Common use of Cancellation of Commitments Clause in Contracts

Cancellation of Commitments. The Available Commitments, which, at that time, are unutilized shall be immediately cancelled at the end of the Availability Period.

Appears in 2 contracts

Samples: Agreement (Flowserve Corp), Letter of Credit Facility Agreement (Flowserve Corp)

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Cancellation of Commitments. (a) The Available Commitments, which, at that time, Commitments which are unutilized shall be immediately cancelled at the end of the Availability PeriodPeriod shall then be automatically cancelled.

Appears in 2 contracts

Samples: Credit Agreement (SEACOR Marine Holdings Inc.), Credit Agreement (SEACOR Marine Holdings Inc.)

Cancellation of Commitments. The Available Commitments, which, at that time, Commitments which are unutilized shall be immediately cancelled at the end of the Availability PeriodPeriod shall then be automatically cancelled. No amount of the Commitments so cancelled under this Agreement may be subsequently reinstated.

Appears in 1 contract

Samples: Credit Agreement (SEACOR Marine Holdings Inc.)

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

Appears in 1 contract

Samples: TSH Merger Sub (Huang Jianjun)

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