Common use of Cancellation of Commitment Clause in Contracts

Cancellation of Commitment. The Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period.

Appears in 82 contracts

Sources: Term Credit Facility Agreement (Axian Telecom), Revolving Credit Facility Agreement (Sibanye Stillwater LTD), Borrowing Base Facility Agreement (Vaalco Energy Inc /De/)

Cancellation of Commitment. The Total Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period.

Appears in 14 contracts

Sources: Facility Agreement (DHT Holdings, Inc.), Facility Agreement, Facility Agreement

Cancellation of Commitment. The Total Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period.

Appears in 13 contracts

Sources: Term Loan Facilities Agreement, Facility Agreement (Linde PLC), Supplemental Agreement (Innospec Inc.)

Cancellation of Commitment. The Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability PeriodPeriod for the Facility.

Appears in 10 contracts

Sources: Bridge Facility Agreement, Multicurrency Revolving Facility Agreement (Endava PLC), Revolving Senior Secured Credit Facility Agreement (Gold Fields LTD)

Cancellation of Commitment. The Total Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability PeriodPeriod to the extent that they are unutilised at that time.

Appears in 7 contracts

Sources: Secured Loan Agreement (Performance Shipping Inc.), Secured Loan Agreement, Secured Loan Facility Agreement (Diana Containerships Inc.)

Cancellation of Commitment. The Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period. Also, any part of the Commitments outstanding after the Utilisation shall be immediately cancelled.

Appears in 5 contracts

Sources: Amendment and Restatement Agreement (DHT Holdings, Inc.), Term Loan Facilities Agreement (DHT Holdings, Inc.), Term Loan Facility Agreement (DHT Holdings, Inc.)

Cancellation of Commitment. The Commitments which, at that the time, are unutilised shall be immediately cancelled at the end of the Availability Period.

Appears in 5 contracts

Sources: Facilities Agreement (Sappi LTD), Amending Agreement (Sappi LTD), Credit Agreement (Sappi LTD)

Cancellation of Commitment. The Revolving Facility Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period.

Appears in 5 contracts

Sources: Amendment and Restatement Agreement (Melco Resorts & Entertainment LTD), Amendment and Restatement Agreement (STUDIO CITY INTERNATIONAL HOLDINGS LTD), Amendment and Restatement Agreement (STUDIO CITY INTERNATIONAL HOLDINGS LTD)

Cancellation of Commitment. The Commitments which, at that time, are unutilised Commitment shall be immediately cancelled at the end of the Availability Period.

Appears in 4 contracts

Sources: Facility Agreement (Xunlei LTD), Multicurrency Letter of Credit Facility Agreement (Flagstone Reinsurance Holdings, S.A.), Facility Agreement (Ener1 Inc)

Cancellation of Commitment. The Commitments which, at that time, are unutilised shall be immediately cancelled at At the end of the Availability Period, the Commitments which are unutilised shall be immediately cancelled.

Appears in 4 contracts

Sources: Subordinated Facility Agreement (Diana Shipping Inc.), Facility Agreement (Diana Containerships Inc.), Subordinated Facility Agreement (Diana Containerships Inc.)

Cancellation of Commitment. The Commitments which, at that time, are unutilised shall be immediately cancelled in full at the end of the Availability Period. The Commitments shall be cancelled in full in the event that the Closing Date has not occurred on or prior to the date that is ten (10) Business Days after the date of this Agreement.

Appears in 4 contracts

Sources: Senior Revolving Facility Agreement (Nord Anglia Education, Inc.), Amendment and Restatement Agreement (Nord Anglia Education, Inc.), Amendment and Restatement Agreement (Nord Anglia Education, Inc.)

Cancellation of Commitment. The Commitments Commitment which, at that time, are is unutilised shall be cancelled immediately cancelled at the end of the Availability Period.

Appears in 4 contracts

Sources: Term Loan Agreement (Xylem Inc.), Term Loan Agreement (Xylem Inc.), Term Loan Agreement (Xylem Inc.)

Cancellation of Commitment. The Commitments Commitment which, at that time, are is unutilised shall be immediately cancelled at the end of the Availability Period.

Appears in 4 contracts

Sources: Facility Agreement (iQIYI, Inc.), Facility Agreement (Pacific Alliance Group LTD), Revolving Credit Facility Agreement (Lesaka Technologies Inc)

Cancellation of Commitment. The Commitments which, at that time, are unutilised shall be immediately cancelled in full at the end of the Availability Period.

Appears in 3 contracts

Sources: Facility Agreement (InterXion Holding N.V.), Revolving Facility Agreement (Nord Anglia Education, Inc.), Revolving Facility Agreement (Nord Anglia Education, Inc.)

Cancellation of Commitment. (a) The Total Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period.

Appears in 3 contracts

Sources: Facility Agreement (AstraZeneca Biopharmaceuticals Inc.), Multicurrency Revolving Facility Agreement (Innospec Inc.), Facility Agreement (AstraZeneca Biopharmaceuticals Inc.)

Cancellation of Commitment. The Facility A Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period.

Appears in 3 contracts

Sources: Revolving Facilities Agreement (Molson Coors Brewing Co), Unsecured Uncommitted Revolving Facilities Agreement (Molson Coors Brewing Co), Revolving Facilities Agreement (Molson Coors Brewing Co)

Cancellation of Commitment. The Commitments Commitment which, at that time, are unutilised is unutilized shall be immediately cancelled at the end of the Availability Period.

Appears in 3 contracts

Sources: Facility Agreement (iQIYI, Inc.), Amendment and Restatement Agreement (Pacific Alliance Group LTD), Facility Agreement (Pacific Alliance Group LTD)

Cancellation of Commitment. The whole or any part of the Total Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability PeriodPeriod to the extent that they are unutilised at that time.

Appears in 3 contracts

Sources: Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.), Amending and Restating Agreement (Safe Bulkers, Inc.)

Cancellation of Commitment. The Commitments which, at that time, are unutilised (including any Commitments which have been the subject of a submitted Utilisation Request but in respect of which funds have not yet been advanced) shall be immediately cancelled at the end of the Availability Period.

Appears in 3 contracts

Sources: Securitisation Agreement (Encore Capital Group Inc), Securitization Agreement (Encore Capital Group Inc), Senior Facility Agreement (Encore Capital Group Inc)

Cancellation of Commitment. The Commitments which, at that time, are unutilised unutilized shall be immediately cancelled at the end of the Availability Period.

Appears in 3 contracts

Sources: Facility Agreement (NORDIC AMERICAN TANKERS LTD), Facility Agreement (Nordic American Offshore Ltd.), Facility Agreement (Nordic American Offshore Ltd.)

Cancellation of Commitment. The Commitments Any part of the Commitment which, at that time, are is unutilised shall be immediately cancelled at the end of the Availability Period.

Appears in 2 contracts

Sources: Revolving Credit Facility Agreement (Net 1 Ueps Technologies Inc), Facility Agreement

Cancellation of Commitment. The Commitments Commitment which, at that time, are is unutilised shall be immediately cancelled at the end of the Availability PeriodPeriod for the Facility.

Appears in 2 contracts

Sources: Facility Agreement (Century Aluminum Co), Facility Agreement (Far East Energy Corp)

Cancellation of Commitment. The Commitments which, at that time, are Any part of the commitment which is unutilised shall be immediately cancelled at the end of the Availability PeriodCommitment Period shall be immediately cancelled.

Appears in 2 contracts

Sources: Facility Agreement (Pangaea Logistics Solutions Ltd.), Facility Agreement (Quartet Holdco Ltd.)

Cancellation of Commitment. The Commitments which, at that time, are unutilised shall be immediately automatically cancelled at the end of the Availability Period.

Appears in 2 contracts

Sources: Facility Agreement (Eksportfinans Asa), Facility Agreement (Eksportfinans Asa)

Cancellation of Commitment. The Commitments Commitment which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period.

Appears in 2 contracts

Sources: Facility Agreement, Facility Agreement (Cordlife Group LTD)

Cancellation of Commitment. The Commitments which, at that time, are Any part of the Commitment which is unutilised shall be immediately cancelled at the end of the Availability Period.

Appears in 2 contracts

Sources: Facility Agreement, Facility Agreement (Fang Nengbin)

Cancellation of Commitment. The Commitments Commitment which, at that time, are is unutilised shall be immediately cancelled at the earlier of the end of the Availability PeriodPeriod and the Utilisation Date (following the occurrence of the drawdown of the Loan).

Appears in 2 contracts

Sources: Facility Agreement (SK Ecoplant Co., Ltd.), Facility Agreement (SK Ecoplant Co., Ltd.)

Cancellation of Commitment. The Facility Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period.

Appears in 2 contracts

Sources: Facility Agreement, Facility Agreement

Cancellation of Commitment. The unutilized amount of the Total Commitments which, at that time, are unutilised shall be immediately cancelled at the end expiry of the Availability Period.

Appears in 2 contracts

Sources: Term Loan Facility Agreement (DHT Holdings, Inc.), Term Loan Facility Agreement (DHT Holdings, Inc.)

Cancellation of Commitment. The Commitments Total Commitment which, at that time, are is unutilised shall be immediately cancelled at the end of the Availability Period.

Appears in 2 contracts

Sources: Pre Export Financing Agreement (Sigma Lithium Corp), Facility Agreement (Beyond Air, Inc.)

Cancellation of Commitment. The Total Commitments which, at that time, are unutilised unutilized shall be immediately cancelled at the end of the Availability Period.

Appears in 2 contracts

Sources: Facility Agreement, Facility Agreement

Cancellation of Commitment. The Commitments which, at that time, are Any unutilised Commitment shall be immediately cancelled at the end of the Availability Period.

Appears in 2 contracts

Sources: Facility Agreement (Gran Tierra Energy Inc.), Prepayment Agreement (GeoPark LTD)

Cancellation of Commitment. The Commitments which, at that time, are unutilised amount of the Total Commitment shall be immediately cancelled at the end of the Availability Period.

Appears in 2 contracts

Sources: Facility Agreement (Sequoia Capital China I Lp), Facility Agreement (Chiu Na Lai)

Cancellation of Commitment. The Commitments which, at that timethe end of the Availability Period, are unutilised shall be immediately cancelled at the end of the Availability Periodsuch time.

Appears in 2 contracts

Sources: Facility Agreement, Facility Agreement (McDermott International Inc)

Cancellation of Commitment. The Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period.. SECTION 4 REPAYMENT, PREPAYMENT AND CANCELLATION

Appears in 1 contract

Sources: Facility Agreement

Cancellation of Commitment. The Commitments which, at that time, are unutilised unutilised, shall be immediately cancelled at the end of the Availability Period.

Appears in 1 contract

Sources: Revolving Credit Facility Agreement (Gold Fields LTD)

Cancellation of Commitment. The Commitments which, at that time, are unutilised shall be immediately and automatically cancelled at the end of the Availability Period.

Appears in 1 contract

Sources: Multicurrency Revolving Facility Agreement (Markit Ltd.)

Cancellation of Commitment. The Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period.. ​

Appears in 1 contract

Sources: Unsecured NGN Revolving Credit Facility Agreement (IHS Holding LTD)

Cancellation of Commitment. The Commitments Each Available Commitment which, at that time, are is unutilised shall be immediately cancelled at the end of the its Availability Period.

Appears in 1 contract

Sources: Credit Facilities Agreement (Wanda Sports Group Co LTD)

Cancellation of Commitment. The Any part of the Total Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period.

Appears in 1 contract

Sources: Super Senior Revolving Facility Agreement (Eagle Bulk Shipping Inc.)

Cancellation of Commitment. The Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period.. Table of Contents

Appears in 1 contract

Sources: Bridge Facility Agreement (Gold Fields LTD)

Cancellation of Commitment. The Commitments which, at that time, are unutilised shall be immediately cancelled: (a) immediately following the making of the Utilisation; or (b) if not previously cancelled in accordance with paragraph (a) above, at the end of the Availability PeriodPeriod for the Facility.

Appears in 1 contract

Sources: Facility Agreement (China Shandong Industries, Inc.)

Cancellation of Commitment. The Commitments Commitment which, at that time, are is unutilised shall be immediately cancelled at the end of the Availability Certain Funds Period.

Appears in 1 contract

Sources: Loan Agreement

Cancellation of Commitment. The Commitments Any amount of the Commitment which, at that time, are is unutilised shall be immediately cancelled at the end of the Availability Period.

Appears in 1 contract

Sources: Revolving Facility Agreement (MYT Netherlands Parent B.V.)

Cancellation of Commitment. The Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period.. Also, any part of the Commitments outstanding after the Utilisation shall be immediately cancelled. Table of Contents

Appears in 1 contract

Sources: Term Loan Facility Agreement (DHT Holdings, Inc.)

Cancellation of Commitment. The Commitments portion of the Commitment which, at that time, are is unutilised shall be immediately cancelled at the end of the Availability Period.

Appears in 1 contract

Sources: Secured Revolving Facility Agreement (Klondex Mines LTD)

Cancellation of Commitment. The Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability PeriodPeriod and the Total Commitments shall be updated in accordance with Clause 8.2(c).

Appears in 1 contract

Sources: Borrowing Base Facility Agreement (Cobalt International Energy, Inc.)

Cancellation of Commitment. The Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Drawdown Period.

Appears in 1 contract

Sources: Credit Facility Agreement (Foundation Medicine, Inc.)

Cancellation of Commitment. The Commitments which, at that time, are unutilised shall be immediately cancelled at the earlier of (a) the end of the Availability PeriodPeriod and (b) the utilisation of the Facility on the Utilisation Date (whether or not the full Facility is utilised).

Appears in 1 contract

Sources: Facility Agreement (KNOT Offshore Partners LP)

Cancellation of Commitment. The Commitments Commitment which, at that time, are is unutilised shall be immediately cancelled at the earlier of (i) immediately following the issuance of the Bank Guarantee and (ii) the end of the Availability Period.

Appears in 1 contract

Sources: Guarantee Facility Agreement (UTAC Holdings Ltd.)

Cancellation of Commitment. The Any Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period.

Appears in 1 contract

Sources: Facility Agreement (Gulfmark Offshore Inc)

Cancellation of Commitment. The Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period.. ​ ​

Appears in 1 contract

Sources: Unsecured NGN Term Facility Agreement (IHS Holding LTD)

Cancellation of Commitment. The Commitments which, at that the time, are unutilised shall be immediately cancelled at the end of the Availability PeriodPeriod or on the date of the first Utilisation, whichever occurs earlier.

Appears in 1 contract

Sources: Term Loan Facility Agreement (Sappi LTD)

Cancellation of Commitment. The Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability PeriodPeriod or immediately after the Utilisation Date (if earlier).

Appears in 1 contract

Sources: Mezzanine Facility Agreement (American Realty Capital Global Trust II, Inc.)

Cancellation of Commitment. The Commitments Commitment which, at that time, are unutilised is not utilised shall be immediately cancelled at the end of the Availability Period.

Appears in 1 contract

Sources: Facility Agreement

Cancellation of Commitment. The Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period.. APJ/076001.00588/98366820.7Page 32 Section – Repayment, prepayment and cancellation 6 Ancillary Facilities

Appears in 1 contract

Sources: Single Currency Revolving Facility Agreement (StoneX Group Inc.)