Common use of Automatic cancellation Clause in Contracts

Automatic cancellation. At the close of business on the last day of the Availability Period in respect of each Facility, the Available Commitment of each Lender under such Facility shall be (if it has not already been) cancelled and reduced to zero.

Appears in 8 contracts

Samples: Facilities Agreement (Cemex Sab De Cv), Acquisition Facilities Agreement (Cemex Sa De Cv), Acquisition Facilities Agreement (Cemex Sab De Cv)

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Automatic cancellation. At The undrawn Commitment of each Lender in relation to the Facility will be automatically cancelled at the close of business on the last day of the Availability Period in respect of each Facility, the Available Commitment of each Lender under such Facility shall be (if it has not already been) cancelled and reduced to zeroPeriod.

Appears in 1 contract

Samples: Facility Agreement (Anthracite Capital Inc)

Automatic cancellation. At The undrawn Commitment of each Lender in relation to a Facility will be automatically cancelled at the close of business on the last day of the Availability Period in respect of each that Facility, the Available Commitment of each Lender under such Facility shall be (if it has not already been) cancelled and reduced to zero.

Appears in 1 contract

Samples: Senior Facilities Agreement (Central European Distribution Corp)

Automatic cancellation. At The Commitments of each Lender under a Facility will be automatically cancelled at the close of business on the last day of the Availability Period in respect of each for Loans under that Facility, the Available Commitment of each Lender under such Facility shall be (if it has not already been) cancelled and reduced to zero.

Appears in 1 contract

Samples: Credit Facility Agreement (International Paper Co /New/)

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Automatic cancellation. At the close of business on the last day of the Availability Period in respect of each FacilityPeriod, the Available Commitment of each Lender under such Facility shall be (if it has not already been) immediately cancelled and reduced to zero.

Appears in 1 contract

Samples: Facility Agreement (Golden Telecom Inc)

Automatic cancellation. At the close of business on the last day of the Availability Period in respect of each Facility, the Available Commitment of each Lender under such in respect of that Facility shall be (if it has not already been) immediately cancelled and reduced to zero.

Appears in 1 contract

Samples: Facility Agreement (Golden Telecom Inc)

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