Common use of Right of cancellation in relation to a Defaulting Lender Clause in Contracts

Right of cancellation in relation to a Defaulting Lender. 9.5.1 If any Lender becomes a Defaulting Lender, the Parent may, at any time whilst the Lender continues to be a Defaulting Lender, give the Agent 20 Business Days’ notice of cancellation of each Available Commitment of that Lender. 9.5.2 On the notice referred to in Clause 9.5.1 above becoming effective, each Available Commitment of the Defaulting Lender shall immediately be reduced to zero. 9.5.3 The Agent shall as soon as practicable after receipt of a notice referred to in Clause 9.5.1 above, notify all the Lenders.

Right of cancellation in relation to a Defaulting Lender. 9.5.1 12.8.1 If any Lender becomes a Defaulting Lender, the Parent Company may, at any time whilst the Lender continues to be a Defaulting Lender, give the Agent 20 not less than ten (10) Business Days’ ' notice of cancellation of each Available Commitment of that Lender. 9.5.2 12.8.2 On the notice referred to in Clause 9.5.1 paragraph 12.8.1 above becoming effective, each Available Commitment of the Defaulting Lender shall immediately be reduced to zero. 9.5.3 12.8.3 The Agent shall as soon as practicable after receipt of a notice referred to in Clause 9.5.1 paragraph 12.8.1 above, notify all the Lenders.. SECTION 5 COSTS OF UTILISATION

Right of cancellation in relation to a Defaulting Lender. 9.5.1 10.4.1 If any Lender becomes a Defaulting Lender, the Parent Obligors’ Agent may, at any time whilst the Lender continues to be a Defaulting Lender, give the Facility Agent 20 5 (five) Business Days’ ' notice of cancellation of each Available Commitment of that Defaulting Lender. 9.5.2 10.4.2 On the notice referred to in Clause 9.5.1 10.4.1 above becoming effective, each Available Commitment of the Defaulting Lender shall immediately be reduced to zero. 9.5.3 10.4.3 The Facility Agent shall as soon as practicable after receipt of a notice referred to in Clause 9.5.1 10.4.1 above, notify all the other Lenders.

Right of cancellation in relation to a Defaulting Lender. 9.5.1 36.10.1 If any Lender becomes a Defaulting Lender, the Parent Company may, at any time whilst the Lender continues to be a Defaulting Lender, give the Agent 20 5 (five) Business Days’ ' notice of cancellation of each the Available Commitment of that Lender. 9.5.2 36.10.2 On the notice referred to in Clause 9.5.1 above 36.7.1 becoming effective, each the Available Commitment of the Defaulting Lender shall immediately be reduced to zero. 9.5.3 36.10.3 The Agent shall as soon as practicable after receipt of a notice referred to in Clause 9.5.1 above36.7.1, notify all the Lenders.