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Common use of Mandatory cancellation Clause in Contracts

Mandatory cancellation. The Available Facility shall automatically be cancelled to zero on the last day of the Availability Period.

Appears in 2 contracts

Sources: Amendment Agreement (Citigroup Inc), Secured Facilities Agreement (Citigroup Inc)

Parent Clauses

  • Prepayment and Cancellation
  • Repayment Prepayment and Cancellation
  • Cancellation
  • Effect of cancellation and prepayment on scheduled repayments and reductions
  • THE FINANCE PARTIES

Sub-Clauses

  • Interest and other amounts
  • Prepayment in accordance with Agreement
  • No reinstatement of Commitments
  • Notices of Cancellation or Prepayment
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