Common use of Voluntary cancellation Clause in Contracts

Voluntary cancellation. The Company may, if it gives the Facility Agent not less than 10 days' (or such shorter period as the Majority Lenders may agree) prior notice, cancel the whole or any part (being a minimum amount of $25,000,000 (or its equivalent in any other currency or currencies) or the outstanding balance under the Facility, if less) of the Available Facility at any time during the Availability Period.

Appears in 4 contracts

Sources: Debt Bridge Facility Agreement (Xstrata PLC), Debt Bridge Facility Agreement (Xstrata PLC), Debt Bridge Facility Agreement (Xstrata PLC)

Voluntary cancellation. The Company may, if it gives the Facility Agent not less than 10 days' (or such shorter period as the Majority Lenders may agree) prior notice, cancel the whole or any part (being a minimum amount of $25,000,000 (or its equivalent in any other currency or currencies) or the outstanding balance under the relevant Facility, if less) of the an Available Facility at any time during the Availability PeriodPeriod in respect of the relevant Facility.

Appears in 2 contracts

Sources: Multicurrency Loan Facility and Subscription Agreement (Xstrata PLC), Multicurrency Loan Facility Agreement (Xstrata PLC)

Voluntary cancellation. The Company may, if it gives the Facility Agent not less than 10 days' (or such shorter period as the Majority Lenders may agree) prior notice, cancel the whole or any part (being a minimum amount of $25,000,000 (or its equivalent in any other currency or currencies) or the outstanding balance under the relevant Facility, if less) of the an Available Facility at any time during the Availability PeriodPeriod in respect of the relevant Facility.

Appears in 2 contracts

Sources: Loan Facility Agreement (Falconbridge LTD), Loan Facility Agreement (Falconbridge LTD)

Voluntary cancellation. The Company Borrower may, if it gives the Facility Agent not less than 10 days' Business Days’ prior notice (or such shorter period as the Majority Lenders Facility Agent may in its sole discretion agree) prior notice, cancel the whole or any part (being a minimum amount of $25,000,000 (US$100,000,000 or its equivalent in any other currency or currencies) or the outstanding balance under the Facility, if lessmultiple thereof) of the Available Facility at any time during the Availability PeriodFacility.

Appears in 2 contracts

Sources: Amendment and Restatement Agreement (Mechel OAO), Amendment and Restatement Agreement (Mechel OAO)

Voluntary cancellation. The Company may, if it gives the Facility Agent not less than 10 days' five Business Days’ (or such shorter period as the Majority Lenders Agent may agree) prior notice, cancel the whole or any part (being being, in the case of a cancellation of Facility A1, Facility A2 or Facility B a minimum amount of $25,000,000 (or its equivalent US$5,000,000 and, in any other currency or currencies) or the outstanding balance under the Facility, if lesscase of Facility C a minimum amount of CHF5,000,000) of the Available Facility at any time during Facility. Any cancellation under this Clause 8.8 shall reduce the Availability PeriodCommitments of the Lenders rateably.

Appears in 1 contract

Sources: Facilities Agreement (LG Acquisition Corp.)

Voluntary cancellation. The Company may, if it gives the Facility Agent not less than 10 days' three Business Days’ (or such shorter period as the Majority Lenders may agree) prior notice, cancel the whole or any part (being a minimum amount of $25,000,000 (or its equivalent in any other currency or currencies) or the outstanding balance under the Facility, if lessUS$1,000,000 and an integral multiple of US$500,000) of an Available Facility. Any cancellation under this Clause 10.3 shall reduce the Available Facility at any time during Commitments of the Availability PeriodLenders rateably under that Facility.

Appears in 1 contract

Sources: Term and Revolving Facilities Agreement (ShangPharma Corp)

Voluntary cancellation. The Company may, if it gives the Facility Agent not less than 10 5 days' (or such shorter period as the Majority Lenders may agree) prior notice, cancel the whole or any part (being a minimum amount of $25,000,000 (or its equivalent in any other currency or currencies) or the outstanding balance under the Facility, if lesseuro 50,000,000) of the Available Facility at any time during Facility. Any cancellation in part under this Clause 8.3 will be applied against the Availability PeriodCommitment of each Lender pro rata.

Appears in 1 contract

Sources: Syndicated Revolving Credit Agreement (Koninklijke KPN N V)

Voluntary cancellation. The Company may, if it gives the Facility Agent not less than 10 5 days' (or such shorter period as the Majority Lenders may agree) prior notice, cancel the whole or any part (being a minimum amount of $25,000,000 (or its equivalent in any other currency or currencies) or the outstanding balance under the Facility, if lesseuro 50,000,000) of the Available Facility at any time during the Availability PeriodFacility.

Appears in 1 contract

Sources: Syndicated Revolving Credit Agreement (Koninklijke KPN N V)

Voluntary cancellation. The Company may, if it gives the Facility Agent not less than 10 days' (or such shorter period as the Majority Lenders may agree) prior notice, cancel the whole or any part (being a minimum amount of $25,000,000 (or its equivalent in any other currency or currencies) or the outstanding balance under the Facility, if less) of the Available Facility at any time during the Availability Period.

Appears in 1 contract

Sources: Debt Bridge Facility Agreement (Xstrata PLC)