Additional Prepayment. If an Event of Default of Potential Event of Default has occurred and is continuing at the Sale Completion Date or the Total Loss Receipt Date, the Lender shall, without prejudice to its other rights under the Finance Documents, be permitted to require an amount greater than the relevant proportion, as the Lender may determine, to be applied in or towards prepayment of the Loan.
Appears in 3 contracts
Sources: Loan Agreement (Arlington Tankers Ltd.), Loan Agreement (General Maritime Corp / MI), Loan Agreement (Arlington Tankers Ltd.)