Common use of Mandatory Cancellation Clause in Contracts

Mandatory Cancellation. (a) The Commitments of each Lender under a Facility will be automatically cancelled at the close of business on the last day of the Availability Period of the relevant Facility.

Appears in 3 contracts

Samples: Agreement (Bayer Aktiengesellschaft), Bridge Facilities Agreement (Bayer Aktiengesellschaft), Syndicated Facilities Agreement (Bayer Aktiengesellschaft)

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Mandatory Cancellation. (a) The Commitments undrawn Commitment of each Lender under in relation to a Facility will be automatically cancelled at the close of business on the last day of the Availability Period of the relevant for that Facility.

Appears in 1 contract

Samples: Agreement (Concordia Bus Nordic AB)

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Mandatory Cancellation. (a) The Commitments of each Lender under a the Facility will be automatically cancelled at the close of business on the last day of the Availability Period of the relevant Facility.

Appears in 1 contract

Samples: Agreement (Bayer Aktiengesellschaft)

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