Common use of Termination of Commitment Clause in Contracts

Termination of Commitment. Any part of the Commitment undrawn and uncancelled by the relevant Termination Date, shall thereupon be automatically cancelled.

Appears in 9 contracts

Sources: Loan Agreement (Aegean Marine Petroleum Network Inc.), Supplemental Agreement (Aegean Marine Petroleum Network Inc.), Eighth Supplemental Agreement (Aegean Marine Petroleum Network Inc.)

Termination of Commitment. Any part of the Commitment remaining undrawn and uncancelled by at the relevant Termination Date, end of the Latest Permissible Drawdown Date shall thereupon be automatically cancelled.

Appears in 4 contracts

Sources: Loan Agreement (Euroseas Ltd.), Loan Agreement (Euroseas Ltd.), Loan Agreement (FreeSeas Inc.)

Termination of Commitment. Any part of the Commitment which remains undrawn and uncancelled by the relevant Termination Date, Date shall thereupon be automatically cancelled.

Appears in 3 contracts

Sources: Loan Agreement (Aegean Marine Petroleum Network Inc.), Loan Agreement (Aegean Marine Petroleum Network Inc.), Junior Loan Agreement (FreeSeas Inc.)

Termination of Commitment. Any part undrawn amount of the Commitment undrawn and uncancelled by at the relevant Termination Date, Date shall thereupon be automatically cancelled.

Appears in 2 contracts

Sources: Loan Agreement (Capital Maritime & Trading Corp.), Loan Agreement (Capital Maritime & Trading Corp.)

Termination of Commitment. Any part of the Commitment which is undrawn and uncancelled by the relevant Termination Date, Date shall thereupon be automatically cancelled.

Appears in 1 contract

Sources: Loan Agreement (Navios Maritime Holdings Inc.)

Termination of Commitment. Any part undrawn amount of the Commitment undrawn and uncancelled by the relevant end of the Termination Date, Date shall thereupon be automatically cancelled.

Appears in 1 contract

Sources: Loan Agreement (NewLead Holdings Ltd.)

Termination of Commitment. Any part undrawn amount of the Commitment undrawn and uncancelled by the relevant Termination Date, Date shall thereupon be automatically cancelled.

Appears in 1 contract

Sources: Loan Agreement (DryShips Inc.)

Termination of Commitment. Any part of the Commitment undrawn and uncancelled by on the relevant Termination Date, Date shall thereupon be automatically cancelled.

Appears in 1 contract

Sources: Junior Secured Loan Agreement (Omega Navigation Enterprises, Inc.)