Common use of Automatic cancellation Clause in Contracts

Automatic cancellation. At the close of business in London on the last Business Day of the Availability Period for the Facility, the undrawn Commitment of each Lender under the Facility at that time shall be automatically cancelled.

Appears in 14 contracts

Samples: Loan Agreement (Kosmos Energy Ltd.), Loan Agreement (Kosmos Energy Ltd.), Loan Agreement (Kosmos Energy Ltd.)

AutoNDA by SimpleDocs

Automatic cancellation. At The Commitments of each Lender under each Facility will be automatically cancelled at the close of business in London on the last Business Day day of the Availability Period for that Facility to the Facility, the extent undrawn Commitment of each Lender under the Facility at that time shall be automatically cancelleddate.

Appears in 2 contracts

Samples: Senior Credit Agreement (Kabel Deutschland Vertrieb Und Service GmbH & Co. KG), Senior Credit Agreement (Kabel Deutschland GmbH)

Automatic cancellation. At The undrawn Commitments of each Lender under each Facility will be automatically cancelled at the close of business in London on the last Business Day day of the Availability Period for the that Facility, the undrawn Commitment of each Lender under the Facility at that time shall be automatically cancelled.

Appears in 2 contracts

Samples: Senior Credit Facility (Smurfit Kappa Funding PLC), Senior Credit Facility Agreement (JSG Funding PLC)

Automatic cancellation. At The Commitments of each Lender under each Facility will, to the extent undrawn at that date, be automatically cancelled at the close of business in London on the last Business Day day of the Availability Period for the that Facility, the undrawn Commitment of each Lender under the Facility at that time shall be automatically cancelled.

Appears in 1 contract

Samples: Credit Facility Agreement (Valentia Telecommunications)

AutoNDA by SimpleDocs

Automatic cancellation. (A) At the close of business in London on the last Business Day of the Availability Period for the a Facility, the undrawn Commitment of each Lender under the that Facility at that time shall be automatically cancelled.

Appears in 1 contract

Samples: Common Terms Agreement (Kosmos Energy Ltd.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!