Common use of Right of prepayment and cancellation Clause in Contracts

Right of prepayment and cancellation. If: (a) any Borrower is required to pay or is notified by any Lender in writing that it will be required to pay any amount to a Lender under Clause 10 (Taxes) or Clause 12 (Increased Costs); or (b) if circumstances exist such that a Borrower will be required to pay any amount to a Lender under Clause 10 (Taxes); or (c) any Lender notifies the Agent pursuant to Clause 8.1(c) (Interest Rate for all Advances) that they incur Reserve Asset Costs of the type referred to under paragraph (b) of the definition thereof, Vodafone may, whilst (in the case of paragraphs (a) and (b) above) the circumstances giving rise or which will give rise to the requirement continue or, (in the case of paragraph (c) above) such Reserve Asset Costs are greater than zero, serve a notice of prepayment and cancellation on that Lender through the Agent. On the date falling five Business Days after the date of service of the notice: Back to Index (i) each Borrower will prepay the participations of that Lender in all outstanding Advances made to that Borrower; and (ii) the Lender's Commitments shall be permanently cancelled on the date of service of the notice.

Right of prepayment and cancellation. If: (a) any Borrower is required to pay or is notified by any Lender in writing that it will be required to pay any amount to a Lender under Clause 10 (Taxes) or Clause 12 (Increased Costs); , or (b) if circumstances exist such that a Borrower will be required to pay any amount to a Lender under Clause 10 (Taxes); , or (c) any Lender notifies the Agent pursuant to Clause 8.1(c8.2(c) (Interest Rate for all Advances) that they incur Reserve Asset Costs of the type referred to under paragraph (b) of the definition thereof, Vodafone may, whilst (in the case of paragraphs (a) and (b) above) the circumstances giving rise or which will give rise to the requirement continue or, (in the case of paragraph (c) above) such Reserve Asset Costs are greater than zero, serve a notice of prepayment and cancellation on that Lender through the Agent. On the date falling five Business Days after the date of service of the notice: Back to Index: (i) each Borrower will prepay the participations of that Lender in all outstanding Advances made to that Borrower; and (ii) the Lender's Commitments shall be permanently cancelled on the date of service of the notice.

Right of prepayment and cancellation. If: (a) any Borrower is required to pay or is notified by any Lender in writing that it will be required to pay any amount to a Lender under Clause 10 (Taxes) or Clause 12 (Increased Costs); or (b) if circumstances exist such that a Borrower will be required to pay any amount to a Lender under Clause 10 (Taxes); or (c) any Lender notifies the Agent pursuant to Clause 8.1(c) (Interest Rate for all Advances) that they incur Reserve Asset Costs of the type referred to under paragraph (b) of the definition thereof, Vodafone may, whilst (in the case of paragraphs (a) and (b) above) the circumstances giving rise or which will give rise to the requirement continue or, (in the case of paragraph (c) above) such Reserve Asset Costs are greater than zero, serve a notice of prepayment and cancellation on that Lender through the Agent. On the date falling five Business Days after the date of service of the notice: Back to Index: (i) each Borrower will prepay the participations of that Lender in all outstanding Advances made to that Borrower; andand Back to Contents (ii) the Lender's Commitments shall be permanently cancelled on the date of service of the notice.

Right of prepayment and cancellation. If: (a) any Borrower is required to pay or is notified by any Lender in writing that it will be required to pay any amount to a Lender under Clause 10 (Taxes) or Clause 12 (Increased Costs); , or (b) if circumstances exist such that a Borrower will be required to pay any amount to a Lender under Clause 10 (Taxes); , or (c) any Lender notifies the Agent pursuant to Clause 8.1(c8.2(c) (Interest Rate for all Advances) that they incur Reserve Asset Costs of the type referred to under paragraph (b) of the definition thereof, Vodafone may, whilst (in the case of paragraphs (a) and (b) above) the circumstances giving rise or which will give rise to the requirement continue or, (in the case of paragraph (c) above) such Reserve Asset Costs are greater than zero, serve a notice of prepayment and cancellation on that Lender through the Agent. On the date falling five Business Days after the date of service of the notice: Back to Index: (i) each Borrower will prepay the participations of that Lender in all outstanding Advances made to that Borrower; and (ii) the Lender's ’s Commitments shall be permanently cancelled on the date of service of the notice.

Right of prepayment and cancellation. If: (a) any Borrower is required to pay or is notified by any Lender in writing that it will be required to pay any amount to a Lender under Clause 10 (Taxes) or Clause 12 (Increased Costs); or (b) if circumstances exist such that a Borrower will be required to pay any amount to a Lender under Clause 10 (Taxes); or (c) any Lender notifies the Agent pursuant to Clause 8.1(c) (Interest Rate rate for all Advances) that they incur Reserve Asset Costs of the type referred to under paragraph (b) of the definition thereof, Vodafone may, whilst (in the case of paragraphs (a) and (b) above) the circumstances giving rise or which will give rise to the requirement continue or, (in the case of paragraph (c) above) such Reserve Asset Costs are greater than zero, serve a notice of prepayment and cancellation on that Lender through the Agent. On the date falling five Business Days after the date of service of the notice: Back to Index: (i) each Borrower will prepay the participations of that Lender in all outstanding Advances made to that Borrower; and (ii) the Lender's ’s Commitments shall be permanently cancelled on the date of service of the notice.