Common use of Notices of Cancellation Clause in Contracts

Notices of Cancellation. Any notice of cancellation given by any Party under Clause 8 (Illegality and Cancellation) shall (subject to the terms of that Clause) be irrevocable and, unless a contrary indication appears in this Agreement, any such notice shall specify the date or dates upon which the relevant cancellation is to be made and the amount of that cancellation.

Appears in 1 contract

Sources: Multicurrency Letter of Credit Facility Agreement (Flagstone Reinsurance Holdings, S.A.)

Notices of Cancellation. or Prepayment Any notice of cancellation or prepayment given by any Party under Clause 8 7 (Illegality Prepayment and Cancellation) shall (subject to the terms of that Clause) be irrevocable and, unless a contrary indication appears in this Agreement, any such notice shall specify the date or dates upon which the relevant cancellation or prepayment is to be made and the amount of that cancellationcancellation or prepayment.

Appears in 1 contract

Sources: Senior Secured Credit Facility Agreement (Borr Drilling LTD)