Common use of Cancellation of the Facilities Clause in Contracts

Cancellation of the Facilities. The Primary Borrower may at any time prior to the Available Commitment Termination Date in respect of the relevant Facility by notice to the Facility Agent (effective only on actual receipt) cancel with effect from a date not less than 10 Banking Days after the receipt by the Facility Agent of such notice the whole or any part (if in part, being L.10,000,000 or any larger sum which is an integral multiple of L.5,000,000) of the Available Facility Amount of the relevant Facility, in each case which is not the subject of a Drawdown Notice at such time. Such notice shall specify the Facility to which it refers, the date upon which such cancellation is to be made and the amount of such cancellation. Any such notice of cancellation, once given, shall be irrevocable and upon such cancellation taking effect the Commitments of the Banks in respect of the relevant Facility shall be reduced accordingly (pro-rata their respective Commitments in respect of the relevant Facility).

Cancellation of the Facilities. The Primary Borrower may at any time prior to the Available Commitment Termination Date in respect of the relevant Facility by notice to the Facility Agent (effective only on actual receipt) cancel with effect from a date not less than 10 Banking Days after the receipt by the Facility Agent of such notice the whole or any part (if in part, being L.10,000,000 (pound)10,000,000 or any larger sum which is an integral multiple of L.5,000,000(pound)5,000,000) of the Available Facility Amount of the relevant Facility, in each case which is not the subject of a Drawdown Notice at such time. Such notice shall specify the Facility to which it refers, the date upon which such cancellation is to be made and the amount of such cancellation. Any such notice of cancellation, once given, shall be irrevocable and upon such cancellation taking effect the Commitments of the Banks in respect of the relevant Facility shall be reduced accordingly (pro-rata their respective Commitments in respect of the relevant Facility).

Cancellation of the Facilities. The Primary Borrower may at any time prior to the Available Commitment Termination Date in respect of the relevant Tranche of the Revolving Credit Facility by notice to the Facility Agent (effective only on actual receipt) cancel with effect from a date not less than 10 Banking Days after the receipt by the Facility Agent of such notice the whole or any part (if in part, being L.10,000,000 (pound)10,000,000 or any larger sum which is an integral multiple of L.5,000,000(pound)5,000,000) of the Available Facility Amount of the relevant FacilityTranche, in each case which is not the subject of a Drawdown Notice at such time. Such notice shall specify the Facility Tranche to which it refers, the date upon which such cancellation is to be made and the amount of such cancellation. Any such notice of cancellation, once given, shall be irrevocable and upon such cancellation taking effect the Commitments of the Banks in respect of the relevant Facility Tranche shall be reduced accordingly (pro-rata their respective Commitments in respect of the relevant FacilityTranche).