Prepayment; termination of Commitments. A notice under Clause 5.13 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ notice of intended prepayment; and: (a) on the date on which the Agent serves that notice, the Total Commitments or (as the case may require) the Commitment of the Affected Lender shall be cancelled; and (b) on the last Business Day of the interest period set by the Agent, the Borrowers shall prepay (without premium or penalty) the Loan or, as the case may be, the Affected Lender’s Contribution, together with accrued interest thereon at the applicable rate plus the Margin and the Mandatory Cost (if any).
Appears in 14 contracts
Sources: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Containers L.P.)
Prepayment; termination of Commitments. A notice under Clause 5.13 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ ' notice of intended prepayment; and:
(a) on the date on which the Agent serves that notice, the Total Commitments or (as the case may require) the Commitment of the Affected Lender shall be cancelled; and
(b) on the last Business Day of the interest period set by the Agent, the Borrowers shall prepay (without premium or penalty) the Loan or, as the case may be, the Affected Lender’s 's Contribution, together with accrued interest thereon at the applicable rate plus the Margin and the Mandatory Cost (if any).
Appears in 13 contracts
Sources: Loan Agreement, Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Seanergy Maritime Holdings Corp.)
Prepayment; termination of Commitments. A notice under Clause 5.13 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower’s notice of intended prepayment; and:
(a) on the date on which the Agent serves that notice, the Total Commitments or (as the case may require) the Commitment of the Affected Lender shall be cancelled; and
(b) on the last Business Day of the interest period set by the Agent, the Borrowers Borrower shall prepay (without premium or penalty) the Loan or, as the case may be, the Affected Lender’s Contribution, together with accrued interest thereon at the applicable rate plus the Margin and the Mandatory Cost (if any)Margin.
Appears in 5 contracts
Sources: Loan Agreement (Navios Maritime Containers Inc.), Amending and Restating Agreement (GasLog Partners LP), Amending and Restating Agreement
Prepayment; termination of Commitments. A notice under Clause 5.13 5.12 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower’s notice of intended prepayment; and:
(a) on the date on which the Agent serves that notice, the Total Commitments or (as the case may require) the Commitment of the Affected Lender shall be cancelled; and
(b) on the last Business Day of the interest period set by the Agent, the Borrowers Borrower shall prepay (without premium or penalty) the Loan or, as the case may be, the Affected Lender’s Contribution, together with accrued interest thereon at the applicable rate plus the Margin and the Mandatory Cost (if any)Margin.
Appears in 5 contracts
Sources: Loan Agreement (Euronav NV), Loan Agreement (GasLog Partners LP), Loan Agreement
Prepayment; termination of Commitments. A notice under Clause 5.13 5.11 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower’s notice of intended prepayment; and:
(a) on the date on which the Agent serves that notice, the Total Commitments or (as the case may require) the Commitment of the Affected Lender shall be cancelled; and
(b) on the last Business Day of the interest period set by the Agent, the Borrowers Borrower shall prepay (without premium or penalty) the Loan or, as the case may be, the Affected Lender’s Contribution, together with accrued interest thereon at the applicable rate plus the Margin and the Mandatory Cost (if any)applicable Margin.
Appears in 4 contracts
Sources: Loan Agreement (Star Bulk Carriers Corp.), Loan Facility Agreement (Star Bulk Carriers Corp.), Loan Facility Agreement (Star Bulk Carriers Corp.)
Prepayment; termination of Commitments. A notice under Clause 5.13 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower's notice of intended prepayment; and:
(a) on the date on which the Agent serves that notice, the Total Commitments or (as the case may require) the Commitment of the Affected Lender shall be cancelled; and
(b) on the last Business Day of the interest period set by the Agent, the Borrowers Borrower shall prepay (without premium or penalty) the Loan or, as the case may be, the Affected Lender’s 's Contribution, together with accrued interest thereon at the applicable rate plus the Margin and the Mandatory Cost (if any)Margin.
Appears in 4 contracts
Sources: Loan Agreement (Diana Shipping Inc.), Amending and Restating Agreement, Amending and Restating Agreement (Golar LNG Partners LP)
Prepayment; termination of Commitments. A notice under Clause 5.13 6.11 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower’s notice of intended prepayment; and:
(a) on the date on which the Agent serves that notice, the Total Commitments or (as the case may require) the Commitment of the Affected Lender shall be cancelled; and
(b) on the last Business Day of the interest period set by the Agent, the Borrowers Borrower shall prepay (without premium or penalty) the Loan or, as the case may be, the Affected Lender’s Contribution, together with accrued interest thereon at the applicable rate plus the Margin and the Mandatory Cost (if any)Margin.
Appears in 4 contracts
Sources: 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 Commitments. A notice under Clause 5.13 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ notice of intended prepayment; and:
(a) on the date on which the Agent serves that notice, the Total Commitments or (as the case may require) the Commitment of the Affected Lender shall be cancelled; and
(b) on the last Business Day of the interest period set by the Agent, the Borrowers shall prepay (without premium or penalty) the Loan Loans or, as the case may be, the Affected Lender’s Contribution, together with accrued interest thereon at the applicable rate plus the Margin and the Mandatory Cost (if any)Margin.
Appears in 3 contracts
Sources: Amending and Restating Agreement (TBS International PLC), Amending and Restating Agreement (TBS International PLC), Loan Agreement (TBS International LTD)
Prepayment; termination of Commitments. A notice under Clause 5.13 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ ' notice of intended prepayment; and:
(a) on the date on which the Agent serves that notice, the Total Commitments or (as the case may require) the Commitment of the Affected Lender shall be cancelled; and
(b) on the last Business Day of the interest period set by the Agent, the Borrowers shall prepay (without premium or penalty) the Loan or, as the case may be, the Affected Lender’s 's Contribution, together with accrued interest thereon at the applicable rate plus the Margin and the Mandatory Cost (if any)Margin.
Appears in 3 contracts
Sources: Loan Agreement (Diana Shipping Inc.), Loan Agreement (Diana Shipping Inc.), Loan Agreement (Top Ships Inc.)
Prepayment; termination of Commitments. A notice under Clause 5.13 5.11 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower’s notice of intended prepayment; and:
(a) on the date on which the Agent serves that notice, the Total Commitments or (as the case may require) the Commitment of the Affected Lender shall be cancelled; and
(b) on the last Business Day of the interest period set by the Agent, the Borrowers Borrower shall prepay (without premium or penalty) the Loan or, as the case may be, the Affected Lender’s Contribution, together with accrued interest thereon at the applicable rate plus the applicable Margin and the Mandatory Cost (if any).
Appears in 3 contracts
Sources: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.)
Prepayment; termination of Commitments. A notice under Clause 5.13 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower's notice of intended prepayment; and:
(a) on the date on which the Agent serves that notice, the Total Commitments or (as the case may requirerequite) the Commitment of the Affected Lender shall be cancelledcanceled; and
(b) on the last Business Day of the interest period set by the Agent, the Borrowers Borrower shall prepay (without premium or penalty) the Loan or, as the case may be, the Affected Lender’s 's Contribution, together with accrued interest thereon at the applicable rate plus the Margin and the Mandatory Cost (if any).
Appears in 3 contracts
Sources: Loan Agreement (EuroDry Ltd.), Loan Agreement (EuroDry Ltd.), Loan Agreement (Euroseas Ltd.)
Prepayment; termination of Commitments. A notice under Clause 5.13 5.11 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower’s notice of intended prepayment; and:
(a) on the date on which the Agent serves that notice, the Total Commitments or (as the case may require) the Commitment of the Affected Lender shall be cancelled; and
(b) on the last Business Day of the interest period set by the Agent, the Borrowers Borrower shall prepay (without premium or penalty) the Loan or, as the case may be, the Affected Lender’s 's Contribution, together with accrued interest thereon at the applicable rate plus the applicable Margin and the Mandatory Cost (if any).
Appears in 3 contracts
Sources: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Paragon Shipping Inc.)
Prepayment; termination of Commitments. A notice under Clause 5.13 5.11 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower's notice of intended prepayment; and:
(a) on the date on which the Agent serves that notice, the Total Commitments or (as the case may require) the Commitment of the Affected Lender shall be cancelled; and
(b) on the last Business Day of the interest period set by the Agent, the Borrowers Borrower shall prepay (without premium or penalty) the Loan or, as the case may be, the Affected Lender’s 's Contribution, together with accrued interest thereon at the applicable rate plus the Margin and the Mandatory Cost (if any)applicable Margin.
Appears in 2 contracts
Sources: Loan Agreement (Star Bulk Carriers Corp.), Loan Agreement (Star Bulk Carriers Corp.)
Prepayment; termination of Commitments. A notice under Clause 5.13 4.10 shall be irrevocable; the . The Facility Agent shall promptly notify the Lenders or (as the case may requirebe) the Affected Lender of the Borrowers’ notice of intended prepayment; prepayment and:
(a) on the date on which the Facility Agent serves that noticeso notifies the Lenders or (as the case may be) the Affected Lender, the Total Commitments or (as the case may requirebe) the Commitment of the Affected Lender shall be cancelled; and
(b) on the last Business Day of the interest period set by the Facility Agent, the Borrowers shall prepay (without premium or penalty) the Loan or, or (as the case may be, ) the Affected Lender’s ContributionRatable Portion, together with accrued interest thereon at the applicable rate plus the Margin and the Mandatory Cost (if any)Margin.
Appears in 2 contracts
Sources: Loan Agreement (TBS International LTD), Loan Agreement (TBS International LTD)
Prepayment; termination of Commitments. A notice under Clause 5.13 (Notice of prepayment) above shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower’s notice of intended prepayment; and:
(a) on the date on which the Agent serves that notice, the Total Commitments or (as the case may require) the Commitment of the Affected Lender so far as they relate to the Loan shall be cancelled; and
(b) on the last Business Day of the interest period set by the Agent, the Borrowers Borrower shall prepay (without premium or penalty) the Loan or, as the case may be, the Affected Lender’s Contribution, together with accrued interest thereon at the applicable rate plus the Margin and the Mandatory Cost (if any)Margin.
Appears in 2 contracts
Sources: Facility Agreement (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Partners L.P.)
Prepayment; termination of Commitments. A notice under Clause 5.13 5.11 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the BorrowersBorrower’ notice of intended prepayment; and:
(a) on the date on which the Agent serves that notice, the Total Commitments or (as the case may require) the Commitment of the Affected Lender so far as they relate to the relevant Advance shall be cancelled; and
(b) on the last Business Day of the interest period set by the Agent, the Borrowers Borrower shall prepay (without premium or penalty) the Loan or, as the case may be, the Affected Lender’s Contribution, together with accrued interest thereon at the applicable rate plus the Margin and the Mandatory Cost (if any)Margin.
Appears in 2 contracts
Sources: Loan Agreement, Loan Agreement (Capital Product Partners L.P.)
Prepayment; termination of Commitments. A notice under Clause 5.13 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower’s notice of intended prepayment; and:
(a) on the date on which the Agent serves that notice, the Total Commitments or (as the case may require) the Commitment of the Affected Lender shall be cancelled; and
(b) on the last Business Day of the interest period set by the Agent, the Borrowers Borrower shall prepay (without premium or penalty) the Loan or, as the case may be, the Affected Lender’s Contribution, together with accrued interest thereon at the applicable rate plus the Margin and the Mandatory Cost (if any).
Appears in 2 contracts
Sources: Loan Agreement (Navios Maritime Acquisition CORP), Loan Agreement (Navios Maritime Holdings Inc.)
Prepayment; termination of Commitments. A notice under Clause 5.13 5.11 shall be irrevocable; the Facility Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the BorrowersBorrower’ notice of intended prepayment; and:
(a) on the date on which the Facility Agent serves that notice, the Total Commitments or (as the case may require) the Commitment of the Affected Lender so far as they relate to the relevant Advance shall be cancelled; and
(b) on the last Business Day of the interest period set by the Facility Agent, the Borrowers Borrower shall prepay (without premium or penalty) the Loan or, as the case may be, the Affected Lender’s Contribution, together with accrued interest thereon at the applicable rate plus the Margin and the Mandatory Cost (if any)applicable Margin.
Appears in 2 contracts
Sources: Loan Agreement, Loan Agreement (Capital Product Partners L.P.)
Prepayment; termination of Commitments. A notice under Clause 5.13 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ notice of intended prepayment; and:
(a) on the date on which the Agent serves that notice, the Total Commitments or (as the case may require) the Commitment of the Affected Lender shall be cancelled; and
(b) on the last Business Day of the interest period set by the Agent, the Borrowers shall prepay (without premium or penalty) the Loan or, as the case may be, the Affected Lender’s Contribution, together with accrued interest thereon at the applicable rate plus the Margin and the any applicable Mandatory Cost (if any)Cost.
Appears in 2 contracts
Sources: Facility Agreement (NewLead Holdings Ltd.), Facility Agreement (NewLead Holdings Ltd.)
Prepayment; termination of Commitments. A notice under Clause 5.13 shall be irrevocable; the Facility Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the BorrowersBorrower’ notice of intended prepayment; and:
(a) on the date on which the Facility Agent serves that notice, the Total Commitments or (as the case may require) the Commitment of the Affected Lender so far as they relate to the relevant Advance shall be cancelled; and
(b) on the last Business Day of the interest period set by the Facility Agent, the Borrowers Borrower shall prepay (without premium or penalty) the Loan or, as the case may be, the Affected Lender’s Contribution, together with accrued interest thereon at the applicable rate plus the Margin and the Mandatory Cost (if any).
Appears in 2 contracts
Sources: Loan Agreement (Capital Product Partners L.P.), Loan Agreement
Prepayment; termination of Commitments. A notice under Clause 5.13 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ notice of intended prepayment; and:
(a) on the date on which the Agent serves that notice, the Total Commitments or (as the case may require) the Commitment of the relevant Affected Lender shall be cancelled; and
(b) on the last Business Day of the interest period set by the Agent, the Borrowers shall prepay (without premium or penalty) the Loan or, as the case may be, the relevant Affected Lender’s Contribution, together with accrued interest thereon at the applicable rate plus the Margin and the Mandatory Cost (if any).
Appears in 2 contracts
Sources: Loan Agreement (Costamare Partners LP), Loan Agreement (Costamare Partners LP)
Prepayment; termination of Commitments. A notice under Clause 5.13 5.11 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower’s notice of intended prepayment; and:
(a) on the date on which the Agent serves that notice, the Total Commitments or (as the case may require) the Commitment of the Affected Lender shall be cancelled; and
(b) on the last Business Day of the interest period set by the Agent, the Borrowers Borrower shall prepay (without premium or penalty) the Loan and/or the relevant Advance, or, as the case may be, the Affected Lender’s Contribution, together with accrued interest thereon at the applicable rate plus the Margin and the Mandatory Cost (if any).
Appears in 1 contract
Sources: Loan Agreement (DryShips Inc.)
Prepayment; termination of Commitments. A notice under Clause 5.13 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ notice of intended prepayment; and:
(a) on the date on which the Agent serves that notice, the Total Commitments or (as the case may require) the Commitment of the Affected Lender shall be cancelled; and
(b) on the last Business Day of the interest period set by the Agent, the Borrowers shall prepay (without premium or penalty) the Loan or, as the case may be, the Affected Lender’s Contribution, together with accrued interest thereon at the applicable rate plus the applicable Margin and the Mandatory Cost (if any)) applicable to the Affected Lender’s Contribution.
Appears in 1 contract
Prepayment; termination of Commitments. A notice under Clause 5.13 5.11 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower's notice of intended prepayment; and:
(a) on the date on which the Agent serves that notice, the Total Commitments or (as the case may require) the Commitment of the Affected Lender shall be cancelled; and
(b) on the last Business Day of the interest period set by the Agent, the Borrowers Borrower shall prepay (without premium or penalty) the Loan or, as the case may be, the Affected Lender’s 's Contribution, together with accrued interest thereon at the applicable rate plus the Margin and the Mandatory Cost (if any)Margin.
Appears in 1 contract
Sources: Loan Agreement (EuroDry Ltd.)
Prepayment; termination of Commitments. A notice under Clause 5.13 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower’s notice of intended prepaymentprepayment (without premium or penalty); and:
(a) on the date on which the Agent serves that notice, the Total Commitments or (as the case may require) the Commitment of the Affected Lender shall be cancelled; and
(b) on the last Business Day of the interest period set by the Agent, the Borrowers Borrower shall prepay (without premium or penalty) the Loan or, as the case may be), the Affected Lender’s Contribution, together with accrued interest thereon at the applicable rate used for the immediately preceding Interest Period plus the Margin and the Mandatory Cost (if any)Margin.
Appears in 1 contract
Sources: Loan Agreement (Grindrod Shipping Holdings Pte. Ltd.)
Prepayment; termination of Commitments. A notice under Clause 5.13 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower’s notice of intended prepayment; and:
(a) on the date on which the Agent serves that notice, the Total Commitments or (as the case may require) the Commitment of the Affected Lender shall be cancelled; and
(b) on the last Business Day of the interest period set by the Agent, the Borrowers Borrower shall prepay (without premium or penalty) the Loan or, as the case may be, the Affected Lender’s Contribution, together with accrued interest thereon at the applicable rate plus the applicable Margin and the Mandatory Cost (if any).
Appears in 1 contract
Sources: Amending and Restating Agreement (Navios Maritime Acquisition CORP)
Prepayment; termination of Commitments. A notice under Clause 5.13 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ notice of intended prepayment; and:
(a) on the date on which the Agent serves that notice, the Total Commitments or (as the case may require) the Commitment of the Affected Lender shall be cancelled; and
(b) on the last Business Day of the interest period set by the Agent, the Borrowers shall prepay (without premium or penalty) the Loan or, as the case may be, the Affected Lender’s Contribution, together with accrued interest thereon at the applicable rate plus the Margin and the Mandatory Cost (if any)) applicable to the Affected Lender’s Contribution.
Appears in 1 contract
Sources: Amending and Restating Agreement (Poseidon Containers Holdings Corp.)
Prepayment; termination of Commitments. A notice under Clause 5.13 5.8 (Notice of prepayment) shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower’s notice of intended prepayment; and:
(a) on the date on which the Agent serves that notice, the Total Commitments or (as the case may require) the Commitment of the Affected relevant Lender shall be cancelled; and
(b) on the last Business Day of the interest period set by the Agent, the Borrowers Borrower shall prepay (without premium or penalty) the Loan or, as the case may be, the Affected relevant Lender’s Contribution, together with accrued interest thereon at the applicable rate plus the Margin and the Mandatory Cost (if any)Margin.
Appears in 1 contract
Prepayment; termination of Commitments. A notice under Clause 5.13 5.11 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ notice of intended prepayment; and:
(a) on the date on which the Agent serves that notice, the Total Commitments or (as the case may require) the Commitment of the Affected Lender shall be cancelled; and
(b) on the last Business Day of the interest period set by the Agent, the Borrowers shall prepay (without premium or penalty) the Loan or, as the case may be, the Affected Lender’s 's Contribution, together with accrued interest thereon at the applicable rate plus the Margin and the Mandatory Cost (if any)Margin.
Appears in 1 contract
Sources: Loan Agreement (Euroseas Ltd.)
Prepayment; termination of Commitments. A notice under Clause 5.13 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ ' notice of intended prepayment; and:
(a) on the date on which the Agent serves that notice, the Total Commitments or (as the case may require) the Commitment of the Affected Lender shall be cancelled; and
(b) on the last Business Day of the interest period set by the Agent, the Borrowers shall prepay (without premium or penalty) the Loan or, as the case may be, the Affected Lender’s 's Contribution, together with accrued interest thereon at the applicable rate plus the applicable Margin and the Mandatory Cost Costs (if any).
Appears in 1 contract
Prepayment; termination of Commitments. A notice under Clause 5.13 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower’s notice of intended prepayment; and:
(a) on the date on which the Agent serves that notice, the Total Commitments or (as the case may require) the Commitment of the Affected Lender shall be cancelled; and
(b) on the last Business Day of the interest period set by the Agent, the Borrowers Borrower shall prepay (without premium or penalty) the Loan or, as the case may be, the Affected Lender’s Contribution, together with accrued interest thereon at the applicable rate plus the Margin and the Mandatory Cost Costs (if any).
Appears in 1 contract
Prepayment; termination of Commitments. A notice under Clause 5.13 5.8 (Notice of prepayment) shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Notifying Lender of the Borrowers’ notice of intended prepayment; and:
(a) on the date on which the Agent serves that notice, the Total Commitments or (as the case may require) the Commitment of the Affected Notifying Lender shall be cancelled; and
(b) on the last Business Day date specified in its notice of the interest period set by the Agentintended prepayment, the Borrowers shall prepay (without premium or penalty) the Loan or, as the case may be, the Affected Notifying Lender’s Contribution, together with accrued interest thereon at the applicable rate plus the Margin and and, if the Mandatory Cost (if any)prepayment or repayment is not made on the last day of the interest period set by the Agent, any sums payable in respect of Breakage Costs.
Appears in 1 contract
Prepayment; termination of Commitments. A notice under Clause 5.13 5.12 shall be irrevocable; the Facility Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ notice of intended prepayment; and:
(a) on the date on which the Facility Agent serves that notice, the Total Commitments or (as the case may require) the Commitment of the Affected Lender so far as they relate to the relevant Advance or Tranche shall be cancelled; and
(b) on the last Business Day of the interest period set by the Facility Agent, the Borrowers shall prepay (without premium or penalty) the Loan or, as the case may be, the Affected Lender’s Contribution, together with accrued interest thereon at the applicable rate plus the Margin and the Mandatory Cost (if any)Margin.
Appears in 1 contract
Prepayment; termination of Commitments. A notice under Clause 5.13 5.11 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower’s notice of intended prepayment; and:
(a) on the date on which the Agent serves that notice, the Total Commitments or (as the case may require) the Commitment of the Affected Lender shall be cancelled; and
(b) on the last Business Day of the interest period set by the Agent, the Borrowers Borrower shall prepay (without premium or penalty) the Loan or, as the case may be, the Affected Lender’s Contribution, together with accrued interest thereon at the applicable rate plus the Margin and the Mandatory Cost (if any).
Appears in 1 contract
Prepayment; termination of Commitments. A notice under Clause 5.13 5.8 (Notice of prepayment) shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower’s notice of intended prepayment; and:
(a) on the date on which the Agent serves that notice, the Total Commitments or (as the case may require) the Commitment of the Affected relevant Lender shall be cancelled; and
(b) on the last Business Day of the interest period set by the Agent, the Borrowers Borrower shall prepay (without premium or penalty) the Loan or, as the case may be, the Affected relevant Lender’s 's Contribution, together with accrued interest thereon at the applicable rate plus the Margin and the Mandatory Cost (if any)Margin.
Appears in 1 contract
Sources: Loan Agreement (EuroDry Ltd.)
Prepayment; termination of Commitments. A notice under Clause 5.13 5.11 shall be irrevocable; the Agent shall promptly notify the Lenders Lenders, the Swap Banks or (as the case may require) the Affected Lender of the Borrowers’ Borrower’s notice of intended prepayment; and:
(a) on the date on which the Agent serves that notice, the Total Commitments or (as the case may require) the Commitment of the Affected Lender shall be cancelled; and
(b) on the last Business Day date of expiry of the interest notice period set by contained in the notice given to the Agent, the Borrowers Borrower shall prepay (without premium or penalty) the Loan or, as the case may be, the Affected Lender’s Contribution, together with accrued interest thereon at the applicable rate plus the Margin and the Mandatory Cost (if any)Rate.
Appears in 1 contract
Prepayment; termination of Commitments. A notice under Clause 5.13 6.13 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower’s notice of intended prepayment; and:
(a) on the date on which the Agent serves that notice, the Total Commitments or (as the case may require) the Commitment of the Affected Lender shall be cancelled; and
(b) on the last Business Day date specified in its notice of the interest period set by the Agentintended prepayment, the Borrowers Borrower shall prepay (without premium or penalty) the Loan or, as the case may be, the Affected Lender’s Contribution, together with accrued interest thereon at the applicable rate plus the Margin and and, if the Mandatory Cost (if anyprepayment or repayment is not made on the last day of the interest period set by the Agent, any sums payable under Clause 22.1(b).
Appears in 1 contract
Sources: Loan Agreement (Danaos Corp)
Prepayment; termination of Commitments. A notice under Clause 5.13 5.11 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower's notice of intended prepayment; and:
(a) on the date on which the Agent serves that notice, the Total Commitments or (as the case may require) the Commitment of the Affected Lender shall be cancelled; and
(b) on the last Business Day of the interest period set by the Agent, the Borrowers Borrower shall prepay (without premium or penalty) the Loan or, as the case may be, the Affected Lender’s 's Contribution, together with accrued interest thereon at the applicable rate plus the applicable Margin and the Mandatory Cost (if any).
Appears in 1 contract
Prepayment; termination of Commitments. A notice under Clause 5.13 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower’s notice of intended prepayment; and:
(a) on the date on which the Agent serves that notice, the Total Commitments or (as the case may require) the Commitment of the Affected Lender shall be cancelled; and
(b) on the last Business Day of the interest period set by the Agent, the Borrowers Borrower shall prepay (without premium or penalty) the Loan or, as the case may be, the Affected Lender’s Contribution, together with accrued interest thereon at the applicable rate plus the Margin and the Mandatory Cost (if any)applicable Margin.
Appears in 1 contract
Sources: Loan Agreement (DryShips Inc.)
Prepayment; termination of Commitments. A notice under Clause 5.13 5.7 (Notice of prepayment) shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower's notice of intended prepayment; and:
(a) on the date on which the Agent serves that notice, the Total Commitments or (as the case may require) the Commitment of the Affected relevant Lender shall be cancelled; and
(b) on the last Business Day of the interest period set by the Agent, the Borrowers Borrower shall prepay (without premium or penalty) the Loan or, as the case may be, the Affected relevant Lender’s 's Contribution, together with accrued interest thereon at the applicable rate plus the Margin and the Mandatory Cost (if any)Margin.
Appears in 1 contract
Prepayment; termination of Commitments. A notice under Clause 5.13 5.11 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ notice of intended prepayment; and:
(a) on the date on which the Agent serves that notice, the Total Commitments or (as the case may require) the Commitment of the Affected Lender shall be cancelled; and
(b) on the last Business Day of the interest period set by the Agent, the Borrowers shall prepay (without premium or penalty) the Loan or, as the case may be, the Affected Lender’s Contribution, together with accrued interest thereon at the applicable rate plus the applicable Margin and the Mandatory Cost (if any).
Appears in 1 contract
Sources: Loan Agreement (Pyxis Tankers Inc.)
Prepayment; termination of Commitments. A notice under Clause 5.13 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ ' notice of intended prepayment; and:
(a) on the date on which the Agent serves that notice, the Total Commitments or (as the case may require) the Commitment of the Affected Lender shall be cancelled; and
(b) on the last Business Day of the interest period set by the Agent, the Borrowers shall prepay (without premium or penalty) the Loan or, as the case may be, the Affected Lender’s 's Contribution, together with accrued interest thereon at the applicable rate plus the applicable Margin and the Mandatory Cost (if any).
Appears in 1 contract
Prepayment; termination of Commitments. A notice under Clause 5.13 5.11 shall be irrevocable; the Agent shall promptly notify the Lenders Lenders, the Swap Banks or (as the case may require) the Affected Lender of the Borrowers’ Borrower’s notice of intended prepayment; and:
(a) on the date on which the Agent serves that notice, the Total Commitments or (as the case may require) the Commitment of the Affected Lender shall be cancelled; and
(b) on the last Business Day date of expiry of the interest notice period set by contained in the notice given to the Agent, the Borrowers Borrower shall prepay (without premium or penalty) the Loan or, as the case may be, the Affected Lender’s Contribution, together with accrued interest thereon at the applicable rate plus the Margin and the Mandatory Cost (if any)Margin.
Appears in 1 contract
Sources: Loan Agreement (Seacastle Inc.)
Prepayment; termination of Commitments. A notice under Clause 5.13 (Notice of prepayment) shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower’s notice of intended prepayment; and:
(a) on the date on which the Agent serves that notice, the Total Commitments or (as the case may require) the Commitment of the Affected Lender shall be cancelled; and
(b) on the last Business Day of the interest period set by the Agent, the Borrowers Borrower shall prepay (without premium or penalty) the Loan or, as the case may be, the Affected Lender’s Contribution, together with accrued interest thereon at the applicable rate plus the Margin and the Mandatory Cost (if any).
Appears in 1 contract
Prepayment; termination of Commitments. A notice under Clause 5.13 5.12 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower’s notice of intended prepayment; and:
(a) on the date on which the Agent serves that notice, the Total Commitments or (as the case may require) the Commitment of the Affected Lender shall be cancelled; and
(b) on the last Business Day of the interest period set by the Agent, the Borrowers Borrower shall prepay (without premium or penalty) the Loan or, as the case may be, the Affected Lender’s 's Contribution, together with accrued interest thereon at the applicable rate plus the Margin and the Mandatory Cost (if any).
Appears in 1 contract
Sources: Loan Agreement (DryShips Inc.)
Prepayment; termination of Commitments. A notice under Clause 5.13 5.11 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower’s notice of intended prepayment; and:
(a) on the date on which the Agent serves that notice, the Total Commitments or (as the case may require) the Commitment of the Affected Lender shall be cancelled; and
(b) on the last Business Day of the interest period set by the Agent, the Borrowers Borrower shall prepay (without premium or penalty) the Loan or, as the case may be, the Affected Lender’s Contribution, together with accrued interest thereon at the applicable rate plus the Margin and the Mandatory Cost (if any)Margin.
Appears in 1 contract
Sources: Loan Agreement (GasLog Ltd.)
Prepayment; termination of Commitments. A notice under Clause 5.13 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower’s notice of intended prepayment; and:
(a) on the date on which the Agent serves that notice, the Total Commitments or (as the case may require) the Commitment of the Affected Lender shall be cancelled; and
(b) on the last Business Day of the interest period set by the Agent, the Borrowers Borrower shall prepay (without premium or penalty) the Loan Loans and/or the relevant Loan, or, as the case may be, the Affected Lender’s Contribution, together with accrued interest thereon at the applicable rate plus the Margin and the Mandatory Cost (if any).
Appears in 1 contract
Sources: Loan and Guarantee Facility Agreement (DryShips Inc.)
Prepayment; termination of Commitments. A notice under Clause 5.13 5.11 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower’s notice of intended prepayment; and:
(a) on the date on which the Agent serves that notice, the Total Commitments or (as the case may requirebe) the Commitment of the Affected Lender shall be cancelled; and
(b) on the last Business Day of the interest period set by the Agent, the Borrowers Borrower shall prepay (without premium or penalty) the Loan or, as the case may be, the Affected Lender’s 's Contribution, together with accrued interest thereon at the applicable rate plus the applicable Margin and the Mandatory Cost (if any).
Appears in 1 contract
Prepayment; termination of Commitments. A notice under Clause 5.13 5.12 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower's notice of intended prepayment; and:
(a) on the date on which the Agent serves that notice, the Total Commitments or (as the case may require) the Commitment of the Affected Lender shall be cancelled; and
(b) on the last Business Day of the interest period set by the Agent, the Borrowers Borrower shall prepay (without premium or penalty) the Loan or, as the case may be, the Affected Lender’s 's Contribution, together with accrued interest thereon at the applicable rate plus the applicable Margin and the Mandatory Cost (if any).
Appears in 1 contract
Sources: Loan Agreement (DryShips Inc.)
Prepayment; termination of Commitments. A notice under Clause 5.13 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower’s notice of intended prepayment; and:
(a) on the date on which the Agent serves that notice, the Total Commitments or (as the case may require) the Commitment of the Affected Lender so far as they relate to the relevant Advance shall be cancelled; and
(b) on the last Business Day of the interest period set by the Agent, the Borrowers Borrower shall prepay (without premium or penalty) the Loan or, as the case may be, the Affected Lender’s Contribution, together with accrued interest thereon at the applicable rate plus the Margin and the Mandatory Cost (if any)Margin.
Appears in 1 contract
Sources: Facility Agreement (Navios Maritime Containers Inc.)
Prepayment; termination of Commitments. A notice under Clause 5.13 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ notice of intended prepayment; and:
(a) on the date on which the Agent serves that notice, the Total Commitments or (as the case may require) the Commitment of the Affected Lender shall be cancelled; and
(b) on the last Business Day of the interest period set by the Agent, the Borrowers shall prepay (without premium or penalty) the Loan or, as the case may be, the Affected Lender’s Contribution, together with accrued interest thereon at the applicable rate plus the Margin and the Mandatory Cost (if any)Margin.
Appears in 1 contract
Prepayment; termination of Commitments. A notice under Clause 5.13 CIause 5.12 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower's notice of intended prepayment; and:
(a) on the date on which the Agent serves that notice, the Total Commitments or (as the case may require) the Commitment of the Affected Lender shall be cancelled; and
(b) on the last Business Day of the interest period set by the Agent, the Borrowers Borrower shall prepay (without premium or penalty) the Loan or, as the case may be, the Affected Lender’s 's Contribution, together with accrued interest thereon at the applicable rate plus the applicable Margin and the Mandatory Cost (if any).
Appears in 1 contract
Sources: Loan Agreement (DryShips Inc.)
Prepayment; termination of Commitments. A notice under Clause 5.13 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ ' notice of intended prepayment; and:
(a) on the date on which the Agent serves that notice, the Total Commitments or (as the case may require) the Commitment of the Affected Lender shall be cancelled; and
(b) on the last Business Day of the interest period set by the Agent, the Borrowers shall prepay (without premium or penalty) the Loan or, as the case may be, the Affected Lender’s 's Contribution, together with accrued interest thereon at the applicable rate plus the Margin and the Mandatory Cost (if any)applicable Margin.
Appears in 1 contract
Prepayment; termination of Commitments. A notice under Clause 5.13 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ notice of intended prepayment; and:
(a) on the date on which the Agent serves that notice, the Total Commitments or (as the case may require) the Commitment of the Affected Lender shall be cancelled; and
(b) on the last Business Day of the interest period set by the Agent, the Borrowers shall prepay (without premium or penalty) the Loan or, as the case may be, the Affected Lender’s Contribution, together with accrued interest thereon at the applicable rate plus the Margin Margin, the relevant Top-up Fee and the Mandatory Cost (if any).
Appears in 1 contract
Prepayment; termination of Commitments. A notice under Clause 5.13 6.13 shall be irrevocable; the Paying Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower’s notice of intended prepayment; and:
(a) on the date on which the Paying Agent serves that notice, the Total Commitments or (as the case may require) the Commitment of the Affected Lender shall be cancelled; and
(b) on the last Business Day date specified in its notice of the interest period set by the Agentintended prepayment, the Borrowers Borrower shall prepay (without premium or penalty) the Loan or, as the case may be, the Affected Lender’s Contribution, together with accrued interest thereon at the applicable rate plus the applicable Margin and and, if the Mandatory Cost (if anyprepayment or repayment is not made on the last day of the interest period set by the Paying Agent, any sums payable under Clause 22.1(b).
Appears in 1 contract
Prepayment; termination of Commitments. A notice under Clause 5.13 5.12 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower’s notice of intended prepayment; and:
(a) on the date on which the Agent serves that notice, the Total Commitments or (as the case may require) the Commitment of the Affected Lender shall be cancelled; and
(b) on the last Business Day date specified in its notice of the interest period set by the Agentintended prepayment, the Borrowers Borrower shall prepay (without premium or penalty) the Loan or, as the case may be, the Affected Lender’s Contribution, together with accrued interest thereon at the applicable rate plus the applicable Margin and the Mandatory Cost Costs (if any)) and, if the prepayment or repayment is not made on the last day of the interest period set by the Agent, any sums payable in respect of Breakage Costs.
Appears in 1 contract
Sources: Loan Agreement (StealthGas Inc.)
Prepayment; termination of Commitments. A notice under Clause 5.13 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ notice of intended prepayment; and:
(a) on the date on which the Agent serves that notice, the Total Commitments or (as the case may require) the Commitment of the Affected Lender so far as they relate to the relevant Advance shall be cancelled; and
(b) on the last Business Day of the interest period set by the Agent, the Borrowers shall prepay (without premium or penalty) the Loan or, as the case may be, the Affected Lender’s Contribution, together with accrued interest thereon at the applicable rate plus the Margin and the Mandatory Cost (if any)Margin.
Appears in 1 contract
Sources: Supplemental Agreement (Navios Maritime Containers Inc.)
Prepayment; termination of Commitments. A notice under Clause 5.13 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ notice of intended prepayment; and:
(a) on the date on which the Agent serves that notice, the Total Commitments or (as the case may require) the Commitment of the Affected Lender shall be cancelled; and
(b) on the last Business Day of the interest period set by the Agent, the Borrowers shall prepay (without premium or penalty) the Loan or, as the case may be, be the Affected Lender’s Contribution, together with accrued interest thereon at the applicable rate plus the Margin and the Mandatory Cost (if any)applicable Margin.
Appears in 1 contract
Sources: Loan Agreement (Mc Shipping Inc)
Prepayment; termination of Commitments. A notice under Clause 5.13 5.11 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower’s notice of intended prepayment; and:
(a) on the date on which the Agent serves that notice, the Total Commitments or (as the case may require) the Commitment of the Affected Lender so far as they relate to the Loan shall be cancelled; and
(b) on the last Business Day of the interest period set by the Agent, the Borrowers Borrower shall prepay (without premium or penalty) the Loan or, as the case may be, the Affected Lender’s 's Contribution, together with accrued interest thereon at the applicable rate plus the Margin and the Mandatory Cost (if any)Margin.
Appears in 1 contract
Prepayment; termination of Commitments. A notice under Clause 5.13 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower’s notice of intended prepayment; and:
(a) on the date on which the Agent serves that notice, the Total Commitments or (as the case may require) the Commitment of the relevant Affected Lender shall be cancelled; and
(b) on the last Business Day of the interest period set by the Agent, the Borrowers Borrower shall prepay (without premium or penalty) the Loan or, as the case may be, the relevant Affected Lender’s Contribution, together with accrued interest thereon at the applicable rate plus the Margin and the Mandatory Cost (if any).
Appears in 1 contract
Prepayment; termination of Commitments. A notice under Clause 5.13 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower’s notice of intended prepayment; and:
(a) on the date on which the Agent serves that notice, the Total Commitments or (as the case may require) the Commitment of the Affected Lender shall be cancelled; and
(b) on the last Business Day date specified in its notice of the interest period set by the Agentintended prepayment, the Borrowers Borrower shall prepay (without premium or penalty) the Loan or, as the case may be, the Affected Lender’s Contribution, together with accrued interest thereon at the applicable rate plus the Margin and and, if the Mandatory Cost (if anyprepayment or repayment is not made on the last day of the interest period set by the Agent, any sums payable under Clause 21.1(b).
Appears in 1 contract
Prepayment; termination of Commitments. A notice under Clause 5.13 5.12 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower’s notice of intended prepayment; and:
(a) on the date on which the Agent serves that notice, the Total Commitments or (as the case may require) the Commitment of the Affected Lender shall be cancelled; and
(b) on the last Business Day of the interest period set by the Agent, the Borrowers Borrower shall prepay (without premium or penalty) the Loan or, as the case may be, the Affected Lender’s Contribution, together with accrued interest thereon at the applicable rate plus the Margin and the Mandatory Cost (if any).
Appears in 1 contract
Sources: Loan Agreement (DryShips Inc.)
Prepayment; termination of Commitments. A notice under Clause 5.13 5.11 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower’s notice of intended prepayment; and:
(a) on the date on which the Agent serves that notice, the Total Commitments or (as the case may require) the Commitment of the Affected Lender so far as they relate to the relevant Advance or Advances shall be cancelled; and
(b) on the last Business Day of the interest period set by the Agent, the Borrowers Borrower shall prepay (without premium or penalty) the Loan or, as the case may be, the Affected Lender’s 's Contribution, together with accrued interest thereon at the applicable rate plus the Margin and the Mandatory Cost (if any)Margin.
Appears in 1 contract
Prepayment; termination of Commitments. A notice under Clause 5.13 5.11 shall be irrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the Borrowers’ Borrower’s notice of intended prepayment; and:
(a) on the date on which the Agent serves that notice, the Total Commitments or (as the case may require) the Commitment of the Affected Lender shall be cancelled; and
(b) on the last Business Day of the interest period set by the Agent, the Borrowers Borrower shall prepay (without premium or penalty) the Loan relevant Tranche or, as the case may be, the Affected Lender’s ContributionContribution in the relevant Tranche, together with accrued interest thereon at the applicable rate plus the Margin and the Mandatory Cost (if any)Margin.
Appears in 1 contract
Sources: Loan Agreement (GasLog Ltd.)