Common use of Prepayment; termination of Commitment Clause in Contracts

Prepayment; termination of Commitment. A notice under Clause 24.5 shall be irrevocable; the Agent shall promptly notify the Notifying Lender of the Borrowers’ notice of intended prepayment; and:

Appears in 23 contracts

Samples: Loan Agreement (Global Ship Lease, Inc.), Loan Agreement (Navios Maritime Containers L.P.), Loan Agreement (Navios Maritime Acquisition CORP)

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Prepayment; termination of Commitment. A notice under Clause 24.5 24.4 shall be irrevocable; the Agent shall promptly notify the Notifying Lender of the Borrowers’ Borrower’s notice of intended prepayment; and:

Appears in 23 contracts

Samples: Loan Agreement (EuroDry Ltd.), Loan Agreement (Danaos Corp), Loan Agreement (Paragon Shipping Inc.)

Prepayment; termination of Commitment. A notice under Clause 24.5 shall be irrevocable; the Agent shall promptly notify the Notifying Lender of the Borrowers’ Borrower’s notice of intended prepayment; and:

Appears in 21 contracts

Samples: Agreement (Navios Maritime Holdings Inc.), Loan Agreement (Euronav NV), Loan Agreement

Prepayment; termination of Commitment. A notice under Clause 24.5 shall be irrevocable; the Agent shall promptly notify the Notifying Lender of the Borrowers' notice of intended prepayment; and:

Appears in 17 contracts

Samples: Loan Agreement (Box Ships Inc.), Loan Agreement (Diana Shipping Inc.), Loan Agreement (Top Ships Inc.)

Prepayment; termination of Commitment. A notice under Clause 24.5 25.5 shall be irrevocable; the Agent shall promptly notify the Notifying Lender of the Borrowers’ notice of intended prepayment; and:

Appears in 13 contracts

Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.)

Prepayment; termination of Commitment. A notice under Clause 24.5 25.5 shall be irrevocable; the Agent shall promptly notify the Notifying Lender of the Borrowers’ Borrower’s notice of intended prepayment; and:

Appears in 12 contracts

Samples: Credit Agreement (Scorpio Bulkers Inc.), Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.)

Prepayment; termination of Commitment. A notice under Clause 24.5 shall be irrevocable; the Agent shall promptly notify the Notifying Lender of the Borrowers’ Borrower's notice of intended prepayment; and:

Appears in 10 contracts

Samples: Loan Agreement (Crude Carriers Corp.), Loan Agreement (Paragon Shipping Inc.), Loan Agreement

Prepayment; termination of Commitment. A notice under Clause 24.5 24.4 shall be irrevocable; the Agent shall promptly notify the Notifying Lender of the Borrowers’ Borrower's notice of intended prepayment; and:

Appears in 5 contracts

Samples: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Star Bulk Carriers Corp.), Loan Agreement (EuroDry Ltd.)

Prepayment; termination of Commitment. A notice under Clause 24.5 24.4 shall be irrevocable; the Agent shall promptly notify the Notifying Lender of the Borrowers’ notice of intended prepayment; and:

Appears in 4 contracts

Samples: Loan Agreement (EuroDry Ltd.), Agreement (Navios Maritime Holdings Inc.), Loan Agreement (Euroseas Ltd.)

Prepayment; termination of Commitment. A notice under Clause 24.5 shall be irrevocable; the Agent shall promptly notify the Notifying Lender of the Borrowers’ notice of intended prepaymentprepayment and/or intended cancellation; and:

Appears in 3 contracts

Samples: Loan Agreement (TBS International PLC), Loan Agreement (TBS International PLC), Loan Agreement (TBS International LTD)

Prepayment; termination of Commitment. A notice under Clause 24.5 (Notice of prepayment) shall be irrevocable; the Agent shall promptly notify the Notifying Lender of the Borrowers’ notice of intended prepayment; and:

Appears in 3 contracts

Samples: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Castor Maritime Inc.)

Prepayment; termination of Commitment. A notice under Clause 24.5 (Notice of prepayment) shall be irrevocable; the Agent shall promptly notify the Notifying Lender of the Borrowers’ Borrower’s notice of intended prepayment; and:

Appears in 2 contracts

Samples: Loan Agreement (EuroDry Ltd.), Loan Agreement (Navios Maritime Partners L.P.)

Prepayment; termination of Commitment. A notice under Clause 24.5 24.4 shall be irrevocable; the Facility Agent shall promptly notify the Notifying Lender of the Borrowers’ Borrower’s notice of intended prepayment; and:

Appears in 2 contracts

Samples: Loan Agreement (Capital Product Partners L.P.), Loan Agreement

Prepayment; termination of Commitment. A notice under Clause 24.5 24.4 shall be irrevocable; the Agent shall promptly notify the Notifying Lender of the Borrowers' notice of intended prepayment; and:

Appears in 2 contracts

Samples: Dynagas LNG Partners LP, Agreement (Navios Maritime Holdings Inc.)

Prepayment; termination of Commitment. A notice under Clause 24.5 shall be irrevocable; the Facility Agent shall promptly notify the Notifying Lender of the Borrowers’ (or each relevant Affected Borrower’s) notice of intended prepayment; and:

Appears in 2 contracts

Samples: Loan Agreement (Capital Product Partners L.P.), Loan Agreement (Capital Product Partners L.P.)

Prepayment; termination of Commitment. A notice under Clause 24.5 25.4 shall be irrevocable; the Agent shall promptly notify the Notifying Lender of the Borrowers’ Borrower’s notice of intended prepayment; and:

Appears in 2 contracts

Samples: Loan Agreement (Danaos Corp), Loan Agreement (Tsakos Energy Navigation LTD)

Prepayment; termination of Commitment. A notice under Clause 24.5 24.6 shall be irrevocable; the Agent shall promptly notify the Notifying Lender of the Borrowers’ notice of intended prepayment; and:

Appears in 2 contracts

Samples: Loan Agreement (Costamare Partners LP), Loan Agreement (Costamare Partners LP)

Prepayment; termination of Commitment. A notice under Clause 24.5 (Notice of prepayment; cancellation) shall be irrevocable; the Agent shall promptly notify the Notifying Lender of the Borrowers’ Borrower’s notice of intended prepaymentprepayment and/or cancellation; and:

Appears in 2 contracts

Samples: Agreement (Navios Maritime Partners L.P.), Agreement (Navios Maritime Partners L.P.)

Prepayment; termination of Commitment. A notice under Clause 24.5 shall be irrevocable; the Facility Agent shall promptly notify the Notifying Lender of the Borrowers’ Borrower’s notice of intended prepayment; and:

Appears in 2 contracts

Samples: Loan Agreement (Capital Product Partners L.P.), Loan Agreement

Prepayment; termination of Commitment. A notice under Clause 24.5 22.5 (Notice of prepayment) shall be irrevocable; the Agent shall promptly notify the Notifying Relevant Lender of the Borrowers’ notice of intended prepayment; and:

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Partners L.P.)

Prepayment; termination of Commitment. A notice of prepayment under Clause 24.5 shall be irrevocable; the Agent shall promptly notify the Notifying Lender of the Borrowers’ Borrower’s notice of intended prepayment; and:

Appears in 1 contract

Samples: Loan Agreement (Britannia Bulk Holdings Inc)

Prepayment; termination of Commitment. A notice under Clause 24.5 24A shall be irrevocable; the Agent shall promptly notify the Notifying Lender of the Borrowers’ Borrower's notice of intended prepayment; and:

Appears in 1 contract

Samples: Agreement (Star Bulk Carriers Corp.)

Prepayment; termination of Commitment. A notice of prepayment under Clause 24.5 (Notice of prepayment) shall be irrevocable; the Agent shall promptly notify the Notifying Lender of the Borrowers’ notice of intended prepayment; and:

Appears in 1 contract

Samples: Loan Agreement (Euronav NV)

Prepayment; termination of Commitment. A notice under Clause 24.5 25.5 shall be irrevocable; the Agent shall promptly notify the Notifying Lender of the Borrowers' notice of intended prepayment; and:

Appears in 1 contract

Samples: Loan Agreement (Scorpio Bulkers Inc.)

Prepayment; termination of Commitment. A notice under Clause 24.5 (Notice of prepayment; cancellation) shall be irrevocable; the Agent shall promptly notify the Notifying Lender of the Borrowers’ notice of intended prepaymentprepayment and/or cancellation; and:

Appears in 1 contract

Samples: Agreement (Navios Maritime Partners L.P.)

Prepayment; termination of Commitment. A notice under Clause 24.5 29.5 shall be irrevocable; the Agent shall promptly notify the Notifying Lender of the Borrowers’ notice of intended prepayment; and:

Appears in 1 contract

Samples: Agreement (NewLead Holdings Ltd.)

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Prepayment; termination of Commitment. A notice under Clause 24.5 20.4 shall be irrevocable; the Agent shall promptly notify the Notifying Lender of the Borrowers’ notice of intended prepayment; and:

Appears in 1 contract

Samples: Loan Agreement (Alma Maritime LTD)

Prepayment; termination of Commitment. 24.6 A notice under Clause 24.5 shall be irrevocable; the Agent shall promptly notify the Notifying Lender of the Borrowers' notice of intended prepayment; and:

Appears in 1 contract

Samples: Loan Agreement (Box Ships Inc.)

Prepayment; termination of Commitment. A notice under Clause 24.5 24.6 shall be irrevocable; the Agent shall promptly notify the Notifying Lender of the Borrowers’ Borrower’s notice of intended prepayment; and:

Appears in 1 contract

Samples: Loan Agreement (Costamare Partners LP)

Prepayment; termination of Commitment. A notice under Clause 24.5 23.5 shall be irrevocable; the Agent shall promptly notify the Notifying Lender of the Borrowers’ notice of intended prepayment; and:

Appears in 1 contract

Samples: Loan Agreement (Euronav NV)

Prepayment; termination of Commitment. A notice under Clause 24.5 23.5 shall be irrevocable; the Agent shall promptly notify the Notifying Lender of the Borrowers’ Borrower’s notice of intended prepayment; and:

Appears in 1 contract

Samples: Loan Agreement (GasLog Ltd.)

Prepayment; termination of Commitment. A notice under Clause 24.5 24.4 (Notice of prepayment) shall be irrevocable; the Agent shall promptly notify the Notifying Lender of the Borrowers’ notice of intended prepayment; and:

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Partners L.P.)

Prepayment; termination of Commitment. A notice under Clause 24.5 25.5 shall be irrevocable; the Agent shall promptly notify the Notifying Lender of the Borrowers’ Borrower's notice of intended prepayment; and:

Appears in 1 contract

Samples: Loan Agreement (Scorpio Tankers Inc.)

Prepayment; termination of Commitment. A notice under Clause 24.5 Section 25.5 shall be irrevocable; the Administrative Agent shall promptly notify the Notifying Lender of the Borrowers’ Borrower’s notice of intended prepayment; and:

Appears in 1 contract

Samples: Management Agreement (Pacific Drilling S.A.)

Prepayment; termination of Commitment. A notice under Clause 24.5 26.5 shall be irrevocable; the Agent shall promptly notify the Notifying Lender of the Borrowers’ Borrower’s notice of intended prepayment; and:

Appears in 1 contract

Samples: Loan and Guarantee Facility Agreement (DryShips Inc.)

Prepayment; termination of Commitment. A notice under Clause 24.5 (Notice of Prepayment) shall be irrevocable; the Agent shall promptly notify the Notifying Lender of the Borrowers’ Borrower’s notice of intended prepayment; and:

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Acquisition Corp)

Prepayment; termination of Commitment. A notice under Clause 24.5 21.8 (Notice of prepayment) shall be irrevocable; the Agent shall promptly notify the Notifying Relevant Tax Lender of the Borrowers’ notice of intended prepayment; and:

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Partners L.P.)

Prepayment; termination of Commitment. A notice under Clause 24.5 (Notice of prepayment) shall be irrevocable; the Agent shall promptly notify the Notifying Lender of the Borrowers’ Borrower's notice of intended prepayment; and:

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

Prepayment; termination of Commitment. A notice under Clause 24.5 22.5 shall be irrevocable; the Agent shall promptly notify the Notifying Lender of the Borrowers’ Borrower’s notice of intended prepayment; and:

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

Prepayment; termination of Commitment. A notice under Clause 24.5 22.7 shall be irrevocable; the Agent shall promptly notify the Notifying Relevant Lender of the Borrowers' notice of intended prepayment; and:

Appears in 1 contract

Samples: Dynagas LNG Partners LP

Prepayment; termination of Commitment. A notice under Clause 24.5 shall be irrevocable; the Agent shall promptly notify the Notifying Lender of the Borrowers’ Borrower’s notice of intended prepaymentprepayment and/or cancellation; and:

Appears in 1 contract

Samples: Execution Version (Navios Maritime Containers Inc.)

Prepayment; termination of Commitment. A notice under Clause 24.5 shall be irrevocable; the Agent shall promptly notify the Notifying Lender of the Borrowers’ notice of intended prepaymentprepayment and/or cancellation; and:

Appears in 1 contract

Samples: Agreement (Navios Maritime Containers Inc.)

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