LESSER OF (A) EURODOLLAR
DAILY FLOATING RATE PLUS THE APPLICABLE MARGIN (FOR EURODOLLAR LOANS), OR (B)
THE MAXIMUM RATE.
(B)
PAYMENT DATES.
ACCRUED INTEREST ON THE LOANS SHALL BE DUE AND
PAYABLE IN ARREARS AS FOLLOWS:
(I)
IN THE CASE OF PRIME RATE LOANS, ON EACH QUARTERLY DATE;
(II)
IN THE CASE OF EACH EURODOLLAR LOAN, ON THE LAST DAY OF THE
INTEREST PERIOD WITH RESPECT THERETO AND, IN THE CASE OF A EURODOLLAR LOAN
HAVING AN INTEREST PERIOD OF SIX (6) MONTHS, ON THE DAY IN THE THIRD SUCCEEDING
CALENDAR MONTH NUMERICALLY CORRESPONDING TO THE COMMENCEMENT DATE OF SUCH
INTEREST PERIOD (OR, IF NO NUMERICALLY CORRESPONDING DATE EXISTS, ON THE LAST
BUSINESS DAY OF SUCH THIRD SUCCEEDING CALENDAR MONTH);
(III)
UPON THE PAYMENT OR PREPAYMENT OF ANY LOAN OR THE CONVERSION OF
ANY LOAN TO A LOAN OF THE OTHER TYPE (BUT ONLY ON THE PRINCIPAL AMOUNT SO PAID,
PREPAID OR CONVERTED); AND
(IV)
ON THE MATURITY DATE.
(C)
DEFAULT INTEREST.
NOTWITHSTANDING THE FOREGOING, F.Y.I. SHALL PAY
TO THE ADMINISTRATIVE AGENT FOR THE ACCOUNT OF EACH LENDER INTEREST AT THE
APPLICABLE DEFAULT RATE ON ANY PRINCIPAL OF ANY LOAN MADE BY SUCH LENDER, ANY
REIMBURSEMENT OBLIGATION OWING TO SUCH LENDER AND (TO THE FULLEST EXTENT
PERMITTED BY LAW) ANY OTHER AMOUNT PAYABLE BY F.Y.I. UNDER THIS AGREEMENT OR ANY
OTHER LOAN DOCUMENT TO SUCH LENDER, WHICH IS NOT PAID IN FULL WHEN DUE (WHETHER
AT STATED MATURITY, BY ACCELERATION OR OTHERWISE) OR WHICH IS OUTSTANDING DURING
THE CONTINUANCE OF AN EVENT OF DEFAULT, FOR THE PERIOD FROM AND INCLUDING THE
DUE DATE THEREOF OR THE DATE OF THE OCCURRENCE OF SUCH EVENT OF DEFAULT (AS
APPLICABLE) TO BUT EXCLUDING THE DATE THE SAME IS PAID IN FULL.
INTEREST
PAYABLE AT THE DEFAULT RATE SHALL BE PAYABLE FROM TIME TO TIME ON DEMAND BY THE
ADMINISTRATIVE AGENT.
SECTION 2.5
BORROWING PROCEDURE.
F.Y.I. SHALL GIVE THE
ADMINISTRATIVE AGENT NOTICE OF EACH BORROWING HEREUNDER IN ACCORDANCE WITH
SECTION 2.9.
NOT LATER THAN 1:00 P.M. (DALLAS, TEXAS TIME) ON THE DATE
SPECIFIED FOR EACH BORROWING HEREUNDER, EACH LENDER WILL MAKE AVAILABLE THE
AMOUNT OF THE LOAN TO BE MADE BY IT ON SUCH DATE TO THE ADMINISTRATIVE AGENT, AT
THE PRINCIPAL OFFICE, IN IMMEDIATELY AVAILABLE FUNDS, FOR THE ACCOUNT OF F.Y.I.
THE AMOUNT SO RECEIVED BY THE ADMINISTRATIVE AGENT SHALL, SUBJECT TO THE TERMS
AND CONDITIONS OF THIS AGREEMENT, BE MADE AVAILABLE TO F.Y.I. BY WIRE TRANSFER
OF IMMEDIATELY AVAILABLE FUNDS TO THE APPLICABLE DEPOSIT ACCOUNT NO LATER THAN
1:00 P.M.
SECTION 2.6
OPTIONAL PREPAYMENTS, CONVERSIONS AND CONTINUATIONS OF
LOANS, REDUCTION OF COMMITMENTS.
SUBJECT TO SECTIONS 2.7 AND 2.8, F.Y.I. SHALL
HAVE THE RIGHT FROM TIME TO TIME TO PREPAY THE LOANS, TO CONVERT ALL OR PART OF
A LOAN (OTHER THAN A SWINGLINE ADVANCE) OF ONE TYPE INTO A LOAN OF ANOTHER TYPE
OR TO CONTINUE EURODOLLAR LOANS; PROVIDED THAT:
(A) F.Y.I. SHALL GIVE THE
ADMINISTRATIVE AGENT NOTICE OF EACH SUCH PREPAYMENT, CONVERSION OR CONTINUATION
AS PROVIDED IN SECTION 2.9, (B) EURODOLLAR