Common use of Cancellation of Commitment Clause in Contracts

Cancellation of Commitment. Subject to the terms of the First Global Deed of Amendment and Restatement and the Second Global Amendment and Restatement Agreement, the Total Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period.

Appears in 3 contracts

Samples: Coface Facility Agreement (Globalstar, Inc.), Operation and Maintenance Agreement (Globalstar, Inc.), Globalstar, Inc.

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Cancellation of Commitment. Subject to the terms of the First Global Deed of Amendment and Restatement and the Second Global Amendment and Restatement AgreementRestatement, the Total Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period.

Appears in 1 contract

Samples: Coface Facility Agreement (Globalstar, Inc.)

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