Reduction of Revolving Loan Commitments. Upon at least three (3) Business Days' notice, (a) the Borrowers may, from time to time, permanently reduce the Canadian Revolving Loan Commitment in whole or in part; provided that, (i) such reduction must be in a minimum amount of $1,000,000 and in integral multiples of $500,000 above such amount until the Canadian Revolving Loan Commitment has been reduced to $5,000,000 and thereafter, such reduction must be in a minimum amount of $5,000,000 and (ii) no reduction shall be made which would reduce the Canadian Revolving Loan Commitment to an amount less than the sum of Canadian Revolving Loans then outstanding plus the aggregate Face Amount of Bankers' Acceptances then outstanding; and (b) the U.S. Borrowers may from time to time permanently reduce the U.S. Revolving Loan Commitment in whole or in part; provided that, (i) such reduction must be in a minimum amount of $5,000,000 and in integral multiples of $1,000,000 above such amount and (ii) no reduction shall be made which would reduce the U.S. Revolving Loan Commitment to an amount less than the sum of U.S. Revolving Loans then outstanding plus LOC Obligations then outstanding.
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Reduction of Revolving Loan Commitments. Upon at least three (3) Business Days' notice, (a) the Borrowers may, from time to time, permanently reduce the Canadian Revolving Loan Commitment in whole or in part; provided that, (i) such reduction must be in a minimum amount of $1,000,000 and in integral multiples of $500,000 1,000,000 above such amount until the Canadian Revolving Loan Commitment has been reduced to $5,000,000 and thereafter, such reduction must be in a minimum amount of $5,000,000 and (ii) no reduction shall be made which would reduce the Canadian Revolving Loan Commitment to an amount less than the sum of Canadian Revolving Loans then outstanding plus Canadian LOC Obligations outstanding plus the aggregate Face Amount of Bankers' Acceptances then outstandingAcceptances; and (b) the U.S. Borrowers may from time to time permanently reduce the U.S. Revolving Loan Commitment in whole or in partto an amount no less than $25,000,000; provided that, (i) such reduction must be in a minimum amount of $5,000,000 3,000,000 and in integral multiples of $1,000,000 above such amount and (ii) no reduction shall be made which would reduce the U.S. Revolving Loan Commitment to an amount less than the sum of U.S. Revolving Loans then outstanding plus U.S. LOC Obligations then outstanding.
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