Common use of Right of cancellation in relation to Clause in Contracts

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 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 7 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 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 5 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 If any Lender becomes a Defaulting Lender, the Borrowers Borrower may, at any time whilst the Lender continues to be a Defaulting Lender, give the Agent 10 thirty (30) Business Days' ’ notice of cancellation of the Commitment in the relevant Tranche of that Lender. On that notice becoming effective, the Commitment in the relevant Tranche 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 LendersLenders under the relevant Tranche.

Right of cancellation in relation to. a Defaulting Lender If any Lender becomes a Defaulting Lender, the Borrowers may, at any time whilst while the Lender continues to be a Defaulting Lender, give the Agent 10 30 Business Days' notice of cancellation of the Commitment of that Lender. On that notice becoming effective, the Commitment of the Defaulting Lender shall be 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 If any Lender becomes a Defaulting Lender, the Borrowers Borrower may, at any time whilst the Lender continues to be a Defaulting Lender, give the Agent 10 5 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.