Right of Cancellation and repayment in relation to a single Lender
Notice of Cancellation or Change There shall be no cancellation, change, potential exhaustion of aggregate limits or non-renewal of insurance coverage(s) without thirty (30) days written prior written notice to the State.
Notice of Cancellation Each insurance policy required above shall provide that coverage shall not be canceled, except with notice to City.
Voluntary Cancellation The Borrower may, if it gives the Agent not less than 5 Business Days’ (or such shorter period as the Majority Lenders may agree) prior notice, cancel the whole or any part (being a minimum amount of $5,000,000) of the Available Facility. Any cancellation under this Clause 7.3 shall reduce the Commitments of the Lenders rateably. Any amounts cancelled under this Clause 7.3 may not be reinstated.
Shift Cancellation If any nurse is cancelled with less than twenty four (24) hours notice of the commencement of their assigned duties she shall be paid a minimum of three (3) hours pay at the applicable rate of pay. Notice will be left on the employee’s work voice mail.