Right of cancellation in relation to a Defaulting Lender
(a) If any Lender becomes a Defaulting Lender, the Company may, at any time whilst the Lender continues to be a Defaulting Lender, give the Agent at least five (5) Business Days’ notice of cancellation of each Available Commitment of that Lender.
(b) On the notice referred to in paragraph (a) above becoming effective, each Available Commitment of the Defaulting Lender shall immediately be reduced to zero.
(c) The Agent shall as soon as practicable after receipt of a notice referred to in paragraph (a) above, notify all the Lenders.
Right of cancellation in relation to a Defaulting Lender If any Lender becomes a Defaulting Lender, the Borrowers may, at any time whilst the Lender continues to be a Defaulting Lender, give the Agent 10 Business Days' notice of cancellation of the Commitment of that Lender. On that notice becoming effective, the Commitment of the Defaulting Lender shall immediately be reduced to zero. The Agent shall as soon as practicable after receipt of that notice notify all the Lenders.
Right of cancellation in relation to a Defaulting Lender
(a) If any Lender becomes a Defaulting Lender, the Parent may, at any time whilst the Lender continues to be a Defaulting Lender, give the Agent three (3) Business Days’ notice of cancellation of all or any part of each Available Commitment of that Lender.
(b) On the notice referred to in paragraph (a) above becoming effective, each Available Commitment (or part thereof) of the Defaulting Lender shall immediately be reduced to zero.
(c) The Agent shall as soon as practicable after receipt of a notice referred to in paragraph (a) above, notify all the Lenders.
Right of cancellation in relation to a Defaulting Noteholder
(a) If any Noteholder becomes a Defaulting Noteholder, the Company may, at any time whilst the Noteholder continues to be a Defaulting Noteholder, give the Agent at least five (5) Business Days’ notice of cancellation of each Available Commitment of that Noteholder.
(b) On the notice referred to in paragraph (a) above becoming effective, each Available Commitment of the Defaulting Noteholder shall immediately be reduced to zero.
(c) The Agent shall as soon as practicable after receipt of a notice referred to in paragraph (a) above, notify all the Noteholders.
Right of cancellation in relation to a Defaulting Lender
(a) If any Lender becomes a Defaulting Lender, the Parent may, at any time whilst the Lender continues to be a Defaulting Lender, give the Agent five Business Days' notice of cancellation of each Available Commitment of that Lender.
(b) On the notice referred to in clause 9.6(a) becoming effective, each Available Commitment of the Defaulting Lender shall immediately be reduced to zero.
(c) The Agent shall as soon as practicable after receipt of a notice referred to in clause 9.6(a), notify all the Lenders.
Right of cancellation in relation to a Defaulting Senior Lender
(A) If any Senior Lender becomes a Defaulting Senior Lender, the Borrower may, at any time whilst the Senior Lender continues to be a Defaulting Senior Lender, give the Senior Agent five Business Days' notice of cancellation of the Available Commitment of that Defaulting Senior Lender and the Available Commitment of the Defaulting Senior Lender shall immediately be reduced to zero.
(B) The Senior Agent shall, as soon as practicable after receipt of a notice referred to in paragraph (A) above, notify all the Senior Lenders.
Right of cancellation in relation to a Defaulting Note Subscriber
(a) If any Subscriber becomes a Defaulting Note Subscriber the Issuer may, at any time whilst the Subscriber continues to be a Defaulting Note Subscriber, give the Agent 3 Business Days' notice of cancellation of each Available Commitment of that Subscriber.
(b) On the notice referred to in paragraph (a) above becoming effective, each Available Commitment of the Defaulting Note Subscriber shall be immediately reduced to zero.
(c) The Agent shall as soon as practicable after receipt of a notice referred to in paragraph (a) above, notify all the Subscribers.
Right of cancellation in relation to a Defaulting Lender
7.8.1 If any Lender becomes a Defaulting Lender, the Parent may, at any time whilst the Lender continues to be a Defaulting Lender, give the Facility Agent 5 (five) Business Days’ notice of cancellation of each Available Commitment of that Lender. Gold Fields_ RCF Table of Contents
7.8.2 On the notice referred to in Clause 7.8.1 above becoming effective, each Available Commitment of the Defaulting Lender shall immediately be reduced to zero.
Right of cancellation in relation to a Defaulting Bank
7.13.1 if any Bank becomes a Defaulting Bank, the Company may, instead of exercising its replacement right pursuant to Clause 7.6 (Right of Replacement of a Single Bank), at any time whilst the Bank continues to be a Defaulting Bank, give the Facility Agent five (5) Business Days' notice of cancellation of the available undrawn Commitment of that Bank.
7.13.2 on the notice referred to in paragraph 7.13.1 above becoming effective, the available and undrawn Commitment of that Defaulting Bank shall immediately be reduced to zero.
7.13.3 the Facility Agent shall as soon as practicable after receipt of a notice referred to in paragraph 7.13.1 above, notify all the Banks.
Right of cancellation in relation to a Defaulting Bank
