Common use of Cancellation and Prepayment Clause in Contracts

Cancellation and Prepayment. If a Lender delivers a notice of illegality, the Commitments of that Lender will be cancelled on the date of that notice. Each Borrower agrees to repay the participation of that Lender in each Advance on the last day of the Interest Period of that Advance during which the notice is received, unless that Lender certifies that, because of a legal requirement applicable to that Lender, it must be repaid earlier. In this event the Borrowers agree to repay the participation on the earlier date (or dates) specified by the Lender. Clause 11.8 applies to any cancellation or repayment under this sub-Clause.

Cancellation and Prepayment. If a Lender delivers a notice of illegality, illegality the Commitments Commitment of that Lender will be cancelled on the date of that notice. Each The Borrower agrees to repay the participation of that Lender in each Advance the Loan on the last day of the Interest Period of that Advance during which the notice is received, unless that the Lender certifies that, because of a legal requirement applicable to that the Lender, it must be repaid earlier. In this event the Borrowers agree Borrower agrees to repay the participation on the earlier date (or dates) specified by the Lender. Clause 11.8 9.6 applies to any cancellation or repayment under this sub-Clauseclause.

Cancellation and Prepayment. If a Lender delivers a notice of illegality, illegality the Commitments Commitment of that Lender will be cancelled on the date of that notice. Each The Borrower agrees to repay the participation of that Lender in each Advance on the last day of the Interest Period Term of that Advance during which the notice is received, unless that Lender certifies that, because of a legal requirement applicable to that Lender, it must be repaid earlier. In this event the Borrowers agree Borrower agrees to repay the participation on the earlier date (or dates) specified by the Lender. Clause 11.8 11.9 applies to any cancellation or repayment under this sub-Clauseclause.

Cancellation and Prepayment. If a Lender delivers a notice of illegality, the Commitments of that Lender will be cancelled on the date of that notice. Each Borrower agrees to repay the participation of that Lender in each Advance on the last day of the Interest Period of that Advance during which the notice is received, unless that Lender certifies that, because of a legal requirement applicable to that Lender, it must be repaid earlier. In this event the Borrowers agree to repay the participation on the earlier date (or dates) specified by the Lender. Clause 11.8 11.6 applies to any cancellation or repayment under this sub-Clause.