Common use of Cancellation of Commitment Clause in Contracts

Cancellation of Commitment. The amount of the Total Commitment shall be immediately cancelled on the earlier of (a) immediately after the first Utilisation, and (b) at the end of the Availability Period.

Appears in 4 contracts

Samples: Facility Agreement (Zhongpin Inc.), Facility Agreement (Fushi Copperweld, Inc.), Facility Agreement (China TransInfo Technology Corp.)

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Cancellation of Commitment. The amount of the Total Commitment shall be immediately cancelled on the earlier of (a) immediately after the first Utilisation, ; and (b) at the end of the Availability Period.

Appears in 2 contracts

Samples: Facility Agreement (China Security & Surveillance Technology, Inc.), Facility Agreement (China Security & Surveillance Technology, Inc.)

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Cancellation of Commitment. The amount unused portion of the Total each Lender’s Commitment shall be immediately cancelled on at the earlier of (a) immediately after the first Utilisation, Utilisation Date and (b) at the end of the Availability PeriodPeriod for the Facility.

Appears in 1 contract

Samples: Facility Agreement (CTC Media, Inc.)

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