Common use of Prepayment; termination of Commitments Clause in Contracts

Prepayment; termination of Commitments. A notice under Clause 5.13 shall be irrevocable if served 3 Business Days before payment; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the 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 date specified in its notice of intended prepayment, the 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, if applicable, the LIBOR Correction Rate or, as the case may be, its Lender’s Cost of Funding and, if the prepayment or repayment is not made on the last Business Day of the interest period set by the Agent, any sums payable under Clause 21.1(b).

Prepayment; termination of Commitments. A notice under Clause 5.13 3.9 (Notice of prepayment) shall be irrevocable if served 3 Business Days before paymentirrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Notifying Lender of the Borrower’s 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 date specified in its notice of intended prepayment, the Borrower 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, if applicable, the LIBOR Correction Rate or, as the case may be, its Lender’s Cost of Funding and, if the prepayment or repayment is not made on the last Business Day day of the interest period set by the Agent, any sums payable under Clause 21.1(b)in respect of Break Costs.

Prepayment; termination of Commitments. A notice under Clause 5.13 6.13 shall be irrevocable if served 3 Business Days before paymentirrevocable; the Agent shall promptly notify the Lenders or (as the case may require) the Affected Lender of the 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; (b) if the prepayment involves the Lenders or the Affected Lender which is the Issuing Bank, no later than the last Business Day of the interest period set by the Agent, the Borrower shall procure the cancellation of the Outstandings and the return of each Guarantee to the Issuing Bank endorsed by the relevant Beneficiary to the effect that it is cancelled; and (bc) on the date specified in its notice of intended prepayment, the 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 aggregate of the Margin and, and the Mandatory Cost (if applicable, the LIBOR Correction Rate or, as the case may be, its Lender’s Cost of Funding any) and, if the prepayment or repayment is not made on the last Business Day day of the interest period set by the Agent, any sums payable under Clause 21.1(b22.1(b).