Automatic Cancellation definition

Automatic Cancellation of the Tranche B Total Commitments The Tranche B Commitment of each Bank shall be automatically cancelled at the close of business in London on the Final Maturity Date.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Automatic Cancellation. If client has not paid balance in full by 5:00 p.m. 7 days before event date, said event is automatically classified as “cancelled”. Any payments made previously toward your order for this event are non-refundable. Client waives the right to seek damages from ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ and/or Stir Crazy Cakes, LLC for breach of contract for refund of any and all payments made toward this order or for non-performance due to Automatic Cancellation. Any payments made are non-transferrable to any other person, order, or date. Cancellations: 90 Days or More – Client must verbally inform ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ of cancellation and then submit written notification within 2 business days of verbal contact. Per terms of this contract, client will receive all money paid toward the event (less the retainer fee amount) within 7 days of receipt of written notice. The retainer is non-refundable. 89 Days or Less Before Event - If client chooses to cancel this contract 89 days or less, any payments made to your account for your event are non-refundable and non-transferable to another person, another order, event, or date. If client chooses to remain under contract but needs to change the date of this event, see "Changes in EVENT DATE" below.

Automatic Cancellation shall have the meaning ascribed to it in Section 1.02 of this Agreement.

Examples of Automatic Cancellation in a sentence

• The Facility shall be automatically cancelled by an amount of EUR 150,000,000 (a) upon notification by the Company of the occurrence of an Automatic Cancellation Event or (b) if the Merger has not taken place before by 30th October, 2008.

• The above Cancellation Fees also apply for all Automatic Cancellation if canceled before 3 month term.

• Each Borrower shall repay each Tranche C Advance made to it in full on its Maturity Date to the Agent for the relevant Lenders, but since Tranche C is available on a revolving basis amounts repaid may be reborrowed subject to the terms of this Agreement and, in particular, to Clause 7.1 (Automatic Cancellation of the Tranche A and Tranche C Total Commitments).

• In the event Licensee fails to return an executed License Agreement and License deposit by the Automatic Cancellation Date, the Mesa Arts Center reservations system will automatically delete Licensee’s reservation.

• If not specified otherwise, the Automatic Cancellation Date shall be thirty (30) days after the date this License Agreement is entered into as specified on the first page of this Agreement.

• Automatic Cancellation Any part of any Facility undrawn on the last day of the relevant Availability Period will be automatically cancelled.

More Definitions of Automatic Cancellation

Automatic Cancellation. OF THE TRANCHE B TOTAL COMMITMENTS The undrawn Tranche B Commitment of each Lender shall be automatically cancelled on the last day of the Tranche B Commitment Period.