Common use of SPECIAL CASE OF REVOCABLE FACILITY LIMIT REVOCABILITY Clause in Contracts

SPECIAL CASE OF REVOCABLE FACILITY LIMIT REVOCABILITY. 8.1 The Bank is entitled, at any time throughout the duration of the revocable Facility Limit mentioned as such in the Credit Facility Agreement or of the Credit Facility utilised based on the Facility Limit, irrespective of the occurrence of any Event of Default and without any prior formalities, to diminish or cancel the Facility Limit or to accelerate the Credit Facility. The Bank shall notify the Borrower subsequently, however on the same calendar day when the measure is taken, and the Borrower shall have a 15 (fifteen) day period, except for the case where the Bank grants a longer period according to the notice, to repay any amounts dueto the Bank under the Financing Documents.

SPECIAL CASE OF REVOCABLE FACILITY LIMIT REVOCABILITY. 8.1 The Bank is entitled, at any time throughout the duration of the revocable Facility Limit mentioned as such in the Credit Facility Agreement or of the Credit Facility utilised based on the Facility Limit, irrespective of the occurrence of any Event of Default and without any prior formalities, to diminish or cancel the Facility Limit or to accelerate the Credit Facility. The Bank shall notify the Borrower subsequently, however on the same calendar day when the measure is taken, and the Borrower shall have a 15 (fifteen) day period, except for the case where the Bank grants a longer period according to the notice, to repay any amounts dueto due to the Bank under the Financing Documents.