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: Assignment Agreement (Euroseas Ltd.), Assignment Agreement (Castor Maritime Inc.), Assignment Agreement (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: Agreement (Himalaya Shipping Ltd.), Brooge Holdings LTD, Brooge Holdings LTD

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: Assignment Agreement (Ardmore Shipping Corp), Facility Agreement (Ardmore Shipping Corp)

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 1 contract

Samples: Compagnie Maritime Belge NV

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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: Assignment Agreement (Taylor Maritime Investments LTD)

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