Mandatory cancellation. Will cancel the Deferred Compensation Election of an Eligible Employee who experiences a Disability as defined in subparagraph 3.5(b).
Mandatory cancellation. All Available Commitments under a Facility shall automatically be cancelled at the end of the Availability Period in respect of that Facility.
Mandatory cancellation. Any part of the Facility which remains undrawn at the end of the Availability Period shall be automatically and immediately cancelled and each Lender's undrawn Commitment shall at that time be reduced to zero.
Mandatory cancellation. (a) On each date on which a mandatory repayment of principal and, if applicable, concurrent cancellation of commitments (the amount of any such repayment and cancellation being a "NEW FACILITY REPAYMENT AMOUNT") is required under and in respect of any New Facility (a "MANDATORY CANCELLATION DATE"), the Commitments will be cancelled by the Euro Equivalent of an amount equal to the then applicable Cancellation Amount. "CANCELLATION AMOUNT" means, at any time, an amount equal to (i) the product of (A) the Commitments then in effect and (B) the applicable New Facility Repayment Amount divided by (ii) the commitments then in effect under that New Facility.
Mandatory cancellation. (a) If:
(i) it is not possible to complete the Offer prior to the end of the Availability Period; or
(ii) the Offer is withdrawn or terminates. all the Commitments will be immediately and automatically cancelled.
(b) If the Borrower owns less than 100 per cent. of the Target Shares, and any prepayment of the Initial Loans is made during the Availability Period, then the undrawn Commitments will be immediately and automatically cancelled in an amount equal to the amount of such prepayment multiplied by 100/A where “A” is the percentage of Target Shares owned by Bidco (or, if less, the aggregate amount of undrawn Commitments at such time). Any cancellation under this Clause 7.3(b) shall reduce ratably the Commitments of the Lenders.
Mandatory cancellation. The Available Facility shall automatically be cancelled to zero on the last day of the Availability Period.
Mandatory cancellation. The Available Facility shall be cancelled and reduced to zero in the event that the Scheme lapses or is withdrawn (including if there is an announcement by or on behalf of the Borrower or a member of the Group that it is withdrawn) or if the Scheme is not approved by the members entitled to vote on the Scheme or is rejected or not sanctioned by the relevant courts.
Mandatory cancellation. Will cancel the Deferred Compensation Election of an Eligible Director who experiences a Disability as defined in paragraph 2.5.
Mandatory cancellation. The undrawn Interim Commitments of the Interim Lenders will be automatically cancelled (on a US Dollar for US Dollar basis) on each date on which Term A Facility is utilised in US Dollars, in each case by an amount equal to the aggregate principal amount of Term A Facility utilised on such utilisation date. Any cancellation shall reduce the Interim Commitments of the Interim Lenders rateably under the Interim Facility.
Mandatory cancellation. 9 Section 4.02. Cancellation by the Borrower..............................................................9 Section 4.03.
