Common use of Voluntary cancellation Clause in Contracts

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.

Appears in 12 contracts

Samples: Agreement (Amec PLC), Agreement (Amec PLC), Agreement (Amec PLC)

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Voluntary cancellation. (a) The Company may, by giving not less than five three Business Days’ prior notice to the Facility Agent, cancel the unutilised amount of the Total Commitments in whole or in part.

Appears in 8 contracts

Samples: Credit Facility Agreement (MGM Resorts International), Credit Facility Agreement (MGM Resorts International), Credit Agreement (MGM Resorts International)

Voluntary cancellation. (a) The Company Owner 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 partpart so long as it cancels a pro rata amount of commitments under the Sister Loan Agreement.

Appears in 6 contracts

Samples: Agreement (Ocean Rig UDW Inc.), Agreement (DryShips Inc.), Agreement (DryShips Inc.)

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 Revolving Credit Commitments in whole or in part.

Appears in 5 contracts

Samples: Amendment and Restatement Agreement (Smurfit Kappa Funding PLC), Agreement (E. Merck oHG), Agreement (Smurfit Kappa Acquisitions)

Voluntary cancellation. (a) The Company Obligors’ Agent 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.

Appears in 4 contracts

Samples: Agreement, Agreement (Imperial Tobacco Group PLC), Agreement (Imperial Tobacco Group PLC)

Voluntary cancellation. (a) The Company may, by giving not less than five 10 Business Days’ prior notice to the Facility Agent, cancel the unutilised amount of the Total Commitments in whole or in part.

Appears in 4 contracts

Samples: Restatement Agreement (Mittal Steel Co N.V.), Restatement Agreement (Mittal Steel Co N.V.), Agreement (Alfa Laval Special Finance Ab)

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.

Appears in 3 contracts

Samples: Agreement (United States Steel Corp), Agreement (United States Steel Corp), Agreement (International Paper Co /New/)

Voluntary cancellation. (a) The Company may, by giving not less than five three Business Days' prior notice to the Facility Agent, cancel the unutilised amount of the Total Commitments in whole or in part.

Appears in 3 contracts

Samples: Agreement (Tele2 Ab), Agreement (PPL Corp), Western Power Distribution (PPL Corp)

Voluntary cancellation. (a) 10.5.1 The Company may, by giving not less than five three Business Days’ prior written notice to the Facility Agent, cancel the unutilised amount of the Total Commitments in whole or in part.

Appears in 3 contracts

Samples: Amendment and Restatement Agreement (PPL Energy Supply LLC), Amendment and Restatement Agreement (PPL Energy Supply LLC), Agreement (PPL Energy Supply LLC)

Voluntary cancellation. (a) The Subject to paragraph (b) below, 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.

Appears in 3 contracts

Samples: Agreement (Liberty Global, Inc.), Agreement (Liberty Global, Inc.), Telenet Bidco (Liberty Global, Inc.)

Voluntary cancellation. (a) The Company may, by giving not less than five 2 Business Days' prior notice to the Facility Agent, cancel the unutilised amount portion of the Total Facility A Commitments or the Total Facility B Commitments in whole or in part (but, if in part, in a minimum amount of 10,000,000 pounds and an integral multiple of 5,000,000 pounds). Any cancellation in part shall be applied against the relevant Commitment of each Bank pro rata.

Appears in 2 contracts

Samples: Agreement (System Energy Resources Inc), Agreement (Entergy London Capital Lp)

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.

Appears in 2 contracts

Samples: Agreement (Smith & Nephew PLC), Agreement (Smith & Nephew PLC)

Voluntary cancellation. (a) The Company Owner 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 partpart so long as it cancels a pro rata amount of commitments under the Sister Loan Agreement.

Appears in 2 contracts

Samples: Agreement (Ocean Rig UDW Inc.), Agreement (Ocean Rig UDW Inc.)

Voluntary cancellation. (a) The Company may, by giving not less than five 2 Business Days' prior notice to the Facility Agent, cancel without penalty the unutilised amount of the Total Commitments in whole or in part.

Appears in 2 contracts

Samples: Agreement (Schlumberger LTD /Ny/), Agreement (Schlumberger LTD /Ny/)

Voluntary cancellation. (a) 7.2.1 The Company may, by giving not less than five (5) Business Days' prior notice to the Facility Agent, cancel the unutilised amount portion of the Total Commitments in whole or in part (but, if in part, in a minimum of £50,000,000 and an integral multiple of £5,000,000) without premium or penalty.

Appears in 2 contracts

Samples: Schneider Electric Se, www.se.com

Voluntary cancellation. (a) The Company may, by giving not less than five two Business Days’ prior notice to the Facility Agent, cancel the unutilised amount of the Total Commitments in whole or in part.

Appears in 2 contracts

Samples: Agreement (PPG Industries Inc), Agreement (PPG Industries Inc)

Voluntary cancellation. (a) 8.5.1 The Company may, by giving not less than five three Business Days' prior written notice to the Facility Agent, cancel the unutilised amount of the Total Commitments in whole or in part.

Appears in 1 contract

Samples: PPL Energy Supply LLC

Voluntary cancellation. (a) The Company may, by giving not less than five Business Days30 days’ prior notice to the Facility Agent, cancel the unutilised amount of the Total Commitments in whole or in part.

Appears in 1 contract

Samples: Chartered Semiconductor Manufacturing LTD

Voluntary cancellation. (a) The Company may, by giving if it gives the Agent not less than five 5 Business Days' (or such shorter period as the Majority Lenders may agree) prior notice to the Facility Agentnotice, cancel the unutilised whole or any part (being a minimum amount of EUR 1,000,000) of the Total Commitments in whole or in partAvailable Term Facility.

Appears in 1 contract

Samples: Agreement (Alliance Data Systems Corp)

Voluntary cancellation. (a) The Company may, by giving not less than five 5 Business Days’ prior notice to the Facility Agent, cancel the unutilised amount of the Total Commitments in whole or in part.

Appears in 1 contract

Samples: Agreement (Smith & Nephew PLC)

Voluntary cancellation. (a) The Company may, by giving if it gives the Lender not less than five 20 Business Days' (or such shorter period as the Lender may agree) prior notice to the Facility Agentwritten notice, cancel the unutilised amount whole of the Total Commitments in whole or in partAvailable Commitment.

Appears in 1 contract

Samples: Facility Agreement

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 Tranche A Commitments or the Tranche B Commitments in whole or in part.

Appears in 1 contract

Samples: Agreement (Valentia Telecommunications)

Voluntary cancellation. (a) 10.5.1 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.

Appears in 1 contract

Samples: Facilities Agreement (Royal Ahold)

Voluntary cancellation. (a) The Company may, by giving not less than five 5 Business Days’ prior notice to the Facility Agent, cancel the unutilised amount of the Total Commitments in respect of a specified Facility in whole or in part.

Appears in 1 contract

Samples: Agreement (Smith & Nephew PLC)

Voluntary cancellation. (a) The Company may, by giving not less than five Business Days’ prior notice to the Facility Agent, cancel the unutilised unutilized amount of the Total Commitments in whole or in partpart provided that no cancellation may be made by the Company during the Offer Period.

Appears in 1 contract

Samples: Syndicated Facilities Agreement (Bayer Aktiengesellschaft)

Voluntary cancellation. (a) The Company may, by giving not less than five ten Business Days’ prior written notice to the Facility Agent, cancel the unutilised amount of the Total Commitments under a Facility, as the case may be, in whole or in part.

Appears in 1 contract

Samples: Agreement (Rhodia)

Voluntary cancellation. (a) The Company may, by giving not less than five Business Daysten days’ prior notice to the Facility Agent, cancel the unutilised amount of the Total Commitments in whole or in part.

Appears in 1 contract

Samples: Agreement (Hungarian Telephone & Cable Corp)

Voluntary cancellation. (a) The Company may, by giving if it gives the Agent not less than five Business Days’ (or such shorter period as the Majority Lenders may agree) prior notice to the Facility Agentnotice, cancel the unutilised whole or any part (being a minimum amount of £10,000,000) of the Total Commitments in whole or in partAvailable Facility.

Appears in 1 contract

Samples: Reuters Group PLC /Adr/

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Voluntary cancellation. (a) The Company may, by giving not less than five 10 Business Days' prior notice to the Facility Agent, cancel the unutilised amount of the Total Commitments in whole or in part.

Appears in 1 contract

Samples: Agreement (Preem Holdings Ab Publ)

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 Tranche A Commitments, the Tranche B Commitments, the Tranche C Commitments or the Tranche D Commitments in whole or in part.

Appears in 1 contract

Samples: Agreement (Valentia Telecommunications)

Voluntary cancellation. (a) The Subject to the other terms of this Agreement, the Company may, by giving not less than five Business Days’ 30 days prior notice to the Facility Agent, cancel the unutilised amount of the Total Commitments Commitment in whole or in part.

Appears in 1 contract

Samples: Facility Agreement (Aquaventure Holdings LLC)

Voluntary cancellation. (a) The Company may, by giving not less than five 5 Business Days' prior notice to the Facility Agent, cancel the unutilised amount of the Total Commitments in respect of a specified Facility in whole or in part.

Appears in 1 contract

Samples: Agreement (Oratec Interventions Inc)

Voluntary cancellation. (a) The Company may, by giving not less than five 15 Business Days' prior notice to the Facility AgentLender, cancel the unutilised amount of the Total Commitments a Commitment in whole or in part.

Appears in 1 contract

Samples: Kadant Jining Light (Kadant Inc)

Voluntary cancellation. (a) The Company may, by giving not less than five 15 Business Days’ prior notice to the Facility Administrative Agent, cancel the unutilised amount of the Total Commitments in whole or in part.

Appears in 1 contract

Samples: Agreement (Photronics Inc)

Voluntary cancellation. (a) The Company may, by giving not less than five three Business Days’ prior notice to the Facility Agent, cancel the unutilised amount of the Total Revolving Credit Commitments in whole or in part.

Appears in 1 contract

Samples: Credit Agreement (Merix Corp)

Voluntary cancellation. (a) The Company may, by giving not less than five 3 Business Days’ prior notice to the Facility Agent, cancel the unutilised amount of the Total Revolving Credit Facility A Commitments or the Total Revolving Credit Facility B Commitments in whole or in part.

Appears in 1 contract

Samples: Supplemental Agreement (Enodis PLC)

Voluntary cancellation. (a) The Company may, by giving not less than five Business Days’ 14 days' prior notice to the Facility Agent, cancel the unutilised amount of the Total Commitments in whole or in part.

Appears in 1 contract

Samples: Agreement (Halliburton Co)

Voluntary cancellation. (a) The Company may, by giving not less than five 5 Business Days’ prior notice to the Facility Agent, cancel the unutilised amount of the Total Commitments in whole or in part. However no prior notice is required if such cancellation is made in connection with the funding of the Take Out Facility.

Appears in 1 contract

Samples: Agreement (Preem Holdings Ab Publ)

Voluntary cancellation. (a) The Company may, by giving not less than five 15 Business Days’ prior notice to the Facility Agent, cancel the unutilised amount of the Total Commitments in whole or in part.

Appears in 1 contract

Samples: Agreement (Converium Holding Ag)

Voluntary cancellation. (a) The Company may, by giving not less than five Business Days’ 30 days' prior notice to the Facility Agent, cancel the unutilised amount of the Total Commitments in whole or in part.

Appears in 1 contract

Samples: Subordination Agreement (Kellwood Co)

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 partpart provided that no cancellation may be made by the Company during the Offer Period.

Appears in 1 contract

Samples: Bridge Facilities Agreement (Bayer Aktiengesellschaft)

Voluntary cancellation. (a) The Company may, may by giving not less than five ten Business Days’ prior notice to the Facility Agent, cancel the unutilised amount of the Total Commitments in whole or in part.

Appears in 1 contract

Samples: Agreement (Evraz Group S.A.)

Voluntary cancellation. (a) The Company may, by giving not less than five two Business Days’ prior notice to the Facility Agent, cancel the unutilised amount of the Total Facility A Commitments and/or Total Facility B Commitments in whole or in part.

Appears in 1 contract

Samples: Loan Facilities Agreement

Voluntary cancellation. (a) The Subject to paragraph (b) below, 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.

Appears in 1 contract

Samples: Agreement (Royal Ahold)

Voluntary cancellation. (a) The Company may, by giving if it gives the Facility Agent not less than five Business Days' prior notice to the Facility Agentnotice, cancel the unutilised amount of the Total Commitments in whole or in partany part of an Available Facility.

Appears in 1 contract

Samples: Agreement (eHi Car Services LTD)

Voluntary cancellation. (a) The Company may, by giving if it gives the Facility Agent not less than five Business Days’ prior notice to (or such shorter period as the Facility AgentMajority Lenders may agree) notice, cancel the unutilised amount whole or any part of the Total Commitments in whole or in partAvailable Facility.

Appears in 1 contract

Samples: Facility Agreement (IHS Holding LTD)

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