Common use of Ratable Reduction or Termination Clause in Contracts

Ratable Reduction or Termination. The Borrower may at any time terminate or reduce in whole or in part the unused portion of any Commitments of the Lenders without premium or penalty; provided that the aggregate reduction of any Commitments shall be in an aggregate amount that is an integral multiple of $1,000,000 and not less than $5,000,000 (or, if less, an aggregate amount that is equal to the entire unused balance of the Commitments).