Common use of Optional facility cancellation Clause in Contracts

Optional facility cancellation. The Borrower shall be entitled, upon giving to the Agent not less than 5 Business Days' prior written notice (the "Cancellation Notice"), which notice shall be irrevocable, to cancel, in whole or in part, and, if in part, by an amount not less than $500,000 or a higher multiple thereof (or such other amount acceptable to the Agent acting on the instructions of the Majority Lenders), the undrawn balance of the Total Commitments. Upon such cancellation taking effect on expiry of a Cancellation Notice the several obligations of the Lenders to make their respective Commitments available in relation to the portion of the Total Commitments to which such Cancellation Notice relates shall terminate.

Optional facility cancellation. The Borrower shall be entitled, upon giving to the Agent not less than 5 Business Days' ’ prior written notice (the "Cancellation Notice"), which notice shall be irrevocablenotice, to cancel, in whole or in part, and, if in part, by an aggregate amount not less than $500,000 or a higher multiple thereof (or such other amount acceptable to the Agent acting on the instructions of the Majority Lendersin its sole discretion), the undrawn balance of the Total CommitmentsCommitments (the “Cancellation Notice”) which notice shall be irrevocable. Upon such cancellation taking effect on expiry of a Cancellation Notice the several obligations of the Lenders to make their respective Commitments available in relation to the portion of the Total Commitments to which such Cancellation Notice relates shall terminate.

Optional facility cancellation. The Borrower Borrowers shall be entitled, upon giving to the Agent not less than 5 Business Days' ’ prior written notice (the "Cancellation Notice"), which notice shall be irrevocablenotice, to cancel, in whole or in part, and, if in part, by an aggregate amount not less than $500,000 or a higher integral multiple thereof (or such other amount acceptable to the Agent acting on the instructions of the Majority Lendersin its sole discretion), the undrawn balance of the Total CommitmentsCommitments (the “Cancellation Notice”) which notice shall be irrevocable. Upon such cancellation taking effect on expiry of a Cancellation Notice the several obligations of the Lenders to make their respective Commitments available in relation to the portion of the Total Commitments to which such Cancellation Notice relates shall terminate.

Optional facility cancellation. The Borrower shall be entitled, upon giving to the Agent not less than 5 Business Days' ’ prior written notice (the "Cancellation Notice"), which notice shall be irrevocablenotice, to cancel, in whole or in part, and, if in part, by an aggregate amount not less than $500,000 or a higher integral multiple thereof (or such other amount acceptable to the Agent acting on the instructions of the Majority Lendersin its sole discretion), the undrawn balance of the Total CommitmentsCommitments (the “Cancellation Notice”) which notice shall be irrevocable. Upon such cancellation taking effect on expiry of a Cancellation Notice the several obligations of the Lenders to make their respective Commitments available in relation to the portion of the Total Commitments to which such Cancellation Notice relates shall terminate.

Optional facility cancellation. The Borrower Borrowers shall be entitled, upon giving to the Agent not less than 5 Business Days' Days prior written notice (the "Cancellation Notice"), which notice shall be irrevocablenotice, to cancel, in whole or in part, and, if in part, by an amount of not less than $500,000 or a higher multiple thereof (or such other amount acceptable to the Agent acting on the instructions 1,000,000 of the Majority Lenders), the undrawn balance of the Total Commitments. Upon such cancellation taking effect on expiry of a Cancellation Notice cancellation notice the several obligations of the Lenders to make their respective Commitments available in relation to the portion of the Total Commitments to which such Cancellation Notice cancellation notice relates shall terminate.

Optional facility cancellation. The Borrower shall be entitled, upon giving to the Agent not less than 5 Business Days' prior written notice (the "Cancellation Notice"), which notice shall be irrevocablenotice, to cancel, in whole or in part, and, if in part, by an aggregate amount not less than an amount equal to $500,000 1,000,000 or a higher integral multiple thereof (or such other amount acceptable to the Agent acting on the instructions of the Majority Lendersin its sole discretion), the undrawn balance of the Total CommitmentsCommitments (the "Cancellation Notice") which notice shall be irrevocable. Upon such cancellation taking effect on expiry of a Cancellation Notice the several obligations of the Lenders to make their respective Commitments available in relation to the portion of the Total Commitments to which such Cancellation Notice relates shall terminate.

Optional facility cancellation. The Borrower shall be entitled, upon giving to the Agent not less than 5 Business Days' ’ prior written notice (the "Cancellation Notice"), which notice shall be irrevocablenotice, to cancel, in whole or in part, and, if in part, by an aggregate amount not less than an amount equal to $500,000 860,000 or a higher integral multiple thereof (or such other amount acceptable to the Agent acting on the instructions of the Majority Lendersin its sole discretion), the undrawn balance of the Total CommitmentsCommitments (the “Cancellation Notice”) which notice shall be irrevocable. Upon such cancellation taking effect on expiry of a Cancellation Notice the several obligations of the Lenders to make their respective Commitments available in relation to the portion of the Total Commitments to which such Cancellation Notice relates shall terminate.

Optional facility cancellation. The Borrower shall be entitled, upon giving to the Agent not less than 5 five (5) Business Days' prior written notice (the "Cancellation Notice"), which notice shall be irrevocablenotice, to cancel, in whole or in part, and, if in part, by an aggregate amount not less than $500,000 250,000 or a higher multiple thereof (or such other amount acceptable to the Agent acting on the instructions of the Majority Lendersin its reasonable discretion), the undrawn balance of the Total CommitmentsCommitments (the "Cancellation Notice") which notice shall be irrevocable. Upon such cancellation taking effect on expiry of a Cancellation Notice the several obligations of the Lenders to make their respective Commitments available in relation to the portion of the Total Commitments to which such Cancellation Notice relates shall terminate.