Common use of Cancellation of Commitment Clause in Contracts

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

Appears in 6 contracts

Sources: Facilities Agreement (StarTek, Inc.), Facilities Agreement (StarTek, Inc.), Facilities Agreement (StarTek, Inc.)

Cancellation of Commitment. (a) The Term Uncommitted Accordion Facility Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for the Term FacilityPeriod. (b) The Revolving Facility Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for the Revolving FacilityPeriod.

Appears in 2 contracts

Sources: Senior Facilities Agreement (Luxfer Holdings PLC), Senior Facilities Agreement (Luxfer Holdings PLC)

Cancellation of Commitment. (a) The Term Facility Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for the Term Facility. (b) The Revolving Facility Commitments which, at that time, are unutilised shall be immediately cancelled unutilized at the end of the Availability Period for the Revolving FacilityFacility shall be immediately cancelled at that time.

Appears in 2 contracts

Sources: Credit Agreement (1295728 Alberta ULC), Credit Agreement (1295728 Alberta ULC)

Cancellation of Commitment. (a) The Term Facility A Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for the Term Facility.Facility A. (b) The Revolving Facility Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for the Revolving Facility.

Appears in 2 contracts

Sources: Senior Facilities Agreement, Senior Facilities Agreement (Luxfer Holdings PLC)

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

Appears in 2 contracts

Sources: Revolving Facility Agreement (South Texas Supply Company, Inc.), Revolving Facility Agreement (South Texas Supply Company, Inc.)

Cancellation of Commitment. (a) The Term Facility A Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for the Term Facility. (b) The Revolving Facility Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for the Revolving Facility.A.

Appears in 1 contract

Sources: Amendment and Restatement Agreement

Cancellation of Commitment. (a) The Term Facility A Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for the Term Facility.Facility A. (b) [Intentionally blank] (c) The Revolving Facility Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for the Revolving Facility.

Appears in 1 contract

Sources: Senior Term and Revolving Facilities Agreement (Inspired Entertainment, Inc.)

Cancellation of Commitment. (a) The Term Facility A Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for the Term Facility.Facility A. (b) The Revolving Facility Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for the Revolving Facility.

Appears in 1 contract

Sources: Senior Facilities Agreement

Cancellation of Commitment. (a) The Term Facility A Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for the Term FacilityPeriod. (b) The Revolving Facility B Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for the Revolving FacilityPeriod.

Appears in 1 contract

Sources: Revolving Facilities Agreement (Molson Coors Brewing Co)

Cancellation of Commitment. (a) The Term Project Facility Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for the Term Project Facility. (b) The Revolving Overrun Facility Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for the Revolving Overrun Facility.

Appears in 1 contract

Sources: Senior Facilities Agreement (Asanko Gold Inc.)

Cancellation of Commitment. (a) The Term Facility A Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for the Term Facility.Facility A. (b) The Facility B Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for Facility B. (c) The Revolving Facility Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for the Revolving Facility.

Appears in 1 contract

Sources: Facility Agreement

Cancellation of Commitment. (a) The Term Facility Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for the Term Facility. (b) The Revolving Facility Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for the Revolving Facility. (c) The Bridge Facility Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for the Bridge Facility.

Appears in 1 contract

Sources: Multicurrency Senior Term, Bridge and Revolving Credit Facilities Agreement (Randstad North America, L.P.)

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

Appears in 1 contract

Sources: Facilities Agreement

Cancellation of Commitment. (a) The Term Original Revolving Facility Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for that Facility or, if the Closing Date has not occurred on or before the last day of the Certain Funds Period, on such date. (b) The Incremental Facility Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for the Term relevant Incremental Facility. (b) The Revolving Facility Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for the Revolving Facility.

Appears in 1 contract

Sources: Senior Facilities Agreement (Inspired Entertainment, Inc.)

Cancellation of Commitment. (a) The Term Facility A Commitments which, at that time, are unutilised shall be immediately cancelled if the Facility A Utilisation Date expires. (b) The Facility B Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for the Term Facility. (b) The Revolving Facility Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for the Revolving Facility.B.

Appears in 1 contract

Sources: Facility Agreement (Synnex Corp)

Cancellation of Commitment. (a) The Term Facility B Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for Facility B. (b) The Additional Facility Commitments relating to an Additional Facility which, at that time, are unutilised shall be immediately cancelled at the Term end of the Availability Period for that Additional Facility. (bc) The Revolving Facility Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for the Revolving Facility.

Appears in 1 contract

Sources: Senior Term and Revolving Facilities Agreement