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 Agent three Business Days’ notice of cancellation of each Available Commitment of that Lender.

Appears in 5 contracts

Samples: Senior Facilities Agreement (OpSec Holdings), Facility Agreement (Amc Entertainment Holdings, Inc.), Agreement (Misys PLC)

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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 three 3 Business Days’ notice of cancellation of each Available Commitment of that Lender.

Appears in 2 contracts

Samples: Facilities Agreement (Liberty Global PLC), Restatement Agreement (Liberty Global PLC)

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

Appears in 2 contracts

Samples: Credit Agreement (1295728 Alberta ULC), Intercreditor Agreement (1295728 Alberta ULC)

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 Agent three 3 Business Days' notice of cancellation of each Available Commitment of that Lender.

Appears in 1 contract

Samples: mcsaatchiplc.com

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 while such Xxxxxx continues to be a Defaulting Lender, give the Agent three (3) Business Days’ notice of cancellation of each Available the undrawn Commitment of that Lender.Xxxxxx;

Appears in 1 contract

Samples: Loan Agreement (Dorian LPG 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 while such Lender continues to be a Defaulting Lender, give the Agent three (3) Business Days’ notice of cancellation of each Available the undrawn Commitment of that Lender.;

Appears in 1 contract

Samples: Loan Agreement (Dorian LPG 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 Agent three 3 Business Days' notice of cancellation of each Available Commitment of that Lender.

Appears in 1 contract

Samples: Intercreditor Agreement (CorpAcq Group PLC)

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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 Agent three Business Days’ notice of cancellation of the Available Commitments in relation to each Available Commitment Facility of that Lender.

Appears in 1 contract

Samples: Intercreditor Agreement (Manchester United PLC)

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 Agent three Business Days’ notice of cancellation of each Available Commitment of that Lender.

Appears in 1 contract

Samples: Senior Term Facilities Agreement (NeoGames S.A.)

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 three 3 Business Days’ notice of cancellation of each Available Commitment of that Lender.. 61 63140965_9

Appears in 1 contract

Samples: And Restatement Agreement (Liberty Global PLC)

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