Prepayment; termination of Commitment. A notice under Clause 24.5 shall be irrevocable; the Agent shall promptly notify the Notifying Lender of the Borrowers’ notice of intended prepayment; and:
Prepayment; termination of Commitment. On the Agent notifying the Borrower under Clause 23.2, the Notifying Lender’s Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s Contribution in accordance with Clause 8.
Prepayment; termination of Commitment. A notice under Clause 23.3 shall be irrevocable; and on the date specified in the Borrower’s notice of intended prepayment, the Borrower shall prepay (without premium or penalty) the Loan together with accrued interest thereon at the applicable rate plus the Margin.
Prepayment; termination of Commitment. On the Agent notifying the Borrower under Clause 23.2, subject to the consent and participation of the Notifying Lender, the Creditor Parties shall use reasonable efforts to transfer the Notifying Lender's Commitment to a lending office in a jurisdiction not affected by the events described in Clause 23.1 and, if they are unable to successfully transfer the Notifying Lender's Commitment within a time frame selected in their discretion, the Notifying Lender's Commitment shall be immediately cancelled; and thereupon or, if later, on the date specified in the Notifying Lender's notice under Clause 23.1 as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender's Contribution on the last day of the then current Interest Period in accordance with clauses 8.10 and 8.11(a).
Prepayment; termination of Commitment. On the Agent notifying the Borrower under Clause 23.2 (Notification of Illegality), the Notifying Lender’s Commitment shall be immediately cancelled; and thereupon or, if later, on the date specified in the Notifying Lender’s notice under Clause 23.1 (Illegality) as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender’s Contribution on the last day of the then current Interest Period in accordance with Clauses 8.10 (Amounts payable on prepayment) and 8.11 (Application of partial prepayment of cancellation).
Prepayment; termination of Commitment. (a) After notification under paragraph (c) above or (in case the Interest Make-Up Agreement has ceased to be in force and effect or the Fixed Interest Rate has not been selected pursuant to Clause 3.5(a)(ii)) after notification under paragraph (a) above and subject to Clause 21.4 below the Borrower must repay or prepay that Lender’s share in the Loan on the date specified in paragraph (c) below together with any Breakage Costs payable under Clause 20.2 (Breakage Costs and SIMEST Arrangements) and any indemnity payable under Clause 20.2(c) in respect of the Interest Make-Up Agreement;
Prepayment; termination of Commitment. (a) On the Agent notifying the Borrower under Clause 24.2 (Notification of illegality), the Creditor Party's Commitment shall terminate; and to the extent that the Lender’s Contribution has not been transferred pursuant to Clause 31.17 (Replacement of Lender by Xxxxxxxx), thereupon or, if later, on the date specified in the Notifying Creditor Party's notice under Clause 24 (Illegality, etc.) as the date on which the notified event would become effective the Borrower shall prepay the Notifying Creditor Party's Contribution in accordance with Clause 9 (Reduction, Repayment, Prepayment and Cancellation). (b) Upon the termination of a Notifying Creditor Party's Commitment and prepayment by the Borrower of such Notifying Creditor Party's Contribution pursuant to paragraph (a) above: (i) the amounts by which the Revolving Facility is scheduled to be reduced pursuant to Clause 9.1 (Reduction of Total Revolving Commitments) shall each be reduced, on a pro-rata basis, by an amount equal in aggregate to the sum prepaid by the Borrower in respect of a Notifying Creditor Party's Contribution under the Revolving Facility pursuant to paragraph (a) above; and
Prepayment; termination of Commitment. On the Agent notifying the Borrower under Clause 23.2, the Notifying Lender's Commitment shall terminate; and thereupon or, if later, on the date specified in the Notifying Lender's notice under Clause 23.1 as the date on which the notified event would become effective the Borrower shall prepay the Notifying Lender's Contribution in accordance with Clause 8 Provided that if the illegality relates to circumstances in which the relevant Approved Flag State in respect of a Ship is likely to be deemed a Restricted Party (in the opinion of the Notifying Lender) and the conditions for changing the Approved Flag State pursuant to Clause 14.2 are capable of being satisfied by the Borrower prior to the relevant Approved Flag State becoming a Restricted Party for the purposes of any applicable Sanctions, the Borrower shall be entitled to elect to change the relevant Approved Flag State instead of prepaying the Notifying Lender's Contribution.
Prepayment; termination of Commitment. In the event the Borrowers terminate the Revolving Credit Commitment prior to the Maturity Date, the Borrowers shall pay the Lender (i) an early termination premium equal to the sum of the Revolving Credit Commitment multiplied by 1.00%, if such termination occurs in the first twelve (12) month period immediately following the Closing Date, and (ii) an early termination premium equal to the sum of the Revolving Credit Commitment multiplied by 50%, if such termination occurs in the second twelve month period immediately following the Closing Date. The Borrowers shall not be required to pay the Lender an early termination premium in the third twelve month period following the Closing Date if no Event of Default has occurred and is continuing. If an Event of Default has occurred and is continuing, the Borrowers shall pay early termination premium equal to the sum of the Revolving Credit Commitment multiplied by .50% in the third twelve month period following the Closing Date. No premium will be earned if the revolving credit facilities are moved into the New York Middle Market Group of the Lender Affiliate.
