Common use of Cancellation Indemnity Clause in Contracts

Cancellation Indemnity. If the Facility is cancelled in full or in part in accordance with the terms of Clauses 8.3 (Cancellation by the Borrower) and/or 8.4 (Cancellation by the Lender) paragraphs (a), (b) and (c), the Borrower shall pay a cancellation indemnity computed at two point five (2.5%) on the cancelled amount of the Facility. Each cancellation indemnity shall be due and payable on the Payment Date immediately following a cancellation of all or part of the Facility.

Cancellation Indemnity. If the Facility is cancelled in full or in part in accordance with the terms of Clauses 8.3 (Cancellation by the Borrower) and/or 8.4 (Cancellation by the Lender) paragraphs (a), (b) and (c), the Borrower shall pay a cancellation indemnity computed at two point five per cent (2.5%) on the cancelled amount of the Facility. Each cancellation indemnity shall be due and payable on the Payment Date immediately following a cancellation of all or part of the Facility.

Cancellation Indemnity. If the Facility is cancelled in full or in part in accordance with the terms of Clauses 8.3 (Cancellation by the Borrower) and/or 8.4 (Cancellation by the Lender) paragraphs (a), (b) and (c), the Borrower shall pay a cancellation indemnity computed at two point five percent (2.5%) on the cancelled amount of the Facility. Each cancellation indemnity shall be due and payable on the Payment Date immediately following a cancellation of all or part of the Facility.

Cancellation Indemnity. If the Facility is cancelled in full or in part in accordance with the terms of Clauses (8.3 (Cancellation by the Borrower) and/or (8.4 (Cancellation by the Lender) paragraphs (a), (b) and (c), the Borrower shall pay a cancellation indemnity computed at two point five (2.5%) on the cancelled amount of the Facility. Each cancellation indemnity shall be due and payable on the Payment Date immediately following a cancellation of all or part of the Facility.

Cancellation Indemnity. If the Facility is cancelled in full or in part in accordance with the terms of Clauses 8.3 (Cancellation by the Borrower) and/or 8.4 (Cancellation by the Lender) paragraphs (a), (b) and (cb), the Borrower shall pay a cancellation indemnity computed at two point five (2.5%) on the cancelled amount of the Facility. Each cancellation indemnity shall be due and payable on the Payment Date immediately following a cancellation of all or part of the Facility.