Voluntary cancellation. The Borrower may, if it gives the Agent not less than five (5) Business Days’ prior notice, cancel the whole or any part (being a minimum of HK$100,000,000) of the Available Facility in respect of the Revolving Facility. Any cancellation under this Clause 8.2 shall reduce the Commitments of the Lenders rateably under the Revolving Facility.
Voluntary cancellation. (a) The Company may, by giving not less than five Business Days’ prior notice to the Facility Agent, cancel the unutilised amount of the Total Commitments in whole or in part.
(b) Partial cancellation of the Total Commitments must be in a minimum amount of US$10,000,000 and an integral multiple of US$1,000,000.
(c) Any cancellation in part of a Facility will be applied against the Commitment of each Lender under that Facility pro rata.
Voluntary cancellation. During the Availability Period, the Parent may, if it gives the Agent not less than five (5) Business Days’ (or such shorter period as the Majority Lenders may agree) prior notice, cancel the whole or any part (being a minimum amount of ten million dollars ($10,000,000)) of the Available Facility. Any cancellation under this Clause 7.3 shall reduce the Commitments of the Lenders rateably.
Voluntary cancellation. The Borrower may, if it gives the Lender not less than five (5) Business Days’ prior notice, cancel the whole or any part (being a minimum amount of US$10,000,000) of the Total Commitment.
Voluntary cancellation. The Company may, if it gives the Agent not less than 10 Business Days’ (or such shorter period as the Majority Facility B Lenders or Majority Facility C Lenders may agree) prior notice, cancel the whole or any part (being in the case of Facility B a minimum amount of €5,000,000 and in integral multiples of €500,000 and in the case of Facility C, USD5,000,000 and integral multiples of USD500,000) of an Available Facility. Any cancellation under this Clause 9.9 shall reduce the Commitments of the Lenders rateably under that Facility.
Voluntary cancellation. The Company may, if it gives the Facility Agent not less than 3 Business Days’ (or such shorter period as the Majority Lenders may agree) prior notice, cancel the whole or any part (being a minimum amount of euro 25,000,000) of the Available Facility. Any cancellation in part under this Clause 8.3 will be applied against the Commitment of each Lender pro rata.
Voluntary cancellation. (a) At any time prior to the tenth (10th) Business Day before the Scheduled Delivery Date, subject to the Borrower paying any due and unpaid fees (including, for the avoidance of doubt, the Finance Parties’ legal fees required hereunder, the Commitment Fee and any fees under the Fee Letters), and provided that the Borrower provides evidence satisfactory to the Facility Agent and the Funding Entity that it has the adequate financial resources available to it to pay all sums contractually due to the Builder at the delivery of the Purchased Vessel, the Borrower may, without liability for any Funding Losses, premium or penalties, provide written notice to the Facility Agent (of which the Facility Agent shall notify BpiFAE and the Funding Entity) that the Borrower elects to cancel all or part of the available Facility, and such cancellation shall become effective on the earlier of the tenth (10th) Business Day after such notice has been provided to the Facility Agent and the Scheduled Delivery Date.
(b) Any cancellation under this Clause 2.4 (Voluntary Cancellation) shall (i) reduce the Commitments of the Lenders ratably (provided that, if the Borrower cancels up to twenty per cent. (20%) of the Facility in accordance with paragraph (a) above within four (4) months of the date of this Agreement (or such longer period as the Facility Agent, acting on the instructions of the Mandated Lead Arrangers, acting reasonably, may agree prior to the expiration of such four (4) month period) for purposes of creating a separate USD facility to be used for purposes of financing the acquisition of the Purchased Vessel, then Natixis shall maintain its participation percentage in the Loan as originally transferred or assigned to it pursuant to Clause 13.11(a)(iv)) and (ii) be irrevocable.
(c) The Borrower shall notify the Facility Agent in writing of any cancellation of the available USD Facility and shall not cancel all or part of the available USD Facility without providing evidence satisfactory to the Facility Agent and the Funding Entity that it has the adequate financial resources available to it to pay all sums contractually due to the Builder at the delivery of the Purchased Vessel.
Voluntary cancellation. 7.1.1 The Borrower may cancel the unutilised and undrawn amount of the Senior Facility G Commitments in accordance with the requirements (and subject to the terms) of clause 7 (Prepayment and Cancellation) of the Common Terms Agreement.
7.1.2 No amount of the Senior Facility G Commitments cancelled pursuant to this Clause may be reinstated.
Voluntary cancellation. A participant in this network marketing plan has a right to cancel at any time, regardless of reason. Cancellation must be submitted in writing to the Company at its principal business address. The written notice must include the Distributor’s signature, printed name, address, and Distributor I.D.
Voluntary cancellation. (a) Funding 1 may with the prior written consent of the Security Trustee and provided that:
(i) the Rating Agencies have confirmed that such cancellation will have no material adverse effect on the then current ratings of any of the Notes of any Issuer; or
(ii) if the ratings of any of the Notes of any Issuer has previously been downgraded that such cancellation will not prevent the restoration of such rating, without premium or penalty, cancel the undrawn and uncancelled part of the Funding 1 Liquidity Facility Commitment in whole or in part (but if in part, in multiples of not less than [GBP]50,000 unless the Funding 1 Liquidity Facility Commitment is less than [GBP]50,000) at any time provided that it has given the Funding 1 Liquidity Facility Provider not less than seven London Business Days' prior notice (which notice Funding 1 shall copy to the Security Trustee, the Cash Manager and to the Rating Agencies) stating the principal amount to be cancelled. During such seven Business Day period Funding 1 may not serve a Funding 1 Liquidity Facility Request purporting to draw all or any part of the amount the subject of such notice of such cancellation.
(i) Funding 1 has given the Funding 1 Liquidity Facility Provider not less than 15 Business Days' notice (copied to the Security Trustee and the Rating Agencies);
(ii) Funding 1 has made arrangements for a new liquidity facility provider which is a Qualifying Lender and has the Requisite Ratings to enter into a new liquidity facility agreement on substantially the same terms as this Agreement; and
(iii) the Funding 1 Liquidity Facility Provider has been repaid all amounts outstanding to it under this Agreement.
(c) Funding 1 may also, without premium or penalty, by notice to the Funding 1 Liquidity Facility Provider, cancel the whole of the Funding 1 Liquidity Facility Commitment on the Repayment Date.
