(D)
THE LOANS COMPRISING EACH TIBOR BORROWING SHALL BEAR INTEREST AT THE TIBO
RATE FOR THE INTEREST PERIOD IN EFFECT FOR SUCH BORROWING PLUS THE APPLICABLE
RATE.
(E)
EACH FIXED RATE LOAN SHALL BEAR INTEREST AT THE FIXED RATE APPLICABLE TO
SUCH LOAN.
(F)
NOTWITHSTANDING THE FOREGOING, IF ANY PRINCIPAL OF OR INTEREST ON ANY LOAN
OR ANY FEE PAYABLE BY ANY BORROWER HEREUNDER IS NOT PAID WHEN DUE, WHETHER AT
STATED MATURITY, UPON ACCELERATION OR OTHERWISE, SUCH OVERDUE AMOUNT SHALL BEAR
INTEREST, AFTER AS WELL AS BEFORE JUDGMENT, AT A RATE PER ANNUM EQUAL TO (I) IN
THE CASE OF OVERDUE PRINCIPAL OF ANY LOAN, 2% PER ANNUM PLUS THE RATE OTHERWISE
APPLICABLE TO SUCH LOAN AS PROVIDED IN THE PRECEDING PARAGRAPHS OF THIS SECTION
OR (II) IN THE CASE OF ANY OTHER AMOUNT, 2% PLUS THE RATE APPLICABLE TO ABR
REVOLVING LOANS AS PROVIDED IN PARAGRAPH (A) ABOVE.
40
(G)
ACCRUED INTEREST ON EACH LOAN SHALL BE PAYABLE IN ARREARS ON EACH INTEREST
PAYMENT DATE FOR SUCH LOAN; PROVIDED THAT (I) INTEREST ACCRUED PURSUANT TO
PARAGRAPH (G) ABOVE SHALL BE PAYABLE ON DEMAND, (II) IN THE EVENT OF ANY
REPAYMENT OR PREPAYMENT OF ANY LOAN (OTHER THAN A PREPAYMENT OF AN ABR REVOLVING
LOAN PRIOR TO THE END OF THE REVOLVING AVAILABILITY PERIOD), ACCRUED INTEREST ON
THE PRINCIPAL AMOUNT REPAID OR PREPAID SHALL BE PAYABLE ON THE DATE OF SUCH
REPAYMENT OR PREPAYMENT AND (III) IN THE EVENT OF ANY CONVERSION OF ANY
EUROCURRENCY REVOLVING LOAN OR TIBOR REVOLVING LOAN PRIOR TO THE END OF THE
CURRENT INTEREST PERIOD THEREFOR, ACCRUED INTEREST ON SUCH LOAN SHALL BE PAYABLE
ON THE EFFECTIVE DATE OF SUCH CONVERSION.
(H)
ALL INTEREST HEREUNDER SHALL BE COMPUTED ON THE BASIS OF A YEAR OF
360 DAYS, EXCEPT THAT (I) INTEREST ON BORROWINGS DENOMINATED IN STERLING AND YEN
AND (II) INTEREST COMPUTED BY REFERENCE TO THE ALTERNATE BASE RATE AT TIMES WHEN
THE ALTERNATE BASE RATE IS BASED ON THE PRIME RATE SHALL BE COMPUTED ON THE
BASIS OF A YEAR OF 365 DAYS (OR 366 DAYS IN A LEAP YEAR), AND IN EACH CASE SHALL
BE PAYABLE FOR THE ACTUAL NUMBER OF DAYS ELAPSED (INCLUDING THE FIRST DAY BUT
EXCLUDING THE LAST DAY).
THE APPLICABLE ALTERNATE BASE RATE, YEN BASE RATE,
LIBO RATE OR TIBO RATE SHALL BE DETERMINED BY THE APPLICABLE AGENT, AND SUCH
DETERMINATION SHALL BE CONCLUSIVE ABSENT MANIFEST ERROR.
SECTION 2.14.
ALTERNATE RATE OF INTEREST.
IF PRIOR TO THE COMMENCEMENT OF ANY
INTEREST PERIOD FOR A EUROCURRENCY BORROWING OR TIBOR BORROWING DENOMINATED IN
ANY CURRENCY:
(A)
THE APPLICABLE AGENT DETERMINES (WHICH DETERMINATION SHALL BE CONCLUSIVE
ABSENT MANIFEST ERROR) THAT ADEQUATE AND REASONABLE MEANS DO NOT EXIST FOR
ASCERTAINING THE LIBO RATE OR THE TIBO RATE, AS THE CASE MAY BE, FOR SUCH
INTEREST PERIOD; OR
(B)
THE APPLICABLE AGENT IS ADVISED BY A MAJORITY IN INTEREST OF THE LENDERS
THAT WOULD PARTICIPATE IN SUCH BORROWING THAT THE LIBO RATE OR THE TIBO RATE, AS
THE CASE MAY BE, FOR