Common use of 06A Borrower’s right to cancel Clause in Contracts

06A Borrower’s right to cancel. The Borrower may at any time by notice given to the Bank cancel, in whole or in part and with immediate effect, the undisbursed portion of the Credit. However, the notice shall have no effect on a Notified Tranche whose Scheduled Disbursement Date falls within five (5) Luxembourg Business Days following the date of the notice.

Appears in 2 contracts

Samples: Finance Contract, Finance Contract

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06A Borrower’s right to cancel. The Borrower may at any time by notice given in writing to the Bank cancel, in whole or in part and with immediate effect, the undisbursed portion of the Credit. However, the notice shall have no effect on in respect of an Accepted Tranche which has a Notified Tranche whose Scheduled Disbursement Date falls falling within five 5 (5five) Luxembourg Business Days following of the date of the notice.

Appears in 2 contracts

Samples: Finance Contract (Innocoll AG), Research and Development Facility Agreement (Xylem Inc.)

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06A Borrower’s right to cancel. The Borrower may at any time by notice given to the Bank Bank, with a copy to the Guarantor, cancel, in whole or in part and with immediate effect, the undisbursed portion of the Credit. However, the notice shall have no effect on a Notified Tranche whose Scheduled Disbursement Date falls within five seven (57) Luxembourg Business Days following the date of the notice.

Appears in 1 contract

Samples: Finance Contract

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