Common use of Voluntary cancellation Clause in Contracts

Voluntary cancellation. The Company may, if it gives the Agent not less than five (5) Business Days’ (or such shorter period as the Majority Lenders may agree) prior notice, reduce the Available Facility to zero or by such amount (being a minimum amount of US$5,000,000) as the Company may specify in such notice. Any such reduction under this Clause 7.2 shall reduce the Commitments of the Lenders rateably.

Appears in 5 contracts

Sources: Facility Agreement, Facility Agreement (Alibaba Group Holding LTD), Facility Agreement (Alibaba Group Holding LTD)

Voluntary cancellation. The Company may, if it gives the Agent not less than five (5) three Business Days' prior written notice (or such shorter period as the Majority Lenders may agree) prior notice), reduce cancel the Available Facility to zero whole or by such amount any part (being a minimum amount of US$EUR 5,000,000) as of the Company may specify in such noticeAvailable Facility. Any such reduction cancellation under this Clause 7.2 9.3 shall reduce the Commitments of the Lenders rateablyrateably under the Facility.

Appears in 5 contracts

Sources: Syndicated Loan Agreement (Hillenbrand, Inc.), Syndicated L/G Facility Agreement (Hillenbrand, Inc.), Syndicated Loan Agreement (Hillenbrand, Inc.)

Voluntary cancellation. The Company may, if it gives the Agent not less than five (5) 5 Business Days’ (or such shorter period as the Majority Lenders may agree) prior notice, reduce cancel the Available Facility to zero whole or by such amount any part (being a minimum amount of US$5,000,000) as ZAR50,000,000 and in integral multiples of ZAR10,000,000 of the Company may specify in such noticeAvailable Facility). Any such reduction cancellation under this Clause 7.2 (Voluntary Cancellation) shall reduce the Commitments of the Lenders rateablyrateably under the Facility.

Appears in 2 contracts

Sources: Revolving Facility Agreement (Sibanye Gold LTD), Revolving Facility Agreement (Sibanye Gold LTD)

Voluntary cancellation. The Company may, if it gives the Agent not less than five (5) Business Days’ (or such shorter period as the Majority Lenders may agree) prior notice, reduce cancel the Available Facility to zero whole or by such amount any part (being a minimum amount of US$5,000,000USD 50,000,000) as the Company may specify in such noticeof an Available Facility. Any such reduction cancellation under this Clause 7.2 9.3 shall reduce the Commitments of the Lenders rateablyrateably under that Facility.

Appears in 2 contracts

Sources: Facility Agreement (Eksportfinans Asa), Facility Agreement (Eksportfinans Asa)

Voluntary cancellation. The Company Borrower may, if it gives the Agent not less than five (5) Business Days' (or such shorter period as the Majority Lenders may agree) prior written notice, reduce the Available Facility to zero or by such amount (being a minimum amount of US$5,000,000USD50,000,000 and an integral multiple of USD5,000,000 or, if less, the Available Facility) as the Company Borrower may specify in such notice. Any such reduction under this Clause 7.2 7.5 shall reduce the Commitments of the Lenders rateably.

Appears in 2 contracts

Sources: Loan Agreement (PCGI Intermediate Holdings LTD), Facility Agreement (PCGI Intermediate Holdings LTD)

Voluntary cancellation. The Company may, if it gives the Agent not less than five (5) 5 Business Days' (or such shorter period as the Majority Lenders may agree) prior notice, reduce cancel the Available Facility to zero whole or by such amount any part (being a minimum amount of US$$5,000,000) as the Company may specify in such noticeof an Available Facility. Any such reduction cancellation under this Clause 7.2 8.4 shall reduce the Commitments of the Lenders rateablyrateably under that Facility.

Appears in 1 contract

Sources: Multicurrency Revolving Facilities Agreement (Sage Group PLC)

Voluntary cancellation. The Company Borrower may, if it gives the Agent not less than five (5) 5 Business Days' (or such shorter period as the Majority Lenders may agree) prior written notice, reduce the Available Facility to zero or by such amount (being a minimum amount of US$5,000,000USD50,000,000 and an integral multiple of USD5,000,000 or, if less, the Available Facility) as the Company Borrower may specify in such notice. Any such reduction under this Clause 7.2 7.6 shall reduce the Commitments of the Lenders rateably.

Appears in 1 contract

Sources: Facility Agreement (PCGI Intermediate Holdings LTD)

Voluntary cancellation. The Company may, if it gives the Agent not less than five (5) 5 Business Days' (or such shorter period as the Majority Lenders may agree) prior notice, reduce cancel the Available Facility to zero whole or by such amount any part (being a minimum amount of US$$5,000,000) as of the Company may specify in such noticeAvailable Facility. Any such reduction cancellation under this Clause 7.2 10.3 shall reduce the Commitments of the Lenders rateably.

Appears in 1 contract

Sources: Facility Agreement (Enodis PLC)

Voluntary cancellation. The Company may, if it gives the Agent not less than five (5) 5 Business Days’ (or such shorter period as the Majority Lenders may agree) prior notice, reduce cancel the Available Facility to zero whole or by such amount any part (being a minimum amount of US$5,000,0002,000,000 (or its equivalent in other currencies) as and integral multiples of US$500,000) of the Company may specify in such noticeAvailable Facility. Any such reduction cancellation under this Clause 7.2 8.3 shall reduce the Commitments of the Lenders rateablyrateably under the Facility. Any notice delivered by the Company under this Clause 8.3 shall be made in writing and shall be irrevocable.

Appears in 1 contract

Sources: Multicurrency Revolving Facility Agreement (Markit Ltd.)

Voluntary cancellation. a) The Company may, if it gives the Agent not less than five ten (510) Business Days’ (or such shorter period as the Majority Lenders may agree) prior notice, reduce cancel the whole or any part of the Available Facility to zero or by such amount (Facility, but if in part, being a minimum amount of US$5,000,000EUR 5,000,000 (or a greater amount being an integral multiple of EUR 1,000,000). b) as the Company may specify in such notice. Any such reduction cancellation under this Clause 7.2 9.4 shall reduce the Commitments of the Lenders rateablyrateably under the Facility.

Appears in 1 contract

Sources: Facility Agreement (Marine Harvest ASA)

Voluntary cancellation. The Company may, if it gives the Agent not less than five (5) 10 Business Days' (or such shorter period as the Majority Lenders may agree) prior notice, reduce cancel the Available Facility to zero whole or by such amount any part (being a minimum amount of US$5,000,000) as the Company may specify in such notice$2,500,000 of an Available Facility. Any such reduction cancellation under this Clause 7.2 8.3 shall reduce the Commitments of the Lenders rateablyrateably under that Facility.

Appears in 1 contract

Sources: Facility Agreement (Inveresk Research Group Inc)

Voluntary cancellation. The Company may, if it gives the Agent not less than five (5) 5 Business Days' (or such shorter period as the Majority Lenders may agree) prior notice, reduce cancel the Available Facility to zero whole or by such amount any part (being a minimum amount of US$5,000,000(pound)500,000 and an integral multiple of (pound)250,000) as the Company may specify in such noticeof an Available Facility. Any such reduction cancellation under this Clause 7.2 8.6 shall reduce the Commitments of the Lenders rateablyrateably under that Facility.

Appears in 1 contract

Sources: Facility Agreement (Allied Healthcare International Inc)

Voluntary cancellation. The Company may, if it gives the Agent not less than five (5) 5 Business Days' (or such shorter period as the Majority Lenders may agree) prior notice, reduce cancel the Available Facility to zero whole or by such amount any part (being a minimum amount of US$5,000,000U.S.$10,000,000 and an integral multiple of U.S.$1,000,000) as of the Company may specify in such noticeAvailable Facility. Any such reduction cancellation under this Clause 7.2 7.5 shall reduce the Commitments of the Lenders rateably.

Appears in 1 contract

Sources: Bridge Facility Agreement

Voluntary cancellation. The Company may, if it gives the Agent not less than five (5) 5 Business Days' (or such shorter period as the Majority Lenders may agree) prior notice, reduce cancel the Available Facility to zero whole or by such amount any part (being a minimum amount of US$5,000,000(pound)500,000 and an integral multiple of (pound)250,000) as the Company may specify in such noticeof an Available Facility. Any such reduction cancellation under this Clause 7.2 8.3 shall reduce the Commitments of the Lenders rateablyrateably under that Facility.

Appears in 1 contract

Sources: Facility Agreement (Allied Healthcare International Inc)

Voluntary cancellation. The Company may, if it gives the Agent not less than five (5) Business Days’ (or such shorter period as the Majority Lenders may agree) prior notice, reduce the Available Facility to zero or by such amount (being a minimum amount of US$5,000,000) as the Company may specify in such notice. Any such reduction under this Clause 7.2 7.3 shall reduce the Commitments of the Lenders rateablyrateably under that Facility.

Appears in 1 contract

Sources: Facilities Agreement (Alibaba Group Holding LTD)

Voluntary cancellation. The Company may, if it gives the Agent not less than five (5) Business Days’ (or such shorter period as the Majority Lenders may agree) prior notice, reduce cancel the Available Facility to zero whole or by such amount any part (being a minimum amount of US$EUR 5,000,000) as of the Company may specify in such noticeAvailable Facility or an integral multiple thereof. Any such reduction cancellation under this Clause 7.2 8.4 shall reduce the Commitments of the Lenders rateably.

Appears in 1 contract

Sources: Multicurrency Revolving Facility Agreement (Tercica Inc)

Voluntary cancellation. The Company may, if it gives the Agent not less than five (5) Business Days’ (or such shorter period as the Majority Lenders may agree) prior notice, reduce the Available Facility to zero or by such amount (being a minimum amount of US$5,000,000) as the Company may specify in such notice. Any such reduction under this Clause 7.2 7.3 shall reduce the Commitments of the Lenders rateably.

Appears in 1 contract

Sources: Facility Agreement (Alibaba Group Holding LTD)

Voluntary cancellation. The Company may, may if it gives the Agent not less than five (5) Business Days’ (or such shorter period as the Majority Lenders in respect of the Facility to which such cancellation relates may agree) prior notice, reduce cancel the Available Facility to zero whole or by such amount any part (being a minimum amount of US$5,000,00050,000,000) as the Company may specify in such noticeof any Facility. Any such reduction cancellation under this Clause 7.2 9.2 shall reduce rateably the Commitments of the Lenders rateablyunder that Facility.

Appears in 1 contract

Sources: Facilities Agreement (Cemex Sab De Cv)