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Common use of Automatic cancellation Clause in Contracts

Automatic cancellation. If the first Utilisation Date has not occurred by the date falling one Month after the date of this Agreement, the Facility will be automatically cancelled in full.

Appears in 8 contracts

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

Related Clauses

  • TERMINATION/CANCELLATION
  • Voluntary cancellation
  • ORDER CANCELLATION
  • No Cancellation
  • RIGHTS ON CANCELLATION

Parent Clauses

  • Prepayment and Cancellation
  • Repayment Prepayment and Cancellation
  • Reborrowing
  • Termination by Resident
  • Illegality Voluntary Prepayment and Cancellation

Sub-Clauses

  • Refund
  • Individual Policy
  • For Family Floater Policies and Family First Policies
  • Prepayment in accordance with Agreement
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