Common use of Automatic Cancellation of the Total Commitments Clause in Contracts

Automatic Cancellation of the Total Commitments. The Commitment of each Bank shall be automatically cancelled at close of business on the last day of the Availability Period.

Appears in 3 contracts

Samples: Agreement (Scottish Power PLC), Subordination Agreement (Azurix Corp), Agreement (Azurix Corp)

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Automatic Cancellation of the Total Commitments. The Subject to Clause 10 (Term-out option), the relevant Commitment of each Bank shall be automatically cancelled at close of business on the last day of the relevant Availability Period.

Appears in 1 contract

Samples: Agreement (Scottish Power PLC)

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Automatic Cancellation of the Total Commitments. The Any undrawn Commitment of each a Bank shall be automatically cancelled at close of business on the last day of the Availability Period.

Appears in 1 contract

Samples: Agreement (Celltech Group PLC)

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