Common use of Effect of Repayment and Prepayment on Commitments Clause in Contracts

Effect of Repayment and Prepayment on Commitments. If all or part of any Lender’s participation in 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 that Lender’s Commitment (equal to the amount of the participation which is repaid or prepaid) in respect of that Facility will be deemed to be cancelled on the date of repayment or prepayment.

Appears in 2 contracts

Samples: Senior Facilities Agreement, Loan Agreement (Melco Crown Entertainment LTD)

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Effect of Repayment and Prepayment on Commitments. If all or part of any Lender’s 's participation in 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 that the Lender’s 's Commitment (equal to the amount of the participation which is repaid or prepaid) in respect of that Facility will be deemed to be cancelled on the date of repayment or prepayment.

Appears in 2 contracts

Samples: Syndicated Facility Agreement (Metals Acquisition LTD), Syndicated Facility Agreement (Metals Acquisition Corp)

Effect of Repayment and Prepayment on Commitments. If all or part of any Lender’s 's participation in 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) or Clause 4.4 (Utilisations during the Certain Funds Period)), an amount of that Lender’s 's Commitment (equal to the amount of the amount of the participation which is repaid or prepaid) in respect of that Facility will be deemed to be cancelled on the date of repayment or prepayment.

Appears in 2 contracts

Samples: Facilities Agreement (StarTek, Inc.), Facilities Agreement (StarTek, Inc.)

Effect of Repayment and Prepayment on Commitments. If all or part of any Lender’s participation in 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 that Lender’s Commitment the Commitments (equal to the amount of the participation Utilisation which is repaid or prepaid) in respect of that Facility will be deemed to be cancelled on the date of repayment or prepayment.

Appears in 1 contract

Samples: Facilities Agreement (Velti PLC)

Effect of Repayment and Prepayment on Commitments. If all or part of any Lender’s participation in 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 that LenderXxxxxx’s Commitment (equal to the Base Currency Amount of the amount of the participation which is repaid or prepaid) in respect of that Facility will be deemed to be cancelled on the date of repayment or prepayment.

Appears in 1 contract

Samples: Senior Facilities Agreement (OpSec Holdings)

Effect of Repayment and Prepayment on Commitments. If all or part of any a Lender’s participation in a Utilisation under a any Facility is repaid or prepaid and is not available for redrawing (other than by operation of Clause 4.2 (Further conditions precedent))redrawing, an amount of the Commitment of that Lender’s Commitment Lender in respect of that Facility (equal to the amount of the its participation which is so repaid or prepaid) in respect of that Facility will be deemed to be cancelled on the date of such repayment or prepayment.

Appears in 1 contract

Samples: Facilities Agreement (New Frontier Public Holding Ltd.)

Effect of Repayment and Prepayment on Commitments. If all or part of any Lender’s participation in 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 that LenderXxxxxx’s Commitment (equal to the amount of the participation which is repaid or prepaid) in respect of that Facility will be deemed to be cancelled on the date of repayment or prepayment.

Appears in 1 contract

Samples: Facility Agreement

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Effect of Repayment and Prepayment on Commitments. If all or part of any Lender’s 's participation in 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) or Clause 5 (Utilisation)), an amount of that Lender’s 's Commitment (equal to the amount of the amount of the participation which is repaid or prepaid) in respect of that Facility will be deemed to be cancelled on the date of repayment or prepayment.

Appears in 1 contract

Samples: Facilities Agreement (StarTek, Inc.)

Effect of Repayment and Prepayment on Commitments. If all or part of any Lender’s participation in a Utilisation under a Facility is repaid or prepaid and is not available for redrawing (other than by operation of Clause 4.2 5.2 (Further conditions precedent)), an amount of that Lender’s Commitment (equal to the amount of the participation which is repaid or prepaid) in respect of that Facility will be deemed to be cancelled on the date of repayment or prepayment.

Appears in 1 contract

Samples: Senior Facilities Agreement

Effect of Repayment and Prepayment on Commitments. If all or part of any Lender’s participation in a Utilisation Loan 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 that the Lender’s Commitment (equal to the Base Currency Amount of the amount of the participation which is repaid or prepaid) in respect of that the Facility will be deemed to be cancelled on the date of repayment or prepayment.

Appears in 1 contract

Samples: Amendment and Restatement Agreement (Claires Stores Inc)

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