Common use of Voluntary cancellation Clause in Contracts

Voluntary cancellation. 7.8.1 The Borrower may, by giving the Facility Agent not less than 10 Business Days' prior notice (or such shorter period as the Facility Agent may agree) cancel an Available Facility, in whole or in part. A partial cancellation of any of an Available Facility must be in a minimum amount of R25,000,000. 7.8.2 Any partial cancellation of an Available Facility under this Clause must be applied against the Commitment of each Lender under the relevant Senior Facility pro rata.

Appears in 4 contracts

Sources: Common Terms Agreement (Net 1 Ueps Technologies Inc), Common Terms Agreement (Net 1 Ueps Technologies Inc), Common Terms Agreement (Net 1 Ueps Technologies Inc)

Voluntary cancellation. 7.8.1 (a) The Borrower maymay at any time prior to the Availability Date, by giving if it gives the Facility Agent not less than 10 Business Days' 30 days’ prior notice (or such shorter period as notice, cancel the Facility Agent may agree) cancel an Available Facility, in whole or any part of the Available Facility (but, if in part. A partial cancellation of any of an Available Facility must be in , being a minimum amount of R25,000,000US$5,000,000 and in integral multiples of US$500,000) without penalty. 7.8.2 (b) Any partial cancellation of an Available Facility under this Clause must be applied against 7.2 shall reduce the Commitment Commitments of each Lender under the relevant Senior Facility pro rataLenders rateably.

Appears in 2 contracts

Sources: Facility Agreement (PT Indosat TBK), Facility Agreement (PT Indosat TBK)

Voluntary cancellation. 7.8.1 (a) The Borrower Company may, by giving if it gives the Facility Agent not less than 10 five Business Days' prior notice (or such shorter period as the Facility Agent Majority Lenders may agree) notice, cancel an the whole or any part of the Available Facility, in whole or in part. A partial . (b) Partial cancellation of any of an the Available Facility under this Clause 7.5 must be in a minimum amount of R25,000,000USD 10,000,000. 7.8.2 (c) Any partial cancellation of an Available Facility in part under this Clause must be applied against 7.5 will reduce the Commitment of each Lender under the relevant Senior Facility pro rata.

Appears in 2 contracts

Sources: Facility Agreement (IHS Holding LTD), Facility Agreement (IHS Holding LTD)

Voluntary cancellation. 7.8.1 10.6.1 The Borrower may, by giving the Facility Agent not less than 10 Business Days' prior notice (or such shorter period as the Facility Agent may agree) cancel an Available Facility, in whole or in part. A partial cancellation of any of an Available Facility must be in a minimum amount of R25,000,000. 7.8.2 10.6.2 Any partial cancellation of an Available Facility under this Clause must be applied against the Commitment of each Lender under the relevant Senior Facility pro rata.

Appears in 2 contracts

Sources: Common Terms Agreement (Net 1 Ueps Technologies Inc), Common Terms Agreement (Net 1 Ueps Technologies Inc)

Voluntary cancellation. 7.8.1 7.6.1 The Borrower may, by giving the Facility Agent not less than 10 Business Days' prior notice (or such shorter period as the Facility Agent may agree) cancel an Available Facility, in whole or in part. A partial cancellation of any of an Available Facility must be in a minimum amount of R25,000,000ZAR20,000,000. 7.8.2 7.6.2 Any partial cancellation of an Available Facility under this Clause must be applied against the Commitment of each Lender under the relevant Senior Facility pro rata.

Appears in 2 contracts

Sources: Senior Facility Agreement (Lesaka Technologies Inc), Common Terms Agreement (Net 1 Ueps Technologies Inc)

Voluntary cancellation. 7.8.1 (a) The Borrower Company may, by giving if it gives the Facility Agent not less than 10 five Business Days' prior notice (or such shorter period as the Facility Agent Majority Lenders may agree) notice, cancel an the whole or any part of the Available Facility, in whole or in part. A partial . (b) Partial cancellation of any of an the Available Facility under this Clause 7.5 must be in a minimum amount of R25,000,000USD10,000,000. 7.8.2 (c) Any partial cancellation of an Available Facility in part under this Clause must be applied against 7.5 will reduce the Commitment of each Lender under the relevant Senior Facility pro rata.

Appears in 1 contract

Sources: Facility Agreement (IHS Holding LTD)

Voluntary cancellation. 7.8.1 The 7.2.1 A Borrower may, by giving if it gives the Facility Agent not less than 10 five Business Days' prior notice (or such shorter period as the Facility Agent Lenders may agree) prior notice, cancel an Available Facility, in the whole or in part. A partial cancellation of any of an Available Facility must be in part (being a minimum amount of R25,000,000. 7.8.2 Any partial cancellation ZAR20,000,000 and in integral multiples of ZAR5,000,000) of an Available Facility Facility. Any cancellation under this Clause must 7.2 shall reduce the Commitments of the Lenders rateably under that Facility. 7.2.2 A GBF Facility may be applied against cancelled as provided in the Commitment of each Lender under the relevant Senior Facility pro rataGBF Documents.

Appears in 1 contract

Sources: Facilities Agreement (Lesaka Technologies Inc)

Voluntary cancellation. 7.8.1 (a) The Borrower may, by giving if it gives the Facility Agent not less than 10 three Business Days' prior notice (or such shorter period as the Facility Agent Majority Lenders may agree) prior notice, cancel an Available Facility, in the whole or in part. A partial cancellation of any of an Available Facility must be in part (being a minimum amount of R25,000,000U.S.$1,000,000 and an integral multiple of U.S.$500,000) of the Available Facility in relation to a Term Facility. 7.8.2 (b) Any partial cancellation of an Available Facility under this Clause must be applied against 7.2 in respect of any Term Facility shall reduce the Commitment Commitments of each Lender the Lenders rateably under the relevant Senior Facility pro ratasuch Term Facility.

Appears in 1 contract

Sources: Deed of Amendment Agreement (RISE Education Cayman LTD)

Voluntary cancellation. 7.8.1 (a) The Borrower Company may, by giving if it gives the Facility Agent not less than 10 five Business Days' prior notice (or in such shorter period as the Facility Agent Majority Lenders may agree) notice, cancel an the whole or any part of the Available Facility, in whole or in part. A partial (Signature page to the Amendment and Restatement Agreement) ​ (b) Partial cancellation of any of an the Available Facility under this Clause 12.5 must be in a minimum amount of R25,000,000USD10,000,000. 7.8.2 (c) Any partial cancellation of an Available Facility in part under this Clause must be applied against 12.5 will reduce the Commitment of each Lender under the relevant Senior Facility pro rata.

Appears in 1 contract

Sources: Amendment and Restatement Agreement (IHS Holding LTD)

Voluntary cancellation. 7.8.1 The Borrower may, by giving if it gives the Facility Agent not less than 10 fifteen (15) Business Days' prior notice notice, cancel the whole or any part (or such shorter period as being a minimum amount of US$10,000,000) of the Available Facility Agent for a Facility provided Facility A may agree) cancel an Available Facility, not be cancelled in whole or in part. A partial part prior to the cancellation in full of any of an Available Facility must be in a minimum amount of R25,000,000. 7.8.2 B. Any partial cancellation of an Available Facility such reduction under this Clause must be applied against 7.3 shall reduce the Commitment Commitments of each Lender the Lenders rateably under the relevant Senior Facility pro ratathat Facility.

Appears in 1 contract

Sources: Facilities Agreement (3SBio Inc.)