Common use of Voluntary cancellation Clause in Contracts

Voluntary cancellation. (a) The relevant Borrower 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 US$5,000,000 for Revolving Facility A and €5,000,000 for Revolving Facility B) of an Available Revolving Facility.

Appears in 4 contracts

Samples: Gtech Senior Facilities Agreement (International Game Technology PLC), Gtech Senior Facilities Agreement (International Game Technology PLC), Gtech Senior Facilities Agreement (International Game Technology PLC)

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Voluntary cancellation. A Borrower (aor the Company on its behalf) The relevant Borrower may, if it gives the Facility 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 US$$5,000,000 for Revolving Facility A and €5,000,000 for Revolving Facility Bor EUR5,000,000) of an Available Revolving Facility. Any cancellation under this clause 8.1 shall reduce the Proposed Participations of the Lenders rateably under that Facility.

Appears in 3 contracts

Samples: Agreement (Aegean Marine Petroleum Network Inc.), And Restatement Agreement (Aegean Marine Petroleum Network Inc.), And Restatement Agreement (Aegean Marine Petroleum Network Inc.)

Voluntary cancellation. (a) The relevant During the Availability Period, the Borrower may, if it gives the Agent not less than five (5) 3 Business Days’ Days (or such shorter period as the Majority Lenders may agree) prior notice, cancel the whole or any part (being a minimum amount of US$5,000,000 for Revolving Facility A Euro 50,000,000 and €5,000,000 for Revolving Facility Bin integral multiples of Euro 10,000,000) of an the Available Revolving Facility.

Appears in 2 contracts

Samples: Sappi LTD, Sappi LTD

Voluntary cancellation. (a) The relevant Borrower may, if it gives the Agent not less than five (5) Business Days’ (or such shorter period as the Majority Lenders Agent may agree) prior notice, cancel the whole or any part (being a minimum amount of US$5,000,000 for Revolving Facility A and €5,000,000 for Revolving Facility BUSD 5,000,000) of an the Available Revolving Facility.

Appears in 2 contracts

Samples: Agreement (Polestar Automotive Holding UK PLC), Term Facility Agreement (Polestar Automotive Holding UK PLC)

Voluntary cancellation. (a) The relevant Borrower may, if it gives the Agent not less than five (5) 5 Business Days’ (or such shorter period as the Majority Lenders may agree) prior notice, cancel the whole or any part of the Facilities (but, if in part, being an amount that reduces the amount of the Facilities by a minimum amount of US$5,000,000 for Revolving Facility A and €5,000,000 for Revolving Facility B) of an Available Revolving Facility£5,000,000).

Appears in 1 contract

Samples: Facility Agreement (Cascal B.V.)

Voluntary cancellation. (a) The relevant Borrower may, if it gives the Facility 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 US$5,000,000 for Revolving Facility A and €5,000,000 for Revolving Facility BU.S.$5,000,000) of an the Available Revolving Facility, provided that any such cancellation of the Facility shall be subject to provision of satisfactory evidence that the Borrower will have sufficient funds to consummate the Acquisition and pay for all of the Pro Forma Uses (as defined in Part IB of Schedule 2 (Conditions Precedent)).

Appears in 1 contract

Samples: Intercreditor Agreement (WuXi PharmaTech (Cayman) Inc.)

Voluntary cancellation. (a) The relevant Borrower 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 US$5,000,000 for Revolving Facility A and 5,000,000 for Revolving Facility B5,000,000) of an the Available Revolving Facility.

Appears in 1 contract

Samples: Igt Senior Facilities Agreement (International Game Technology PLC)

Voluntary cancellation. (a) The relevant Borrower may, if it gives the Facility Agent not less than five (5) Business Days20 days(or such shorter period as the Majority Lenders may agree) prior notice, cancel the whole or any part of an Available Facility (but, if in part, being a minimum amount of US$5,000,000 for Revolving Facility A and €5,000,000 for Revolving Facility B) in integral multiples of an Available Revolving FacilityUS$500,000).

Appears in 1 contract

Samples: Facility Agreement (PT Indosat TBK)

Voluntary cancellation. (a) The relevant Borrower 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 US$5,000,000 for Revolving Facility A and €5,000,000 for Revolving Facility B) of an the Available Revolving Facility.

Appears in 1 contract

Samples: Gtech Senior Facilities Agreement (International Game Technology PLC)

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Voluntary cancellation. (a) The relevant Borrower may, if it gives the Agent not less than five (5) 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 US$5,000,000 for Revolving Facility A and €5,000,000 for Revolving Facility BUSD 5,000,000) of an Available Revolving the SPA Acquisition Bridge Facility or the Margin Loan Bridge Facility.

Appears in 1 contract

Samples: Compagnie Maritime Belge NV

Voluntary cancellation. (a) The relevant During the Availability Period, the Borrower may, if it gives the Agent not less than five (5) 3 Business Days’ Days (or such shorter period as the Majority Lenders may agree) prior notice, cancel the whole or any part (being a minimum amount of US$5,000,000 for Revolving Facility A EUR 50,000,000 and €5,000,000 for Revolving Facility Bin integral multiples of EUR 10,000,000) of an the Available Revolving Facility.

Appears in 1 contract

Samples: Amending Agreement (Sappi LTD)

Voluntary cancellation. A Borrower (aor the Company on its behalf) The relevant Borrower may, if it gives the Facility 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 US$$5,000,000 for Revolving Facility A and €5,000,000 for Revolving Facility Bor EUR5,000,000) of an Available Revolving Facility.an

Appears in 1 contract

Samples: And Restatement Agreement (Aegean Marine Petroleum Network Inc.)

Voluntary cancellation. (a) The relevant Borrower Company may, if it gives the Agent not less than five (5) 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 US$5,000,000 for Revolving Facility A and €5,000,000 for Revolving Facility BEUR 1,000,000) of an the Available Revolving Facility, provided that the Uncommitted Facility has been cancelled and/or repaid in full.

Appears in 1 contract

Samples: Agreement (Alliance Data Systems Corp)

Voluntary cancellation. (a) 9.4.1 The relevant Borrower may, if it gives the Facility 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 US$5,000,000 for Revolving Facility A $1,000,000 and €5,000,000 for Revolving Facility Ban integral multiple of $500,000) of an the Total Available Revolving FacilityCommitments.

Appears in 1 contract

Samples: Borrowing Base Facility Agreement (Transglobe Energy Corp)

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