Common use of Mandatory cancellation Clause in Contracts

Mandatory cancellation. (a) If: (i) it is not possible to complete the Offer prior to the end of the Availability Period; or (ii) the Offer is withdrawn or terminates. all the Commitments will be immediately and automatically cancelled. (b) If the Borrower owns less than 100 per cent. of the Target Shares, and any prepayment of the Initial Loans is made during the Availability Period, then the undrawn Commitments will be immediately and automatically cancelled in an amount equal to the amount of such prepayment multiplied by 100/A where “A” is the percentage of Target Shares owned by Bidco (or, if less, the aggregate amount of undrawn Commitments at such time). Any cancellation under this Clause 7.3(b) shall reduce ratably the Commitments of the Lenders.

Mandatory cancellation. (a1) If: (i) it is not possible to complete the Offer prior to the end of the Availability Period; or (ii) the Offer is withdrawn or terminates. , all the Commitments will be immediately and automatically cancelled. (b2) If the Borrower Company owns less than 100 per cent. of the Target Shares, and any prepayment of the Initial Loans is made during the Availability Period, then the undrawn Commitments will be immediately and automatically cancelled in an amount equal to the amount of such prepayment multiplied by 100/A where “A” is the percentage of Target Shares owned by Bidco (or, if less, the aggregate amount of undrawn Commitments at such time). Any cancellation under this Clause 7.3(b7.2(B)(2) shall reduce ratably the Commitments of the Lenders.

Mandatory cancellation. (a1) If: (ia) it is not possible to complete the Offer prior to the end of the Availability Period; or (iib) the Offer is withdrawn or terminates. , all the Commitments will be immediately and automatically cancelled. (b2) If the Borrower Company owns less than 100 per cent. of the Target Shares, and any prepayment of the Initial Loans is made during the Availability Period, then the undrawn Commitments will be immediately and automatically cancelled in an amount equal to the amount of such prepayment multiplied by 100/A where “A” is the percentage of Target Shares owned by Bidco (or, if less, the aggregate amount of undrawn Commitments at such time). Any cancellation under this Clause 7.3(b7.2(B)(2) shall reduce ratably the Commitments of the Lenders.