Common use of Optional Reduction of Commitments Clause in Contracts

Optional Reduction of Commitments. The Operating Borrower or the Acquisition Borrower may at any time, on three Business Days’ notice to the Administration Agent by way of a Notice of Repayment or Cancellation, permanently reduce the unused portions of the Commitments of the Lenders in respect of the Operating Facility and the Acquisition Facility, respectively, rateably between or among the Lenders, without penalty, bonus or premium. Each partial reduction shall be not less than an aggregate of Cdn.$5,000,000 and in integral multiples of Cdn.$1,000,000.

Optional Reduction of Commitments. The Operating Borrower Borrowers or the Acquisition Borrower may at any time, on three Business Days’ notice to the Administration Agent by way of a Notice of Repayment or Cancellation, permanently reduce the unused portions of the Commitments of the Lenders in respect of the Operating Facility and the Acquisition Facility, respectively, rateably between or among the Lenders, without penalty, bonus or premium. Each partial reduction shall be not less than an aggregate of Cdn.$5,000,000 and in integral multiples of Cdn.$1,000,000.

Optional Reduction of Commitments. The Operating Borrower or the Acquisition Borrower may at any time, on three Business Days’ ' notice to the Administration Agent by way of a Notice of Repayment or Cancellation, permanently reduce the unused portions of the Commitments of the Lenders in respect of the Operating Facility and the Acquisition Facility, respectively, rateably between or among the Lenders, without penalty, bonus or premium. Each partial reduction shall be not less than an aggregate of Cdn.$5,000,000 and in integral multiples of Cdn.$1,000,000.