Common use of Voluntary cancellation Clause in Contracts

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.

Appears in 7 contracts

Samples: www.sec.gov, Assignment Agreement (Gold Fields LTD), Assignment Agreement (Sibanye Gold LTD)

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Voluntary cancellation. During the Availability Period, the Parent The Company may, if it gives the Agent not less than five (5) Business Days’ prior notice (or such shorter notice 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)USD 1,000,000) of the Available Facility. Any cancellation under this Clause 7.3 9.2 shall reduce the Commitments of the Lenders rateably.

Appears in 6 contracts

Samples: Intercreditor Agreement (Nord Anglia Education, Inc.), Intercreditor Agreement (Nord Anglia Education, Inc.), Intercreditor Agreement (Nord Anglia Education, Inc.)

Voluntary cancellation. During the Availability Period, the Parent may, if it gives the Facility Agent not less than five 10 (5ten) 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 R10 000 000 ($10,000,000)Ten Million Rand) and integral multiples of R10 000 000 (Ten Million Rand) in excess thereof) of the Available Facility. Any cancellation under this Clause 7.3 clause 10.5 shall reduce the Commitments of the Lenders rateably.

Appears in 5 contracts

Samples: Revolving Credit Facility Agreement (Gold Fields LTD), Facility Agreement (Gold Fields LTD), Facility Agreement (Gold Fields LTD)

Voluntary cancellation. During the Availability Period, the Parent The 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 ten million dollars ($10,000,000)£1,000,000) of the an Available Facility. Any cancellation under this Clause 7.3 7.2 shall reduce the Commitments of the Lenders rateablyrateably under that Facility.

Appears in 5 contracts

Samples: Facility Agreement (Bristow Group Inc.), Assignment Agreement (Bristow Group Inc.), Assignment Agreement (Bristow Group Inc.)

Voluntary cancellation. During the Availability Period, the Parent The Borrower may, if it gives they give 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 ten million dollars ($10,000,000)USD10,000,000) of the Available FacilityTotal Commitments. Any cancellation under this Clause 7.3 7.8 shall reduce the Commitments of the Lenders rateably.

Appears in 4 contracts

Samples: Agreement (Hoegh LNG Partners LP), Agreement (Hoegh LNG Partners LP), www.lw.com

Voluntary cancellation. During the Availability Period, the Parent may, if it gives the Facility Agent not less than five 5 (5five) 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 R10 000 000 ($10,000,000Ten Million Rand)) of the Available Facility. Any cancellation under this Clause 7.3 shall reduce the Commitments of the Lenders rateably.

Appears in 2 contracts

Samples: Facility Agreement (Gold Fields LTD), Facility Agreement (Gold Fields LTD)

Voluntary cancellation. During the Availability Period, the 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)5,000,000 and in integral multiples of $2,500,000) of the Available FacilityFacility without premium or penalty. Any cancellation under this Clause 7.3 shall reduce the Commitments of the Lenders rateably.

Appears in 2 contracts

Samples: Facility Agreement (Innospec Inc.), Revolving Facility Agreement (Innospec Inc.)

Voluntary cancellation. During the Availability Period, the (a) The Parent may, if it gives the Agent not less than five (5) ten 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)£500,000) of the an Available Facility. Any cancellation under this Clause 7.3 8.2 shall reduce the Commitments of the Lenders rateablyrateably under that Facility.

Appears in 2 contracts

Samples: Senior Facilities Agreement, Senior Facilities Agreement

Voluntary cancellation. During the Availability Period, subject to clause 11.4 (Cancellation Fee), the Parent may, if it gives the Facility Agent not less than five 10 (5ten) 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 R10 000 000 ($10,000,000)Ten Million Rand) and integral multiples of R10 000 000 (Ten Million Rand) in excess thereof) of the Available Facility. Any cancellation under this Clause 7.3 clause 10.5 shall reduce the Commitments of the Lenders rateably.

Appears in 2 contracts

Samples: Credit Facility Agreement (Sibanye Gold LTD), Credit Facility Agreement (Gold Fields LTD)

Voluntary cancellation. During the Availability Period(a) Subject to paragraph (b) below, the Parent 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 ten million dollars ($10,000,000)£250,000 and an integral multiple of £250,000) of the an Available Facility. Any cancellation under this Clause 7.3 7.2 shall reduce the Commitments of the Lenders rateablyrateably under that Facility.

Appears in 1 contract

Samples: Facilities Agreement (Genesco Inc)

Voluntary cancellation. During the Availability Period, the The Parent 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 ten million dollars ($10,000,000)1,000,000) of the Available Facility. Any cancellation under this Clause 7.3 9.2 shall reduce the Commitments of the Lenders rateablyrateably under the Facility.

Appears in 1 contract

Samples: Facility Agreement (Gulfmark Offshore Inc)

Voluntary cancellation. During the Availability Period, the The Parent may, if it gives the Agent not less than five (5) 7 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)L250,000) of the an Available Facility. Any cancellation under this Clause 7.3 8.8 shall reduce the Commitments of the Lenders rateablyrateably under that Facility.

Appears in 1 contract

Samples: Facilities Agreement (Inveresk Research Group LTD)

Voluntary cancellation. During the Availability Period, the The Parent may, if it gives the Agent not less than five ten (510) 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 ($USD 10,000,000)) of the an Available Facility. Any cancellation under this Clause 7.3 8.3 shall reduce the Commitments of the Lenders rateablyrateably under that Facility.

Appears in 1 contract

Samples: Multicurrency Term and Revolving Facilities Agreement (Seawell LTD)

Voluntary cancellation. During the Availability Period, the The Parent may, if it gives the Agent not less than five (5) Business Days10 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 8.3 shall reduce the Commitments of the Lenders rateably.

Appears in 1 contract

Samples: Facility Agreement (Gold Fields LTD)

Voluntary cancellation. During the Availability Period, the The Parent may, if it gives the Facility Agent not less than five (5) three 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)US$5,000,000 and in integral multiples of US$1,000,000 if in excess of US$5,000,000) of the Available Facility. Any cancellation under this Clause 7.3 6.6 shall reduce the Commitments of the Lenders rateably.

Appears in 1 contract

Samples: Facility Agreement (Global Ship Lease, Inc.)

Voluntary cancellation. During the Availability Period, the 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)€2,500,000) of the an Available Facility. Any cancellation under this Clause 7.3 shall reduce the Commitments of the Lenders rateably.11.4:

Appears in 1 contract

Samples: Facility Agreement (Rockwood Holdings, Inc.)

Voluntary cancellation. During the Availability Period, the The Parent may, if it gives the Facility Agent not less than five (5) 10 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 an Available Facility. Any cancellation under this Clause 7.3 11.3 shall reduce rateably the Commitments of the Lenders rateablyunder that Facility.

Appears in 1 contract

Samples: Facilities Agreement (Iron Mountain Inc)

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 ($US$10,000,000)) of the Available Facility. Any cancellation under this Clause 7.3 7.7 shall reduce the Commitments of the Lenders rateably.

Appears in 1 contract

Samples: Assignment Agreement (Gold Fields LTD)

Voluntary cancellation. During the Availability Period, the The Parent may, if it gives the Agent not less than five (5) seven 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)US$1,000,000 and a multiple of US$500,000) of the Available Facility. Any cancellation under this Clause clause 7.3 shall reduce the Commitments of the Lenders rateably.

Appears in 1 contract

Samples: Agreement (Aramex International LTD)

Voluntary cancellation. During the Availability Period, the The Parent may, if it gives the Agent not less than five (5) 7 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)pound)250,000) of the an Available Facility. Any cancellation under this Clause 7.3 8.8 shall reduce the Commitments of the Lenders rateablyrateably under that Facility.

Appears in 1 contract

Samples: Facilities Agreement (Inveresk Research Group Inc)

Voluntary cancellation. During the Availability Period, the Parent may, if it gives the Facility Agent not less than five (5) 10 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)R10,000,000 and integral multiples of R10,000,000 in excess thereof) of the Available Facility. Any cancellation under this Clause 7.3 9.5 shall reduce the Commitments of the Lenders rateably.

Appears in 1 contract

Samples: Agreement (Gold Fields LTD)

Voluntary cancellation. During the Availability Period, the 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)1,000,000) of the an Available Facility. Any cancellation under this Clause 7.3 11.2 shall reduce the Commitments of the Lenders rateablyrateably under that Facility. 11.3.

Appears in 1 contract

Samples: Agreement (Paradigm Ltd.)

Voluntary cancellation. During the Availability Period, the 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)5,000,000) of the an Available FacilityFacility without premium or penalty. Any cancellation under this Clause 7.3 8.3 shall reduce the Commitments of the Lenders rateablyrateably under that Facility.

Appears in 1 contract

Samples: Facility Agreement (Octel Corp)

Voluntary cancellation. During the Availability Period, the Parent may, if it gives the Facility Agent not less than five 5 (5five) 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 ZAR10,000,000 ($10,000,000Ten Million Rand)) of the an Available Facility. Any cancellation under this Clause 7.3 shall reduce the Commitments of the Lenders rateablyrateably under that Facility.

Appears in 1 contract

Samples: Gold Fields LTD

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Voluntary cancellation. During the Availability Period, Subject to clause 8.3 (Voluntary prepayment of Loans) the Parent may, if it gives the Agent not less than five (5) seven 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)US$500,000) of the Available Facility. Any cancellation under this Clause 7.3 clause 8.2 shall reduce the Commitments of the Lenders rateably.

Appears in 1 contract

Samples: Facility Agreement (Enstar Group LTD)

Voluntary cancellation. During the Availability Period, the 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 US$10,000,000 ($10,000,000or its equivalent)) of the Available Facility. Any cancellation under this Clause 7.3 10.3 shall reduce the Commitments of the Lenders Banks rateably.

Appears in 1 contract

Samples: Multicurrency Revolving Credit and Guarantee (Subsea 7 S.A.)

Voluntary cancellation. During the Availability Period, the 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)5,000,000 and in integral multiples of $2,500,000) of the an Available FacilityFacility without premium or penalty. Any cancellation under this Clause 7.3 8.4 shall reduce the Commitments of the Lenders rateablyrateably under that Facility.

Appears in 1 contract

Samples: Facility Agreement (Innospec Inc.)

Voluntary cancellation. During the Availability Period, the 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)5,000,000) of the an Available FacilityFacility without premium or penalty. Any cancellation under this Clause 7.3 9.3 shall reduce the Commitments of the Lenders rateablyrateably under that Facility.

Appears in 1 contract

Samples: Facility Agreement (Octel Corp)

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)) US$10,000,000 of the an Available Facility. Any cancellation under this Clause 7.3 7.4 shall reduce the Commitments of the Lenders rateably.

Appears in 1 contract

Samples: Credit Facilities Agreement (Gold Fields LTD)

Voluntary cancellation. During the Availability Period, the Parent 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 ten million dollars R10,000,000 ($10,000,000Ten Million Rand)) of the an Available Facility. Any cancellation under this Clause 7.3 clause 10.3 shall reduce the Commitments of the Lenders rateablyrateably under that Facility.

Appears in 1 contract

Samples: Revolving Credit Facility Agreement (Gold Fields LTD)

Voluntary cancellation. During the Availability Period, the 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)US$5,000,000) of the Available Facility. Any cancellation under this Clause 7.3 11.3 shall reduce the Commitments of the Lenders rateably.

Appears in 1 contract

Samples: Facility Agreement (Orion Engineered Carbons S.a r.l.)

Voluntary cancellation. During the Availability Period, the (a) The Parent may, if it gives the Agent Agents 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)) EUR 1,000,000 and an integral multiple of the EUR 500,000 of an Available Facility. Any cancellation under this Clause 7.3 11.3 shall reduce the Commitments of the Lenders rateablyrateably under that Facility.

Appears in 1 contract

Samples: Facilities Agreement (International Textile Group Inc)

Voluntary cancellation. During the Availability Period, the The Parent Company may, if it gives the Agent not less than five (5) three 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 ($US$ 10,000,000)) of the an Available Facility. Any cancellation under this Clause 7.3 7.2 shall reduce the Commitments of the Lenders rateablyrateably under that Facility.

Appears in 1 contract

Samples: Assignment Agreement (Shire PLC)

Voluntary cancellation. During the Availability Period, the Parent 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 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.

Appears in 1 contract

Samples: Facility Agreement (Gold Fields LTD)

Voluntary cancellation. During the Availability Period, The Company (or the Parent on its behalf) 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 ten million dollars ($10,000,000)£250,000 and a multiple of £100,000) of the Available Facility. Any cancellation under this Clause 7.3 clause 7.2 shall reduce the Commitments of the Lenders rateablyrateably under the Facility.

Appears in 1 contract

Samples: Management Agreement (Sunrise Senior Living Inc)

Voluntary cancellation. During the Availability Period, the The Parent may, if it gives the Agent not less than five (5) Business Days10 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)25,000,000) of the Available Facility. Any cancellation under this Clause 7.3 7.4 shall reduce the Commitments of the Lenders rateably.

Appears in 1 contract

Samples: Facility Agreement (Gold Fields LTD)

Voluntary cancellation. During the Availability Period, Subject to Clause 7.3 (Voluntary prepayment of Loans) the Parent may, if it gives the Agent not less than five (5) 10 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)US$500,000) of the Available Facility. Any cancellation under this Clause 7.3 7.2 shall reduce the Commitments of the Lenders rateably.

Appears in 1 contract

Samples: Assignment Agreement (Enstar Group LTD)

Voluntary cancellation. During the Availability Period(a) Subject to paragraph (b) below, the Parent 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 ten million dollars ($10,000,000)£250,000 and an integral multiple of £250,000) of the an Available Facility. Any cancellation under this Clause 7.3 7.2 shall reduce the Commitments of the Lenders rateablyrateably under that Facility.

Appears in 1 contract

Samples: Facilities Agreement (Genesco Inc)

Voluntary cancellation. During the Availability Period, the The Parent may, if it gives the Agent not less than five (5) three Business Days' (or such shorter period as the Majority Lenders Creditors may agree) prior notice, cancel the whole or any part of an Available Facility (but if in part, being in an amount that reduces the amount of such Facility by a minimum amount of ten million dollars ($10,000,000€5,000,000 or an integral multiple of €1,000,000)) of the Available Facility. Any cancellation under this Clause 7.3 9.5 shall reduce the Commitments of the Lenders rateablyCreditors rateably under that Facility.

Appears in 1 contract

Samples: Senior Subscription Agreement (TPG Advisors IV, Inc.)

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