Common use of Cancellation of Commitment Clause in Contracts

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

Appears in 2 contracts

Sources: Senior Facilities Agreement (Melco Crown Entertainment LTD), Senior Facilities Agreement (Melco Crown Entertainment LTD)

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

Appears in 1 contract

Sources: Common Terms Agreement (Sunpower Corp)

Cancellation of Commitment. The Commitments Any unutilised Commitment in respect of each Lender under a Facility which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for that Facility.

Appears in 1 contract

Sources: Revolving Facilities Agreement (Alcatel Lucent)

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

Appears in 1 contract

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

Cancellation of Commitment. The Commitments of each Lender under a Facility which, at that time, are unutilised shall be immediately cancelled at On the end last day of the Availability Period for in relation to a Facility, all unutilised Commitments under that FacilityFacility will automatically be cancelled.

Appears in 1 contract

Sources: Senior and Super Senior Multicurrency Term and Revolving Facilities Agreement