Cancellation of Commitments. The Commitments in respect of any Tranche which are unutilised at the end of the Availability Period for such Tranche shall then be cancelled.
Cancellation of Commitments. The Commitments which are unutilised at the end of the Availability Period shall then be cancelled.
Cancellation of Commitments. The Borrowers may at any time during the relevant Drawdown Period(s) by notice to the Agent (effective only on actual receipt) cancel, with effect from a date not less than thirty (30) days after the receipt by the Agent of such notice, the whole or any part (being Five hundred thousand Dollars ($500,000) or any larger sum which is an integral multiple of Five hundred thousand Dollars ($500,000)) of the Total Commitment which is then available for drawing but has not then been borrowed or requested in a Drawdown Notice. Any such notice of cancellation, once given, shall be irrevocable, shall specify the Advance(s) and the amount thereof to be cancelled and upon such cancellation taking effect the Commitment of each Bank shall be reduced proportionately.
Cancellation of Commitments. On the expiry of the Availability Period the Available Facility and each Bank's Available Commitment shall be reduced to zero.
Cancellation of Commitments. The Commitments under a Facility which, at that time, are unutilised shall be immediately cancelled at the end of the Availability Period for that Facility.
Cancellation of Commitments. (a) The Commitments which are unutilized at the end of the Availability Period shall then be automatically cancelled.
Cancellation of Commitments. (a) Subject to Section 3.19(c), the Borrower may ratably cancel all or any part of (i) the Tranche A Construction Loan Commitments by written notice to the Tranche A Lenders, (ii) the Tranche B Construction Loan Commitments by written notice to the Tranche B Lenders or (iii) (after the Term Conversion Date) the Revolving Loan Commitments by written notice to the Revolving Lenders. NEWYORK 8115155 (2K) 19
Cancellation of Commitments. The Total Available Commitments shall be immediately cancelled at the end of the Availability Period.
Cancellation of Commitments. Upon the occurrence of an Event of Default described in Section 17.1.10, the Commitments shall be deemed canceled without presentment, demand or notice of any kind. Upon any other Event of Default, and at any time thereafter, Lender may cancel the Commitments. Such cancellation may be without demand or notice of any kind, which Borrower expressly waives.
Cancellation of Commitments. The Parent may at any time during the Availability Period by notice to the Agent (effective only on actual receipt) cancel with effect from a date not less than 3 Banking Days after the receipt by the Agent of such notice the whole or any part (being NLG 10,000,000 or any larger sum which is an integral multiple of NLG 10,000,000) of the Total Commitments. Any such notice of cancellation, once given, shall be irrevocable and upon such cancellation taking effect the Commitment of each Bank shall be reduced proportionately.
