Right of cancellation in relation to a Defaulting Lender. (a) If any Lender becomes a Defaulting Lender, the Obligors’ Agent may, at any time whilst the Lender continues to be a Defaulting Lender, give the Agent ten Business Days’ notice of cancellation of each Available Commitment of that Lender.
Appears in 3 contracts
Samples: Facility Agreement (InterXion Holding N.V.), Intercreditor 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 Obligors’ Agent Company may, at any time whilst the Lender continues to be a Defaulting Lender, give the Agent ten 10 Business Days’ notice of cancellation of each Available Commitment of that Lender.
Appears in 3 contracts
Samples: Facilities Agreement (Luxfer Holdings PLC), Facilities Agreement (Luxfer Holdings PLC), Senior Facilities Agreement (Luxfer Holdings PLC)
Right of cancellation in relation to a Defaulting Lender. (a) If any Lender becomes a Defaulting Lender, the Obligors’ Agent Borrower may, at any time whilst the Lender continues to be a Defaulting Lender, give the Facility Agent ten 10 Business Days’ notice of cancellation of each Available undrawn Commitment of that Lender.
Appears in 2 contracts
Samples: Facility Agreement (Mechel OAO), Agreement (Mechel OAO)
Right of cancellation in relation to a Defaulting Lender. (a) If any Lender becomes a Defaulting Lender, the Obligors’ Agent Borrower may, at any time whilst the Lender continues to be a Defaulting Lender, give the Agent ten 10 Business Days’ ' notice of cancellation of each Available Commitment of that Lender.
Appears in 2 contracts
Samples: 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 Obligors’ Agent Company may, at any time whilst the Lender continues to be a Defaulting Lender, give the Facility Agent ten Business Days’ notice of cancellation of each the Available Commitment of that Lender.
Appears in 2 contracts
Samples: Agreement (Smith & Nephew PLC), Agreement (Smith & Nephew PLC)
Right of cancellation in relation to a Defaulting Lender. (a) If any Lender becomes a Defaulting Lender, the Obligors’ Agent Company may, at any time whilst the Lender continues to be a Defaulting Lender, give the Agent ten 2 Business Days’ ' notice of cancellation of each Available Commitment of that Lender.
Appears in 2 contracts
Samples: Term Facility Agreement, Facilities Agreement (Syngenta Ag)
Right of cancellation in relation to a Defaulting Lender. (a) 12.8.1 If any Lender becomes a Defaulting Lender, the Obligors’ Agent Company may, at any time whilst the Lender continues to be a Defaulting Lender, give the Agent not less than ten (10) Business Days’ ' notice of cancellation of each Available Commitment of that Lender.
Appears in 1 contract
Samples: Credit Agreement (Axa Financial Inc)
Right of cancellation in relation to a Defaulting Lender. (a) If any Lender becomes a Defaulting Lender, the Obligors’ Agent Borrowers may, at any time whilst the Lender continues to be a Defaulting Lender, give the Agent ten thirty (30) Business Days’ notice of cancellation of each Available Commitment of that Lender.
Appears in 1 contract
Right of cancellation in relation to a Defaulting Lender. (a) 9.7.1 If any Lender becomes a Defaulting Lender, the Obligors’ Agent Borrower may, at any time whilst the Lender continues to be a Defaulting Lender, give the Facility Agent ten 10 Business Days’ ' notice of cancellation of each the Available Commitment of that Lender.
Appears in 1 contract
Samples: Borrowing Base Facility Agreement (Transglobe Energy Corp)
Right of cancellation in relation to a Defaulting Lender. (a) If any Lender becomes a Defaulting Lender, the Obligors’ Agent Borrower may, at any time whilst the Lender continues to be a Defaulting Lender, give the Agent ten (10) Business Days’ notice of cancellation of each Available Commitment of that Lender.
Appears in 1 contract
Samples: Facility Agreement
