Cancellation of the Commitment Sample Clauses

Cancellation of the Commitment. The Borrower may cancel all or any part of the Commitment at any time upon giving written notice to OPIC of the amount canceled. There shall be no cancellation fee. Any part of the Commitment not disbursed at the end of the Commitment Period shall be deemed to have been canceled.
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Cancellation of the Commitment. The Company may cancel all or any part of the Commitment at any time. Any part of the Commitment not disbursed at the end of the Commitment Period shall be deemed to have been canceled.
Sample 1
Cancellation of the Commitment. The Company may cancel any portion of the Commitment to the extent of any undisbursed portion of the Commitment upon payment to OPIC of a cancellation fee (the "Cancellation Fee") equal to one and one-half percent (1.50%) of the amount canceled. Any portion of the Commitment that for any reason expires or is terminated without being disbursed shall be deemed to have been canceled, and the Cancellation Fee shall apply.
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Cancellation of the Commitment. At any time prior to the Closing Date, the Borrower may cancel all or any part of the Commitment upon thirty (30) days prior written notice to OPIC. Any part of the Commitment not disbursed on the Closing Date or (if there is no Disbursement) at the end of the Commitment Period shall be deemed to have been then canceled.
Sample 1
Cancellation of the Commitment. Any unutilised part of the Commitment shall be cancelled at the close of business in London on the last day of the Availability Period.
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Cancellation of the Commitment. Following consummation of the Merger, the Borrower may cancel all or any part of the Commitment (less the aggregate amount of all Disbursements to the date of cancellation), upon payment to OPIC of a fee (the "Cancellation Fee") equal to 0.5% (one-half of one percent) of the amount of the Commitment then canceled, together with the Commitment Fee accrued on such amount through the date of cancellation provided, however, that such cancellation shall only be effective if at the same time the Other Borrower shall cancel an equal amount of the OPIC commitment to fund the Other Loan. Any part of the Commitment not disbursed at the close of business on the last day of the Commitment Period shall be deemed to have been cancelled and the Cancellation Fee on such amount shall be due and payable. Anything to the contrary herein notwithstanding, if any portion, up to a maximum of $5,650,000, of the Commitment is canceled solely because OPIC (in consultation with the Engineer) and the Borrower shall have determined that further development of the Oil reserves in the Permit area is not economically feasible, then the Cancellation Fee payable with respect to such cancellation shall be 0.25% (one-quarter of one percent) of the amount cancelled.
Sample 1

Related to Cancellation of the Commitment

  • Reduction of the Commitments (a) The Borrower shall have the right, upon at least five Business Days’ irrevocable notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portion of the Commitments; provided that each partial reduction shall be in the aggregate amount of $1,000,000 or in integral multiples of $1,000,000 in excess thereof.

  • Cancellation of Commitment The Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period.

  • Cancellation of Commitments The Commitments in respect of any Tranche which are unutilised at the end of the Availability Period for such Tranche shall then be cancelled.

  • Termination and Reduction of the Commitments (a) Unless previously terminated, the Commitments shall terminate on the Maturity Date.

  • Termination or Reduction of the Commitments (a) The Borrower shall have the right, upon at least three Business Days’ notice to the Administrative Agent, to terminate in whole or reduce ratably in part the Available Commitments, provided that (i) each partial reduction shall be in a minimum amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof and (ii) no such termination or reduction shall be made that would reduce the aggregate Commitments to an amount less than the Outstanding Credits on the date of such termination or reduction.

  • Optional Termination or Reduction of the Commitments (a) The Borrower shall have the right, upon at least three Business Days’ notice to the Agent, to terminate in whole or permanently reduce ratably in part the Unused Commitments or the Unissued Letter of Credit Commitments, provided that each partial reduction shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof.

  • Increase of the Commitments (a) The Borrower may, from time to time, request by written notice to the Administrative Agent to increase the Commitments by a maximum aggregate amount for all such increases of up to $200,000,000, by designating one or more Lenders or other financial institutions (that will become Lenders), in each case, reasonably acceptable to the Administrative Agent and acceptable to the Swingline Lender and each LC Issuing Bank, in their respective sole discretion, that agree to accept all or a portion of such additional Commitments (each a “Designated Lender”).

  • Termination of Commitments Declare the Commitments terminated whereupon the Commitments shall be immediately terminated.

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