Common use of Cancellation of Commitment and Prepayment Clause in Contracts

Cancellation of Commitment and Prepayment. The Borrower may, without penalty or premium, at any time during the term of this Agreement upon three (3) Business Days prior written notice substantially in the form of Schedule B, cancel all of the Total Commitment or any portion thereof in minimum amounts of Cdn. $10,000,000 and whole multiples of Cdn. $1,000,000 thereafter if, on or prior to the last day of such notice period, the Borrower has:

Appears in 2 contracts

Samples: Credit Agreement (PENGROWTH ENERGY Corp), Credit Agreement (PENGROWTH ENERGY Corp)

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Cancellation of Commitment and Prepayment. The Borrower may, without penalty or premium, at any time during the term of this Agreement upon three (3) Business Days prior written notice substantially in the form of Schedule BA, cancel all of the Total Commitment or any portion thereof in minimum amounts of Cdn. $10,000,000 and whole multiples of Cdn. $1,000,000 thereafter if, on or prior to the last day of such notice period, the Borrower has:

Appears in 2 contracts

Samples: Credit Agreement (Pengrowth Energy Trust), Credit Agreement (Pengrowth Energy Trust)

Cancellation of Commitment and Prepayment. The Borrower may, without penalty or premium, at any time during the term of this Agreement upon three (3) Business Days prior written notice substantially in the form of Schedule B, cancel all of the Total Commitment or any portion thereof in minimum amounts of Cdn. $10,000,000 and whole multiples of Cdn. $1,000,000 thereafter (provided that such aforementioned minimum amounts and whole multiple amounts shall not apply to any repayment contemplated by Section 4.1(c)) if, on or prior to the last day of such notice period, the Borrower has:

Appears in 1 contract

Samples: Credit Agreement (PENGROWTH ENERGY Corp)

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Cancellation of Commitment and Prepayment. The Borrower may, without penalty or premium, at any time during the term of this Agreement upon three (3) 3 Business Days Days' prior written notice substantially in the form of Schedule B"A", cancel all of the Total Commitment or any portion portions thereof in minimum amounts of Cdn. $10,000,000 100,000 and whole multiples of Cdn. $1,000,000 thereafter thereof if, on or prior to the last day of such notice period, the Borrower has:

Appears in 1 contract

Samples: Credit Agreement (Keyspan Corp)

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