AVAILABLE FOR SUCH INTEREST PERIOD(S) FOR SUCH BORROWING.
(B)
EACH COMMITTED LOAN SHALL BE MADE AS PART OF
A BORROWING CONSISTING OF COMMITTED LOANS MADE BY THE LENDERS RATABLY IN
ACCORDANCE WITH THEIR RESPECTIVE COMMITMENTS.
PROMPTLY FOLLOWING RECEIPT OF A
REQUEST FOR EXTENSION OF CREDIT, THE ADMINISTRATIVE AGENT SHALL NOTIFY EACH
LENDER OF ITS PRO RATA SHARE THEREOF BY REQUISITE NOTICE.
EACH LENDER SHALL
MAKE THE FUNDS FOR ITS COMMITTED LOAN AVAILABLE TO THE ADMINISTRATIVE AGENT AT
THE ADMINISTRATIVE AGENT'S OFFICE NOT LATER THAN THE REQUISITE TIME ON THE
BUSINESS DAY SPECIFIED IN SUCH REQUEST FOR EXTENSION OF CREDIT.
UPON
SATISFACTION OR WAIVER OF THE APPLICABLE CONDITIONS SET FORTH IN ARTICLE IV, ALL
FUNDS SO RECEIVED SHALL BE MADE AVAILABLE TO BORROWER.
(C)
THE ADMINISTRATIVE AGENT SHALL PROMPTLY
NOTIFY THE APPLICABLE BORROWER AND THE LENDERS OF ADJUSTED IBOR APPLICABLE TO
ANY IBOR LOAN UPON DETERMINATION OF SAME.
(D)
NO LOANS OTHER THAN BASE RATE LOANS MAY BE
REQUESTED OR CONTINUED DURING THE EXISTENCE OF AN EVENT OF DEFAULT. DURING THE
EXISTENCE OF AN EVENT OF DEFAULT DESCRIBED IN CLAUSE (A), (E), (F), (G), OR (I)
OF SECTION 8.01, THE REQUISITE LENDERS MAY DETERMINE THAT (I) ANY OR ALL OF THE
THEN OUTSTANDING DOLLAR LOANS THAT ARE DOLLAR LIBOR LOANS SHALL BE CONVERTED TO
BASE RATE LOANS AND/OR (II) ANY OR ALL OF THE OUTSTANDING FOREIGN CURRENCY LOANS
WITH AN INTEREST PERIOD GREATER THAN ONE MONTH SHALL BE REPLACED BY FOREIGN
CURRENCY LOANS WITH AN INTEREST PERIOD OF ONE MONTH.
SUCH CONVERSION OR
REPLACEMENT SHALL BE EFFECTIVE UPON NOTICE TO THE APPLICABLE BORROWER FROM THE
ADMINISTRATIVE AGENT AND SHALL CONTINUE SO LONG AS SUCH EVENT OF DEFAULT
CONTINUES
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to exist, or in the case of Foreign Currency Loans, the earlier expiration of
the applicable Interest Period.
(E)
IF A COMMITTED LOAN IS TO BE MADE ON THE
SAME DATE THAT ANOTHER COMMITTED LOAN IS DUE AND PAYABLE, THE APPLICABLE
BORROWER OR THE LENDERS, AS THE CASE MAY BE, SHALL MAKE AVAILABLE TO THE
ADMINISTRATIVE AGENT THE NET AMOUNT OF FUNDS GIVING EFFECT TO BOTH SUCH
COMMITTED LOANS AND THE EFFECT FOR PURPOSES OF THIS AGREEMENT SHALL BE THE SAME
AS IF SEPARATE TRANSFERS OF FUNDS HAD BEEN MADE WITH RESPECT TO EACH SUCH
COMMITTED LOAN.
(F)
THE FAILURE OF ANY LENDER TO MAKE ANY
COMMITTED LOAN ON ANY DATE SHALL NOT RELIEVE ANY OTHER LENDER OF ANY OBLIGATION
TO MAKE A COMMITTED LOAN ON SUCH DATE, BUT NO LENDER SHALL BE RESPONSIBLE FOR
THE FAILURE OF ANY OTHER LENDER TO SO MAKE ITS COMMITTED LOAN.
SECTION 2.03.
COMPETITIVE LOANS.
(A)
SUBJECT TO THE TERMS AND CONDITIONS HEREOF,
AT ANY TIME AND FROM TIME TO TIME DURING THE AVAILABILITY PERIOD, EACH LENDER
MAY IN ITS SOLE AND ABSOLUTE DISCRETION MAKE COMPETITIVE LOANS TO THE COMPANY IN
SUCH PRINCIPAL AMOUNTS AS THE COMPANY MAY REQUEST; PROVIDED, HOWEVER, THAT THE
SUM OF (I) THE AGGREGATE LC EXPOSURE OF ALL LENDERS, (II) THE AGGREGATE
PRINCIPAL AMOUNT OF ALL DOLLAR LOANS MADE BY ALL