Common use of Cancellation of Commitments Clause in Contracts

Cancellation of Commitments. The Commitments which are unutilised at the end of the Availability Period shall then be cancelled.

Appears in 8 contracts

Samples: Facility Agreement (Euroseas Ltd.), Term Loan Facility Agreement (Castor Maritime Inc.), Term Loan Facility (Global Ship Lease, Inc.)

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Cancellation of Commitments. The Commitments which which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period shall then be cancelledPeriod.

Appears in 4 contracts

Samples: Bridge Facility Agreement (Himalaya Shipping Ltd.), Master Istisna’ Agreement (Brooge Holdings LTD), Master Istisna’ Agreement (Brooge Holdings LTD)

Cancellation of Commitments. The Commitments which which, at that time, are unutilised shall be immediately cancelled at the end of the relevant Availability Period shall then be cancelledPeriod.

Appears in 3 contracts

Samples: Bridge Facilities Agreement (Compagnie Maritime Belge NV), Bridge Facilities Agreement (Compagnie Maritime Belge NV), Bridge Facilities Agreement (Compagnie Maritime Belge NV)

Cancellation of Commitments. The Commitments which Available Commitments, which, at that time, are unutilised unutilized shall be immediately cancelled at the end of the Availability Period shall then be cancelledPeriod.

Appears in 2 contracts

Samples: Letter of Credit Facility Agreement (Flowserve Corp), Letter of Credit Facility Agreement (Flowserve Corp)

Cancellation of Commitments. The Commitments which are unutilised at the end of the Availability Period shall then be cancelledimmediately cancelled at that time.

Appears in 2 contracts

Samples: Term Loan Facility (Ardmore Shipping Corp), Term Loan Facility (Ardmore Shipping Corp)

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Cancellation of Commitments. The Commitments in respect of the Loan which are unutilised at the end of the Availability Period shall then be cancelled.

Appears in 1 contract

Samples: Term Loan Facility (Navios South American Logistics Inc.)

Cancellation of Commitments. The Any Commitments which are unutilised at the end of the Availability Period for a Facility shall then be cancelled.

Appears in 1 contract

Samples: Facility Agreement (Taylor Maritime Investments LTD)

Cancellation of Commitments. (a) The Commitments which which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period shall then be cancelledPeriod.

Appears in 1 contract

Samples: Facility Agreement (Huang Jianjun)

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