Common use of Cancellation of Commitment Clause in Contracts

Cancellation of Commitment. The Commitment in respect of any Tranche which is unutilised at the end of the Availability Period for such Tranche shall then be cancelled.

Appears in 3 contracts

Samples: Facility Agreement (Seanergy Maritime Holdings Corp.), Management Agreement (Diana Shipping Inc.), Facility Agreement (Seanergy Maritime Holdings Corp.)

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Cancellation of Commitment. The Commitment in respect of any Tranche which is Commitments which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for provided that the Tranche B Commitment with respect to each Approved Currency shall be cancelled following the expiry of the Availability Period of the Tranche A Facility if the Tranche A Facility has not been drawn in full by such Tranche shall then be cancelledtime.

Appears in 2 contracts

Samples: Syndicated Facility Agreement (Equinix Inc), Facility Agreement (Equinix Inc)

Cancellation of Commitment. The Commitment Commitments in respect of any a Tranche which is which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for in respect of such Tranche shall then be cancelledTranche.

Appears in 1 contract

Samples: Revolving Credit Facility Agreement (Karooooo Ltd.)

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Cancellation of Commitment. The Commitment in respect of any Tranche which is unutilised at the end of the Availability Period for such Tranche shall then be cancelled.

Appears in 1 contract

Samples: Facility Agreement (Castor Maritime Inc.)

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