Common use of Mandatory Prepayment Clause in Contracts

Mandatory Prepayment. If any Prepayment Event shall occur and be continuing, the Administrative Agent, upon the direction of the Required Lenders, shall, by notice to the Borrower, require the Borrower to prepay in full on the date of such notice all principal of and interest on the Loan and all other Obligations (and, in such event, the Borrower agrees to so pay the full unpaid amount of the Loan and all accrued and unpaid interest thereon and all other Obligations).

Appears in 8 contracts

Samples: Credit Agreement (Royal Caribbean Cruises LTD), Credit Agreement (Royal Caribbean Cruises LTD), Credit Agreement (Royal Caribbean Cruises LTD)

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Mandatory Prepayment. If any Prepayment Event shall occur and be continuing, the Administrative AgentAgent shall at the request, upon or may with the direction consent, of the Required Lenders, shallLenders and Finnvera, by notice to the Borrower, Borrower require the Borrower to prepay in full on the date of such notice all principal of and interest on the Loan Loans and all other Obligations (and, in such event, the Borrower agrees to so pay the full unpaid amount of the each Loan and all accrued and unpaid interest thereon and all other Obligations).

Appears in 5 contracts

Samples: Credit Agreement (Royal Caribbean Cruises LTD), Credit Agreement (Royal Caribbean Cruises LTD), Credit Agreement (Royal Caribbean Cruises LTD)

Mandatory Prepayment. If any Prepayment Event shall occur and be continuing, the Administrative Agent, upon the direction of the Required Lenders, shall, shall by notice to the Borrower, Borrower (a) require the Borrower to prepay in full on the date of such notice all principal of and interest on the Loan Loans and all other Obligations (and, in such event, the Borrower agrees to so pay the full unpaid amount of the each Loan and all accrued and unpaid interest thereon and all other Obligations) and (b) terminate the Commitments (if not theretofore terminated).

Appears in 5 contracts

Samples: Credit Agreement (Royal Caribbean Cruises LTD), Credit Agreement (Royal Caribbean Cruises LTD), Credit Agreement (Royal Caribbean Cruises LTD)

Mandatory Prepayment. If any Prepayment Event shall occur and be continuing, the Administrative Agent, upon the direction of the Required Lenders, shall, shall by notice to the Borrower, Borrower (a) require the Borrower to prepay in full on the date of such notice all principal of and interest on the Loan Advances and all other Obligations (and, in such event, the Borrower agrees to so pay the full unpaid amount of the Loan each Advance and all accrued and unpaid interest thereon and all other Obligations) and (b) terminate the Commitments (if not theretofore terminated).

Appears in 4 contracts

Samples: Term Loan Agreement (Royal Caribbean Cruises LTD), Term Loan Agreement (Royal Caribbean Cruises LTD), Term Loan Agreement (Royal Caribbean Cruises LTD)

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Mandatory Prepayment. If any Prepayment Event shall occur and be continuing, the Administrative AgentAgent shall at the request, upon or may with the direction consent, of the Required Lenders, shallLenders and Finnvera, by notice to the Borrower, Borrower require the Borrower to prepay in full on the date of such notice all principal of and interest on the Loan Loans and all other Obligations (and, in such NYDOCS01/1357357.3 44 event, the Borrower agrees to so pay the full unpaid amount of the each Loan and all accrued and unpaid interest thereon and all other Obligations).

Appears in 1 contract

Samples: Credit Agreement (Royal Caribbean Cruises LTD)

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