Common use of Cancellation of Available Commitments Clause in Contracts

Cancellation of Available Commitments. (a) On each Termination Date any Available Commitments in respect of the Facility to which such Termination Date relates shall automatically be cancelled and the Commitment of each Lender in relation to such Facility shall automatically be reduced to zero.

Appears in 13 contracts

Samples: Senior Facilities Agreement (Virgin Media Inc.), Senior Facilities Agreement (Virgin Media Inc.), Senior Facilities Agreement (Virgin Media Inc.)

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Cancellation of Available Commitments. (a) On each Termination Date any Available Commitments in respect of the Facility to which such Termination Date relates shall automatically be cancelled and the Commitment of each Lender in relation to such Facility shall automatically be reduced to zero.

Appears in 5 contracts

Samples: Senior Facilities Agreement (Corporate Express N.V.), Agreement (Buhrmann Nv), Conformed Copy (Buhrmann Nv)

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