Common use of Optional Commitment Reductions Clause in Contracts

Optional Commitment Reductions. The Borrower shall have the right, upon at least [__________]* days’ prior irrevocable notice to the Administrative Agent, to terminate in whole or reduce in part the unused portion of the Commitments; provided that each partial reduction of such Commitments of each Class shall be in the minimum aggregate amount of $ [__________]*and in integral multiples of [__________]*in excess thereof (or such lesser amount as may then be remaining). Each partial reduction of Commitments shall be applied ratably among the Lenders in accordance with their Pro Rata Term Shares or Pro Rata Incremental Term Shares, as applicable.