Common use of Cancellation by the Borrower/Recipient Clause in Contracts

Cancellation by the Borrower/Recipient. After consultation with the Fund and with the concurrence of the Guarantor, the Borrower/Recipient may by notice to the Fund cancel any unwithdrawn amount of the Financing, except for amounts subject to Special Commitment. Such cancellation shall become effective upon acknowledgement thereof by the Fund.

Appears in 4 contracts

Samples: Financing Agreement, Project Agreement, Financing Agreement

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Cancellation by the Borrower/Recipient. After consultation with the Fund and with the concurrence of the Guarantor, the Borrower/Borrower/ Recipient may by notice to the Fund cancel any unwithdrawn amount of the Financing, except for amounts subject to Special Commitment. Such cancellation shall become effective upon acknowledgement thereof by the Fund.

Appears in 2 contracts

Samples: Financing Agreement, Financing Agreement

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