Common use of Voluntary cancellation Clause in Contracts

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.

Appears in 4 contracts

Samples: Syndicated Revolving Credit Agreement (Ibasis Inc), Syndicated Revolving Credit Agreement (Koninklijke KPN N V), Syndicated Revolving Credit Agreement (Koninklijke KPN N V)

AutoNDA by SimpleDocs

Voluntary cancellation. The Company may, if it gives the Facility Agent not less than 3 Business Days’ 10 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$25,000,000 (or its equivalent in any other currency or currencies) or the outstanding balance under the Facility, if less) of the Available Facility. Any cancellation in part under this Clause 8.3 will be applied against Facility at any time during the Commitment of each Lender pro rataAvailability Period.

Appears in 4 contracts

Samples: Debt Bridge Facility Agreement (Xstrata PLC), Debt Bridge Facility Agreement (Xstrata PLC), Debt Bridge Facility Agreement (Xstrata PLC)

Voluntary cancellation. The Company may, if it gives the Facility Agent not less than 3 Business Days’ 10 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$25,000,000 (or its equivalent in any other currency or currencies) or the outstanding balance under the relevant Facility, if less) of an Available Facility at any time during the Available Availability Period in respect of the relevant Facility. Any cancellation in part under this Clause 8.3 will be applied against the Commitment of each Lender pro rata.

Appears in 2 contracts

Samples: Loan Facility Agreement (Falconbridge LTD), Loan Facility Agreement (Falconbridge LTD)

Voluntary cancellation. (a) 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 written notice, cancel the whole or any part (being a minimum amount of euro 25,000,000$2,000,000, £1,500,000 or €2,000,000 (or its equivalent in any currency) and a multiple of $500,000 (or its equivalent in any currency)) of the an Available Facility. Any cancellation in part under this Clause 8.3 will be applied against clause 10.3 shall reduce the Commitment Commitments of each Lender pro ratathe Lenders rateably under the relevant Facility. (b) Not used.

Appears in 2 contracts

Samples: Senior Facilities Agreement (Luxfer Holdings PLC), Senior Facilities Agreement (Luxfer Holdings PLC)

Voluntary cancellation. The Company may, if it gives the Facility Agent not less than 3 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 euro 25,000,000$25,000,000 (or its equivalent in any other currency or currencies) or the outstanding balance under the relevant Facility, if less) of an Available Facility at any time during the Available Availability Period in respect of the relevant Facility. Any cancellation in part under this Clause 8.3 will be applied against the Commitment of each Lender pro rata.

Appears in 2 contracts

Samples: Multicurrency Loan Facility Agreement (Xstrata PLC), Multicurrency Loan Facility and Subscription Agreement (Xstrata PLC)

Voluntary cancellation. The Company Borrower may, if it gives the Facility Agent not less than 3 10 Business Days’ prior notice (or such shorter period as the Majority Lenders Facility Agent may in its sole discretion agree) prior notice, cancel the whole or any part (being a minimum amount of euro 25,000,000US$100,000,000 or any multiple thereof) of the Available Facility. Any cancellation in part under this Clause 8.3 will be applied against the Commitment of each Lender pro rata.

Appears in 2 contracts

Samples: Amendment and Restatement Agreement (Mechel OAO), Amendment and Restatement Agreement (Mechel OAO)

Voluntary cancellation. The Company may, if it gives the Facility Agent not less than 3 Business Days’ 5 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 25,000,00050,000,000) of the Available Facility. Any cancellation in part under this Clause 8.3 will be applied against the Commitment of each Lender pro rata.

Appears in 1 contract

Samples: Syndicated Revolving Credit Agreement (Koninklijke KPN N V)

Voluntary cancellation. The Company may, if it gives the Facility Agent not less than 3 Business Days5 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 25,000,00050,000,000) of the Available Facility. Any cancellation in part under this Clause 8.3 will be applied against the Commitment of each Lender pro rata.

Appears in 1 contract

Samples: Syndicated Revolving Credit Agreement (Koninklijke KPN N V)

Voluntary cancellation. The Company may, if it gives the Facility Agent not less than 3 three Business Days' (or such shorter period as the Majority Lenders may agree) prior notice, cancel the whole or any part (but, if in part being a minimum amount of euro 25,000,000US$1,000,000 and integral multiples of US$500,000) of the Available Facility. Any cancellation in part under this Clause 8.3 will be applied against 9.8 shall reduce the Commitment Commitments of each Lender pro ratathe Lenders rateably.

Appears in 1 contract

Samples: Mgo Facility Agreement

Voluntary cancellation. The Company may, if it gives the Facility Agent not less than 3 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 euro 25,000,000US$1,000,000 and an integral multiple of US$500,000) of the an Available Facility. Any cancellation in part under this Clause 8.3 will be applied against 10.3 shall reduce the Commitment Commitments of each Lender pro ratathe Lenders rateably under that Facility.

Appears in 1 contract

Samples: Term and Revolving Facilities Agreement (ShangPharma Corp)

Voluntary cancellation. (a) 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 written notice, cancel the whole or any part (being a minimum amount of euro 25,000,000$2,000,000, £1,500,000 or €2,000,000 (or its equivalent in any currency) and a multiple of £250,000 (or its equivalent in any currency)) of the an Available Facility. Any cancellation in part under this Clause 8.3 will be applied against clause 10.3 shall reduce the Commitment Commitments of each Lender pro ratathe Lenders rateably under the Facility. (b) Not used.

Appears in 1 contract

Samples: Senior Facilities Agreement (Luxfer Holdings PLC)

AutoNDA by SimpleDocs

Voluntary cancellation. The Company may, if it gives the Facility Agent not less than 3 Business Days’ three days (or such shorter period as the Majority Lenders may agree) prior noticenotice which is then irrevocable, cancel the whole or any part (being a minimum amount of euro 25,000,000$5,000,000 (and an integral multiple of $1,000,000 thereafter)) of the Available Facility. Any cancellation in part under this Clause 8.3 will be applied against 8.4 shall reduce the Commitment Commitments of each Lender pro ratathe Lenders rateably.

Appears in 1 contract

Samples: Facilities Agreement (Signet Group PLC)

Voluntary cancellation. The Company may, if it gives the Facility Agent not less than 3 three Business Days’ (or such shorter period as the Majority Lenders may agree) prior noticenotice in writing, cancel the whole or any part (being a minimum amount of euro 25,000,000$40,000,000 and in multiples of $10,000,000) of the Available Facility. Any cancellation in part under this Clause 8.3 will be applied against shall reduce the Commitment Commitments of each Lender pro ratathe Lenders rateably.

Appears in 1 contract

Samples: Loan Agreement (Intercontinental Hotels Group PLC /New/)

Voluntary cancellation. The Company may, if it gives the Facility Agent not less than 3 three Business Days’ (or such shorter period as agreed by the Majority Lenders may agreeCompany and the Agent) prior notice, cancel the whole or any part (being a minimum amount of euro 25,000,000€1,000,000) of the Available Facility. Any cancellation in part under this Clause 8.3 will be applied against 9.7 shall (subject to the Commitment provisions of each Lender pro rataClause 6.1(f) (Utilisation of Ancillary Facilities) reduce the Commitments of the Lenders rateably under the Facilities.

Appears in 1 contract

Samples: Additional Facility Accession Agreement (Liberty Global PLC)

Voluntary cancellation. The Company may, if it gives the Facility Agent not less than 3 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 euro 25,000,000EUR 5,000,000 and an integral multiple of EUR 1,000,000) of the Available Facility. Any cancellation in part under this Clause 8.3 will be applied against 8.4 shall reduce the Commitment Commitments of each Lender pro ratathe Lenders rateably under the Facility.

Appears in 1 contract

Samples: Secured Facility Agreement (SBS Broadcasting S A)

Voluntary cancellation. The Company may, if it gives the Facility Agent not less than 3 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 euro 25,000,000$25,000,000 (or its equivalent in any other currency or currencies) or the outstanding balance under the Facility, if less) of the Available Facility. Any cancellation in part under this Clause 8.3 will be applied against Facility at any time during the Commitment of each Lender pro rataAvailability Period.

Appears in 1 contract

Samples: Debt Bridge Facility Agreement (Xstrata PLC)

Voluntary cancellation. The Company may, if it gives the Facility Facilities Agent not less than 3 three (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 twenty five million dollars (USD 25,000,000) of the any Available Facility. Any cancellation in part under this Clause 8.3 will be applied against shall reduce the Commitment Commitments of each Lender pro ratathe Lenders rateably under that Facility.

Appears in 1 contract

Samples: Term Facilities Agreement (Sanofi-Aventis)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!