Common use of ANNULMENT OF AGREEMENT Clause in Contracts

ANNULMENT OF AGREEMENT. The Department, in consultation with the Division, may unilaterally annul this Agreement if the Borrower has not drawn any of the Loan proceeds within six months of the first scheduled disbursement date referenced in Article IX. If the Department unilaterally annuls this Agreement, the Department will provide written notification to the Borrower.

ANNULMENT OF AGREEMENT. The Department, in consultation with the Division, Department may unilaterally annul this Agreement if the Borrower Agency has not drawn any of the Loan proceeds within six months of the first scheduled disbursement date referenced in Article IXDisbursement date. If the Department unilaterally annuls this Agreement, the Department will provide written notification to the BorrowerAgency.

ANNULMENT OF AGREEMENT. The Department, in consultation with the Division, may unilaterally annul this Agreement if the Borrower Agency has not drawn any of the Loan proceeds within six months of the first scheduled disbursement date referenced in Article IX. X. If the Department unilaterally annuls this Agreement, the Department will provide written notification to the BorrowerAgency.

ANNULMENT OF AGREEMENT. DRAFT The Department, in consultation with the Division, Department may unilaterally annul this Agreement if the Borrower has not drawn any of the Loan proceeds within six nine months of the first scheduled disbursement date referenced in Article IX. If the Department unilaterally annuls this Agreement, the Department will provide written notification to the Borrower.