Common use of Optional Reduction of Commitments Clause in Contracts

Optional Reduction of Commitments. Each of the Borrowers may at any time, on three Business Days’ notice to the Agent or the US Agent (as applicable) by way of a Notice of Repayment or Cancellation, permanently reduce the unused portions of the Commitments of the Lenders under the applicable Credit Facility, rateably among such Lenders, without penalty, bonus or premium. Each partial reduction shall be not less than an aggregate of US$10,000,000 and in integral multiples of US$1,000,000.