Common use of Automatic cancellation Clause in Contracts

Automatic cancellation. The Commitments will be automatically cancelled at the earlier of: (a) the close of business on the last day of the Availability Period; and (b) the close of business on the Construction Completion Date.

Automatic cancellation. The Commitments of each Lender under a Facility will be automatically cancelled at the earlier of: (a) the close of business on the last day of the Availability Period; and (b) the close of business on the Construction Completion DatePeriod for Loans under that Facility.

Automatic cancellation. (a) The Commitments Commitment of each of the Tranche A Lenders and Tranche B Lenders will be automatically cancelled at the earlier of: (a) the close of business on the last day of the relevant Term Loan Availability Period; and. (b) The obligation of a Revolver Lender to advance the undrawn amount of its Commitment in respect of a Revolving Credit will be automatically cancelled at the close of business on the Construction Completion Datelast day of the Revolving Credit Availability Period.

Automatic cancellation. The Commitments of each Lender under each Facility which, at that time remain unutilised, will be automatically cancelled at the earlier of: (a) at the close of business on the last day of the Availability PeriodPeriod for that Facility to the extent undrawn at that time; and (b) immediately after the close Facility Agent has given notice to the Company under paragraph (b) of business on the Construction Completion DateSubclause 22.3 (Change of control or sale of business).

Automatic cancellation. (a) The Commitments of each Lender will be automatically cancelled at the earlier of: (a) the close of business on the last day of the Availability Period; and. (b) Once the Loan under Facility B has been made, any unutilised Commitment under Facility B will be automatically cancelled at the close of business on the Construction Completion Datelast day of the Availability Period.

Automatic cancellation. The Commitments unutilised Commitment of each Lender will be automatically cancelled at on the earlier of: (ai) the date of (and immediately following) the advance of the Loan; and (ii) the close of business on the last day of the Availability Period; and (b) the close of business on the Construction Completion Date.

Automatic cancellation. (a) The Commitments of each Lender in relation to the Facility will be automatically cancelled at the earlier of: (a) the close of business on the last day of the Availability Period; and. (b) If a Lender does not agree to an extension requested under Clause 6 (E), the close Commitments of business this Lender will be automatically cancelled on the Construction Completion his Final Maturity Date.

Automatic cancellation. (a) The Commitments Commitment of each Lender under the Acquisition Facility will be automatically cancelled in full at the earlier of: (a) the close of business on the last day of the Acquisition Availability Period; and (b) the close of business on the Construction Completion Date.

Automatic cancellation. The Commitments (a) Each Commitment of each Senior Lender will be automatically cancelled at the earlier of: (a) the close of business on the last day of the applicable Availability Period; and. (b) In the close of business event that the Borrower has not entered into an Hedging Agreement with respect to the interest rate exposure during the Construction Phase, the Total Hedging Commitments will be automatically cancelled on the Construction Completion Commercial Operation Date.