Right of cancellation in relation to a Defaulting Lender. (a) If any Lender becomes a Defaulting Lender, the Company may, at any time whilst the Lender continues to be a Defaulting Lender, give the Facility Agent five Business Days’ notice of cancellation of each Available Commitment of that Lender. (b) On the notice referred to in paragraph (a) above becoming effective, each Available Commitment of the Defaulting Lender shall immediately be reduced to zero. (c) The Facility Agent shall as soon as practicable after receipt of a notice referred to in paragraph (a) above, notify all the Lenders.
Appears in 9 contracts
Sources: Amendment and Restatement Agreement (IHS Holding LTD), Facility Agreement (IHS Holding LTD), Facility Agreement (IHS Holding LTD)
Right of cancellation in relation to a Defaulting Lender. (a) If any Lender becomes a Defaulting Lender, the Company Parent may, at any time whilst the Lender continues to be a Defaulting Lender, give the Facility Agent five (5) Business Days’ notice of cancellation of each Available Commitment of that Lender.
(b) On the notice referred to in paragraph (a) above becoming effective, each Available Commitment of the Defaulting Lender shall immediately be reduced to zero.
(c) The Facility Agent shall as soon as practicable after receipt of a notice referred to in paragraph (a) above, notify all the Lenders.
Appears in 4 contracts
Sources: Credit Facility Agreement (Gold Fields LTD), Credit Facility Agreement (Sibanye Gold LTD), Credit Facility Agreement (Sibanye Gold LTD)
Right of cancellation in relation to a Defaulting Lender. (a) If any Lender becomes a Defaulting Lender, the Company may, at any time whilst the Lender continues to be a Defaulting Lender, give the Facility Agent five Business Days’ notice of cancellation of each Available the unutilised Commitment of that Lender.
(b) On the notice referred to in paragraph (a) above becoming effective, each Available the unutilised Commitment of the Defaulting Lender shall immediately be reduced to zero.
(c) The Facility Agent shall notify all the Lenders as soon as practicable after receipt of a notice referred to in paragraph (a) above, notify all the Lenders.
Appears in 4 contracts
Sources: Revolving Credit Facility Agreement (MGM Resorts International), Revolving Credit Facility Agreement (MGM Resorts International), Fifth Supplemental Agreement (MGM Resorts International)
Right of cancellation in relation to a Defaulting Lender. (a) If any Lender becomes a Defaulting Lender, the Company Obligors’ Agent may, at any time whilst the Lender continues to be a Defaulting Lender, give the Facility Agent five ten Business Days’ notice of cancellation of each Available Commitment of that Lender.
(b) On the notice referred to in paragraph (a) above becoming effective, each Available Commitment of the Defaulting Lender shall immediately be reduced to zero.
(c) The Facility Agent shall as soon as practicable after receipt of a notice referred to in paragraph (a) above, notify all the Lenders.
Appears in 3 contracts
Sources: Facility Agreement (InterXion Holding N.V.), Facility Agreement (InterXion Holding N.V.), Facility Agreement (InterXion Holding N.V.)
Right of cancellation in relation to a Defaulting Lender. (a) If any Lender becomes a Defaulting Lender, the Company may, at any time whilst the Lender continues to be a Defaulting Lender, give the Facility Agent five three Business Days’ notice of cancellation of each Available Commitment of that Lender.
(b) On the notice referred to in paragraph (a) above becoming effective, each Available Commitment of the Defaulting Lender shall immediately be reduced to zero.
(c) The Facility Agent shall as soon as practicable after receipt of a notice referred to in paragraph (a) above, notify all the Lenders.
Appears in 3 contracts
Sources: Term Loan Facility Agreement (Amc Entertainment Holdings, Inc.), Revolving Facility Agreement (South Texas Supply Company, Inc.), Revolving Facility Agreement (South Texas Supply Company, Inc.)
Right of cancellation in relation to a Defaulting Lender. (a) If any Lender becomes a Defaulting Lender, the Company Borrowers may, at any time whilst the Lender continues to be a Defaulting Lender, give the Facility Agent five 5 Business Days’ notice of cancellation of each Available the undrawn Commitment of that Lender.;
(b) On on the notice referred to in paragraph (a) above becoming effective, each Available the undrawn Commitment of the Defaulting Lender shall immediately be reduced to zero.; and
(c) The the Facility Agent shall as soon as practicable after receipt of a notice referred to in paragraph (a) above, notify all the Lenders.
Appears in 2 contracts
Sources: Loan Agreement (Capital Product Partners L.P.), Loan Agreement (Capital Product Partners L.P.)
Right of cancellation in relation to a Defaulting Lender. (a) If any Lender becomes a Defaulting Lender, the Company Borrower may, at any time whilst the Lender continues to be a Defaulting Lender, give the Facility Agent five (5) Business Days’ notice of cancellation of each Available Commitment of that Lender.
(b) On the notice referred to in paragraph (a) above becoming effective, each Available Commitment of the Defaulting Lender shall immediately be reduced to zero.
(c) The Facility Agent shall as soon as practicable after receipt of a notice referred to in paragraph (a) above, notify all the Lenders.
Appears in 2 contracts
Sources: Term Facility Agreement, Term Facility Agreement (KNOT Offshore Partners LP)
Right of cancellation in relation to a Defaulting Lender. (a) If any Lender becomes a Defaulting Lender, the Company Borrower may, at any time whilst the Lender continues to be a Defaulting Lender, give the Facility Agent five 3 Business Days’ notice of cancellation of each Available Commitment of that Lender.
(b) On the notice referred to in paragraph (a) above becoming effective, each Available Commitment of the Defaulting Lender shall immediately be reduced to zero.
(c) The Facility Agent shall as soon as practicable after receipt of a notice referred to in paragraph (a) above, notify all the Lenders.
Appears in 2 contracts
Sources: Mandate Letter, Term Loan Facilities Agreement
Right of cancellation in relation to a Defaulting Lender. (a) If any Lender becomes a Defaulting Lender, the Company Borrower may, at any time whilst the Lender continues to be a Defaulting Lender, give the Facility Agent five Business Days’ notice of cancellation of each the Available Commitment of that Lender.
(b) On the notice referred to in paragraph (a) above becoming effective, each the Available Commitment of the Defaulting Lender shall immediately be reduced to zero.
(c) The Facility Agent shall as soon as practicable after receipt of a notice referred to in paragraph (a) above, notify all the Lenders.
Appears in 2 contracts
Sources: Facility Agreement (WuXi PharmaTech (Cayman) Inc.), Facility Agreement (WuXi PharmaTech (Cayman) Inc.)
Right of cancellation in relation to a Defaulting Lender. (a) If any Lender becomes a Defaulting Lender, the Company may, at any time whilst the Lender continues to be a Defaulting Lender, give the Facility Agent five 3 Business Days’ notice of cancellation of each Available Commitment of that Lender.
(b) On the notice referred to in paragraph (a) above becoming effective, each Available Commitment of the Defaulting Lender shall immediately be reduced to zero.
(c) The Facility Agent shall as soon as practicable after receipt of a notice referred to in paragraph (a) above, notify all the Lenders.
Appears in 2 contracts
Sources: Amendment and Restatement Agreement (Liberty Global PLC), Amendment and Restatement Agreement (Liberty Global PLC)
Right of cancellation in relation to a Defaulting Lender. (a) If any Lender becomes a Defaulting Lender, the Company Borrower may, at any time whilst the Lender continues to be a Defaulting Lender, give the Facility Agent five Business Days’ notice of cancellation of each the Available Commitment of that Lender.
(b) On the notice referred to in paragraph (a) above becoming effective, each the Available Commitment of the Defaulting Lender shall immediately be reduced to zero.
(c) The Facility Agent shall as soon as practicable after receipt of a notice referred to in paragraph (a) above, notify all the Lenders.
Appears in 2 contracts
Sources: Facility Agreement (Baring Asia Private Equity Fund v Co-Investment L.P.), Facility Agreement (Giant Interactive Group Inc.)
Right of cancellation in relation to a Defaulting Lender. (a) If any Lender becomes a Defaulting Lender, the Company Parent may, at any time whilst the Lender continues to be a Defaulting Lender, give the Facility Agent five Business Days’ notice of cancellation of each Available Commitment of that Lender.
(b) On the notice referred to in paragraph (a) above becoming effective, each Available Commitment of the Defaulting Lender shall immediately be reduced to zero.
(c) The Facility Agent shall as soon as practicable after receipt of a notice referred to in paragraph (a) above, notify all the Lenders.
Appears in 2 contracts
Sources: Credit Agreement, Credit Agreement (Eros International PLC)
Right of cancellation in relation to a Defaulting Lender. (a) If any Lender becomes a Defaulting Lender, the Company may, at any time whilst the Lender continues to be a Defaulting Lender, give the Facility Agent five three Business Days’ notice of cancellation of each Available Commitment of that Lender.
(b) On the notice referred to in paragraph (a) above becoming effective, each Available Commitment of the Defaulting Lender shall be immediately be reduced to zero.
(c) The Facility Agent shall as soon as practicable after receipt of a notice referred to in paragraph (a) above, notify all the Lenders.
Appears in 2 contracts
Sources: Facility Agreement (Ses S.A.), Bridge Facility Agreement (Ses S.A.)
Right of cancellation in relation to a Defaulting Lender. (a) If any Lender becomes a Defaulting Lender, the Company Borrower may, at any time whilst the Lender continues to be a Defaulting Lender, give the Facility Agent five 10 Business Days’ ' notice of cancellation of each Available Commitment of that Lender.
(b) On the notice referred to in paragraph (a) above becoming effective, each Available the Commitment of the Defaulting Lender shall immediately be reduced to zero.
(c) The Facility Agent shall as soon as practicable after receipt of a notice referred to in paragraph (a) above, notify all the Lenders.
Appears in 2 contracts
Sources: Facility Agreement (NorthStar Healthcare Income, Inc.), Facility Agreement (Northstar Realty Finance Corp.)
Right of cancellation in relation to a Defaulting Lender. (a) If any Lender becomes a Defaulting Lender, the Company may, at any time whilst the Lender continues to be a Defaulting Lender, give the Facility Agent five Business Days’ notice of cancellation of each the Available Commitment of that Lender.
(b) On the notice referred to in paragraph (a) above becoming effective, each the Available Commitment of the Defaulting Lender shall immediately be reduced to zero.
(c) The Facility Agent shall as soon as practicable after receipt of a notice referred to in paragraph (a) above, notify all the Lenders.
Appears in 2 contracts
Sources: Multicurrency Revolving Facility Agreement (H Lundbeck a S), Amendment Agreement (Coca-Cola HBC AG)
Right of cancellation in relation to a Defaulting Lender. (a) If any Lender becomes a Defaulting Lender, the Company Borrowers may, at any time whilst the Lender continues to be a Defaulting Lender, give the Facility Agent five (5) Business Days’ notice of cancellation of each Available Commitment of that Lender.
(b) On the notice referred to in paragraph (a) above becoming effective, each Available Commitment of the Defaulting Lender shall immediately be reduced to zero.
(c) The Facility Agent shall as soon as practicable after receipt of a notice referred to in paragraph (a) above, notify all the Lenders.
Appears in 2 contracts
Sources: Term and Revolving Facilities Agreement (KNOT Offshore Partners LP), Term and Revolving Facilities Agreement
Right of cancellation in relation to a Defaulting Lender. (a) If any Lender becomes a Defaulting Lender, the Company may, at any time whilst the Lender continues to be a Defaulting Lender, give the Facility Agent five ten Business Days’ notice of cancellation of each the Available Commitment of that Lender.
(b) On the notice referred to in paragraph (a) above becoming effective, each the Available Commitment of the Defaulting Lender shall immediately be reduced to zero.
(c) The Facility Agent shall as soon as practicable after receipt of a notice referred to in paragraph (a) above, notify all the Lenders.
Appears in 2 contracts
Sources: Term and Revolving Facilities Agreement (Smith & Nephew PLC), Facility Agreement (Smith & Nephew PLC)
Right of cancellation in relation to a Defaulting Lender. (a) If any Lender becomes a Defaulting Lender, the Company may, at any time whilst the Lender continues to be a Defaulting Lender, give the Facility Agent five 5 Business Days’ notice of cancellation of each Available Commitment of that Lender.
(b) On the notice referred to in paragraph (a) above becoming effective, each Available Commitment of the Defaulting Lender shall immediately be reduced to zero.
(c) The Facility Agent shall as soon as practicable after receipt of a notice referred to in paragraph (a) above, notify all the Lenders.
Appears in 2 contracts
Sources: Senior Facilities Agreement (Melco Crown Entertainment LTD), Senior Facilities Agreement (Melco Crown Entertainment LTD)
Right of cancellation in relation to a Defaulting Lender. (a) If any Lender becomes a Defaulting Lender, the Company may, at any time whilst the Lender continues to be a Defaulting Lender, give the Facility Agent five 5 Business Days’ ' notice of cancellation of each Available Commitment of that Lender.
(b) On the notice referred to in paragraph (a) above becoming effective, each Available Commitment of the Defaulting Lender shall immediately be reduced to zero.
(c) The Facility Agent shall as soon as practicable after receipt of a notice referred to in paragraph (a) above, notify all the Lenders.
Appears in 2 contracts
Sources: Senior Facilities Agreement (Alliance Data Systems Corp), Amendment and Restatement Agreement (Genesco Inc)
Right of cancellation in relation to a Defaulting Lender. (a) If any Lender becomes a Defaulting Lender, the Company Holdco may, at any time whilst the Lender continues to be a Defaulting Lender, give the Facility Agent five Business Days’ notice of cancellation of each Available Commitment of that Lender.
(b) On the notice referred to in paragraph (a) above becoming effective, each Available Commitment of the Defaulting Lender shall immediately be reduced to zero.
(c) The Facility Agent shall as soon as practicable after receipt of a notice referred to in paragraph (a) above, notify all the Lenders.
Appears in 2 contracts
Sources: Unsecured NGN Term Facility Agreement (IHS Holding LTD), Unsecured NGN Revolving Credit Facility Agreement (IHS Holding LTD)
Right of cancellation in relation to a Defaulting Lender. (a) If any Lender becomes a Defaulting Lender, the Company may, at any time whilst the Lender continues to be a Defaulting Lender, give the Facility Agent five three Business Days’ notice of cancellation of each Available Commitment of that Lender.
(b) On the notice referred to in paragraph (a) above becoming effective, each Available Commitment of the Defaulting Lender shall be immediately be reduced to zero.
(c) The Facility Agent shall as soon as practicable after receipt of a notice referred to in paragraph (a) above, notify all the Lenders.
Appears in 1 contract
Right of cancellation in relation to a Defaulting Lender. (a) If any Lender becomes a Defaulting Lender, the Company Parent may, at any time whilst the Lender continues to be a Defaulting Lender, give the Facility Agent five Business Days’ notice of cancellation of each Available Commitment of that Lender.
(b) On the notice referred to in paragraph (a) above becoming effective, each Available Commitment of the Defaulting Lender shall immediately be reduced to zero.
(c) The Facility Agent shall shall, as soon as practicable after receipt of a notice referred to in paragraph (a) above, notify all the Lenders.
Appears in 1 contract
Sources: Super Senior Revolving Facility Agreement (Orion Engineered Carbons S.a r.l.)
Right of cancellation in relation to a Defaulting Lender. (a) If any Lender becomes a Defaulting Lender, the Company Borrower may, at any time whilst the Lender continues to be a Defaulting Lender, give the Facility Agent five Business Days’ notice of cancellation of each the Available Commitment of that Lender.
(b) On the notice referred to in paragraph (a) above becoming effective, each the Available Commitment of the Defaulting Lender shall immediately be reduced to zero.
(c) The Facility Agent shall shall, as soon as practicable after receipt of a notice referred to in paragraph (a) above, notify all the Lenders.
Appears in 1 contract
Right of cancellation in relation to a Defaulting Lender. (a) If any Lender becomes a Defaulting Lender, the Company Borrowers may, at any time whilst the Lender that ▇▇▇▇▇▇ continues to be a Defaulting Lender, give the Facility Agent five 5 Business Days’ ' notice of cancellation of each Available the undrawn Commitment of that Lender.
(b) On the notice referred to in paragraph (a) above becoming effective, each Available the undrawn Commitment of the Defaulting Lender shall immediately be reduced to zero.
(c) The Facility Agent shall as soon as practicable after receipt of a notice referred to in paragraph (a) above, notify all the Lenders.
Appears in 1 contract
Right of cancellation in relation to a Defaulting Lender. (a) If any Lender becomes a Defaulting Lender, the Company Borrower may, at any time whilst the Lender continues to be a Defaulting Lender, give the Facility Agent five 5 Business Days’ ' notice of cancellation of each the Available Commitment of that Lender.
(b) On the notice referred to in paragraph (a) above becoming effective, each the Available Commitment of the Defaulting Lender shall immediately be reduced to zero.
(c) The Facility Agent shall as soon as practicable after receipt of a notice referred to in paragraph (a) above, notify all the Lenders.
Appears in 1 contract
Sources: Senior Secured Bridge Facility Agreement (Ugi Corp /Pa/)
Right of cancellation in relation to a Defaulting Lender. (a) If any Lender becomes a Defaulting Lender, the Company may, at any time whilst the Lender continues to be a Defaulting Lender, give the Facility Agent five 3 Business Days’ ' notice of cancellation of each Available Commitment of that Lender.
(b) On the notice referred to in paragraph (a) above becoming effective, each Available Commitment of the Defaulting Lender shall be immediately be reduced to zero.
(c) The Facility Agent shall as soon as practicable after receipt of a notice referred to in paragraph (a) above, notify all the Lenders.
Appears in 1 contract
Sources: Facilities Agreement
Right of cancellation in relation to a Defaulting Lender. (a) If any Lender becomes a Defaulting Lender, the Company Borrower may, at any time whilst the Lender continues to be a Defaulting Lender, give the Facility Agent five 5 Business Days’ notice of cancellation of each Available Commitment of that Lender.
(b) On the notice referred to in paragraph (a) above becoming effective, each Available Commitment of the Defaulting Lender shall immediately be reduced to zero.
(c) The Facility Agent shall as soon as practicable after receipt of a notice referred to in paragraph (a) above, notify all the Lenders.
Appears in 1 contract
Right of cancellation in relation to a Defaulting Lender. (a) If any Lender becomes a Defaulting Lender, the Company Borrowers may, at any time whilst the Lender continues to be a Defaulting Lender, give the Facility Agent five thirty (30) Business Days’ notice of cancellation of each Available Commitment of that Lender.
(b) On the notice referred to in paragraph (a) above becoming effective, each Available Commitment of the Defaulting Lender shall immediately be reduced to zero.zero (0).
(c) The Facility Agent shall as soon as practicable after receipt of a notice referred to in paragraph (a) above, notify all the Lenders.
Appears in 1 contract
Sources: Term Loan Facility Agreement (KNOT Offshore Partners LP)
Right of cancellation in relation to a Defaulting Lender. (a) If any Lender becomes a Defaulting Lender, the Company Borrower may, at any time whilst the Lender continues to be a Defaulting Lender, give the Facility Agent five 3 Business Days’ ' notice of cancellation of each Available Commitment of that Lender.
(b) On the notice referred to in paragraph (a) above becoming effective, each Available Commitment of the Defaulting Lender shall be immediately be reduced to zero.
(c) The Facility Agent shall as soon as practicable after receipt of a notice referred to in paragraph (a) above, notify all the Lenders.
Appears in 1 contract
Sources: Senior Term Facilities Agreement (CorpAcq Group PLC)
Right of cancellation in relation to a Defaulting Lender. (a) If any Lender becomes a Defaulting Lender, the Company Borrower may, at any time whilst the Lender continues to be a Defaulting Lender, give the Facility Agent five Business Days’ ' notice of cancellation of each Available Commitment of that Lender.
(b) On the notice referred to in paragraph (a) above becoming effective, each Available Commitment of the Defaulting Lender shall be immediately be reduced to zero.. LRXM/076001.00588/92345437.6Page 41
(c) The Facility Agent shall as soon as practicable after receipt of a notice referred to in paragraph (a) above, notify all the Lenders.
Appears in 1 contract
Sources: Usd 75,000,000 Single Currency Revolving Facility Agreement (StoneX Group Inc.)
Right of cancellation in relation to a Defaulting Lender. (a) If any Lender becomes a Defaulting Lender, the Company Borrower may, at any time whilst the Lender continues to be a Defaulting Lender, give the Facility Agent five Business Days’ ' notice of cancellation of each Available Commitment of that Lender.
(b) On the notice referred to in paragraph (a) above becoming effective, each Available Commitment of the Defaulting Lender shall be immediately be reduced to zero.
(c) The Facility Agent shall as soon as practicable after receipt of a notice referred to in paragraph (a) above, notify all the Lenders.
Appears in 1 contract
Right of cancellation in relation to a Defaulting Lender. (a) If any Lender becomes a Defaulting Lender, the Company may, at any time whilst the Lender continues to be a Defaulting Lender, give the Facility Agent five ten Business Days’ notice of cancellation of each Available Commitment of that Lender.
(b) On the notice referred to in paragraph (a) above becoming effective, each Available Commitment of the Defaulting Lender shall immediately be reduced to zero.
(c) The Facility Agent shall as soon as practicable after receipt of a notice referred to in paragraph (a) above, notify all the Lenders.
Appears in 1 contract
Right of cancellation in relation to a Defaulting Lender. (a) If any Lender becomes a Defaulting Lender, the Company Borrower may, at any time whilst the Lender continues to be a Defaulting Lender, give the Facility Agent five Business Days’ ' notice of cancellation of each Available Commitment of that Lender.
(b) . On the notice referred to in paragraph (a) above becoming effective, each Available Commitment of the Defaulting Lender shall immediately be reduced to zero.
(c) . The Facility Agent shall as soon as practicable after receipt of a notice referred to in paragraph (a) above, notify all the Lenders.
Appears in 1 contract
Sources: Facility Agreement
Right of cancellation in relation to a Defaulting Lender. (a) If any Lender becomes a Defaulting Lender, the Company Borrower may, at any time whilst the Lender continues to be a Defaulting Lender, give the Facility Agent five ten (10) Business Days’ notice of cancellation of each Available Commitment of that Lender.
(b) On the notice referred to in paragraph (a) above becoming effective, each Available Commitment of the Defaulting Lender shall immediately be reduced to zero.
(c) The Facility Agent shall as soon as practicable after receipt of a notice referred to in paragraph (a) above, notify all the Lenders.
Appears in 1 contract
Sources: Facility Agreement
Right of cancellation in relation to a Defaulting Lender. (a) If any Lender becomes a Defaulting Lender, the Company Parent may, at any time whilst the Lender continues to be a Defaulting Lender, give the Facility Agent five Business Days’ notice of cancellation of each the Available Commitment of that Lender.
(b) On the notice referred to in paragraph (a) above becoming effective, each the Available Commitment of the Defaulting Lender shall immediately be reduced to zero.
(c) The Facility Agent shall as soon as practicable after receipt of a notice referred to in paragraph (a) above, notify all the Lenders.
Appears in 1 contract
Right of cancellation in relation to a Defaulting Lender. (a) If any Lender becomes a Defaulting Lender, the Company Parent may, at any time whilst the Lender continues to be a Defaulting Lender, give the Facility Agent five (5) Business Days’ notice of cancellation of each Available Commitment of that Lender.
(b) On the notice referred to in paragraph (a) above becoming effective, each Available Commitment of the Defaulting Lender shall immediately be reduced to zero.
(c) The Facility Agent shall as soon as practicable after receipt of a notice referred to in paragraph (a) above, notify all the Lenders.. Table of Contents
Appears in 1 contract
Right of cancellation in relation to a Defaulting Lender. (a) If any Lender becomes a Defaulting Lender, the Company Borrower may, at any time whilst the Lender continues to be a Defaulting Lender, give the Facility Agent five (5) Business Days’ notice of cancellation of each Available Commitment of that Lender.
(b) On the notice referred to in paragraph (a) above becoming effective, each Available Commitment of the Defaulting Lender shall immediately be reduced to zero.
(c) The Facility Agent shall as soon as practicable after receipt of a notice referred to in paragraph (a) above, notify all the Lenders.
Appears in 1 contract
Right of cancellation in relation to a Defaulting Lender. (a) If any Lender becomes a Defaulting Lender, the Company may, at any time whilst the Lender continues to be a Defaulting Lender, give the Facility Agent five Business Days’ ' notice of cancellation of each Available the unutilised Commitment of that Lender.
(b) On the notice referred to in paragraph (a) above becoming effective, each Available the unutilised Commitment of the Defaulting Lender shall immediately be reduced to zero.
(c) The Facility Agent shall notify all the Lenders as soon as practicable after receipt of a notice referred to in paragraph (a) above, notify all the Lenders.
Appears in 1 contract
Sources: Revolving Credit Facility Agreement (MGM Resorts International)