Automatic cancellation. The unutilised Commitment (if any) of each Lender shall be automatically cancelled at close of business on the date on which the Loan is made available.
Appears in 2 contracts
Samples: Facility Agreement (United Maritime Corp), Term Loan Facility (Seanergy Maritime Holdings Corp.)
Automatic cancellation. The unutilised Commitment (if any) of each Lender shall be automatically cancelled at close of business on the date on which the Loan Delivery Advance is made available. Any cancellation under this Clause 7.2 (Automatic cancellation) shall reduce the Commitments of the Lenders rateably.
Appears in 2 contracts
Samples: Term Loan Facility (Ardmore Shipping Corp), Term Loan Facility (Ardmore Shipping Corp)
Automatic cancellation. The unutilised Commitment (if any) of each Lender shall be automatically cancelled at close of business on the date on which the Loan Advance is made available.
Appears in 2 contracts
Samples: Term Loan Facility (Grindrod Shipping Holdings Ltd.), Facility Agreement (Grindrod Shipping Holdings Pte. Ltd.)
Automatic cancellation. The unutilised Commitment (if any) of each Lender shall be automatically cancelled at close of business on the date on which the Loan last Tranche is made available.
Appears in 2 contracts
Samples: Facility Agreement (Okeanis Eco Tankers Corp.), Facility Agreement (Okeanis Eco Tankers Corp.)
Automatic cancellation. The unutilised Commitment (if any) of each Lender shall be automatically cancelled at the earlier of (i) close of business on the date on which the Loan is made availableavailable and (ii) at the end of the Availability Period.
Appears in 1 contract
Automatic cancellation. The unutilised Commitment (if any) of each Lender shall be automatically cancelled at close of business on the date on which the Loan is made availableavailable without penalty or prepayment fee.
Appears in 1 contract
