Cancellation of Facility Sample Clauses

Cancellation of Facility. Any amount of the Facility which, at that time, is unutilised shall be immediately cancelled at the end of the Availability Period.
AutoNDA by SimpleDocs
Cancellation of Facility. The amount of the Facility which, at that time, is unutilised shall be immediately cancelled at the end of the Availability Period.
Cancellation of Facility. Evidence of cancellation of a ------------------------ $100,000,000 revolving credit loan facility by and between Borrower and Bank of America, N.A.
Cancellation of Facility. The Obligors’ Agent may, without premium, cancel the undrawn part of the Facility (in respect of which no Request has been served), in whole or in part (being in a minimum amount of $5,000,000 and an integral multiple of $1,000,000) at any time provided that it has given the Facility Agent not less than ten days prior written notice stating the principal amount to be cancelled. During such ten day period the Obligors’ Agent may not draw or utilise all or any part of the amount the subject of such notice of cancellation. Any cancellation in part shall be applied against the relevant Commitment of each relevant Lender pro rata.
Cancellation of Facility. The Borrowers' Agent may, without premium, cancel the undrawn part of the Facility (in respect of which no Request has been served), in whole or in part (being in a minimum amount of $5,000,000 and an integral multiple of $1,000,000) at any time provided that it has given the Facility Agent not less than ten days' prior written notice stating the principal amount to be cancelled. During such ten day period the Borrowers' Agent may not purport to draw or utilise all or any part of the amount the subject of such notice of cancellation. Any cancellation in part shall be applied in the same order against the relevant Commitment of each relevant Lender pro rata.
Cancellation of Facility. [The Borrower may, by giving to the Lender not less than 30 days' prior written notice specifying the amount to be cancelled, cancel [without premium or penalty] all or any part (but, if in part, being an amount of not less than [ ] or integral multiples thereof) of the Facility. The Lender shall not be obliged to reinstate all or any part of the Facility which is reduced or cancelled under this Agreement.]9
Cancellation of Facility. (a) Bidco 2 may cancel the Bridge Commitments, the Revolving Commitments and/or the Borrowing Base Commitments and/or (following the Completion Date and when all third-party Financial Indebtedness has been discharged save to the extent permitted to remain outstanding under this agreement) the Term Commitments, in part or (other than the Term Commitments) in whole (but, if in part, in a minimum of €10,000,000 and an integral multiple of €2,500,000) at any time during the relevant Availability Period by giving no less than three Business Days' irrevocable notice to the Facility Agent specifying the date and amount of the proposed cancellation and, on any such cancellation, the amount of the Bridge Facility, the Revolving Facility, the Borrowing Base Facility and/or the Term Facilities (as the case may be) will reduce accordingly. Any such cancellation shall reduce each relevant Lender's Bridge Commitment, Revolving Commitment, Borrowing Base Commitment and/or Term Commitments on a pro rata basis in each case and (in the case of the Revolving Facility) that Revolving Lender's Ancillary Limit, if any, shall be reduced accordingly.
AutoNDA by SimpleDocs
Cancellation of Facility. The Facility shall be immediately cancelled at the end of the Availability Period.
Cancellation of Facility. Notwithstanding any other provision of this Agreement, at any time before the Advance and prior to the Commitment Termination Date, the Lender may at its discretion cancel the Facility by notice in writing to the Borrower upon which the Available Commitment shall be cancelled and shall no longer be available for use by the Borrower.
Cancellation of Facility. 9 2.4 Interest.................................................................9 2.5
Time is Money Join Law Insider Premium to draft better contracts faster.