Common use of Cancellation by the Borrower Clause in Contracts

Cancellation by the Borrower. The Borrower may, by notice to the Trustee, cancel any amount of the Credit which the Borrower shall not have withdrawn, except that the Borrower may not so cancel any amount of the Credit in respect of which the Trustee shall have entered into a special commitment pursuant to Section 5.02.

Appears in 4 contracts

Samples: Trust Fund Credit Agreement, Trust Fund Credit Agreement, Trust Fund Credit Agreement

AutoNDA by SimpleDocs

Cancellation by the Borrower. The Borrower may, by notice to the Trustee, cancel any amount of the Credit or the Grant which the Borrower shall not have withdrawn, except that the Borrower may not so cancel any amount of the Credit or the Grant in respect of which the Trustee shall have entered into a special commitment pursuant to Section 5.02.

Appears in 1 contract

Samples: Trust Fund Credit and Grant Agreement

AutoNDA by SimpleDocs

Cancellation by the Borrower. The Borrower may, by notice to the TrusteeAdministrator, cancel any amount of the Credit which the Borrower shall not have withdrawn, except that the Borrower may not so cancel any amount of the Credit in respect of which the Trustee Administrator shall have entered into a special commitment pursuant to Section 5.02.

Appears in 1 contract

Samples: Trust Fund Credit Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!