Common use of DURING AVAILABILITY PERIOD Clause in Contracts

DURING AVAILABILITY PERIOD. On giving not less than 3 Business Days irrevocable notice to the Lender the Borrower may cancel all or part of the Undrawn Commitment during the Availability Period. A partial cancellation must be in a minimum of A$1,000,000 and a whole multiple of A$1,000,000 unless the Lender agrees otherwise.

DURING AVAILABILITY PERIOD. On giving not less than 3 five Business Days irrevocable notice to the Lender the Borrower may cancel all or part of the Undrawn Commitment during the Availability Period. A partial cancellation must be in a minimum of A$1,000,000 $5,000,000 and in a whole multiple of A$$1,000,000 unless the Lender agrees otherwise. Any part of a Commitment cancelled by a Borrower may not be drawn or redrawn.