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 Borrower may, at any time whilst the Lender continues to be a Defaulting Lender, give the Facility Agent 10 Business Days’ notice of cancellation of each undrawn Commitment of that Lender. (b) On the notice referred to in paragraph (a) above becoming effective, each 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.

Right of cancellation in relation to a Defaulting Lender. (a) If any Lender under the Revolving Facility becomes a Defaulting Lender, the Borrower Parent may, at any time whilst the Lender continues to be a Defaulting Lender, give the Facility Administrative Agent 10 three Business Days’ notice of cancellation of each undrawn Available Commitment of that Lender. (b) On the notice referred to in paragraph (a) above becoming effective, each undrawn Available Commitment of the Defaulting Lender shall immediately be reduced to zero. (c) The Facility Administrative Agent shall as soon as practicable after receipt of a notice referred to in paragraph (a) above, notify all the Lenders.

Right of cancellation in relation to a Defaulting Lender. (ai) If any Lender under the Revolving Facility becomes a Defaulting Lender, the U.S. Borrower may, at any time whilst the Lender continues to be a Defaulting Lender, give the Facility Administrative Agent 10 three Business Days’ notice of cancellation of each undrawn Available Commitment of that Lender. (bii) On the notice referred to in paragraph (ai) above becoming effective, each undrawn Available Commitment of the Defaulting Lender shall immediately be reduced to zero. (ciii) The Facility Administrative Agent shall as soon as practicable after receipt of a notice referred to in paragraph (ai) above, notify all the Lenders.

Right of cancellation in relation to a Defaulting Lender. (a) If any Lender becomes a Defaulting Lender, the Borrower Company may, at any time whilst the Lender continues to be a Defaulting Lender, give the Facility Agent 10 three Business Days’ notice of cancellation of the Available Commitments in relation to each undrawn Commitment Facility of that Lender. (b) On the notice referred to in paragraph (a) above becoming effective, the Available Commitments in relation to each undrawn Commitment Facility 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.

Right of cancellation in relation to a Defaulting Lender. (a) If any Lender becomes a Defaulting Lender, the Borrower Parent may, at any time whilst the Lender continues to be a Defaulting Lender, give the Facility Agent 10 three Business Days’ notice of cancellation of each undrawn Available Commitment of that Lender. (b) On the notice referred to in paragraph (a) above becoming effective, each undrawn 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.

Right of cancellation in relation to a Defaulting Lender. (a) If any Lender becomes a Defaulting Lender, the Borrower Company may, at any time whilst the Lender continues to be a Defaulting Lender, give the Facility Agent 10 3 Business Days’ notice of cancellation of each undrawn Available Commitment of that Lender.. 63140965_9 (b) On the notice referred to in paragraph (a) above becoming effective, each undrawn 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.

Right of cancellation in relation to a Defaulting Lender. (a) If any Lender becomes a Defaulting Lender, the Borrower Company may, at any time whilst the Lender continues to be a Defaulting Lender, give the Facility Agent 10 three Business Days’ notice of cancellation of each undrawn Available Commitment of that Lender. (b) On receipt of the notice referred to in paragraph (a) above becoming effective, each undrawn 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.

Right of cancellation in relation to a Defaulting Lender. 64 63529049_1 (a) If any Lender becomes a Defaulting Lender, the Borrower Company may, at any time whilst the Lender continues to be a Defaulting Lender, give the Facility Agent 10 3 Business Days’ notice of cancellation of each undrawn Available Commitment of that Lender. (b) On the notice referred to in paragraph (a) above becoming effective, each undrawn 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.