Common use of Prepayment; termination of Commitment Clause in Contracts

Prepayment; termination of Commitment. On the Agent notifying the Borrower under Clause 23.2, the Notifying Lender’s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s Contribution in accordance with Clause 8.

Appears in 27 contracts

Samples: Loan Agreement (Euronav NV), Loan Agreement, Loan Agreement (GasLog Ltd.)

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Prepayment; termination of Commitment. On the Agent notifying the Borrower under Clause 23.2, the Notifying Lender’s 's Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s 's notice under Clause 23.1 as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s 's Contribution in accordance with Clause 8.

Appears in 15 contracts

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

Prepayment; termination of Commitment. On the Agent notifying the Borrower Borrowers under Clause 23.2, the Notifying Lender’s 's Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s 's notice under Clause 23.1 as the date on which the notified event would become effective the Borrower Borrowers shall prepay the Notifying Lender’s 's Contribution in accordance with Clause 8.

Appears in 12 contracts

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

Prepayment; termination of Commitment. On the Agent notifying the Borrower Borrowers under Clause 23.2, the Notifying Lender’s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 as the date on which the notified event would become effective the Borrower Borrowers shall prepay the Notifying Lender’s Contribution in accordance with Clause 8.

Appears in 6 contracts

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

Prepayment; termination of Commitment. On the Agent notifying the Borrower Borrowers under Clause 23.2, the Notifying Lender’s Commitment shall terminatebe immediately cancelled; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 as the date on which the notified event would become effective the Borrower Borrowers shall prepay the Notifying Lender’s Contribution on the last day of the then current Interest Period in accordance with Clause 8Clauses 8.10 and 8.11.

Appears in 6 contracts

Samples: Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Containers L.P.), Loan Agreement (Navios Maritime Acquisition CORP)

Prepayment; termination of Commitment. On the Agent notifying the Borrower Borrowers under Clause 23.2, the relevant Notifying Lender’s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 as the date on which the notified event would become effective the Borrower Borrowers shall prepay the Notifying Lender’s Contribution in accordance with Clause 8.

Appears in 4 contracts

Samples: Loan Agreement (Poseidon Containers Holdings Corp.), Loan Agreement (Global Ship Lease, Inc.), Loan Agreement (Global Ship Lease, Inc.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower under Clause 23.221.2, the Notifying Lender’s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 21.1 as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s Contribution and shall pay compensation to the Notifying Lender calculated in accordance with Clause 816.2.

Appears in 4 contracts

Samples: Amendment and Restatement Agreement (Norwegian Cruise Line Holdings Ltd.), Amendment and Restatement Agreement (Norwegian Cruise Line Holdings Ltd.), Loan Agreement (Prestige Cruises International, Inc.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower Borrowers under Clause 23.2, the Notifying Lender’s Commitment shall terminatebe immediately cancelled; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 as the date on which the notified event would become effective the Borrower Borrowers shall prepay the Notifying Lender’s Contribution on the last day of the then current Interest Period in accordance with Clause 8.

Appears in 3 contracts

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

Prepayment; termination of Commitment. On the Agent notifying the Borrower under Clause 23.2, the Notifying Lender’s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s Contribution in accordance with Clause 88 (other than Clause 8.6).

Appears in 3 contracts

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

Prepayment; termination of Commitment. On the Agent notifying the Borrower under Clause 23.2, the Notifying Lender’s Commitment shall terminatebe immediately cancelled; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s Contribution on the last day of the then current Interest Period in accordance with Clause 8Clauses 8.10 and 8.11.

Appears in 3 contracts

Samples: Loan Agreement (Navios Maritime Acquisition CORP), Agreement (Navios Maritime Holdings Inc.), Agreement (Navios Maritime Acquisition CORP)

Prepayment; termination of Commitment. On the Agent notifying the Borrower under Clause 23.2, the Notifying Lender’s Xxxxxx's Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s Xxxxxx's notice under Clause 23.1 as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s 's Contribution in accordance with Clause 8.

Appears in 3 contracts

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

Prepayment; termination of Commitment. On the Agent notifying the Borrower under Clause 23.2, the Notifying Lender’s Commitment shall terminatebe immediately cancelled; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s Contribution on the last day of the then current Interest Period in accordance with Clause 8Clauses 8.12 and 8.13(a).

Appears in 3 contracts

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

Prepayment; termination of Commitment. On the Agent notifying the Borrower Borrowers under Clause 23.223.2 (Notification of illegality), the Notifying LenderXxxxxx’s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 (Illegality) as the date on which the notified event would become effective the Borrower Borrowers shall prepay the Notifying Lender’s Contribution in accordance with Clause 88 (Repayment and Prepayment).

Appears in 2 contracts

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

Prepayment; termination of Commitment. On the Facility Agent notifying the Borrower under Clause 23.2, the Notifying Lender’s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s Contribution in on the last day of the then current Interest Period accordance with Clause 8.

Appears in 2 contracts

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

Prepayment; termination of Commitment. On the Agent notifying the Borrower Borrowers under Clause 23.2, the Notifying Lender’s 's Commitment shall terminatebe immediately cancelled; and thereupon or, if later, on the date specified in the Notifying Lender’s 's notice under Clause 23.1 as the date on which the notified event would become effective the Borrower Borrowers shall prepay the Notifying Lender’s 's Contribution on the last day of the then current Interest Period in accordance with Clause 8Clauses 8.10 and 8.11(a).

Appears in 2 contracts

Samples: Agreement (Seanergy Maritime Holdings Corp.), Loan Agreement (Castor Maritime Inc.)

Prepayment; termination of Commitment. On the Facility Agent notifying the Borrower under Clause 23.2, the Notifying Lender’s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s Contribution in accordance with Clause 8.

Appears in 2 contracts

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

Prepayment; termination of Commitment. On the Agent notifying the Borrower Borrowers under Clause 23.2, the Notifying Lender’s Available Commitment shall terminate; and thereupon or, if later, on terminate by no later than the date specified in the Notifying Lender’s notice under Clause 23.1 as the date on which the notified event would become effective the Borrower Borrowers shall prepay the Notifying Lender’s Contribution in accordance with Clause 8.

Appears in 2 contracts

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

Prepayment; termination of Commitment. On the Agent notifying the Borrower Borrowers under Clause 23.1 and 23.2, the Notifying Lender’s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 as the date on which the notified event would become effective the Borrower Borrowers shall prepay the Notifying Lender’s Contribution in accordance with Clause 8.

Appears in 2 contracts

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

Prepayment; termination of Commitment. On the Agent notifying the Borrower under Clause 23.223.2 (Notification of illegality), the Notifying Lender’s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 (Illegality) as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s Contribution in accordance with Clause 88 (Repayment and Prepayment).

Appears in 2 contracts

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

Prepayment; termination of Commitment. On the Agent notifying the Borrower Borrowers under Clause 23.2, the Notifying Lender’s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s Contribution in accordance with Clause 8.

Appears in 2 contracts

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

Prepayment; termination of Commitment. On the Agent notifying the Borrower under Clause Xxxxxx 23.2, the Notifying Lender’s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying LenderXxxxxx’s notice under Clause 23.1 as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s Contribution in accordance with Clause 8.

Appears in 2 contracts

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

Prepayment; termination of Commitment. On the Agent notifying the Borrower under Clause 23.224.2, the Notifying Lender’s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 24.1 as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s Contribution in accordance with Clause 8, without penalty, premium or breakage costs.

Appears in 2 contracts

Samples: Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Tankers Inc.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower Borrowers under Clause 23.2, the Notifying Lender’s 's Commitment shall terminatebe immediately cancelled; and thereupon or, if later, on the date specified in the Notifying Lender’s 's notice under Clause 23.1 as the date on which the notified event would become effective the Borrower Borrowers shall prepay the Notifying Lender’s 's Contribution on the last day of the then current Interest Period in accordance with Clause 8.

Appears in 2 contracts

Samples: Loan Agreement (DryShips Inc.), Loan Agreement (Pyxis Tankers Inc.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower under Clause 23.2, the Notifying Lender’s Lenders’ Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s Contribution Loan in accordance with Clause 8.

Appears in 1 contract

Samples: Loan Agreement (StealthGas Inc.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower Borrowers under Clause 23.2, the Notifying Lender’s 's Commitment shall terminatebe immediately cancelled; and thereupon or, if later, on the date specified in the Notifying Lender’s 's notice under Clause 23.1 as the date on which the notified event would become effective the Borrower Borrowers shall prepay the Notifying Lender’s 's Contribution on the last day of the then current Interest Period in accordance with Clause 8Clauses 8.10 and 8.11.

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower under Clause 23.2, the Notifying Lender’s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s Contribution in accordance with Clause 88 (other than Clause 8.8).

Appears in 1 contract

Samples: Loan Agreement (Tsakos Energy Navigation LTD)

Prepayment; termination of Commitment. On the Agent notifying the Borrower Borrowers under Clause 23.2, the Notifying Lender’s Xxxxxx's Commitment shall terminatebe immediately cancelled; and thereupon or, if later, on the date specified in the Notifying Lender’s 's notice under Clause 23.1 as the date on which the notified event would become effective the Borrower Borrowers shall prepay the Notifying Lender’s 's Contribution on the last day of the then current Interest Period in accordance with Clause 8.

Appears in 1 contract

Samples: Loan Agreement (Star Bulk Management Inc.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower under Clause 23.2, the Notifying Lender’s Commitment shall terminate; and thereupon or, or if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s Contribution in accordance with Clause 8.

Appears in 1 contract

Samples: Loan Agreement (Star Bulk Carriers Corp.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower under Clause 23.224.2, the Notifying Lender’s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 24.1 as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s Contribution in accordance with Clause 8accrued interest, but without penalty, premium or breakage cost.

Appears in 1 contract

Samples: Credit Agreement (Scorpio Bulkers Inc.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower under Clause 23.225.2, the Notifying Lender’s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 25.1 as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s Contribution in accordance with Clause 88 and procure the release of the Guarantee Obligations.

Appears in 1 contract

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

Prepayment; termination of Commitment. On the Agent notifying the Borrower under Clause 23.224.2, the Notifying Lender’s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying LenderXxxxxx’s notice under Clause 23.1 24.1 as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s Contribution in accordance with Clause 8accrued interest, but without penalty, premium or breakage cost.

Appears in 1 contract

Samples: Credit Agreement (Scorpio Bulkers Inc.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower Borrowers under Clause 23.223.2 (Notification of illegality), the Notifying Lender’s Lenders’ Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 as (Illegality)as the date on which the notified event would become effective the Borrower Borrowers shall prepay the Notifying Lender’s Contribution Loan in full in accordance with Clause 88 (Repayment and Prepayment).

Appears in 1 contract

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

Prepayment; termination of Commitment. On the Agent notifying the Borrower Borrowers under Clause Xxxxxx 23.2, the Notifying LenderXxxxxx’s Available Commitment shall terminate; and thereupon or, if later, on terminate by no later than the date specified in the Notifying Lender’s notice under Clause 23.1 as the date on which the notified event would become effective the Borrower Borrowers shall prepay the Notifying Lender’s Contribution in accordance with Clause 8.

Appears in 1 contract

Samples: Loan Agreement (TBS International PLC)

Prepayment; termination of Commitment. On the Agent notifying the Borrower Borrowers under Clause 23.223.2 (Notification of illegality), the Notifying Lender’s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 (Illegality) as the date on which the notified event would become effective the Borrower Borrowers shall prepay the Notifying Lender’s Contribution in accordance with Clause 88 (Repayment and Prepayment and Cancellation).

Appears in 1 contract

Samples: Loan Agreement (Euronav NV)

Prepayment; termination of Commitment. On the Agent notifying the Borrower Borrowers under Clause 23.2, the Notifying Lender’s Lenders' Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s 's notice under Clause 23.1 as the date on which the notified event would become effective the Borrower Borrowers shall prepay the Notifying Lender’s Contribution Loan in accordance with Clause 8.

Appears in 1 contract

Samples: Dynagas LNG Partners LP

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Prepayment; termination of Commitment. On the Agent notifying the Borrower Borrowers under Clause 23.2, the Notifying Lender’s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 as the date on which the notified event would become effective the Borrower Borrowers shall prepay the Notifying Lender’s Contribution in full in accordance with Clause 8.

Appears in 1 contract

Samples: Loan Agreement (Mc Shipping Inc)

Prepayment; termination of Commitment. On the Agent notifying the Borrower Borrowers under Clause 23.2, the Notifying Lender’s Commitment shall terminatebe immediately cancelled; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 as the date on which the notified event would become effective the Borrower Borrowers shall prepay the Notifying Lender’s Contribution on the last day of the then current Interest Period in accordance with Clause 8Clauses 8.12 and 8.13(a).

Appears in 1 contract

Samples: Loan Agreement (Global Ship Lease, Inc.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower under Clause 23.224.2, the Notifying Lender’s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 24.1 as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s Contribution in accordance with Clause 89 (other than Clause 9.6).

Appears in 1 contract

Samples: Loan Agreement (Tsakos Energy Navigation LTD)

Prepayment; termination of Commitment. On the Agent Lender notifying the Borrower Borrowers under Clause 23.222.1, the Notifying Lender’s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s 's notice under Clause 23.1 22.1 as the date on which the notified event would become effective the Borrower Borrowers shall prepay the Notifying Lender’s Contribution Loan in accordance with Clause 87.

Appears in 1 contract

Samples: Loan Agreement (Omega Navigation Enterprises, Inc.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower under Clause 23.223.2 (Notification of illegality), the Notifying Lender’s 's Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s 's notice under Clause 23.1 (Illegality) as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s 's Contribution in accordance with Clause 88 (Repayment and Prepayment).

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower under Clause 23.224.2, the Notifying Lender’s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 24.1 as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s Contribution in accordance with Clause 8.

Appears in 1 contract

Samples: Loan Agreement (Scorpio Tankers Inc.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower Borrowers under Clause 23.1 and 23.2, the Notifying Lender’s 's Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s 's notice under Clause 23.1 as the date on which the notified event would become effective the Borrower Borrowers shall prepay the Notifying Lender’s 's Contribution in accordance with Clause 8.

Appears in 1 contract

Samples: Agreement (Navios Maritime Holdings Inc.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower Borrowers under Clause 23.2, the Notifying Lender’s Xxxxxx's Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s Xxxxxx's notice under Clause 23.1 as the date on which the notified event would become effective the Borrower Borrowers shall prepay the Notifying Lender’s 's Contribution in accordance with Clause 8.

Appears in 1 contract

Samples: Loan Agreement (EuroDry Ltd.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower under Clause 23.2, the Notifying Lender’s Lxxxxx's Commitment shall terminatebe immediately cancelled; and thereupon or, if later, on the date specified in the Notifying Lender’s 's notice under Clause 23.1 as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s 's Contribution on the last day of the then current Interest Period in accordance with Clause 8Clauses 8.11 and 8.12.

Appears in 1 contract

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

Prepayment; termination of Commitment. On the Agent notifying the Borrower under Clause 23.224.2, the Notifying Lender’s 's Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s 's notice under Clause 23.1 24.1 as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s 's Contribution in accordance with Clause 8, without penalty, premium or breakage costs.

Appears in 1 contract

Samples: Loan Agreement (Scorpio Tankers Inc.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower Borrowers under Clause 23.222.2, the Notifying Lender’s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 22.1 as the date on which the notified event would become effective the Borrower Borrowers shall prepay the Notifying Lender’s Contribution in accordance with Clause 8.

Appears in 1 contract

Samples: Loan Agreement (Euronav NV)

Prepayment; termination of Commitment. On the Agent notifying the Borrower under Clause 23.222.2, the Notifying Lender’s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 22.1 as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s Contribution in accordance with Clause 8.

Appears in 1 contract

Samples: Loan Agreement (GasLog Ltd.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower under Clause 23.2, the Notifying Lender’s 's Commitment shall terminateterminate (with such termination to be applied against the Acquisition Facility and the Working Capital Facility pro rata to their respective amounts); and thereupon or, if later, on the date specified in the Notifying Lender’s 's notice under Clause 23.1 as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s 's Contribution in accordance with Clause 8.

Appears in 1 contract

Samples: Loan Agreement (Crude Carriers Corp.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower Borrowers under Clause 23.219.2, the Notifying LenderXxxxxx’s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 19.1 as the date on which the notified event would become effective effective, which should be not earlier than the Borrower latest date permitted by law, the Borrowers shall prepay the Notifying Lender’s Contribution in accordance with Clause 8.

Appears in 1 contract

Samples: Loan Agreement (Alma Maritime LTD)

Prepayment; termination of Commitment. On the Agent notifying the Borrower Borrowers under Clause 23.223.2 (Notification of illegality), the Notifying Lender’s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 (Illegality) as the date on which the notified event would become effective the Borrower Borrowers shall prepay the Notifying Lender’s Contribution in accordance with Clause 88 (Repayment and Prepayment).

Appears in 1 contract

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

Prepayment; termination of Commitment. On the Agent notifying the Borrower Borrowers under Clause 23.2, the Notifying Lender’s 's Commitment shall terminatebe immediately cancelled; and thereupon or, if later, on the date specified in the Notifying Lender’s 's notice under Clause 23.1 as the date on which the notified event would become effective the Borrower Borrowers shall prepay the Notifying Lender’s 's Contribution on the last day of the then current Interest Period in accordance with Clause 8clauses 8.10 and 8.11(a).

Appears in 1 contract

Samples: Loan Agreement (Star Bulk Carriers Corp.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower under Clause 23.2, the Notifying Lender’s Commitment shall terminatebe immediately cancelled; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s Contribution on the last day of the then current Interest Period in accordance with Clause 8Clauses 8.11 and 8.12.

Appears in 1 contract

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

Prepayment; termination of Commitment. On the Agent notifying the Borrower under Clause 23.2, the Notifying Lender’s Lxxxxx's Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s Lxxxxx's notice under Clause 23.1 as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s 's Contribution in accordance with Clause 8.

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower under Clause 23.221.2, the Notifying Lender’s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 21.1 as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s Contribution in accordance with Clause 8.

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

Prepayment; termination of Commitment. On the Agent notifying the Borrower under Clause 23.2, the Notifying Lender’s Commitment shall terminateterminate (with such termination to be applied against the Acquisition Facility and the Working Capital Facility pro rata to their respective amounts); and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s Contribution in accordance with Clause 8.

Appears in 1 contract

Samples: Loan Agreement (Crude Carriers Corp.)

Prepayment; termination of Commitment. On the Facility Agent notifying the Borrower Borrowers under Clause 23.2, the Notifying Lender’s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 as the date on which the notified event would become effective the Borrower Borrowers shall prepay the Notifying Lender’s Contribution in on the last day of the then current Interest Period accordance with Clause 8.

Appears in 1 contract

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

Prepayment; termination of Commitment. On the Agent notifying the Borrower Borrowers under Clause 23.224.2, the Notifying LenderXxxxxx’s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying LenderXxxxxx’s notice under Clause 23.1 24.1 as the date on which the notified event would become effective the Borrower Borrowers shall prepay the Notifying Lender’s Contribution in accordance with Clause 8accrued interest, but without penalty, premium or breakage cost.

Appears in 1 contract

Samples: Loan Agreement (Scorpio Tankers Inc.)

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