Common use of Right of prepayment and cancellation Clause in Contracts

Right of prepayment and cancellation. in relation to a single Lender) shall not be obliged to participate in the making of Advances (including Revolving Facility Advances) or in the issue or counter-guarantee in respect of Documentary Credits or in the provision of Ancillary Facilities on or after the date upon which the Facility Agent receives the relevant notice of intention to repay such Lender’s share of the Outstandings, on which date all of such Lender’s Available Commitments shall be cancelled and all of its Commitments shall be reduced to zero.

Appears in 5 contracts

Samples: Senior Facilities Agreement (Virgin Media Inc.), Lease Agreement (Virgin Media Investment Holdings LTD), Agreement (Telewest Global Inc)

AutoNDA by SimpleDocs

Right of prepayment and cancellation. in relation to a single Lender) shall not be obliged to participate in the making of Advances (including Revolving Facility Advances) or in the issue or counter-guarantee in respect of Documentary Credits or in the provision of Ancillary Facilities on or after the date upon which the Facility Agent receives the relevant notice of intention to repay such Lender’s share of the Outstandings, on which date all of such Lender’s Available Commitments shall be cancelled and all of its Commitments shall be reduced to zero.

Appears in 4 contracts

Samples: Senior Facilities Agreement (Corporate Express N.V.), Conformed Copy (Buhrmann Nv), Senior Facilities Agreement (Moore Labels Inc)

Right of prepayment and cancellation. in relation to a single Lender) shall not be obliged to participate in the making of Advances (including Revolving Facility Advances or Secondary Revolving Facility Advances) or in the issue or counter-guarantee in respect of Documentary Credits or in the provision of Ancillary Facilities on or after the date upon which the Facility Agent receives the relevant notice of intention to repay such Lender’s share of the Outstandings, on which date all of such Lender’s Available Commitments shall be cancelled and all of its Commitments shall be reduced to zero.

Appears in 3 contracts

Samples: Senior Facilities Agreement (Virgin Media Inc.), Lease Agreement (Virgin Media Inc.), Senior Facilities Agreement (Virgin Media Inc.)

AutoNDA by SimpleDocs

Right of prepayment and cancellation. in relation to a single Lender) shall not be obliged to participate in the making of Advances (including Revolving Facility Advances or Secondary Revolving Facility Advances) or in the issue or counter-guarantee in respect of Documentary Credits or in the provision of Ancillary Facilities on or after the date upon which the Facility Agent receives the relevant notice of intention to repay such Lender’s Lenders share of the Outstandings, on which date all of such Lender’s Lenders Available Commitments shall be cancelled and all of its Commitments shall be reduced to zero.

Appears in 1 contract

Samples: Senior Facilities Agreement (Virgin Media Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.