Common use of Cancellation of Commitment Clause in Contracts

Cancellation of Commitment. (a) The Total Facility A Commitments shall be immediately cancelled at the end of the Availability Period for Facility A. (b) The Total Facility B Commitments shall be immediately cancelled at the end of the Availability Period for Facility B.

Appears in 8 contracts

Samples: Secured Facilities Agreement (Solutia Inc), Facility Agreement (Rockwood Specialties Group Inc), Amendment and Restatement Agreement (Rockwood Holdings, Inc.)

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Cancellation of Commitment. (a) The Total Facility A Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for Facility A. (b) The Total Facility B Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for Facility B.

Appears in 7 contracts

Samples: Credit Facilities Agreement (Gold Fields LTD), Rollover Loan Agreement (Freeseas Inc.), Syndication and Amendment Agreement (Igate Corp)

Cancellation of Commitment. (a) The Total Facility A Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for Facility A. (b) The Total Facility B Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for Facility B. (c) The Facility C Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for Facility C.

Appears in 5 contracts

Samples: Facility Agreement (Marine Harvest ASA), Facility Agreement (Marine Harvest ASA), Facility Agreement (Marine Harvest ASA)

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Cancellation of Commitment. (a) The Total Facility A Commitments shall be immediately cancelled at the end of the Availability Period for Facility A. (b) The Total Facility B Commitments shall be immediately cancelled at the end of the Availability Period for Facility B. (c) The Total Facility C Commitments shall be immediately cancelled at the end of the Availability Period for Facility C.

Appears in 1 contract

Samples: Multicurrency Term and Revolving Facilities Agreement (Tenedor CORP)

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