OF THE LOAN REQUESTED ABSENT MANIFEST ERROR.
(B)
SUBJECT TO THE PROVISIONS OF THE DEFINITION OF THE TERM "INTEREST
PERIOD" HEREIN, THE DURATION OF EACH INTEREST PERIOD FOR A LIBOR LOAN SHALL BE
AS SPECIFIED IN THE APPLICABLE NOTICE OF BORROWING OR CONVERSION.
IF NO
INTEREST PERIOD IS SPECIFIED IN A NOTICE OF BORROWING OR CONVERSION WITH RESPECT
TO A REQUESTED LIBOR LOAN, THEN THE BORROWERS SHALL BE
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DEEMED TO HAVE SELECTED AN INTEREST PERIOD OF ONE MONTH'S DURATION.
IF THE
ADMINISTRATIVE AGENT RECEIVES A NOTICE OF BORROWING OR CONVERSION AFTER THE TIME
SPECIFIED IN SUBSECTION (A) ABOVE, SUCH NOTICE SHALL NOT BE EFFECTIVE.
IF THE
ADMINISTRATIVE AGENT DOES NOT RECEIVE AN EFFECTIVE NOTICE OF BORROWING OR
CONVERSION WITH RESPECT TO AN OUTSTANDING LIBOR LOAN, OR IF, WHEN SUCH NOTICE
MUST BE GIVEN PRIOR TO THE END OF THE INTEREST PERIOD APPLICABLE TO SUCH
OUTSTANDING LOAN, THE BORROWERS SHALL HAVE FAILED TO SATISFY ANY OF THE
CONDITIONS HEREOF, THE BORROWERS SHALL BE DEEMED TO HAVE ELECTED TO CONVERT SUCH
OUTSTANDING LOAN IN WHOLE INTO A BASE RATE LOAN ON THE LAST DAY OF THE THEN
CURRENT INTEREST PERIOD WITH RESPECT THERETO.
2.4
FUNDING OF LOANS.
(A)
LOANS SHALL BE MADE BY THE LENDERS PRO RATA IN ACCORDANCE WITH
THEIR RESPECTIVE APPLICABLE PERCENTAGES FOR SUCH LOANS, PROVIDED, HOWEVER THAT
THE FAILURE OF ANY LENDER TO MAKE ANY LOAN REQUIRED TO BE MADE BY IT HEREUNDER
SHALL NOT RELIEVE ANY OTHER LENDER OF ITS OBLIGATION TO LEND HEREUNDER (IT BEING
UNDERSTOOD, HOWEVER, THAT NO LENDER SHALL BE RESPONSIBLE FOR THE FAILURE OF ANY
OTHER LENDER TO MAKE ANY LOAN REQUIRED TO BE MADE BY SUCH OTHER LENDER).
(B)
THE ADMINISTRATIVE AGENT SHALL NOTIFY THE TERM LENDERS OR
REVOLVING CREDIT LENDERS, AS THE CASE MAY BE, OF EACH REQUESTED LOAN AND OF THE
DRAWDOWN DATE THEREOF AND THE AMOUNT OF EACH TERM LENDER'S OR REVOLVING CREDIT
LENDER'S PRO RATA SHARE OF SUCH LOAN.
IF SUCH NOTICE IS GIVEN BY THE CLOSE OF
THE ADMINISTRATIVE AGENT'S BUSINESS ON THE BUSINESS DAY ON WHICH THE
ADMINISTRATIVE AGENT RECEIVES AN EFFECTIVE NOTICE OF BORROWING OR CONVERSION AS
PROVIDED IN SECTION 2.3, EACH LENDER WILL, NOT LATER THAN 1:00 P.M. PACIFIC TIME
ON THE PROPOSED DRAWDOWN DATE OF SUCH LOAN, MAKE AVAILABLE TO THE ADMINISTRATIVE
AGENT, AT ITS HEAD OFFICE, IN IMMEDIATELY AVAILABLE FUNDS, THE AMOUNT OF SUCH
LENDER'S PRO RATA SHARE OF THE AMOUNT OF SUCH REQUESTED LOAN.
UPON RECEIPT BY
THE ADMINISTRATIVE AGENT OF SUCH AMOUNT, AND UPON THE SATISFACTION OF THE
CONDITIONS SET FORTH IN SECTION 4.1 OR 4.2 (TO THE EXTENT APPLICABLE), THE
ADMINISTRATIVE AGENT WILL MAKE AVAILABLE TO THE BORROWERS THE AGGREGATE AMOUNT
OF SUCH LOAN.
(C)
THE ADMINISTRATIVE AGENT MAY, UNLESS NOTIFIED TO THE CONTRARY BY
ANY TERM LENDER OR REVOLVING CREDIT LENDER, AS THE CASE MAY BE, PRIOR TO A
DRAWDOWN DATE, ASSUME THAT EACH TERM LENDER OR REVOLVING CREDIT LENDER, AS THE
CASE MAY BE, HAS MADE AVAILABLE TO THE ADMINISTRATIVE AGENT ON SUCH DRAWDOWN
DATE THE