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Common use of Reduction or Termination of the Commitment Clause in Contracts

Reduction or Termination of the Commitment. Lender may, upon prior notice to Borrower, terminate in whole or reduce in part, as of the date specified by Lender in such notice, any then unused portion of the Commitment.

Appears in 2 contracts

Sources: Construction Facility Agreement (Tilray, Inc.), Credit Facility Agreement (Tilray, Inc.)

Related Clauses

  • Reduction or Termination of Commitments
  • Termination or Reduction of the Commitments
  • Optional Termination or Reduction of the Commitments
  • Reduction of the Commitments
  • Termination or Reduction of Commitment

Parent Clauses

  • Amount and Terms of the Commitment
  • Reduction or Termination of the Commitment Prepayments
  • Prepayments and Other Payments
  • Increased Costs
  • Final Advance

Sub-Clauses

  • Termination
  • Automatic Reductions
  • Voluntary Reduction or Termination of the Commitment
  • All Reductions of the Commitment
  • All Reductions of the Commitments
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