Minimum Advance. Unless the Agent otherwise agrees, an Advance (or any portion thereof) by way of Prime Rate Loan under the Revolver Facility (other than any Swing Line Advance) shall be for a minimum principal amount of Cdn.$5,000,000 or a higher principal amount which is a whole number multiple of Cdn.$1,000,000. An Advance (or any portion thereof) by way of an issue of Bankers' Acceptances under the Revolver Facility shall be in a minimum aggregate face amount (subject to availability) of Cdn. $5,000,000 and in whole number multiples of Cdn.$1,000,000. An Advance (or any portion thereof) by way of Base Rate Loan (other than any Swing Line Advance) or LIBOR Loan shall be in a minimum principal amount (subject to availability) of U.S.$5,000,000. Each Advance under the Revolver Facility (other than any Swing Line Advance) will be made pursuant to a notice received from a Borrower complying with the provisions of Section 7.4.
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Sources: Loan Agreement (Gerdau Usa Inc)
Minimum Advance. Unless the Agent otherwise agrees, an Advance (or any portion thereof) by way of Prime Rate Loan under the Revolver Facility (other than any Swing Line Advance) shall be for a minimum principal amount of Cdn.$5,000,000 or a higher principal amount which is a whole number multiple of Cdn.$1,000,000. An Advance (or any portion thereof) by way of an issue of Bankers' Acceptances under the Revolver Facility shall be in a minimum aggregate face amount (subject to availability) of Cdn. $5,000,000 Cdn.$5,000,000 and in whole number multiples of Cdn.$1,000,000. An Advance (or any portion thereof) by way of Base Rate Loan (other than any Swing Line Advance) or LIBOR Loan shall be in a minimum principal amount (subject to availability) of U.S.$5,000,000. Each Advance under the Revolver Facility (other than any Swing Line Advance) will be made pursuant to a notice received from a Corporate Borrower complying with the provisions of Section 7.4.
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