Common use of Mandatory cancellation Clause in Contracts

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. Any part of the a Facility which remains undrawn at the end of the Availability Period for such Facility shall be automatically and immediately cancelled and each Lender's undrawn Commitment in respect of that Facility shall at that time be reduced to zero.

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 in respect of the Facility shall at that time be reduced to zero.