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.
Appears in 8 contracts
Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Scorpio Bulkers Inc.), Loan Agreement (Pangaea Logistics Solutions Ltd.)
Cancellation of Total Commitments. Any portion of the Total Commitments not disbursed to the Borrowers Borrower shall be cancelled and terminated automatically on the expiration of the applicable Availability Period.
Appears in 2 contracts
Samples: Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Tankers Inc.)
Cancellation of Total Commitments. Any All or any portion of the Total Commitments not disbursed to the Borrowers shall be cancelled and terminated automatically on the earlier of the Drawdown Date and the expiration of the applicable Availability PeriodPeriod for such Commitment.
Appears in 2 contracts
Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.)
Cancellation of Total Commitments. Any portion of the Total Commitments not disbursed to the Borrowers shall be cancelled and terminated automatically on the earlier of the relevant Drawdown Date and the expiration of the applicable Availability PeriodPeriod for such Commitment.
Appears in 2 contracts
Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.)
Cancellation of Total Commitments. Any portion of the Total Commitments not disbursed to the Borrowers Borrower shall be cancelled and terminated automatically on the expiration of the Availability Period.
Appears in 2 contracts
Samples: Loan Agreement (Eagle Bulk Shipping Inc.), Loan Agreement (Scorpio Tankers Inc.)
Cancellation of Total Commitments. Any portion of the Total Commitments not disbursed to the Borrowers Borrower shall be cancelled and terminated automatically on the earlier of the Drawdown Date and the expiration of the applicable Availability PeriodPeriod for such Commitment.
Appears in 1 contract
Cancellation of Total Commitments. Any All or any portion of the Total Commitments not disbursed to the Borrowers Borrower shall be cancelled and terminated automatically on the earlier of the Drawdown Date and the expiration of the applicable Availability PeriodPeriod for such Commitment.
Appears in 1 contract
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 applicable Availability Period.
Appears in 1 contract
