Common use of Cancellation of Commitments Clause in Contracts

Cancellation of Commitments. The Commitments which are unutilised at the end of the Availability Period shall then be cancelled.

Appears in 12 contracts

Sources: Facility Agreement (Okeanis Eco Tankers Corp.), Facility Agreement (Euroseas Ltd.), Term Loan Facility Agreement (Okeanis Eco Tankers Corp.)

Cancellation of Commitments. The Commitments which which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period shall then be cancelledPeriod.

Appears in 4 contracts

Sources: Bridge Facility Agreement (Himalaya Shipping Ltd.), Master Istisna’ Agreement (Brooge Holdings LTD), Master Istisna’ Agreement (Brooge Holdings LTD)

Cancellation of Commitments. The Commitments which which, at that time, are unutilised shall be immediately cancelled at the end of the relevant Availability Period shall then be cancelledPeriod.

Appears in 4 contracts

Sources: Bridge Facilities Agreement (Compagnie Maritime Belge NV), Bridge Facilities Agreement (Compagnie Maritime Belge NV), Bridge Facilities Agreement (CMB.TECH Nv)

Cancellation of Commitments. The Commitments which are unutilised at the end of the Availability Period shall then be cancelledimmediately cancelled at that time.

Appears in 2 contracts

Sources: Term Loan Facility (Ardmore Shipping Corp), Term Loan Facility (Ardmore Shipping Corp)

Cancellation of Commitments. The Commitments in respect of the Loan which are unutilised at the end of the Availability Period shall then be cancelled.

Appears in 1 contract

Sources: Term Loan Facility (Navios South American Logistics Inc.)

Cancellation of Commitments. (a) The Commitments which which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period shall then be cancelledPeriod.

Appears in 1 contract

Sources: Facility Agreement (Huang Jianjun)

Cancellation of Commitments. The Any Commitments which are unutilised at the end of the Availability Period for a Facility shall then be cancelled.

Appears in 1 contract

Sources: Facility Agreement (Taylor Maritime Investments LTD)