Common use of Cancellation of Commitment Clause in Contracts

Cancellation of Commitment. 5.5.1 The Facility A Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for Facility A. 5.5.2 The Facility B Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for Facility B.

Appears in 3 contracts

Sources: Facilities Agreement (Lesaka Technologies Inc), Loan Agreement (Net 1 Ueps Technologies Inc), Term Loan and Multicurrency Revolving Facilities Agreement (AVG Technologies N.V.)

Cancellation of Commitment. 5.5.1 The Facility A Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for Facility A. 5.5.2 The Total Facility B Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for Facility B.

Appears in 2 contracts

Sources: Term and Multicurrency Revolving Credit Facilities Agreement (Pra Group Inc), Multicurrency Revolving Credit Facility Agreement (Pra Group Inc)

Cancellation of Commitment. 5.5.1 The Total Facility A Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for Facility A. 5.5.2 The Total Facility B Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for Facility B.

Appears in 2 contracts

Sources: Term Facility Agreement (Enstar Group LTD), Term Facility Agreement (Enstar Group LTD)

Cancellation of Commitment. 5.5.1 5.5.1. The Facility A Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for Facility A. 5.5.2 5.5.2. The Facility B Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for Facility B.

Appears in 2 contracts

Sources: Term and Revolving Credit Facilities Agreement (Sibanye Gold LTD), Term and Revolving Credit Facilities Agreement (Sibanye Gold LTD)

Cancellation of Commitment. 5.5.1 (a) The Facility A Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for Facility A. 5.5.2 (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 Overdraft Facility Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for the Overdraft Facility.

Appears in 2 contracts

Sources: Facility Agreement (FreeSeas Inc.), Facility Agreement (FreeSeas Inc.)

Cancellation of Commitment. 5.5.1 6.5.1 The Facility A Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for Facility A. 5.5.2 6.5.2 The Facility B Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for Facility B.

Appears in 2 contracts

Sources: Term and Revolving Credit Facilities Agreement, Term and Revolving Credit Facilities Agreement (Sibanye Gold LTD)

Cancellation of Commitment. 5.5.1 (a) The Facility A B1 Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for Facility A.B1. 5.5.2 (b) The Facility B B2 Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for Facility B.B2. (c) Accordion Facility Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for the relevant Accordion Facility.

Appears in 1 contract

Sources: Senior Term Facilities Agreement (NeoGames S.A.)

Cancellation of Commitment. 5.5.1 6.3.1 The Total Facility A Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for Facility A. 5.5.2 6.3.2 The Total Facility B Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for Facility B.

Appears in 1 contract

Sources: Facilities Agreement (UTi WORLDWIDE INC)

Cancellation of Commitment. 5.5.1 The Facility A Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for Facility A. 5.5.2 The Facility B Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for and each Facility B.B Lender’s Available Commitment under Facility B shall reduce to zero.

Appears in 1 contract

Sources: Term Facility Agreement (Harmony Gold Mining Co LTD)

Cancellation of Commitment. 5.5.1 (a) The Facility A Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for Facility A. 5.5.2 (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 Credit Facility Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for the Revolving Credit Facility.

Appears in 1 contract

Sources: Facility Agreement (Rockwood Holdings, Inc.)

Cancellation of Commitment. 5.5.1 5.4.1 The Facility A Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for Facility A. 5.5.2 5.4.2 The Facility B Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for Facility B.

Appears in 1 contract

Sources: Term Facility Agreement (Affimed Therapeutics B.V.)

Cancellation of Commitment. 5.5.1 The Facility A Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for Facility A. 5.5.2 The Facility B Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for Facility B.

Appears in 1 contract

Sources: Facilities Agreement (Elbit Imaging LTD)