Common use of Effect of notice of cancellation Clause in Contracts

Effect of notice of cancellation. The service of a cancellation notice shall cause the amount of the Total Commitments specified in the notice to be permanently cancelled and any partial cancellation shall be applied against the Commitments of each Lender pro rata.

Effect of notice of cancellation. The service of a cancellation notice shall cause the amount of the Total Commitments Commitment specified in the notice to be permanently cancelled and any partial cancellation shall be applied against the Commitments of each Lender pro ratacancelled.

Effect of notice of cancellation. The service receipt by the Agent of a cancellation notice shall cause the amount of the Total Commitments specified in the notice to be permanently cancelled on and any as of the effective date stated in such notice. Any partial cancellation shall be applied against the Commitments of each Lender pro ratarata and the commitment fee referred to in Clause 21.1(a) on such cancelled portion shall cease to accrue.

Effect of notice of cancellation. The service of a cancellation notice given under Clause 8.13(b) (Conditions for cancellation of Commitments) shall cause the amount of the Total Commitments specified in the notice to be permanently cancelled and any partial cancellation shall be applied against cancelled, following which the Commitments Commitment of each Lender shall be reduced pro rata.

Effect of notice of cancellation. The service of a cancellation notice shall cause the amount of the Total Commitments in respect of Tranche C specified in the notice to be permanently cancelled and any partial cancellation shall be applied against the Commitments of each Lender pro rata.

Effect of notice of cancellation. The service of a cancellation notice shall cause the amount of the Total Commitments specified in the notice to be permanently cancelled and any partial cancellation shall be applied against the Commitments Commitment of each Lender pro rata.

Effect of notice of cancellation. The service of a cancellation notice given under Clause 8.11 shall cause the amount of the Total Commitments specified in the notice to be permanently cancelled cancelled; and any partial such cancellation of the Total Commitments shall be applied against (i) the Commitments of each Lender the Lenders pro ratarata to their respective amounts and (ii) the Acquisition Facility and the Working Capital Facility pro rata to their respective amounts.

Effect of notice of cancellation. The service of a cancellation notice given under Clause 8.13 shall cause the amount of the Total Commitments specified in the notice to be permanently cancelled and any partial cancellation shall be applied against the Commitments of each Lender pro rata.

Effect of notice of cancellation. The service of a cancellation notice given under Clause 8.14 shall cause the amount of the Total Term Commitments or Total Newbuilding Commitments (as the case may be) specified in the notice to be permanently cancelled and any partial cancellation shall be applied against the Commitments Term Commitment or the Newbuilding Commitment (as the case may be) of each Lender pro rata.

Effect of notice of cancellation. The service of a cancellation notice given under Clause 8.14 shall cause the amount of the Total Term Commitments or Total Revolving Commitments (as the case may be) specified in the notice to be permanently cancelled and any partial cancellation shall be applied against the Commitments Term Commitment or the Revolving Commitment (as the case may be) of each Lender pro rata.

Effect of notice of cancellation. The service of a cancellation notice given under 8.14 (Conditions for cancellation of Commitments shall cause the amount of the Total Commitments specified in the notice to be permanently cancelled and any partial cancellation shall be applied against the Commitments of each Lender pro rata.

Effect of notice of cancellation. The A cancellation notice may not be withdrawn or amended without the consent of the Agent, given with the authority of the Lenders and the service of a cancellation notice shall cause the amount of the Total Commitments specified in the notice to be permanently cancelled and any partial cancellation shall be applied against the Commitments of each Lender pro rata.

Effect of notice of cancellation. The service of a cancellation notice shall cause the amount of the Total Commitments specified in the notice to be permanently cancelled and any partial cancellation shall be applied against the relevant Commitments of each Lender pro rata. For the avoidance of doubt, amounts of the Total Commitments cancelled pursuant to this Agreement may not be reinstated.

Effect of notice of cancellation. The service of a cancellation notice given under Clause 8.15 (Conditions for cancellation of Commitments) shall cause the amount of the Total Commitments specified in the notice to be permanently cancelled and any partial cancellation shall be applied against the Commitments Commitment of each Lender pro ratarata and also on a pro rata basis against the future instalments repayable pursuant to Clause 8.1 (Amount of repayment instalments).

Effect of notice of cancellation. The service of a cancellation notice shall cause the amount of the Total Commitments specified in the notice to be permanently cancelled and any partial cancellation shall be applied against the Commitments of each Lender pro rata. For the avoidance of doubt, amounts of the Total Commitments cancelled pursuant to this Agreement may not be reinstated.