Common use of Application of Cancellation Clause in Contracts

Application of Cancellation. Except as ADB and the Borrower shall otherwise agree, any cancellation shall be applied pro rata to the remaining maturities of the principal amount of the Loan which shall mature after the date of such cancellation.

Application of Cancellation. Except as ADB and the Borrower shall otherwise otheiwise agree, any cancellation shall be applied pro rata to the remaining maturities of the principal amount of the Loan which shall mature after the date of such cancellation.