Common use of Cancellation and Repayment Clause in Contracts

Cancellation and Repayment. Subject to Clause 20.3 (Certain Funds Period), at any time after the occurrence of an Event of Default (and for so long as it is continuing), the Facility Agent may, and will if so directed by the Majority Lenders, by notice to the Parent do all or any of the following, in addition and without prejudice to any other rights or remedies which it or any other Finance Party may have under any other Senior Finance Document: (a) terminate the availability of the Facilities, whereupon the Facilities shall cease to be available for drawing, the undrawn portion of the Commitments of each of the Lenders shall be cancelled and no Lender shall be under any further obligation to make Advances or issue Bank Guarantees; and/or (b) declare all or any Advances, accrued interest on those Advances and any other amounts then payable under any Senior Finance Document to be immediately due and payable, whereupon those amounts shall become so due and payable; and/or (c) declare all or any Advances to be payable on demand, whereupon those Advances shall become payable on demand; and/or (d) require the provision of cash cover in relation to all or any outstanding Contingent Liabilities, whereupon each Borrower shall immediately provide cash cover in an amount equal to the total Contingent Liability of the Lenders under all Bank Guarantees issued for the account of the Borrowers.

Cancellation and Repayment. Subject to Clause 20.3 (Certain Funds Period), at At any time after the occurrence of an Event of Default (and for so long as it which is continuing), the Facility Agent may, and will if so directed by the Majority Lenders, by notice to the Parent do all or any of the following, in addition and without prejudice to any other rights or remedies which it or any other Finance Party may have under any other Senior Finance Document: (a) terminate the availability of the Facilities, whereupon the Facilities shall cease to be available for drawing, the undrawn portion of the Commitments of each of the Lenders shall be cancelled and no Lender shall be under any further obligation to make Advances or issue Bank Guarantees; and/or (b) declare all or any Advances, accrued interest on those Advances and any other amounts then payable under any Senior Finance Document to be immediately due and payable, whereupon those amounts shall become so due and payable; and/or (c) declare all or any Advances to be payable on demand, whereupon those Advances shall become payable on demand; and/or (d) require the provision of cash cover in relation to all or any outstanding Contingent Liabilities, whereupon each Borrower shall immediately provide cash cover in an amount equal to the total Contingent Liability of the Lenders under all Bank Guarantees issued for the account of the Borrowersthat Borrower.

Cancellation and Repayment. Subject to Clause 20.3 (Certain Funds Period), at At any time after the occurrence of an Event of Default (and for so long as it whether or not that Event of Default is then continuing), the Facility Agent may, and will if so directed by the Majority Lenders, by notice to Debtco if it is the Parent Principal Borrower and/or Bidco 2 do all or any of the following, in addition and without prejudice to any other rights or remedies which it or any other Finance Party may have under any other Senior Finance Document: (a) terminate the availability of the Facilities, whereupon the Facilities shall cease to be available for drawing, the undrawn portion of the Commitments of each of the Lenders shall be cancelled and no Lender shall be under any further obligation to make Advances or issue Bank Guarantees; and/or (b) declare all or any Advances, accrued interest on those Advances and any other amounts then payable under any Senior Finance Document to be immediately due and payable, whereupon those amounts shall become so due and payable; and/or (c) declare all or any Advances to be payable on demand, whereupon those Advances shall become payable on demand; and/or (d) require the provision of cash cover in relation to all or any outstanding Contingent Liabilities, whereupon each Borrower shall immediately provide cash cover in an amount equal to the total Contingent Liability of the Lenders under all Bank Guarantees issued for the account of the Borrowersthat Borrower.

Cancellation and Repayment. Subject to Clause 20.3 (Certain Funds Period), at At any time after the occurrence of an Event of Default (and for so long as it whether or not that Event of Default is then continuing), the Facility Agent mayLender shall be entitled to exercise and enforce without further notice or demand all or any of the rights, powers and will if so directed remedies under all or any of the Finance Documents then held by the Majority Lenders, Lender as security for the obligations of the Borrower under or pursuant to this Agreement if all amounts demanded by the Lender under this clause are not paid immediately or otherwise in accordance with such demand and may by notice to the Parent Borrower do all or any of the following, following in addition and without prejudice to any other rights or remedies which it or any other Finance Party may have under any other Senior Finance Document: (a) terminate the availability of the FacilitiesCommitment Amount, whereupon the Facilities Commitment Amount shall cease to be available for drawing, the undrawn portion of the Commitments of each of the Lenders Loan shall be cancelled and no the Lender shall not be under any further obligation to make Advances or issue Bank GuaranteesAdvances; and/or (b) declare all or any Advancesthe Advance, accrued interest on those Advances the Advance and any other amounts then payable under any Senior Finance Document to be immediately due and payable, whereupon those amounts shall become so due and payable; and/or (c) declare all or any Advances the Advance to be payable on demand, whereupon those Advances that Advance shall become payable on demand; and/or (d) require the provision of cash cover in relation to all or any outstanding Contingent Liabilities, whereupon each Borrower shall immediately provide cash cover in an amount equal to the total Contingent Liability of the Lenders under all Bank Guarantees issued for the account of the Borrowers.

Cancellation and Repayment. Subject to Clause 20.3 (Certain Funds Period), at At any time after the occurrence of an Event of Default (and for so long as it whilst the same is continuing), ) the Facility Agent may, and will if so directed by the Majority LendersBanks, by written notice to the Parent do all or any of the following, following in addition and without prejudice to any other rights or remedies which it or any other Senior Finance Party may have under this Agreement or any of the other Senior Finance Document:Documents:- (a) terminate the availability of the Facilities, Facilities whereupon the Facilities shall cease to be available for drawing, the undrawn portion of the Commitments of each of the Lenders Banks shall be cancelled and no Lender Bank shall be under any further obligation to make Advances under this Agreement and no further Letters of Credit or issue Bank GuaranteesGuarantees may be requested under this Agreement; and/or (b) declare all or any of the Advances, accrued interest on those Advances thereon and any other amounts sum then payable under this Agreement and any of the other Senior Finance Document Documents to be immediately due and payable, whereupon those such amounts shall become so due and payable; and/or (c) declare all or any of the Advances to be payable on demand, demand whereupon those Advances the same shall become payable on demand; and/or (d) require the provision of cash cover in relation to all or any outstanding Contingent Liabilities, whereupon each Borrower shall immediately provide cash cover in an amount equal to the total Contingent Liability of the Lenders Banks under all Letters of Credit and Bank Guarantees issued under this Agreement for the account of the Borrowersits account.

Cancellation and Repayment. Subject to Clause 20.3 (Certain Funds Period), at At any time after the occurrence of an Event of Default (and for so long as it whilst the same is continuing), ) the Facility Agent may, and will if so directed by the Majority LendersBanks, by written notice to the Parent Obligors’ Agent do all or any of the following, following in addition and without prejudice to any other rights or remedies which it or any other Senior Finance Party may have under this Agreement or any of the other Senior Finance DocumentDocuments: (a) terminate the availability of the Facilities, Facilities whereupon the Facilities shall cease to be available for drawing, the undrawn portion of the Commitments of each of the Lenders Banks shall be cancelled and no Lender Bank shall be under any further obligation to make Advances under this Agreement and no further Letters of Credit or issue Bank GuaranteesGuarantees may be requested under this Agreement; and/or (b) declare all or any Advances, accrued interest on those Advances thereon and any other amounts sum then payable under this Agreement and any of the other Senior Finance Document Documents to be immediately due and payable, whereupon those such amounts shall become so due and payable; and/or (c) declare all or any Advances to be payable on demand, demand whereupon those Advances the same shall become payable on demand; and/or (d) require the provision of cash cover in relation to all or any outstanding Contingent Liabilities, whereupon each Borrower shall immediately provide cash cover in an amount equal to the total Contingent Liability of the Lenders Banks under all Letters of Credit and Bank Guarantees issued under this Agreement for the account of the Borrowersits account.