Common use of SPECIAL CASE OF REVOCABLE FACILITY LIMIT REVOCABILITY Clause in Contracts

SPECIAL CASE OF REVOCABLE FACILITY LIMIT REVOCABILITY. The Bank is entitled, at any time throughout the period of the revocable Facility Limit, mentioned as such in the Framework Discounting Agreement or Credit Facility Agreement, irrespective of the occurrence of any Event of Default and without any prior formalities, to diminish or cancel the Available Facility Limit. The Bank shall notify the Borrower subsequently, however on the same calendar day when the measure is taken, and the Borrower shall have 15 (fifteen) days (except for the case where the Bank grants a longer period according to the notice) to repay any amounts due to the Bank under the Financing Documents.