Common use of Cancellation of Commitments Clause in Contracts

Cancellation of Commitments. The Commitments under a Facility which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for that Facility.

Appears in 2 contracts

Samples: Facilities Agreement (Rentokil Initial PLC /Fi), Facilities Agreement (Rentokil Initial PLC /Fi)

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

Appears in 2 contracts

Samples: Igt Senior Facilities Agreement (International Game Technology PLC), Gtech Senior Facilities Agreement (International Game Technology PLC)

Cancellation of Commitments. (a) The Revolving Facility Commitments under a Facility which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for that the Revolving Facility.

Appears in 1 contract

Samples: Agreement (Alliance Data Systems Corp)

Cancellation of Commitments. (a) The Term Facility Commitments under a Facility which, at that time, which are unutilised shall be immediately cancelled at following the end of the Availability Period for that Facilitythe Term Facility shall then be cancelled.

Appears in 1 contract

Samples: Assignment Agreement (Ardmore Shipping Corp)

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Cancellation of Commitments. (a) The Facility B1 Commitments under a Facility which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for that FacilityFacility B1.

Appears in 1 contract

Samples: Senior Facilities Agreement (Fintrax US Acquisition Subsidiary, Inc.)

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