Effect of Repayment and Prepayment on Commitments. If all or part of a Utilisation under a Facility is repaid or prepaid and is not available for redrawing (other than by operation of Clause 4.2 (Further conditions precedent)), an amount of the Commitments (equal to the Base Currency Amount of the amount of the Utilisation which is repaid or prepaid) in respect of that Facility will be deemed to be cancelled on the date of repayment or prepayment. Any cancellation under this Clause 12.7 shall reduce the Commitments of the Lenders rateably under that Facility.
Appears in 3 contracts
Samples: Revolving Facilities Agreement (Molson Coors Brewing Co), Revolving Facility Agreement (South Texas Supply Company, Inc.), Revolving Facility Agreement (South Texas Supply Company, Inc.)
Effect of Repayment and Prepayment on Commitments. If all or part of a Utilisation under a Facility is repaid or prepaid and is not available for redrawing (other than by operation of Clause clause 4.2 (Further conditions precedent)), an amount of the Commitments (equal to the Base Currency Amount of the amount of the Utilisation which is repaid or prepaid) in respect of that Facility will be deemed to be cancelled on the date of repayment or prepayment. Any cancellation under this Clause 12.7 clause 12.9 shall reduce the Commitments of the Lenders rateably under that Facility.
Appears in 2 contracts
Samples: Senior Facilities Agreement (Luxfer Holdings PLC), Senior Facilities Agreement (Luxfer Holdings PLC)
Effect of Repayment and Prepayment on Commitments. If all or part of a Utilisation under a the Facility is repaid or prepaid and is not available for redrawing (other than by operation of Clause 4.2 (Further conditions precedent)), an amount of the Commitments (equal to the Base Currency Amount of the amount of the Utilisation which is repaid or prepaid) in respect of that the Facility will be deemed to be cancelled on the date of repayment or prepayment. Any cancellation under this Clause 12.7 10.7 shall reduce the Commitments of the Lenders rateably under that the Facility.
Appears in 2 contracts
Samples: Revolving Facilities Agreement (Molson Coors Brewing Co), Unsecured Uncommitted Revolving Facilities Agreement (Molson Coors Brewing Co)
Effect of Repayment and Prepayment on Commitments. If all or part of a Utilisation Loan under a Facility is repaid or prepaid and is not available for redrawing (other than by operation of Clause 4.2 (Further conditions precedent)), an amount of the Commitments (equal to the Base Currency Amount of the amount of the Utilisation Loan which is repaid or prepaid) in respect of that Facility will be deemed to be cancelled on the date of repayment or prepayment. Any cancellation under this Clause 12.7 11.8 shall reduce the Commitments of the Lenders rateably under that Facility.
Appears in 2 contracts
Samples: Amendment and Restatement Deed, Initial Authorised Credit Facilities Agreement
Effect of Repayment and Prepayment on Commitments. If all or part of a Utilisation under a Facility is repaid or prepaid and is not available for redrawing (other than by operation of Clause 4.2 (Further conditions precedent)), an amount of the Commitments (equal to the Base Currency Amount of the amount of the Utilisation which is repaid or prepaid) in respect of that Facility will be deemed to be cancelled on the date of repayment or prepayment. Any cancellation under this Clause 12.7 12.8 shall reduce the Commitments of the Lenders rateably under that Facility.
Appears in 1 contract
Samples: Term and Revolving Facilities Agreement (ShangPharma Corp)
Effect of Repayment and Prepayment on Commitments. If all or part of a Utilisation under a Facility is repaid or prepaid and is not available for redrawing (other than by operation of Clause 4.2 (Further conditions precedent)), an amount of the Commitments (equal to the Base Currency Amount of the amount of the Utilisation which is repaid or prepaid) in respect of that Facility will be deemed to be cancelled on the date of repayment or prepayment. Any cancellation under this Clause 12.7 10.7 shall reduce the Commitments of the Lenders rateably under that Facility.
Appears in 1 contract
Samples: Revolving Facilities Agreement (Molson Coors Brewing Co)
Effect of Repayment and Prepayment on Commitments. If all or part of a Utilisation under a the Facility is repaid or prepaid and is not available for redrawing (other than by operation of Clause 4.2 (Further conditions precedent)), an amount of the Commitments (equal to the Base Currency Amount of the amount of the Utilisation which is repaid or prepaid) in respect of that the Facility will be deemed to be cancelled on the date of repayment or prepayment. Any cancellation under this Clause 12.7 13.7 shall reduce the Commitments of the Lenders rateably under that the Facility..
Appears in 1 contract
Samples: Revolving Facility Agreement (Manchester United PLC)
Effect of Repayment and Prepayment on Commitments. If all or part of a Utilisation under a Facility is repaid or prepaid and is not available for redrawing (other than by operation of Clause clause 4.2 (Further conditions precedent)), an amount of the Commitments (equal to the Base Currency Amount of the amount of the Utilisation which is repaid or prepaid) in respect of that Facility will be deemed to be cancelled on the date of repayment or prepayment. Any cancellation under this Clause 12.7 clause 12.8 shall reduce the Commitments of the Lenders rateably under that Facility.
Appears in 1 contract
Effect of Repayment and Prepayment on Commitments. If all or part of a Utilisation under a the Facility is repaid or prepaid and is not available for redrawing (other than by operation of Clause 4.2 (Further conditions precedent)), an amount of the Commitments (equal to the Base Currency Amount of the amount of the Utilisation which is repaid or prepaid) in respect of that the Facility will be deemed to be cancelled on the date of repayment or prepayment. Any cancellation under this Clause 12.7 11.7 shall reduce the Commitments of the Lenders rateably under that the Facility.
Appears in 1 contract
Samples: Multicurrency Facility Agreement (Gulfmark Offshore Inc)
Effect of Repayment and Prepayment on Commitments. If all or part of a Utilisation under a the Facility is repaid or prepaid and is not available for redrawing (other than by operation of Clause clause 4.2 (Further conditions precedent)), an amount of the Commitments (equal to the Base Currency Amount of the amount of the Utilisation which is repaid or prepaid) in respect of that the Facility will be deemed to be cancelled on the date of repayment or prepayment. Any cancellation under this Clause 12.7 clause 12.8 shall reduce the Commitments of the Lenders rateably under that the Facility.
Appears in 1 contract
Effect of Repayment and Prepayment on Commitments. If all or part of a Utilisation under a Facility is repaid or prepaid and is not available for redrawing (other than by operation of Clause 4.2 (Further conditions precedent)), an amount of the Commitments (equal to the Base Currency Amount of the amount of the Utilisation which is repaid or prepaid) in respect of that Facility will be deemed to be cancelled on the date of repayment or prepayment. Any cancellation under this Clause 12.7 15.8 shall reduce the Commitments of the Lenders rateably under that Facility.
Appears in 1 contract
Samples: Revolving Facilities Agreement (Manchester United Ltd.)
Effect of Repayment and Prepayment on Commitments. If all or part of a Utilisation under a Facility is repaid or prepaid and is not available for redrawing (other than by operation of Clause 4.2 (Further conditions precedent)), an amount of the Commitments (equal to the Base Currency Amount of the amount of the Utilisation which is repaid or prepaid) in respect of that Facility will be deemed to be cancelled on the date of repayment or prepayment. Any cancellation under this Clause 12.7 9.7 shall reduce the Commitments of the Lenders rateably under that Facility.
Appears in 1 contract
