Common use of Cancellation of Commitment Clause in Contracts

Cancellation of Commitment. 6.1 If the first Drawdown does not occur prior to the date falling [six] months after the date of this Loan Agreement, the Loan shall be immediately cancelled in full. 6.2 Other than with the prior written consent of the LTA TF, any amount of the Loan which remains undrawn on the earlier of: 6.2.1 the date falling three months after the Practical Completion Date; or 6.2.2 the Longstop Date, shall immediately be cancelled in full.

Cancellation of Commitment. 6.1 If the first Drawdown does not occur prior to the date falling [six] months months5 after the date of this Loan Agreement, the Loan shall be immediately cancelled in full. 6.2 . Other than with the prior written consent of the LTA TFLTA, any amount of the Loan which remains undrawn on the earlier of: 6.2.1 : the date falling three months after the Practical Completion Date; or 6.2.2 or the Longstop Date, shall immediately be cancelled in full.

Cancellation of Commitment. 6.1 If the first Drawdown does not occur prior to the date falling [six] months months4 after the date of this Loan Agreement, the Loan shall be immediately cancelled in full. 6.2 . Other than with the prior written consent of the LTA TFLTA, any amount of the Loan which remains undrawn on the earlier of: 6.2.1 : the date falling three months after the Practical Completion Date; or 6.2.2 or the Longstop Date, shall immediately be cancelled in full.