Common use of Cancellation of Commitment Clause in Contracts

Cancellation of Commitment. The Commitments which, at that time, are unutilised, and in respect of which no Utilisation Request has been delivered, shall be immediately cancelled at 11:00 a.m. on the last day of the Availability Period.

Appears in 4 contracts

Sources: Facilities Agreement, First Amendment and Restatement Agreement (Powerfleet, Inc.), Facilities Agreement (MiX Telematics LTD)

Cancellation of Commitment. The Commitments which, at that time, are unutilised, and in respect of which no Utilisation Request has been delivered, unutilised shall be immediately cancelled at 11:00 a.m. 5.00 p.m. on the earlier of the Utilisation Date and the last day of the Availability Period.

Appears in 3 contracts

Sources: Secured Term Loan Facility (Mohegan Tribal Gaming Authority), Secured Term Loan Facility, Secured Term Loan Facility

Cancellation of Commitment. The Commitments which, at that time, are unutilised, and in respect of which no Utilisation Request has been delivered, shall be immediately cancelled at 11:00 a.m. on the last day of the Availability PeriodPeriod applicable to that Facility.

Appears in 1 contract

Sources: Senior Facilities Agreement (Net 1 Ueps Technologies Inc)

Cancellation of Commitment. The Commitments Commitment which, at that time, are is unutilised, and in respect of which no Utilisation Request has been delivered, shall be immediately cancelled at 11:00 a.m. on the last day of the Availability Period.. Facility Agreement _Powerfleet_ 29

Appears in 1 contract

Sources: Facility Agreement (Powerfleet, Inc.)