Automatic cancellation. The unutilised Commitment (if any) of each Lender shall be automatically cancelled at close of business on the date on which the Advance is made available.
Appears in 2 contracts
Sources: Term Loan Facility (Grindrod Shipping Holdings Ltd.), Facility Agreement (Grindrod Shipping Holdings Pte. Ltd.)
Automatic cancellation. The unutilised Commitment (if any) of each Lender shall be automatically cancelled at close of business on the date on which the Advance Loan is made available.
Appears in 2 contracts
Sources: Facility Agreement (United Maritime Corp), Term Loan Facility (Seanergy Maritime Holdings Corp.)
Automatic cancellation. The unutilised Commitment (if any) of each Lender shall be automatically cancelled at close of business on the date on which the Advance last Tranche is made available.
Appears in 2 contracts
Sources: Facility Agreement (Okeanis Eco Tankers Corp.), Facility Agreement (Okeanis Eco Tankers Corp.)
Automatic cancellation. The unutilised Commitment (if any) of each Lender shall be automatically cancelled at close of business on the date on which the Delivery Advance is made available. Any cancellation under this Clause 7.2 (Automatic cancellation) shall reduce the Commitments of the Lenders rateably.
Appears in 2 contracts
Sources: Term Loan Facility (Ardmore Shipping Corp), Term Loan Facility (Ardmore Shipping Corp)
Automatic cancellation. The unutilised Commitment (if any) of each Lender shall be automatically cancelled at the earlier of (i) close of business on the date on which the Advance Loan is made availableavailable and (ii) at the end of the Availability Period.
Appears in 1 contract
Automatic cancellation. The unutilised Commitment (if any) of each Lender shall be automatically cancelled at close of business on the date on which the Advance is made availableUtilisation Date.
Appears in 1 contract
Sources: Facility Agreement (Seanergy Maritime Holdings Corp.)
Automatic cancellation. The unutilised Commitment (if any) of each Lender shall be automatically cancelled at close of business on of the date on which the Advance is made available.Utilisation Date. β β
Appears in 1 contract
Sources: Term Loan Facility Agreement (Okeanis Eco Tankers Corp.)
Automatic cancellation. The unutilised Commitment (if any) of each Lender shall be automatically cancelled at close of business on the date on which the Advance Loan is made availableavailable without penalty or prepayment fee.
Appears in 1 contract