Common use of Cancellation after expiry of the Credit Clause in Contracts

Cancellation after expiry of the Credit. On the day following the Final Availability Date, and unless otherwise specifically agreed to in writing by the Bank, any part of the Credit in respect of which no Disbursement Acceptance has been received in accordance with Article 2.2.3 (Disbursement Acceptance) shall be automatically cancelled, without any notice being served by the Bank to the Borrower.

Appears in 4 contracts

Samples: Finance Contract (Brenmiller Energy Ltd.), Finance Contract, Finance Contract (CureVac B.V.)

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Cancellation after expiry of the Credit. On the day following the Final Availability Date, and unless otherwise specifically agreed to in writing by the Bank, any the part of the Credit in respect of which no Disbursement Acceptance Request has been received made in accordance with Article 2.2.3 (Disbursement Acceptance) 1.02B shall be automatically cancelled, without any notice being served by the Bank to the BorrowerBorrowers and without liability arising on the part of the Parties.

Appears in 3 contracts

Samples: Amendment Agreement (LivaNova PLC), Finance Contract (LivaNova PLC), Finance Contract (LivaNova PLC)

Cancellation after expiry of the Credit. On the day following the Final Availability Date, and unless otherwise specifically agreed to in writing by the Bank, any the part of the Credit in respect of which no Disbursement Acceptance Request has been received made in accordance with Article 2.2.3 (Disbursement Acceptance) 1.02B shall be automatically cancelled, without any notice being served by the Bank to the BorrowerBorrower and without liability arising on the part of either party.

Appears in 3 contracts

Samples: Amendment and Restatement Agreement (Opgen Inc), Finance Contract (Pacificorp /Or/), Finance Contract

Cancellation after expiry of the Credit. On the day following the Final Availability Date, and unless otherwise specifically agreed to in writing by the Bank, any part of the Credit in respect of which no Disbursement Acceptance has been received in accordance with Article 2.2.3 (Disbursement Acceptance) shall be automatically cancelled, without any notice being served by the Bank to the Borrower.

Appears in 2 contracts

Samples: Finance Contract (Nanobiotix S.A.), Finance Contract (Nanobiotix S.A.)

Cancellation after expiry of the Credit. On the day following the Final Availability Date, Date and unless otherwise specifically agreed to in writing by the Bank, any the part of the Credit in respect of which no Disbursement Acceptance Request has been received made in accordance with Article 2.2.3 (Disbursement Acceptance) 1.02B shall be automatically cancelled, without any notice being served by the Bank to on the BorrowerBorrower and without liability arising on the part of either party.

Appears in 2 contracts

Samples: Co Financing Finance Contract, Finance Contract

Cancellation after expiry of the Credit. On Any time following the day following expiry of a period of 4 (four) months after the Final Availability Date, the Bank may by notice to the Borrower and unless otherwise specifically agreed to in writing by without liability arising on the Bankpart of either party, cancel any part of the Credit in respect of which no Disbursement Acceptance has been received made in accordance with Article 2.2.3 (Disbursement Acceptance) shall be automatically cancelled, without any notice being served by the Bank to the Borrower.1.02C.

Appears in 2 contracts

Samples: Finance Contract, Finance Contract

Cancellation after expiry of the Credit. On the day following the Final Availability Date, and unless otherwise specifically agreed to in writing by the Bank, any the part of the Credit in respect of which no Disbursement Acceptance has been received made in accordance with Article 2.2.3 (Disbursement Acceptance) 1.02C shall be automatically cancelled, without any notice being served by the Bank to either Borrower and without liability arising on the Borrowerpart of either party.

Appears in 2 contracts

Samples: Finance Contract (Xylem Inc.), Finance Contract (Xylem Inc.)

Cancellation after expiry of the Credit. On the day following the Final Availability Date, and unless otherwise specifically agreed to in writing by the Bank, any the part of the Credit in respect of which no Disbursement Acceptance has been received in accordance with Article 2.2.3 (Disbursement Acceptance) 1.02C shall be automatically cancelled, without any notice being served by the Bank to the BorrowerBorrower and without liability arising on the part of either party.

Appears in 2 contracts

Samples: Finance Contract, Finance Contract

Cancellation after expiry of the Credit. On the day following the Final Availability Date, and unless otherwise specifically agreed to notified in writing by the BankBank to the Borrower, any part of the Credit in respect of which no Disbursement Acceptance has been received in accordance with Article 2.2.3 (Disbursement Acceptance) 1.2.C shall be automatically cancelled, without any further notice being served by from the Bank to the BorrowerBorrower and without any liability arising on the part of either Party.

Appears in 2 contracts

Samples: Finance Contract (Agco Corp /De), Finance Contract

Cancellation after expiry of the Credit. On the day following the Final Availability Date, and unless otherwise specifically agreed to notified in writing by the BankBank to the Borrower, any part of the Credit in respect of which no Disbursement Acceptance has been received in accordance with Article 2.2.3 (Disbursement Acceptance) shall be automatically cancelled, without any further notice being served by from the Bank to the Borrower.

Appears in 2 contracts

Samples: Finance Contract (Inventiva S.A.), Finance Contract (Cellectis S.A.)

Cancellation after expiry of the Credit. On the day following the Final Availability Date, and unless otherwise specifically agreed to in writing by the Bank, any the part of the Credit in respect of which no Disbursement Acceptance Request has been received made in accordance with Article 2.2.3 (Disbursement Acceptance) 1.02B shall be automatically cancelled, cancelled without any notice being served by the Bank to on the BorrowerBorrower and without liability arising on the part of either party.

Appears in 1 contract

Samples: Finance Contract (Agco Corp /De)

Cancellation after expiry of the Credit. On the day following the Final Availability Date, and unless otherwise specifically agreed to in writing by the Bank, any the part of the Credit in respect of which no Disbursement Acceptance has been received made in accordance with Article 2.2.3 (Disbursement Acceptance) 1.02C shall be automatically cancelled, without any notice being served by the Bank to the BorrowerBorrower and without liability arising on the part of either party.

Appears in 1 contract

Samples: Research and Development Facility Agreement (Xylem Inc.)

Cancellation after expiry of the Credit. On the day following the Final Availability Date, and unless otherwise specifically agreed to in writing by the Bank, any the part of the Credit in respect of which no Disbursement Acceptance has been received by the Bank in accordance with Article 2.2.3 (Disbursement Acceptance) 1.02C shall be automatically cancelled, without any notice being served by the Bank to the BorrowerBorrower and without liability arising on the part of either party.

Appears in 1 contract

Samples: Finance Contract

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Cancellation after expiry of the Credit. On the day following the Final Availability Date, and unless otherwise specifically agreed to notified in writing by the BankBank to the Borrower, any part of the Credit in respect of which no Disbursement Acceptance has been received in accordance with Article 2.2.3 (Disbursement Acceptance) 1.2.C shall be automatically cancelled, without any further notice being served by from the Bank to the BorrowerBorrower and without any liability arising on the part of either Party.

Appears in 1 contract

Samples: Finance Contract

Cancellation after expiry of the Credit. On the day following the Final Availability Date, and unless otherwise specifically agreed to in writing by the Bank, any the part of the Credit in respect of which no Disbursement Acceptance Request has been received made in accordance with Article 2.2.3 (Disbursement Acceptance) 1.028 shall be automatically cancelled, without any notice being served by the Bank to the BorrowerBorrowers and without liability arising on the Parties.

Appears in 1 contract

Samples: Finance Contract (LivaNova PLC)

Cancellation after expiry of the Credit. On the day following the Final Availability Date, and unless otherwise specifically agreed to in writing by the Bank, any the part of the Credit in respect of which no Disbursement Acceptance has been received provided in accordance with Article 2.2.3 (Disbursement Acceptance) shall be automatically cancelled, without any notice being served by the Bank to the BorrowerBorrower and without liability arising on the part of either party.

Appears in 1 contract

Samples: Finance Contract (Evotec SE)

Cancellation after expiry of the Credit. On the day following the Final Availability Date, and unless otherwise specifically agreed to in writing by the Bank, any the part of the Credit in respect of which no Disbursement Acceptance has been received made in accordance with Article 2.2.3 (Disbursement Acceptance) 1.02C shall be automatically cancelled, without any notice being served by the Bank to the Borrower.Borrower and without liability arising on the part of either party.‌

Appears in 1 contract

Samples: Finance Contract

Cancellation after expiry of the Credit. On the day following the Final Availability Date, and unless otherwise specifically agreed to in writing by the Bank, any part of the Credit in respect of which no Disbursement Acceptance has been received in accordance with Article 2.2.3 (Disbursement Acceptance) 1.2.C shall be automatically cancelled, without any notice being served by the Bank to the BorrowerBorrower and without liability arising on the part of either party.

Appears in 1 contract

Samples: Finance Contract

Cancellation after expiry of the Credit. On the day following the Final Availability Date, and unless otherwise specifically agreed to in writing by the Bank, any part of the Credit in respect of which no Disbursement Acceptance has been received in accordance with Article 2.2.3 2.2.2 (Disbursement Acceptance) shall be automatically cancelled, without any notice being served by the Bank to the Borrower.

Appears in 1 contract

Samples: Finance Contract (Immunic, Inc.)

Cancellation after expiry of the Credit. On the day following the Final Availability Date, and unless otherwise specifically agreed to in writing by the Bank, any the part of the Credit in respect of which no Disbursement Acceptance has been received made in accordance with Article 2.2.3 (Disbursement Acceptance) 1.02C shall be automatically cancelled, without any notice being served by the Bank to the BorrowerBorrower and without liability arising on the part of any party.

Appears in 1 contract

Samples: Finance Contract (Innocoll AG)

Cancellation after expiry of the Credit. On the day following the Final Availability Date, and unless otherwise specifically agreed to in writing by the Bank, any part of the Credit in respect of which no Disbursement Acceptance has been received in accordance with Article 2.2.3 (Disbursement Acceptance) shall be automatically cancelled, without any notice being served by the Bank to the Borrower. It being specified that Third Tranche has not been disbursed prior to the Final Availability Date.

Appears in 1 contract

Samples: Amendment Agreement (Nanobiotix S.A.)

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