Voluntary prepayment and cancellation. (a) If the Owner is, or will be, required to pay to a Lender a Tax Payment or an Increased Cost, the Owner may, while the requirement continues, give notice to the Facility Agent requesting prepayment and cancellation in respect of that Lender.
Appears in 8 contracts
Samples: Agreement (Ocean Rig UDW Inc.), Agreement (Ocean Rig UDW Inc.), Agreement (Ocean Rig UDW Inc.)
Voluntary prepayment and cancellation. (a) If the Owner Borrower is, or will be, required to pay to a Lender a Tax Payment or an Increased Cost, the Owner Borrower may, while the requirement continues, give notice to the Facility Agent requesting prepayment and cancellation in respect of that Lender.
Appears in 7 contracts
Samples: Agreement (Seaspan CORP), Agreement (Seaspan CORP), Agreement (Seaspan CORP)
Voluntary prepayment and cancellation. (a) If the Owner isBorrowers are, or will be, required to pay to a Lender a Tax Payment or an Increased Cost, the Owner Borrowers may, while the requirement continues, give notice to the Facility Agent requesting prepayment and cancellation in respect of that Lender.
Appears in 1 contract
Samples: Agreement (Seaspan CORP)
Voluntary prepayment and cancellation. (a) If either or both of the Owner Borrowers is, or will be, required to pay to a Lender a Tax Payment or an Increased Cost, the Owner relevant Borrower(s) may, while the requirement continues, give notice to the Facility Agent requesting prepayment and cancellation in respect of that Lender.
Appears in 1 contract
Samples: Agreement (Danaos Corp)
