Cancellation of Total Commitments Sample Clauses

Cancellation of Total Commitments. Any portion of the Total Commitments not disbursed to the Borrowers shall be cancelled and terminated automatically on the expiration of the Availability Period.
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Cancellation of Total Commitments. Any Borrower may, by giving to the Agent not less than 30 business days' prior notice to that effect, permanently cancel the whole (but subject to clause 29) or any part (being a minimum amount of L5,000,000 and an integral multiple of L1,000,000) of the Total Commitments, provided that both on the date of such notice and upon the effective date of cancellation, the amount to be so cancelled does not exceed an amount equal to the difference between the Maximum Revolving Credit Line and the Aggregate Exposure and the Agent has not, pursuant to clause 6.7, permitted the limits of the Available Revolving Facility Amount to have been exceeded. Any such cancellation shall reduce the Commitment of each Lender pro rata. If a Borrower cancels any part (but not the whole) of the Total Commitments, Ideal shall (or shall procure that such other Borrower shall) pay to the Agent (for the rateable benefit of the Lenders), on or prior to the date of such cancellation:
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Cancellation of Total Commitments. 9.2 Any Borrower may, by giving to the Agent not less than 30 business days’ prior notice to that effect, permanently cancel the whole (but subject to Clause 29 (Term and Termination)) or any part (being a minimum amount of £5,000,000 and an integral multiple of £1,000,000) of the Total Commitments, provided that both on the date of such notice and upon the effective date of cancellation, the amount to be so cancelled does not exceed an amount equal to the difference between the Maximum Revolving Credit Line and the Aggregate Exposure and the Agent has not, pursuant to Clause 6.7 (Special Provisions relating to Revolving Loans), permitted the limits of the Available Revolving Facility Amount to have been exceeded. Any such cancellation shall reduce the Commitment of each Lender pro rata. If a Borrower cancels any part (but not the whole) of the Total Commitments, BMUK shall (or shall procure that such other Borrower shall) pay to the Agent (for the rateable benefit of the Lenders), on or prior to the date of such cancellation:
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Cancellation of Total Commitments. The Total Commitments shall be immediately cancelled at the end of the Availability Period.
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Cancellation of Total Commitments. The Total Commitments shall be reduced to zero and cancelled on the Maturity Date.
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Cancellation of Total Commitments. The Original Borrower may, by giving to the Facility Agent not less than 5 Business Days' prior notice to that effect, cancel the whole or any part (being a minimum amount of $10,000,000 and an integral multiple of $5,000,000) of the Total Commitments. Any such cancellation shall reduce the Commitment of each Bank pro rata.
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Cancellation of Total Commitments. The Total Commitments shall be reduced to zero and cancelled on the Termination Date.
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Related to Cancellation of Total Commitments

  • 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.

  • Reduction of Total Commitment The Borrower shall have the right at ----------------------------- any time and from time to time upon five (5) Business Days prior written notice to the Agent to reduce by $2,500,000 or an integral multiple of $500,000 in excess thereof or terminate entirely the Total Commitment, whereupon the Commitments of the Banks shall be reduced pro rata in accordance with their --- ---- respective Commitment Percentages of the amount specified in such notice or, as the case may be, terminated. Promptly after receiving any notice of the Borrower delivered pursuant to this (S)2.3, the Agent will notify the Banks of the substance thereof. Upon the effective date of any such reduction or termination, the Borrower shall pay to the Agent for the respective accounts of the Banks the full amount of any commitment fee then accrued on the amount of the reduction. No reduction or termination of the Commitments may be reinstated.

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

  • Reduction of the Commitments The Borrower shall have the right, upon at least two Business Days' notice to the Administrative Agent, to terminate in whole or reduce ratably in part the unused portions of the respective Commitments of the Lenders; provided, that the aggregate amount of the Commitments of the Lenders shall not be reduced to an amount that is less than the aggregate principal amount of the Advances then outstanding; and provided, further, that each partial reduction shall be in the aggregate amount of $10,000,000 or an integral multiple thereof.

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

  • Termination or Reduction of Revolving Commitments The Borrower shall have the right, upon not less than three Business Days’ notice to the Administrative Agent, to terminate the Revolving Commitments or, from time to time, to reduce the amount of the Revolving Commitments; provided that no such termination or reduction of Revolving Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Revolving Loans and Swingline Loans made on the effective date thereof, the Total Revolving Extensions of Credit would exceed the Total Revolving Commitments. Any such reduction shall be in an amount equal to $1,000,000, or a whole multiple thereof, and shall reduce permanently the Revolving Commitments then in effect.

  • Reductions in Aggregate Commitment The Borrower may permanently reduce the Aggregate Commitment in whole or in part ratably among the Lenders in a minimum amount of $15,000,000 and integral multiples of $2,500,000 in excess thereof, upon at least two Business Days' written notice to the Administrative Agent, which notice shall specify the amount of any such reduction; provided, however, that the amount of the Aggregate Commitment may not be reduced below the aggregate principal amount of the outstanding Syndicated Advances.

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

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

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

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