Common use of Effect of repayment and prepayment on Commitments Clause in Contracts

Effect of repayment and prepayment on Commitments. If all or part of any Xxxxxx’s participation in a Loan under the Facility is repaid or prepaid and is not available for reborrowing (other than by operation of Clause 4.2 (Further conditions precedent), an amount of that Xxxxxx’s Commitments (equal to the amount of the participation which is repaid or prepaid) under the Facility will be deemed to be cancelled on the date of repayment or prepayment.

Effect of repayment and prepayment on Commitments. If all or part of any Xxxxxx’s Lender's participation in a Loan under the a Term Facility is repaid or prepaid and is not available for reborrowing redrawing (other than by operation of Clause 4.2 (Further conditions precedent)), an amount of that Xxxxxx’s Commitments 's Commitment (equal to the amount of the participation which is repaid or prepaid) under the in respect of that Term Facility will be deemed to be cancelled on the date of repayment or prepayment.

Effect of repayment and prepayment on Commitments. If all or part of any XxxxxxLender’s participation in a Loan under the Facility is repaid or prepaid and is not available for reborrowing redrawing (other than by operation of Clause 4.2 (Further conditions precedent)), an amount of that Xxxxxx’s Commitments Commitment (equal to the Base Currency Amount of the amount of the participation which is repaid or prepaid) under the Facility will be deemed to be cancelled on the date of repayment or prepayment.

Effect of repayment and prepayment on Commitments. If all or part of any Xxxxxx’s participation in a Loan under the Facility is repaid or prepaid and is not available for reborrowing redrawing (other than by operation of Clause 4.2 (Further conditions precedent)), an amount of that Xxxxxxthe Lender’s Commitments Commitment (equal to the Base Currency Amount of the amount of the participation which is repaid or prepaid) under in respect of the Facility will be deemed to be cancelled on the date of repayment or prepayment.