Common use of Cancellation of Commitments Clause in Contracts

Cancellation of Commitments. The Commitments in respect of any Tranche which are unutilised at the end of the Availability Period for such Tranche shall then be cancelled.

Appears in 16 contracts

Samples: Term Loan Facility (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Partners L.P.), Term Loan Facility (Navios Maritime Partners L.P.)

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Cancellation of Commitments. The Commitments in respect of any Tranche which are unutilised at the end of the Availability Period for such Tranche shall then be cancelled.

Appears in 3 contracts

Samples: Term Loan Facility (United Maritime Corp), Facility Agreement (United Maritime Corp), Term Loan Facility (Seanergy Maritime Holdings Corp.)

Cancellation of Commitments. The Commitments in respect of any Tranche which are unutilised not utilised at the end of the Availability Period for such Tranche shall then be cancelled.

Appears in 2 contracts

Samples: Facility Agreement (Okeanis Eco Tankers Corp.), Facility Agreement (Okeanis Eco Tankers Corp.)

Cancellation of Commitments. The Commitments in respect of any a Tranche which are unutilised (a) at the end of the Availability Period of that Tranche or (b) on the Drawdown Date for the Advance under such Tranche shall then be cancelled.

Appears in 1 contract

Samples: Facility Agreement (Navios Maritime Holdings Inc.)

Cancellation of Commitments. The Commitments in respect of any Original Tranche which are unutilised at the end of the Availability Period for such Tranche shall then be cancelled.

Appears in 1 contract

Samples: Facility Agreement (United Maritime Corp)

Cancellation of Commitments. The Commitments in respect of any Tranche which are unutilised unutilized after an Advance has been made with respect thereto or at the end of the Availability Period for such Tranche shall then be cancelled.

Appears in 1 contract

Samples: Facility Agreement (Scorpio Tankers Inc.)

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Cancellation of Commitments. The Commitments in respect of any Tranche which are unutilised at the end of the relevant Availability Period for such Tranche shall then be cancelled.

Appears in 1 contract

Samples: Facility Agreement (Globus Maritime LTD)

Cancellation of Commitments. The Commitments in respect of any Tranche which are unutilised at following the end of the Availability Period for such Tranche Utilisation Date shall then be cancelled.

Appears in 1 contract

Samples: Term Loan Facility (Ardmore Shipping Corp)

Cancellation of Commitments. The Commitments in respect of any Tranche which are unutilised not utilised at the end of the Availability Period for such Tranche shall then be cancelledcancelled without any further act or omission on the part of the Lenders.

Appears in 1 contract

Samples: Facility Agreement (Global Ship Lease, Inc.)

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