Cancellation in changed circumstances. 2.5.1 The Borrower may at any time during the Facility Period by notice to the Lender (effective only on actual receipt) cancel with effect from a date not less than ten (10) Banking Days after receipt by the Lender of such notice, all or part of the undrawn Total Commitment.
Appears in 2 contracts
Samples: Agreement (EuroDry Ltd.), Agreement (Euroseas Ltd.)
Cancellation in changed circumstances. 2.5.1 The Borrower may at any time during the Facility Period by notice to the Lender (effective only on actual receipt) cancel with effect from a date not less than ten five (105) Banking Days after receipt by the Lender of such notice, all or part of the undrawn Total Commitment.
Appears in 1 contract
Samples: Loan Agreement (Pyxis Tankers Inc.)
Cancellation in changed circumstances. 2.5.1 The Borrower Borrowers may at any time during the Facility Period by notice to the Lender (effective only on actual receipt) cancel with effect from a date not less than ten (10) Banking Days after receipt by the Lender of such notice, all or part of the undrawn Total Commitment.
Appears in 1 contract
Samples: Facility Agreement (Euroseas Ltd.)