Common use of Cancellation of Syndicated Commitments Clause in Contracts

Cancellation of Syndicated Commitments. The Borrower may at any time, at its option and in its sole discretion, upon not less than two (2) Business Days’ prior notice to the Agent substantially in the form of Schedule “A”, cancel and reduce without penalty all or any portion of (a) the aggregate Syndicated Commitments of those Lenders which are not Non-Extending Lenders (as defined in Section 3.12), (b) the aggregate Syndicated Commitments of those Lenders which are Non-Extending Lenders (as defined in Section 3.12), or (c) any combination thereof, in minimum amounts of US$10,000,000 and in multiples of US$1,000,000 thereof, by:

Appears in 2 contracts

Samples: Credit Agreement (Ovintiv Inc.), Credit Agreement (Encana Corp)

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Cancellation of Syndicated Commitments. The Borrower may at any time, at its option and in its sole discretion, upon not less than two (2) Business Days’ prior notice to the Agent substantially in the form of Schedule “A”, cancel and reduce without penalty all or any portion of (a) the aggregate Syndicated Commitments of those Lenders which are not Non-Extending Lenders (as defined in Section 3.123.120), (b) the aggregate Syndicated Commitments of those Lenders which are Non-Extending Lenders (as defined in Section 3.123.120), or (c) any combination thereof, in minimum amounts of US$10,000,000 and in multiples of US$1,000,000 thereof, by:

Appears in 1 contract

Samples: First Amending Agreement (Ovintiv Inc.)

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Cancellation of Syndicated Commitments. The Borrower may at any time, at its option and in its sole discretion, upon not less than two (2) Business Days' prior notice to the Agent substantially in the form of Schedule "A", cancel and reduce without penalty all or any portion of (a) the aggregate Syndicated Commitments of those Lenders which are not Non-Extending Lenders (as defined in Section 3.12), (b) the aggregate Syndicated Commitments of those Lenders which are Non-Extending Lenders (as defined in Section 3.12), or (c) any combination thereof, in minimum amounts of US$10,000,000 and in multiples of US$1,000,000 thereof, by:

Appears in 1 contract

Samples: Credit Agreement (Ovintiv Inc.)

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