Common use of Cancellation of Commitments Clause in Contracts

Cancellation of Commitments. (a) The Term Facility Commitments which are unutilised following the end of the Availability Period for the Term Facility shall then be cancelled. (b) The Revolving Commitments which are unutilised at the end of the Availability Period for the Revolving Facility shall then be cancelled.

Appears in 1 contract

Samples: Term, Revolving and Accordion Facilities Agreement (Ardmore Shipping Corp)

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

Appears in 1 contract

Samples: Senior Facility Agreement (International Game Technology PLC)

Cancellation of Commitments. (a) The New Term Facility Commitments which are unutilised following unutilized at the end date falling on the earlier of (i) the Utilization Date relating to the New Term Facility Advance and (ii) the Last Availability Period for Date relating to the New Term Facility shall then be cancelled. (b) The Revolving Facility Commitments which are unutilised at unutilized on the end of the Last Availability Period for Date relating to the Revolving Facility shall then be cancelled.

Appears in 1 contract

Samples: Loan Agreement (Dorian LPG Ltd.)

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Cancellation of Commitments. (a) The Term Revolving Facility Commitments which which, at that time, are unutilised following the end of the Availability Period for the Term Facility shall then be cancelled. (b) The Revolving Commitments which are unutilised immediately cancelled at the end of the Availability Period for the Revolving Facility. (b) The Uncommitted Facility shall then be cancelledis daily revocable and each Lender may cancel its Uncommitted Facility Participation at any time.

Appears in 1 contract

Samples: Amendment and Restatement Agreement (Alliance Data Systems Corp)

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