with the payment of accrued interest, any fees, indemnities and related costs in connection with the prepaid amount as provided under this Agreement; (e) there is no outstanding unpaid amount; and (f) in case of a part prepayment, the Borrower shall have given evidence, satisfactory to the Lender, that it has sufficient committed funding available for the purpose of financing the Project as determined in the Financing Plan. On the Payment Date on which the prepayment is made, the Borrower shall pay the full amount of the Prepayment Indemnities due and payable pursuant to Clause 9.3 (Prepayment Indemnity)

Appears in 1 contract

Samples: Loan Agreement