Termination of Commitment. If the Loan is not drawn down by the Termination Date, the Commitment shall thereupon be automatically cancelled.
Appears in 9 contracts
Sources: Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.)
Termination of Commitment. If the Loan is not drawn down in full by the Termination Dateend of the Drawdown Period, the undrawn Commitment shall thereupon be automatically cancelled.
Appears in 1 contract
Sources: Loan Agreement (Top Tankers Inc.)
Termination of Commitment. If any Advance or the Loan is not drawn down in full by the Termination Dateend of the Drawdown Period, the undrawn Commitment shall thereupon be automatically cancelled.
Appears in 1 contract