Common use of Cancellation of Total Commitments Clause in Contracts

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:

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 Total Outstandings 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:

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 (pound)5,000,000 and an integral multiple of L1,000,000(pound)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 Total Outstandings 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: