No reinstatement of Commitments Sample Clauses
The 'No reinstatement of Commitments' clause establishes that once a lender's commitment to provide funds under a loan agreement is reduced, cancelled, or terminated, it cannot be restored or increased again. In practice, this means that if a borrower repays a portion of a revolving credit facility or if a commitment is cancelled due to an event of default, the lender is not obligated to make those funds available again. This clause ensures that reductions in available credit are permanent, thereby providing certainty to lenders about their maximum exposure and preventing borrowers from re-accessing funds that have already been withdrawn or cancelled.
No reinstatement of Commitments. No amount of the Total Commitments cancelled under this Agreement may be subsequently reinstated.
No reinstatement of Commitments. Subject to Clause 2.2 (Increase), no amount of the Total Commitments cancelled under this Agreement may be subsequently reinstated.
No reinstatement of Commitments. The Commitments once terminated or reduced may not be reinstated.
No reinstatement of Commitments. If any Commitment is reduced in accordance with this Agreement, the amount of such reduction may not be subsequently reinstated.
No reinstatement of Commitments. (a) No amount of the Total Commitments cancelled under this Agreement may be subsequently reinstated.
(b) If all or part of any Lender's participation in a Loan is repaid or prepaid an amount of that Lender's Commitment (equal to the amount of the participation which is repaid or prepaid) will be deemed to be cancelled on the date of repayment or prepayment.
No reinstatement of Commitments. Subject to Clause 2.2 (Accordion option), no amount of the Total Commitments cancelled under this Agreement may be subsequently reinstated. Sibanye ZAR RCF
No reinstatement of Commitments. No amount of the Total Commitments cancelled under this Agreement or the GBF Agreement may be subsequently reinstated.
No reinstatement of Commitments. For the avoidance of doubt, subject to Clause 2.2 (Increase), no amount of the Total Commitments cancelled under this Agreement may be subsequently reinstated.
No reinstatement of Commitments. The Borrower shall not have the right to reinstate reductions in Commitments.
No reinstatement of Commitments. No amount of the Total Interim Facility Commitments cancelled under this letter may be subsequently reinstated.