Common use of Automatic cancellation Clause in Contracts

Automatic cancellation. The Commitment of each Lender will be automatically cancelled at the close of business on the last day of the Availability Period.

Appears in 28 contracts

Sources: Credit Agreement, Credit Agreement (Eros International PLC), Facility Agreement (Marine Harvest ASA)

Automatic cancellation. The Commitment Commitments of each Lender will be automatically cancelled at the close of business on the last day of the Availability Period.

Appears in 12 contracts

Sources: Multicurrency Revolving Facilities Agreement (PPL Energy Supply LLC), Amendment and Restatement Agreement (PPL Energy Supply LLC), Multicurrency Revolving Facilities Agreement (PPL Energy Supply LLC)

Automatic cancellation. The Commitment relevant Commitments of each Lender will be automatically cancelled at the close of business on the last day of the relevant Availability Period.

Appears in 8 contracts

Sources: Credit Facility Agreement (Ocean Rig UDW Inc.), Credit Facility Agreement (Ocean Rig UDW Inc.), Credit Facility Agreement (Ocean Rig UDW Inc.)

Automatic cancellation. The Commitment Commitments of each Lender will be automatically cancelled at the close of business on the last day of the relevant Availability Period.

Appears in 4 contracts

Sources: Multicurrency Revolving Facility Agreement (PPL Energy Supply LLC), Credit Facility Agreement (Photronics Inc), Credit Facility Agreement (Merck Kgaa /Fi)

Automatic cancellation. The Commitment of each Lender will be automatically cancelled at the close of business on the last day of the Availability Period.

Appears in 4 contracts

Sources: Facility Agreement (Best Buy Co Inc), Facility Agreement (Best Buy Co Inc), Credit Facility Agreement (United Auto Group Inc)

Automatic cancellation. The Commitment Commitments of each Lender under a Facility will be automatically cancelled at the close of business on the last day of the Availability PeriodPeriod for that Facility.

Appears in 3 contracts

Sources: Credit Facilities Agreement (Liberty Global, Inc.), Credit Facilities Agreement (Liberty Global, Inc.), Credit Facilities Agreement (Liberty Global, Inc.)

Automatic cancellation. The Commitment of each Lender will be automatically cancelled at the close of business on the last day of the relevant Availability Period.

Appears in 3 contracts

Sources: Facility Agreement (Smith & Nephew PLC), Credit Facility Agreement (Smith & Nephew PLC), Credit Facility Agreement (Oratec Interventions Inc)

Automatic cancellation. The Commitment of each Lender undrawn Commitments will be automatically cancelled at the close of business on the last day of the Availability Period.

Appears in 3 contracts

Sources: Facility Agreement, Amendment and Restatement Deed (Strategic Hotels & Resorts, Inc), Facility Agreement (Strategic Hotels & Resorts, Inc)

Automatic cancellation. The Commitment unutilised Commitments of each Lender under each Facility will be automatically cancelled at the close of business on the last day of the Availability Period.

Appears in 2 contracts

Sources: Mandate Letter, Term Loan Facilities Agreement

Automatic cancellation. The Commitment undrawn Commitments of each Lender will be automatically cancelled at the close of business on the last day of the Availability Period.

Appears in 2 contracts

Sources: Credit Facility Agreement (Schlumberger LTD /Ny/), Credit Facility Agreement (Schlumberger LTD /Ny/)

Automatic cancellation. The Any Commitment of each Lender will be automatically cancelled at the close of business on the last day of any Availability Period applicable to the Availability Period.relevant Facility. Table of Contents

Appears in 2 contracts

Sources: Facilities Agreement (HeidelbergCement AG), Facilities Agreement (HeidelbergCement AG)

Automatic cancellation. The Commitment Commitments of each Lender will be automatically cancelled at the close of business on the last day of the Availability PeriodPeriod which applies to that Lender.

Appears in 2 contracts

Sources: Credit Facility Agreement (PPG Industries Inc), Credit Facility (PPG Industries Inc)

Automatic cancellation. The Commitment Commitments of each Lender will be automatically cancelled at the close of business on the last day of the relevant Availability PeriodPeriod or, in respect of Tranche A, immediately after the first drawdown.

Appears in 2 contracts

Sources: Credit Agreement (TTM Technologies Inc), Credit Agreement (TTM Technologies Inc)

Automatic cancellation. The Commitment of each Lender will be automatically cancelled at the close of business on the last day of the Availability PeriodPeriod (or such other date as may be agreed by the Facility Agent acting on the instructions of all of the Lenders).

Appears in 1 contract

Sources: Credit Facility Agreement (Aramark Corp/De)

Automatic cancellation. (a) The unutilised Commitment of each Lender will be automatically cancelled at the close of business on the last day of the Availability Period.

Appears in 1 contract

Sources: Facility Agreement (eHi Car Services LTD)

Automatic cancellation. The Commitment unutilised Commitments of each Lender under the Facilities will be automatically cancelled at the close of business on the last day of the Availability Period.

Appears in 1 contract

Sources: Term Loan Facilities Agreement

Automatic cancellation. The Commitment of each Lender of the Lenders will be automatically cancelled at the close of business on the last day of the relevant Availability Period.

Appears in 1 contract

Sources: Credit Facility Agreement (Danaos Corp)

Automatic cancellation. The unutilised Commitment of each Lender will be automatically cancelled in full at the close of business on the last day of the relevant Availability Period.

Appears in 1 contract

Sources: Term and Revolving Facilities Agreement (Smith & Nephew PLC)

Automatic cancellation. The Commitment of each the Lender will be automatically cancelled at the close of business on the last day of the Availability Period.

Appears in 1 contract

Sources: Facility Agreement

Automatic cancellation. The Each undrawn Commitment of each Lender will be automatically cancelled at the close of business on the last day of the Availability Period.

Appears in 1 contract

Sources: Senior Term Facility Agreement (SemGroup Corp)

Automatic cancellation. The Commitment of each Lender undrawn Commitments will be automatically cancelled at the close of business on the last day of the Availability Period.;

Appears in 1 contract

Sources: Amendment and Restatement Agreement (Strategic Hotels & Resorts, Inc)

Automatic cancellation. The Any part of the Commitment of each the Lender which, at that time, is unutilised will be automatically cancelled at the close of business on the last day of the Availability PeriodPeriod and shall not be available for utilisation thereafter.

Appears in 1 contract

Sources: Facility Agreement (Baidu, Inc.)

Automatic cancellation. The Commitment Commitments of each Lender will be automatically cancelled at the close of business on the last day of the applicable Availability Period.

Appears in 1 contract

Sources: Credit Facilities (Imperial Tobacco Group PLC)

Automatic cancellation. The Available Commitment of each Lender will be automatically cancelled at the close of business on the last day of the Availability Period.

Appears in 1 contract

Sources: Facility Agreement (Best Buy Co Inc)

Automatic cancellation. The Commitment Commitments of each Lender will be automatically cancelled at the close of business on the last day of the relevant Availability PeriodPeriod or, in respect of Tranche A Facility, immediately after the first Utilisation Date.

Appears in 1 contract

Sources: Facility Agreement (TTM Technologies Inc)