Common use of Cancellation of Commitments Clause in Contracts

Cancellation of Commitments. (a) The Commitments which are unutilized at the end of the Availability Period shall then be automatically cancelled.

Appears in 2 contracts

Samples: Credit Agreement (SEACOR Marine Holdings Inc.), Credit Agreement (SEACOR Marine Holdings Inc.)

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

Appears in 2 contracts

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

Cancellation of Commitments. (a) The Commitments which are unutilized at the end of the Availability Period shall then be automatically cancelled. No amount of the Commitments so cancelled under this Agreement may be subsequently reinstated.

Appears in 1 contract

Samples: Credit Agreement (SEACOR Marine Holdings Inc.)

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

Appears in 1 contract

Samples: TSH Merger Sub (Huang Jianjun)

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