Reduction Notices. Subject to subsections (a) and (b) of this Section 5.3, the Borrower shall not deliver notice pursuant to Section 2.3 of the BPSA of its desire to eliminate one or more “Component Block(s)” (as defined in the BPSA) from the “Master Block” (as defined in the BPSA) (such notice hereinafter referred to as a “Reduction Notice”) until the RUS has received from the Borrower written notice of its intent to give such Reduction Notice not less than 60 days prior to the date such notice is to be delivered under Section 2.3
Reduction Notices. Any Reduction Notice shall be delivered to the Administrative Agent at least three (3) Business Days prior to the date of the relevant cancellation or reduction. Once delivered, no Reduction Notice may be revoked or withdrawn by the Borrower. ARTICLE 4 - PRIME RATE LOANS 4.1 Request for Prime Rate Loans and US Base Rate Loans Any Draw Request or Conversion Request pursuant to which an Advance is requested by way of Prime Rate Loan or US Base Rate Loan shall be delivered at the latest by 11:00 a.m. (Montréal time) at least one (1) Business Day immediately prior to the proposed Borrowing Date. Any such Draw Request or Conversion Request shall specify the following information: 4.1.1 the proposed Borrowing Date which must be a Business Day; and 4.1.2 the principal amount requested to be advanced which shall be for a minimum amount of CDN$1,000,000 or US$1,000,000, as the case may be. For greater certainty, no Draw Request or Conversion Request or minimum amounts shall be required in connection with any Advance under the Swingline Facility. 4.2 Apportionment among the Lenders The aggregate principal amount of any Advance requested under Section 4.1 shall be apportioned among the Lenders on a Rateable Share basis of the Revolving Facility. 4.3 Interest on Prime Rate Basis 104822.00280/115572577.6305585250.30
