Provision of additional security; prepayment. (a) If the Facility Agent serves a notice on the Borrowers under Clause 24.1 (Minimum required security cover), the Borrowers shall, on or before the date falling 30 Business Days after the date on which the Facility Agent’s notice is served (the “Prepayment Date”), prepay such part of the Loan as shall eliminate the shortfall.
Appears in 3 contracts
Samples: Agreement (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Partners L.P.)
Provision of additional security; prepayment. (a) If the Facility Agent serves a notice on the Borrowers under Clause 24.1 (Minimum required security cover), the Borrowers shall, shall on or before the date falling 30 Business Days one month after the date on which the Facility Agent’s notice is served (the “Prepayment Date”), prepay such part of the Loan as shall eliminate the shortfall.either:
Appears in 2 contracts
Samples: Assignment Agreement (Ardmore Shipping Corp), Facility Agreement (Ardmore Shipping Corp)
Provision of additional security; prepayment. (a) If the Facility Agent serves a notice on the Borrowers under Clause 24.1 23.1 (Minimum required security cover), the Borrowers shall, on or before the date falling 30 Business Days after the date on which the Facility Agent’s notice is served (the “Prepayment Date”), prepay such part of the Loan as shall eliminate the shortfall.
Appears in 2 contracts
Samples: Facility Agreement (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Partners L.P.)
Provision of additional security; prepayment. (a) If the Facility Agent serves a notice on the Borrowers under Clause 24.1 26.1 (Minimum required security cover), the Borrowers shall, on or before the date falling 30 Business Days one Month after the date on which the Facility Agent’s 's notice is served (the “"Prepayment Date”"), prepay such part of the Loan as shall eliminate the shortfall.
Appears in 2 contracts
Samples: Banks and Financial Institutions (Okeanis Eco Tankers Corp.), Banks and Financial Institutions (Okeanis Eco Tankers Corp.)
Provision of additional security; prepayment. (a) If the Facility Agent (acting on the instructions of the Majority Lenders) serves a notice on the Borrowers under Clause 24.1 (Minimum required security cover), the Borrowers shall, on or before the date falling 30 Business Days one Month after the date (the “Prepayment Date”) on which the Facility Agent’s notice is served (the “Prepayment Date”)served, prepay such part of the Loan as shall eliminate the shortfall.
Appears in 2 contracts
Samples: Assignment Agreement (Global Ship Lease, Inc.), Junior Facility Agreement (Global Ship Lease, Inc.)
Provision of additional security; prepayment. (a) If the Facility Agent serves a notice on the Borrowers under Clause 24.1 25.1 (Minimum required security cover), the Borrowers shall, on or before the date falling 30 10 Business Days after the date on which the Facility Agent’s notice is served (the “Prepayment Date”), prepay such part of the Loan as shall eliminate the shortfall.
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Provision of additional security; prepayment. (a) If the Facility Agent serves a notice on the Borrowers under Clause 24.1 23.1 (Minimum required security coverMaximum allowed loan to value ratio), the Borrowers shall, on or before the date falling 30 Business Days after the date on which the Facility Agent’s notice is served (the “Prepayment Date”), prepay such part of the Loan as shall eliminate the shortfall.
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Provision of additional security; prepayment. (a) If the Facility Agent serves a notice on the Borrowers Borrower under Clause 24.1 (Minimum required security cover), the Borrowers Borrower shall, on or before the date falling 30 Business Days one Month after the date on which the Facility Agent’s notice is served (the “Prepayment Date”), prepay such part of the Loan as shall eliminate the shortfall.
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Provision of additional security; prepayment. (a) If the Facility Agent serves a notice on the Borrowers under Clause 24.1 27.1 (Minimum required security cover), the Borrowers shall, on or before the date falling 30 Business Days one month after the date (the "Prepayment Date") on which the Facility Agent’s 's notice is served (the “Prepayment Date”)served, prepay such part of the Loan as shall eliminate the shortfall.
Appears in 1 contract
Provision of additional security; prepayment. (a) If the Facility Agent serves a notice on the Borrowers under Clause 24.1 29.1 (Minimum required security cover), the Borrowers shall, on or before the date falling 30 Business Days days after the date (the “Prepayment Date”) on which the Facility Agent’s notice is served (the “Prepayment Date”)served, prepay such part of the Loan as shall eliminate the shortfall..
Appears in 1 contract
Provision of additional security; prepayment. (a) If the Facility Agent serves a notice on the Borrowers under Clause 24.1 26.1 (Minimum required security cover), the Borrowers shall, on or before the date falling 30 Business Days one Month after the date (the “Prepayment Date”) on which the Facility Agent’s notice is served (the “Prepayment Date”)served, prepay such part of the Loan as shall eliminate the shortfall.
Appears in 1 contract
Provision of additional security; prepayment. (a) If the Facility Agent serves a notice on the Borrowers under Clause 24.1 27.1 (Minimum required security cover), the Borrowers shall, on or before the date falling 30 Business Days days after the date (the "Prepayment Date") on which the Facility Agent’s 's notice is served (the “Prepayment Date”)served, prepay such part of the Loan as shall eliminate the shortfall.
Appears in 1 contract
Provision of additional security; prepayment. (a) If the Facility Agent serves a notice on the Borrowers Borrower under Clause 24.1 (Minimum required security cover), the Borrowers Borrower shall, on or before the date falling 30 Business Days one Month after the date on which the Facility Agent’s 's notice is served (the “"Prepayment Date”"), prepay such part of the Loan as shall eliminate the shortfall.
Appears in 1 contract
Samples: Assignment Agreement (Euroseas Ltd.)
Provision of additional security; prepayment. (a) If the Facility Agent serves a notice on the Borrowers under Clause 24.1 25.1 (Minimum required security coverMaximum loan to value ratio), the Borrowers shall, on or before the date falling 30 Business Days days after the date (the "Prepayment Date") on which the Facility Agent’s 's notice is served (the “Prepayment Date”)served, prepay such part of the Loan as shall eliminate the shortfallshortfall and reduce the Loan Value Ratio to the applicable Relevant Percentage.
Appears in 1 contract
Samples: Agreement (Global Ship Lease, Inc.)
Provision of additional security; prepayment. (a) If the Facility Agent serves a notice on the Borrowers under Clause 24.1 29.1 (Minimum required security cover), the Borrowers shall, on or before the date falling 30 Business Days days after the date (the "Prepayment Date") on which the Facility Agent’s 's notice is served (the “Prepayment Date”)served, prepay such part of the Loan as shall eliminate the shortfall.
Appears in 1 contract
Provision of additional security; prepayment. (a) If the Facility Agent serves a notice on the Borrowers Borrower under Clause 24.1 25.1 (Minimum required security cover), the Borrowers Borrower shall, on or before the date falling 30 Business Days one Month after the date (the “Prepayment Date”) on which the Facility Agent’s notice is served (the “Prepayment Date”)served, prepay such part of the Loan as shall eliminate the shortfall.
Appears in 1 contract
Samples: Facility Agreement (Grindrod Shipping Holdings Pte. Ltd.)
Provision of additional security; prepayment. (a) If the Facility Agent serves a notice on the Borrowers under Clause 24.1 25.1 (Minimum required security cover), the Borrowers shall, on or before the date falling 30 15 Business Days after the date (the "Prepayment Date") on which the Facility Agent’s 's notice is served (the “Prepayment Date”)served, prepay such part of the Loan as shall eliminate the shortfall.
Appears in 1 contract
Provision of additional security; prepayment. (a) If the Facility Agent serves a notice on the Borrowers under Clause 24.1 27.1 (Minimum required security cover), the Borrowers shall, on or before the date falling 30 Business Days one month after the date (the “Prepayment Date”) on which the Facility Agent’s notice is served (the “Prepayment Date”)served, prepay such part of the Loan as shall eliminate the shortfall.
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Provision of additional security; prepayment. (a) If the Facility Agent serves a notice on the Borrowers under Clause 24.1 25.1 (Minimum Maximum allowed required security coverloan to value ratio), the Borrowers shall, on or before the date falling 30 15 Business Days after the date (the "Prepayment Date") on which the Facility Agent’s 's notice is served (the “Prepayment Date”)served, prepay such part of the Loan as shall eliminate the shortfall.
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Provision of additional security; prepayment. (a) If the Facility Agent serves a notice on the Borrowers Borrower under Clause 24.1 25.3 (Minimum required security cover), ) the Borrowers shall, Borrower shall on or before the date falling 30 Business Days one Month after the date (the "Prepayment Date") on which the Facility Agent’s 's notice is served (the “Prepayment Date”), prepay such part of the Loan as shall eliminate the shortfall.either:
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Provision of additional security; prepayment. (a) If the Facility Agent serves a notice on the Borrowers Borrower under Clause 24.1 (Minimum required security cover), the Borrowers Borrower shall, on or before the date falling 30 Business Days 45 days after the date (the "Prepayment Date") on which the Facility Agent’s 's notice is served (the “Prepayment Date”)served, prepay such part of the Loan relating to the Term Loan Facility as shall eliminate the shortfall.
Appears in 1 contract
Samples: Assignment Agreement (Taylor Maritime Investments LTD)
Provision of additional security; prepayment. (a) If the Facility Agent serves a notice on the Borrowers under Clause 24.1 29.1 (Minimum required security cover), the Borrowers shall, on or before the date falling 30 Business Days one month after the date (the “Prepayment Date”) on which the Facility Agent’s notice is served (the “Prepayment Date”)served, prepay such part of the Loan as shall eliminate the shortfall.
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Provision of additional security; prepayment. (a) If the Facility Agent serves a notice on the Borrowers Borrower under Clause 24.1 (Minimum required security cover), the Borrowers Borrower shall, on or before the date falling 30 Business Days days after the date (the “Prepayment Date”) on which the Facility Agent’s notice is served (the “Prepayment Date”)served, prepay such part of the Loan as shall eliminate the shortfall.
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Provision of additional security; prepayment. (a) If the Facility Agent serves a notice on the Borrowers Borrower under Clause 24.1 24.2 (Minimum required security cover), ) the Borrowers shall, Borrower shall on or before the date falling 30 Business Days one Month after the date (the "Prepayment Date") on which the Facility Agent’s 's notice is served (the “Prepayment Date”), prepay such part of the Loan as shall eliminate the shortfall.either:
Appears in 1 contract
Provision of additional security; prepayment. (a) If the Facility Agent serves a notice on the Borrowers under Clause 24.1 25.1 (Minimum required security cover), the Borrowers shall, on or before the date falling 30 Business Days days after the date (the “Prepayment Date”) on which the Facility Agent’s notice is served (the “Prepayment Date”)served, prepay such part of the Loan as shall eliminate the shortfall.
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