Common use of Right of cancellation in relation to a Defaulting Lender Clause in Contracts

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.

Appears in 7 contracts

Samples: Credit Agreement (IHS Holding LTD), Facility Agreement (IHS Holding LTD), Bridge Facility Agreement (Coca-Cola HBC AG)

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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.

Appears in 5 contracts

Samples: Assignment Agreement (Gold Fields LTD), Assignment Agreement (Gold Fields LTD), Assignment 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 5 Business Days’ notice of cancellation of each Available undrawn Commitment of that Lender.

Appears in 5 contracts

Samples: Agreement (Amec PLC), Agreement (Amec PLC), Agreement (Amec 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 Business Days’ notice of cancellation of each Available the unutilised Commitment of that Lender.

Appears in 4 contracts

Samples: Credit Facility Agreement (MGM Resorts International), Credit Facility Agreement (MGM Resorts International), Credit Agreement (MGM Resorts International)

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.

Appears in 3 contracts

Samples: Intercreditor Agreement (WuXi PharmaTech (Cayman) Inc.), Intercreditor Agreement (WuXi PharmaTech (Cayman) Inc.), Facility Agreement (Randgold Resources LTD)

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.

Appears in 2 contracts

Samples: 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 Business Days' notice of cancellation of each Available Commitment of that Lender.

Appears in 2 contracts

Samples: Assignment Agreement (StoneX Group Inc.), Facility Agreement (StoneX 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.

Appears in 2 contracts

Samples: Agreement, 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 5 Business Days’ notice of cancellation of each Available Commitment of that Lender.

Appears in 2 contracts

Samples: And Restatement Agreement (Melco Crown Entertainment LTD), Restatement Agreement (Melco Crown Entertainment LTD)

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.

Appears in 2 contracts

Samples: 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 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.

Appears in 2 contracts

Samples: Facility Agreement (Orion Engineered Carbons S.a r.l.), Management Agreement (Sunrise Senior Living 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 no less than 5 Business Days’ Days notice of cancellation of each Available undrawn Commitment of that Lender.

Appears in 2 contracts

Samples: Credit Agreement (Sara Lee Corp), Agreement (D.E Master Blenders 1753 B.V.)

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.

Appears in 2 contracts

Samples: 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 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.

Appears in 2 contracts

Samples: Agreement (Alliance Data Systems Corp), Facilities Agreement (Genesco 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.;

Appears in 2 contracts

Samples: Loan Agreement (Capital Product Partners L.P.), Loan Agreement (Capital Product Partners L.P.)

Right of cancellation in relation to a Defaulting Lender. (aA) 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.

Appears in 2 contracts

Samples: Facilities Agreement (Rentokil Initial PLC /Fi), Facilities Agreement (Rentokil Initial PLC /Fi)

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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, Lender give the Facility Agent five (5) Business Days' notice of cancellation of each the Available Commitment of that Lender.

Appears in 1 contract

Samples: Facility Agreement (Hoegh LNG 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 5 Business Days’ notice of cancellation of each Available Commitment of that Lender.

Appears in 1 contract

Samples: Facilities Agreement (Melco Crown Entertainment LTD)

Right of cancellation in relation to a Defaulting Lender. (a) 10.4.1 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 5 (five) Business Days' notice of cancellation of each Available Commitment of that Defaulting Lender.

Appears in 1 contract

Samples: Common Terms Agreement (Harmony Gold Mining Co LTD)

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.

Appears in 1 contract

Samples: Facility Agreement (First Solar, 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 5 Business Days' notice of cancellation of each the Available Commitment of that Lender.

Appears in 1 contract

Samples: Intercreditor Agreement (Ugi Corp /Pa/)

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 LenderLender in respect of each Facility.

Appears in 1 contract

Samples: Facilities Agreement (RISE Education Cayman LTD)

Right of cancellation in relation to a Defaulting Lender. (a) If any Lender Bank becomes a Defaulting Lender, the Company Parent may, at any time whilst the Lender Bank continues to be a Defaulting Lender, give the Facility Agent five 5 Business Days’ notice of cancellation of each Available Commitment of that LenderBank.

Appears in 1 contract

Samples: Multicurrency Revolving Credit and Guarantee (Subsea 7 S.A.)

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.

Appears in 1 contract

Samples: Amendment and Restatement Agreement (Ferguson 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 Business Days’ notice of cancellation of each the Available Commitment of that Lender.

Appears in 1 contract

Samples: Facility Agreement (Coca-Cola HBC AG)

Right of cancellation in relation to a Defaulting Lender. (a) 36.8.1 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.

Appears in 1 contract

Samples: Revolving Credit Facility Agreement (Sibanye Stillwater LTD)

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