Common use of Voluntary cancellation Clause in Contracts

Voluntary cancellation. The Borrower may, by giving the Agent not less than three (3) Business Days prior written notice, permanently reduce, cancel or terminate all or part of the unutilised portions of the Commercial Facility Loan Commitment or all or part of the Revolving Facility Commitment (but if in part, in a minimum amount of USD 1,000,000 and in integral multiples of USD 1,000,000).

Appears in 4 contracts

Samples: Whereas Eksportfinans, Senior Secured Credit Facility Agreement, Senior Secured Credit Facility Agreement (Seadrill Partners LLC)

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Voluntary cancellation. The Borrower may, by giving the Agent not less than three (3) Business Days prior written notice, permanently reduce, cancel or terminate all or part of the unutilised portions of the Commercial Facility Loan Commitment without premium or all or part of the Revolving Facility Commitment (but if in part, in a minimum amount of USD 1,000,000 and in integral multiples of USD 1,000,000)penalty.

Appears in 3 contracts

Samples: Credit Facility Agreement, Credit Facility Agreement (Seadrill Partners LLC), Credit Facility Agreement (Seadrill Partners LLC)

Voluntary cancellation. The (a) Subject to Clause 11.2 (Restriction), the Borrower may, by giving to the Agent not less than three (3) 3 Business Days Days’ prior written notice, permanently reducenotice to that effect, cancel the whole or terminate all or any part of the unutilised portions of the Commercial Facility Loan Commitment or all or part of the Revolving Facility Commitment (but if in part, in being a minimum amount of USD 1,000,000 and in an integral multiples multiple of USD 1,000,000)) of any Available Facility and any such cancellation shall permanently reduce the relevant Available Commitments of the Lenders proportionately.

Appears in 3 contracts

Samples: Senior Facilities Agreement (Moore Labels Inc), Conformed Copy (Buhrmann Nv), Senior Facilities Agreement (Buhrmann Nv)

Voluntary cancellation. The Each Borrower may, by giving the Agent not less than three (3) 5 Business Days Days’ prior written notice, permanently reducenotice to the Agent, cancel or terminate all or part the undrawn amount of the unutilised portions of the Commercial Facility Loan Commitment Total Commitments in whole or all or in part of the Revolving Facility Commitment (but but, if in part, in a minimum amount of USD 1,000,000 and in integral multiples of USD 1,000,000)Euro 5,000,000) without penalty.

Appears in 2 contracts

Samples: Agreement (Qimonda AG), Qimonda AG

Voluntary cancellation. The Borrower maymay at any time prior to Utilisation, by giving if it gives the Agent not less than three 3 Business Days’ (3or such shorter period as the Agent may agree) Business Days prior written notice, permanently reduce, cancel the whole or terminate all or any part of the unutilised portions of the Commercial Facility Loan Commitment or all or part of the Revolving Facility Commitment (but if in part, in being a minimum amount and integral multiple of USD 1,000,000 and in integral multiples A$5,000,000) of USD 1,000,000)the Total Commitments.

Appears in 2 contracts

Samples: Confidentiality Agreement (Ace LTD), Ace LTD

Voluntary cancellation. The A Borrower may, by giving the Agent not less than three (3) Business Days Days’ prior written notice, permanently reducenotice to the Agent (or such shorter period as the Agent may agree), cancel the whole or terminate all or any part of the unutilised portions of the Commercial Available Facility Loan Commitment or all or part of the Revolving Facility Commitment (but but, if in part, in an amount being a minimum amount of USD 1,000,000 and in integral multiples 5,000,000). Any cancellation under this Clause 7.4 shall reduce the Commitments of USD 1,000,000)the Lenders rateably under that Facility.

Appears in 2 contracts

Samples: Term and Revolving Facilities Agreement (KNOT Offshore Partners LP), Term and Revolving Facilities Agreement

Voluntary cancellation. The Borrower maymay at any time prior to Utilisation, by giving if it gives the Agent not less than three 3 Business Days’ (3or such shorter period as the Agent may agree) Business Days prior written notice, permanently reduce, cancel the whole or terminate all or any part of the unutilised portions of the Commercial Facility Loan Commitment or all or part of the Revolving Facility Commitment (but if in part, in being a minimum amount and integral multiple of USD 1,000,000 and in integral multiples £5,000,000) of USD 1,000,000)the Total Commitments.

Appears in 1 contract

Samples: Confidentiality Agreement (Ace LTD)

Voluntary cancellation. The Borrower may, by giving the Agent not less than three (3) Business Days Days’ prior written notice, permanently reduce, cancel or terminate all or part of the unutilised portions of the Commercial Facility Loan Commitment or all or part of the Revolving Facility Commitment Facilities (but if in part, in a minimum amount of USD 1,000,000 and five million (5,000,000) or in integral multiples of USD 1,000,000five million (5,000,000)).

Appears in 1 contract

Samples: And Restatement Agreement (Seadrill Partners LLC)

Voluntary cancellation. The Borrower may, by may cancel the 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 three (3) Business Days prior irrevocable written notice, permanently reduce, cancel or terminate all or part notice of the unutilised portions of the Commercial Facility Loan Commitment or all or part of the Revolving Facility Commitment (but if in part, in a minimum amount of USD 1,000,000 and in integral multiples of USD 1,000,000)such cancellation.

Appears in 1 contract

Samples: Bridge Loan Facility Agreement (SeaDrill LTD)

Voluntary cancellation. The A Borrower may, by giving the Agent not less than three (3) Business Days Days’ prior written notice, permanently reducenotice to the Agent (or such shorter period as the Agent may agree), cancel the whole or terminate all or any part of the unutilised portions of the Commercial Available Facility Loan Commitment or all or part of the Revolving Facility Commitment (but but, if in part, in an amount being a minimum amount of USD 1,000,000 and in integral multiples 5,000,000). Any cancellation under this Clause 7.5 shall reduce the Commitments of USD 1,000,000)the Lenders rateably under that Facility.

Appears in 1 contract

Samples: Term and Revolving Facilities Agreement (KNOT Offshore Partners LP)

Voluntary cancellation. The Borrower may, by giving the Agent not less than three (3) Business Days prior written notice, permanently reduce, cancel or terminate all or part of the unutilised portions of the Commercial Facility Loan Commitment or all or part of the Revolving Facility Commitment (but if in part, in a minimum amount of USD 1,000,000 and in integral multiples of USD 1,000,000).

Appears in 1 contract

Samples: Credit Facility Agreement (North Atlantic Drilling Ltd.)

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Voluntary cancellation. The Original Borrower may, by giving to the Administrative Agent not less than three (3) 3 Business Days Days’ prior written notice, permanently reducenotice to that effect, cancel the whole or terminate all or any part of the unutilised portions Available Commitments and any such cancellation shall reduce the relevant Available Commitments of the Commercial Facility Loan Commitment or all or part Lenders rateably, provided that, such cancellation shall be in respect of the Revolving Facility Commitment (but if in part, in a minimum amount aggregate of USD 1,000,000 and in all Available Commitments or an integral multiples multiple of USD 1,000,000)US$5,000,000.

Appears in 1 contract

Samples: Credit Facility Agreement (Teekay Shipping Corp)

Voluntary cancellation. The Borrower may, by giving the Agent not less than three ten (310) Business Days Days’ prior written notice, permanently reducenotice to the Agent, cancel the whole or terminate all or any part of the unutilised portions of the Commercial Facility Loan Commitment or all or part of the Revolving Facility Commitment (but if in part, in a minimum amount amounts of USD 1,000,000 and 5,000,000, or in integral multiples of USD 1,000,000)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, by giving to the Facility Agent not less than three (3) 3 Business Days prior written notice, permanently reduce, notice to that effect (unless the Instructing Group has given its prior consent to a shorter period) cancel any Available Facility in whole or terminate all or any part of the unutilised portions of the Commercial Facility Loan Commitment or all or part of the Revolving Facility Commitment (but if in part, in an amount that reduces the Facility by a minimum amount of USD 1,000,000 €5,000,000 and in an integral multiples multiple of USD 1,000,000)) and any such cancellation shall, reduce the relevant Available Commitments of the Lenders rateably.

Appears in 1 contract

Samples: Intercreditor Agreement (Liberty Global PLC)

Voluntary cancellation. The Borrower may, by giving the Agent not less than three thirty (330) Business Days calendar days prior written notice, permanently reduce, cancel or terminate all or part of the unutilised portions of the Commercial Facility Loan Commitment or all or part of the Revolving Facility Commitment (but if in part, in a minimum amount of USD 1,000,000 and five million (5,000,000) or in integral multiples of USD 1,000,000five million (5,000,000)).

Appears in 1 contract

Samples: Senior Secured Credit Facility Agreement (Seadrill Partners LLC)

Voluntary cancellation. The Borrower may, by giving to the Facility Agent not less than three five (35) Business Days Days’ prior written notice, permanently reduceirrevocable notice to that effect, cancel the whole or terminate all or any part of the unutilised portions Facilities without any penalty. Any such cancellation of the Commercial Facility Loan Commitment or all or part Available Commitments shall reduce the Available Commitments of the Revolving Facility Commitment (but if in part, in a minimum amount of USD 1,000,000 and in integral multiples of USD 1,000,000)Lenders rateably.

Appears in 1 contract

Samples: Facility Agreement (First Solar, Inc.)

Voluntary cancellation. The Original Borrower may, by giving to the Agent not less than three ten (310) Business Days Days' prior written notice, permanently reducenotice to that effect, cancel the whole or terminate all any part (being an amount no less than USD 25,000,000 or part of the unutilised portions of the Commercial Facility Loan Commitment or all or part of the Revolving Facility Commitment (but if in part, in a minimum amount of USD 1,000,000 equivalent and in integral multiples of USD 1,000,000)5,000,000) of the Available 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: Execution (Dyckerhoff Aktiengesellschaft)

Voluntary cancellation. (a) The Borrower may, by giving the Agent not less than three (3) five Business Days Days’ prior written notice, permanently reducenotice to the Facility Agent, cancel or terminate all or part the unutilised portion of the unutilised portions of the Commercial Facility Loan Commitment Total Commitments in whole or all or in part of the Revolving Facility Commitment (but but, if in part, in a minimum amount of USD 1,000,000 and US$25,000,000). Any cancellation in integral multiples part of USD 1,000,000)the Revolving Facility shall be applied against the Revolving Facility Commitment of each Revolving Facility Bank pro rata.

Appears in 1 contract

Samples: Agreement (National Grid Transco PLC)

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