Common use of Provision of additional security; prepayment Clause in Contracts

Provision of additional security; prepayment. (a) If the Agent serves a notice on the Borrowers under Clause 15.1 (Minimum required security cover), the Borrowers shall prepay such part (at least) of the Loan as will eliminate the shortfall on or before the date falling 1 month after the date on which the Agent’s notice is served under Clause 15.1 (Minimum required security cover) (the “Prepayment Date”) unless at least 1 Business Day before the Prepayment Date it has provided, or ensured that a third party has provided, additional security which, in the reasonable opinion of the Majority Lenders, has a net realisable value at least equal to the shortfall.

Provision of additional security; prepayment. (a) If the Agent (acting on the instructions of the Majority Lenders) serves a notice on the Borrowers under Clause 15.1 (Minimum required security cover)15.1, the Borrowers shall prepay such part (at least) least of the Loan as will eliminate the shortfall on or before the date falling 1 month 30 days after the date on which the Agent’s notice is served under Clause 15.1 (Minimum required security cover) (the “Prepayment Date”) unless at least 1 Business Day before the Prepayment Date it has the Borrowers have provided, or ensured that a third party has provided, additional security which, in the reasonable opinion of the Majority LendersXxxxxxx, has a net realisable value at least equal to the shortfallshortfall and is documented in such terms as the Agent may, with the authorisation of the Majority Lenders, reasonably approve or require.

Provision of additional security; prepayment. (a) If the Agent serves a notice on the Borrowers Borrower under Clause 15.1 (Minimum required security cover), the Borrowers Borrower shall prepay such part (at least) of the Loan as will eliminate the shortfall on or before the date falling 1 month after the date on which the Agent’s 's notice is served under Clause 15.1 (Minimum required security cover) (the “"Prepayment Date”") unless at least 1 Business Day before the Prepayment Date it has provided, or ensured that a third party has provided, additional security which, in the reasonable opinion of the Majority Lenders, has a net realisable value at least equal to the shortfallshortfall and which has been documented in such terms as the Agent may, with the authorisation of the Majority Lenders, approve or require.

Provision of additional security; prepayment. (a) If the Agent (acting on the instructions of the Majority Lenders) serves a notice on the Borrowers under Clause 15.1 (Minimum required security cover)15.1, the Borrowers shall prepay such part (at least) least of the Loan as will eliminate the shortfall on or before the date falling 1 month 10 Business Days after the date on which the Agent’s notice is served under Clause 15.1 (Minimum required security cover) (the “Prepayment Date”) unless at least 1 Business Day before the Prepayment Date it has the Borrowers have provided, or ensured that a third party has provided, additional security which, in the reasonable opinion of the Majority Lenders, has a net realisable value at least equal to the shortfallshortfall and is documented in such terms as the Agent may, with the authorisation of the Majority Lenders, reasonably approve or require.