Repayment and Prepayment. 5.1 Repayment Each Drawing shall be repaid by the Borrowers to the Agent on behalf of the Banks on the last day of its Interest Period unless the Borrowers select a further Interest Period for that Drawing in accordance with Clause 6, provided that the Borrowers shall not be permitted to select such further Interest Period if an Event of Default or Potential Event of Default has occurred and shall then be obliged to repay such Drawing on the last day of its then current Interest Period. The Borrowers shall on the Termination Date repay to the Agent as agent for the Banks all Facility Outstandings.
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Samples: www.lw.com, Agreement (Teekay LNG Partners L.P.), Loan Facility Agreement (Teekay Shipping Corp)
Repayment and Prepayment. 5.1 Repayment REPAYMENT Each Drawing shall be repaid by the Borrowers Borrower to the Agent on behalf of the Banks on the last day of its Interest Period unless the Borrowers select Borrower selects a further Interest Period for that Drawing in accordance with Clause 6, provided that the Borrowers Borrower shall not be permitted to select such further Interest Period if an Event of Default or Potential Event of Default has occurred and shall then be obliged to repay such Drawing on the last day of its then current Interest Period. The Borrowers Borrower shall on the Termination Date repay to the Agent as agent for the Banks all Facility Outstandings.
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Samples: Loan Facility Agreement, Loan Facility Agreement (Teekay Offshore Partners L.P.)
Repayment and Prepayment. 5.1 Repayment Each Drawing shall be repaid by the Borrowers Borrower to the Agent on behalf of the Banks on the last day of its Interest Period unless the Borrowers select Borrower selects a further Interest Period for that Drawing in accordance with Clause 6, provided that the Borrowers Borrower shall not be permitted to select such further Interest Period if an Event of Default or Potential Event of Default has occurred and shall then be obliged to repay such Drawing on the last day of its then current Interest Period. The Borrowers Borrower shall on the Termination Date repay to the Agent as agent for the Banks all Facility Outstandings.
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