Common use of Automatic cancellation Clause in Contracts

Automatic cancellation. The Commitment of each Bank shall be automatically cancelled at the close of business in London on the Final Maturity Date.

Appears in 4 contracts

Sources: Syndicated Loan Facility (Anglogold Ashanti LTD), Credit Agreement (Adecco Sa), Facility Agreement (Adecco Sa)

Automatic cancellation. The Commitment of each Bank shall be automatically cancelled at the close of business in London on the Final Maturity Date.

Appears in 2 contracts

Sources: Credit Agreement (Getty Images Inc), Revolving Credit Facility (Txu Europe LTD)

Automatic cancellation. The Commitment of each Bank shall be automatically cancelled at the close of business in London on the Final Maturity Dateexpiry of the Commitment Period.

Appears in 2 contracts

Sources: Senior Facility Agreement, Senior Facility Agreement (Century Aluminum Co)

Automatic cancellation. The outstanding Commitment of each Bank shall be automatically cancelled at the close of business in London on the Final Maturity Repayment Date.

Appears in 1 contract

Sources: Facility Agreement (Tomkins PLC)

Automatic cancellation. The Commitment of each Bank shall will be automatically cancelled at the close of business in London on the Final Maturity Dateearlier of: (a) last day of the Availability Period; and (b) the date on which all payments of cash payable in respect of acceptances of the Offer have been made.

Appears in 1 contract

Sources: Credit Agreement (Adecco Sa)