MULTIPLE; PROVIDED FURTHER THAT IF A COMPETITIVE LOAN MUST BE IN AN
AMOUNT LESS THAN THE BORROWING MINIMUM BECAUSE OF THE PROVISIONS OF CLAUSE (IV)
ABOVE, SUCH COMPETITIVE LOAN MAY BE FOR A MINIMUM OF $1,000,000 (OR, IN THE CASE
OF AN DESIGNATED FOREIGN CURRENCY COMPETITIVE LOAN, THE SMALLEST AMOUNT OF SUCH
ALTERNATE CURRENCY THAT (I) IS AN INTEGRAL MULTIPLE OF 1,000,000 UNITS (OR, IN
THE CASE OF STERLING, 500,000 UNITS) OF SUCH CURRENCY AND (II) HAS A US DOLLAR
EQUIVALENT IN EXCESS OF $1,000,000), AND IN CALCULATING THE PRO RATA ALLOCATION
OF ACCEPTANCES OF PORTIONS OF MULTIPLE COMPETITIVE BIDS AT A PARTICULAR
COMPETITIVE BID RATE PURSUANT TO CLAUSE (IV) THE AMOUNTS SHALL BE ROUNDED TO
INTEGRAL MULTIPLES OF THE BORROWING MULTIPLE IN A MANNER DETERMINED BY THE
COMPANY.
A NOTICE GIVEN BY THE COMPANY PURSUANT TO THIS PARAGRAPH SHALL BE
IRREVOCABLE.
(E)
THE APPLICABLE AGENT SHALL PROMPTLY NOTIFY EACH BIDDING US TRANCHE LENDER
BY TELECOPY WHETHER OR NOT ITS COMPETITIVE BID HAS BEEN ACCEPTED (AND, IF SO,
THE
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AMOUNT AND COMPETITIVE BID RATE SO ACCEPTED), AND EACH SUCCESSFUL BIDDER WILL
THEREUPON BECOME BOUND, SUBJECT TO THE TERMS AND CONDITIONS HEREOF, TO MAKE THE
COMPETITIVE LOAN IN RESPECT OF WHICH ITS COMPETITIVE BID HAS BEEN ACCEPTED.
(F)
IF THE APPLICABLE AGENT OR ONE OF ITS AFFILIATES SHALL ELECT TO SUBMIT A
COMPETITIVE BID IN ITS CAPACITY AS A US TRANCHE LENDER, IT SHALL SUBMIT SUCH
COMPETITIVE BID DIRECTLY TO THE COMPANY AT LEAST ONE QUARTER OF AN HOUR EARLIER
THAN THE TIME BY WHICH THE OTHER LENDERS ARE REQUIRED TO SUBMIT THEIR
COMPETITIVE BIDS TO THE APPLICABLE AGENT PURSUANT TO PARAGRAPH (B) OF THIS
SECTION.
SECTION 2.05.
LETTERS OF CREDIT.
(A)
GENERAL.
SUBJECT TO THE TERMS AND
CONDITIONS SET FORTH HEREIN, THE COMPANY MAY REQUEST THE ISSUANCE (OR THE
AMENDMENT, RENEWAL OR EXTENSION) OF LETTERS OF CREDIT DENOMINATED IN US DOLLARS,
IN ANY CASE IN A FORM REASONABLY ACCEPTABLE TO THE ADMINISTRATIVE AGENT AND THE
ISSUING BANK, AT ANY TIME AND FROM TIME TO TIME DURING THE REVOLVING
AVAILABILITY PERIOD.
IN THE EVENT OF ANY FORM OF LETTER OF CREDIT APPLICATION
OR OTHER AGREEMENT SUBMITTED BY THE COMPANY OR ANY OTHER BORROWER TO, OR ENTERED
INTO BY THE COMPANY OR ANY OTHER BORROWER WITH, THE ISSUING BANK RELATING TO ANY
LETTER OF CREDIT, THE TERMS AND CONDITIONS OF THIS AGREEMENT SHALL CONTROL.
(B)
NOTICE OF ISSUANCE, AMENDMENT, RENEWAL, EXTENSION; CERTAIN CONDITIONS.
TO
REQUEST THE ISSUANCE OF A LETTER OF CREDIT (OR THE AMENDMENT, RENEWAL OR
EXTENSION OF AN OUTSTANDING LETTER OF CREDIT), THE COMPANY SHALL HAND DELIVER OR
TELECOPY (OR TRANSMIT BY ELECTRONIC COMMUNICATION, IF ARRANGEMENTS FOR DOING SO
HAVE BEEN APPROVED BY THE ISSUING BANK) TO THE ISSUING BANK AND THE
ADMINISTRATIVE AGENT (REASONABLY IN ADVANCE OF THE REQUESTED DATE OF ISSUANCE,
AMENDMENT, RENEWAL OR EXTENSION) A NOTICE REQUESTING THE ISSUANCE OF A LETTER OF
CREDIT, OR IDENTIFYING THE LETTER OF CREDIT TO BE AMENDED, RENEWED OR EXTENDED,
THE DATE OF ISSUANCE, AMENDMENT, RENEWAL OR EXTENSION (WHICH