Common use of Voluntary cancellation of Facility Clause in Contracts

Voluntary cancellation of Facility. 7.7.1 The Borrowers may, by giving the Facility Agent not less than five (5) days’ prior notice, cancel all or part of the Total Commitment (but if in part, in a minimum amount of USD 1,000,000 and an integral multiple of USD 1,000,000).

Appears in 5 contracts

Samples: Facilty Agreement (Pra Group Inc), Pra Group Inc, Pra Group Inc

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Voluntary cancellation of Facility. 7.7.1 7.8.1 The Borrowers may, by giving the Facility Agent not less than five (5) days’ prior notice, cancel all or part of the Total Commitment (but if in part, in a minimum amount of USD 1,000,000 and an integral multiple of USD 1,000,000)) however so that the Total Facility B Commitments cannot be cancelled before the Total Facility A Commitments have been cancelled in full.

Appears in 2 contracts

Samples: Fourth Amendment and Restatement Agreement (Pra Group Inc), Third Amendment and Restatement Agreement (Pra Group Inc)

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