Common use of Optional Ratable Termination or Reduction Clause in Contracts

Optional Ratable Termination or Reduction. The Company shall have the right, upon at least three Business Days’ notice to the Agent, to terminate in whole or reduce ratably in part the respective Unused Revolving Credit Commitments of the Revolving Credit Lenders, the Unused Canadian Prime Rate Commitments of the Canadian Prime Rate Lenders, the Unissued Canadian Letter of Credit Commitments or the Unissued Revolving Letter of Credit Commitments; provided that each partial reduction (i) shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof and (ii) shall be made ratably among the Appropriate Lenders in accordance with their Commitments with respect to such Facility.

Optional Ratable Termination or Reduction. The Company shall have the right, upon at least three Business Days’ ' notice to the Agent, to terminate in whole or reduce ratably in part the respective Unused Revolving Credit Commitments of the Revolving Credit Lenders, the Unused Canadian Prime Rate Commitments of the Canadian Prime Rate Lenders, the Unissued Canadian Letter of Credit Commitments or the Unissued Revolving Letter of Credit Commitments; provided that each partial reduction (i) shall be in the aggregate amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof and (ii) shall be made ratably among the Appropriate Lenders in accordance with their Commitments with respect to such Facility.