Common use of Voluntary cancellation Clause in Contracts

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.

Appears in 4 contracts

Samples: Facility Agreement (China TransInfo Technology Corp.), Facility Agreement (China Security & Surveillance Technology, Inc.), Facility Agreement (Harbin Electric, Inc)

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Voluntary cancellation. The Each Borrower may, if it gives the Lender not less than five 10 Business Days (5or such shorter period as the Lender may agree) Business Days’ prior notice, cancel the whole or any part (being a minimum amount of US$10,000,000USD 1,000,000) of the Total Commitmentan Available Facility.

Appears in 3 contracts

Samples: Rollover Loan Agreement (Freeseas Inc.), Facility Agreement (FreeSeas Inc.), Facility Agreement (FreeSeas Inc.)

Voluntary cancellation. The Borrower may, if it gives the Lender not less than five (5) Business Days’ (or such shorter period as the Lender may agree) prior notice, cancel the whole or any part (being a minimum amount of US$10,000,0001,000,000 and in integral multiples of US$500,000) or RMB1,000,000 of the Total Commitment.

Appears in 3 contracts

Samples: Facility Agreement, Term Loan Facility Agreement (Solar Power, Inc.), Term Loan Facility (Solar Power, Inc.)

Voluntary cancellation. The Borrower mayBorrowers may (without penalty or premium), if it gives the Lender by giving not less than five ten (510) Business Days’ prior noticewritten notice to the Agent, cancel the whole or any part (being a minimum amount of US$10,000,000) undrawn portion of the Total CommitmentCommitment in minimum amounts of USD 5,000,000 or in integral multiples thereof in each case, or in such other amounts as the Agent may from time to time agree.

Appears in 2 contracts

Samples: Guarantee, Revolving Credit and Term Loan Facility Agreement (DryShips Inc.), Guarantee, Revolving Credit and Term Loan Facility Agreement (DryShips Inc.)

Voluntary cancellation. The Borrower may, if it gives the Lender Agent not less than five (5) Business Days’ Days prior notice, cancel the in whole or any in part (being a minimum the amount of US$10,000,000) of the Total CommitmentCommitments undrawn at the date on which such cancellation is to be effective (but if in part, being an amount of minimum NOK 10,000,000, and multiples of NOK 5,000,000 thereafter).

Appears in 2 contracts

Samples: Multi Currency Revolving Credit Facility Agreement (Gulfmark Offshore Inc), Multi Currency Revolving Credit Facility Agreement (Gulfmark Offshore Inc)

Voluntary cancellation. The Borrower may, if it gives the Lender not less than five ten (510) Business Days’ (or such shorter period as the Lender may agree) prior notice, cancel notice reduce the whole Available Commitment to zero or any part by such amount (being a minimum amount of US$10,000,000US$ 1,000,000 and an integral multiple of US$ 1,000,000) of as the Total CommitmentBorrower may specify in such notice.

Appears in 2 contracts

Samples: Loan Facility Agreement, Loan Facility Agreement (Charm Communications Inc.)

Voluntary cancellation. The Borrower may, if it gives the Lender not less than five (5) three Business Days' prior notice, cancel the whole or any part (being a minimum amount of US$10,000,000) of the Total Available Commitment.

Appears in 2 contracts

Samples: Facility Agreement (Opgen Inc), Interim Facility Agreement (Opgen Inc)

Voluntary cancellation. The Borrower may, if it gives the Lender not less than five (5) 10 Business Days’ (or such shorter period as the Lender may agree) prior written notice, cancel the whole or any part (being a minimum amount of US$$10,000,000) of the Total Available Commitment.

Appears in 2 contracts

Samples: Facility Agreement (Mobile Telesystems Ojsc), Facility Agreement (Mobile Telesystems Ojsc)

Voluntary cancellation. The Borrower may, if it gives the Lender not less than five (5) 10 Business Days’ (or such shorter period as the Lender may agree) prior notice, cancel the whole or any part (being a minimum amount of US$10,000,000) of the Total Available Commitment.

Appears in 2 contracts

Samples: Facility Agreement (WABCO Holdings Inc.), Facility Agreement (WABCO Holdings Inc.)

Voluntary cancellation. (a) The Borrower may, if it gives by giving the Lender not less than five (5) Business Days’ Days prior written notice, cancel all or part of the whole or any part Commitment (being but if in part, in a minimum amount of US$10,000,000) USD [1,000,000] and in integral multiples of the Total CommitmentUSD [1,000,000]).

Appears in 2 contracts

Samples: Revolving Credit Facility Agreement (Flex LNG Ltd.), Revolving Credit Facility Agreement (Flex LNG Ltd.)

Voluntary cancellation. The Borrower may, if it gives the Lender not less than five three (53) Business Days’ prior written notice, cancel the whole or any part (being a minimum amount of US$10,000,0002,000,000 and thereafter in integral multiples of US$1,000,000 or, if less, the principal outstanding amount of the Total Commitment) of the Total Commitment.

Appears in 2 contracts

Samples: Facility Agreement (Sequoia Capital China I Lp), Facility Agreement (Chiu Na Lai)

Voluntary cancellation. The Each Borrower may, if it gives the Lender by giving not less than five (5) 5 Business Days’ prior noticewritten notice to the Agent, cancel the undrawn amount of the Total Commitments in whole or any in part (being but, if in part, in a minimum amount of US$10,000,000Euro 5,000,000) of the Total Commitmentwithout penalty.

Appears in 2 contracts

Samples: Multicurrency Revolving Credit Facility Agreement (Qimonda AG), Multicurrency Revolving Credit Facility Agreement (Qimonda AG)

Voluntary cancellation. The Borrower may, if it gives the Lender not less than five (5) 10 Business Days’ (or such shorter period as the Lender may agree) prior notice, cancel the whole or any part (being a minimum amount of US$10,000,000) of the Total Commitment.

Appears in 2 contracts

Samples: Term Facility Agreement (Grindrod Shipping Holdings Ltd.), Term Facility Agreement (Grindrod Shipping Holdings Ltd.)

Voluntary cancellation. The Original Borrower may, if it gives by giving to the Lender Agent not less than five ten (510) Business Days' prior noticenotice to that effect, cancel the whole or any part (being a minimum an amount no less than USD 25,000,000 or equivalent and in integral multiples of US$10,000,000USD 5,000,000) of the Total CommitmentAvailable Facility without premium or penalty. Any such cancellation shall reduce the Available Commitment and the Commitment of each Bank rateably pro rata across the tranches.

Appears in 1 contract

Samples: Term Loan Facilities Agreement (Dyckerhoff Aktiengesellschaft)

Voluntary cancellation. The Borrower may, if it gives the Lender not less than five ten (510) Business Days’ prior written notice, cancel the whole or any part (being a minimum amount of US$10,000,000) of the Total Commitment.

Appears in 1 contract

Samples: Facility Agreement (Fushi Copperweld, Inc.)

Voluntary cancellation. The Borrower may, if it gives the Lender not less than five (5) Business Days’ (or such shorter period as the Lender may agree) prior notice, cancel the whole or any part (being a minimum amount of US$10,000,0001,000,000) of the Total Available Commitment.

Appears in 1 contract

Samples: Facility Agreement (Melco Resorts & Entertainment LTD)

Voluntary cancellation. The Borrower may, if it gives the Lender without premium, fee or penalty by giving not less than five (5) Business Days’ prior noticewritten notice to the Bank, cancel the whole or unutilised amount of the Commitment, provided that any part (being cancellation shall be in a minimum amount of US$10,000,000) USD 1,000,000 and in whole multiples of USD 1,000,000 in excess of such minimum amount (or the Total entire unutilised Commitment).

Appears in 1 contract

Samples: Revolving Facility Agreement (Vishay Precision Group, Inc.)

Voluntary cancellation. The Borrower may, if it gives the Lender Issuing Bank not less than five (5) ten Business Days’ prior notice, cancel the whole or any part of the Available Commitment (being but, if in part, by a minimum amount of US$10,000,000) of the Total Commitment$500,000).

Appears in 1 contract

Samples: Multicurrency Letter of Credit Facility Agreement (Flagstone Reinsurance Holdings, S.A.)

Voluntary cancellation. The Borrower may, if it gives may cancel the Lender Commitment in whole or in part in multiples of USD 1,000,000 (or such lesser amount as is acceptable to the Agent) upon giving the Agent not less than five three (53) Business Days’ prior notice, cancel the whole or any part (being a minimum amount Days irrevocable written notice of US$10,000,000) of the Total Commitmentsuch cancellation.

Appears in 1 contract

Samples: Bridge Loan Facility Agreement (SeaDrill LTD)

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Voluntary cancellation. The Borrower may, if it gives the Lender not less than five (5) Business Days30 days’ prior notice, cancel the whole or any part (being a minimum amount of US$10,000,0005,000,000) of the Total Available Commitment.

Appears in 1 contract

Samples: Facility Agreement (MediaRing LTD)

Voluntary cancellation. The Borrower may, if it gives the Lender not less than five (5) 10 Business Days’ (or such shorter period as the Lender may agree) prior written notice, cancel the whole or any part (being a minimum amount of US$10,000,000USD 25,000,000) of the Total Commitmentan Available Tranche.

Appears in 1 contract

Samples: Export Credit Agreement (Mobile Telesystems Ojsc)

Voluntary cancellation. The Borrower may, if it gives the Lender by giving not less than five ten (510) Business Days’ prior noticewritten notice to the Agent, cancel the whole or any part (being a minimum amount of US$10,000,000) of the Total CommitmentFacility in minimum amounts of USD 5,000,000, or in such other amounts as the Agent may from time to time agree.

Appears in 1 contract

Samples: Second Supplemental Agreement (KNOT Offshore Partners LP)

Voluntary cancellation. The Borrower may, if it gives the Lender not less than five (5) 10 Business Days’ (or such shorter period as the Lender may agree) prior written notice, cancel the whole or any part (being a minimum amount of US$EUR 10,000,000) of the Total Available Commitment.

Appears in 1 contract

Samples: Facility Agreement (Mobile Telesystems Ojsc)

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 Available Commitment.

Appears in 1 contract

Samples: Facility Agreement

Voluntary cancellation. The Borrower Borrowers may, if it gives they give the Lender not less than five three (53) Business Days' (or such shorter period as the Lender may agree) prior notice, cancel the whole or any part (being a minimum amount of US$10,000,000USD 1,000,000 or multiples thereof) of the Total Available Commitment.

Appears in 1 contract

Samples: Senior Secured Revolving Loan Facility Agreement (DHT Holdings, Inc.)

Voluntary cancellation. The Borrower may, if it gives the Lender not less than five ten (510) Business Days’ prior written notice, cancel the whole or any part (being a minimum amount of US$10,000,00030,000,000 and thereafter in integral multiples of US$30,000,000 or, if less, the principal outstanding amount of the Total Commitment) of the Total Commitment.

Appears in 1 contract

Samples: Facility Agreement (Zhongpin Inc.)

Voluntary cancellation. The Borrower may, if it gives the Lender not less than five (5) 5 Business Days' prior notice, cancel the whole or any part (being a minimum amount of US$10,000,000JPY100,000,000) of the Total Available Commitment.

Appears in 1 contract

Samples: Facility Agreement (CALGON CARBON Corp)

Voluntary cancellation. The Borrower may, if it gives the Lender not less than five (5) seven Business Days’ (or such shorter period as the Lender may agree) prior notice, cancel the whole or any part (but, if in part, being a minimum amount of US$10,000,000ZAR25,000,000) of the Total CommitmentAvailable Commitment in respect of any Tranche.

Appears in 1 contract

Samples: Revolving Credit Facility Agreement (Karooooo Ltd.)

Voluntary cancellation. The Original Borrower may, if it gives the Lender not less than five (5) 3 Business Days’ (or such shorter period as the Lender may agree) prior notice, cancel the whole or any part (being a minimum amount of US$10,000,000$100,000 and a whole multiple of $10,000) of the Total Available Commitment. The Commitment is cancelled to the extent of the Available Commitment cancelled under this Clause 8.3.

Appears in 1 contract

Samples: Facility Agreement (Oil States International, Inc)

Voluntary cancellation. The Borrower may, if it gives the Lender not less than five (5) 10 Business Days' prior notice, cancel the whole or any part (being a minimum amount of US$10,000,000EUR 5,000,000 and an integral multiple of EUR 1,000,000) of the Total CommitmentAvailable Facility.

Appears in 1 contract

Samples: Bridge Facility Agreement (SBS Broadcasting S A)

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