TO THE BORROWER FROM TIME TO TIME, IN DOLLARS EITHER AS FLOATING RATE LOANS OR
FIXED-RATE LOANS IN A DOLLAR AMOUNT NOT TO EXCEED SUCH LENDER'S PRO RATA SHARE
OF REVOLVING CREDIT AVAILABILITY AT SUCH TIME (EACH INDIVIDUALLY, A "REVOLVING
LOAN" AND, COLLECTIVELY, THE "REVOLVING LOANS"); PROVIDED, HOWEVER, AT NO TIME
SHALL THE DOLLAR AMOUNT OF THE REVOLVING CREDIT OBLIGATIONS EXCEED THE AGGREGATE
REVOLVING LOAN COMMITMENT.
SUBJECT TO THE TERMS OF THIS AGREEMENT, THE BORROWER
MAY BORROW, REPAY AND REBORROW REVOLVING LOANS AT ANY TIME PRIOR TO THE
TERMINATION DATE.
THE REVOLVING LOANS MADE ON THE CLOSING DATE OR ON OR BEFORE
THE THIRD (3RD) BUSINESS DAY THEREAFTER SHALL INITIALLY BE FLOATING RATE LOANS
AND THEREAFTER MAY BE CONTINUED AS FLOATING RATE LOANS OR CONVERTED INTO
EURODOLLAR RATE LOANS IN THE MANNER PROVIDED IN SECTION 2.9 AND SUBJECT TO THE
OTHER CONDITIONS AND LIMITATIONS THEREIN SET FORTH AND SET FORTH IN THIS
ARTICLE II AND SET FORTH IN THE DEFINITION OF INTEREST PERIOD.
REVOLVING LOANS
MADE AFTER THE THIRD (3RD) BUSINESS DAY AFTER THE CLOSING DATE SHALL BE, AT THE
OPTION OF THE BORROWER, SELECTED IN ACCORDANCE WITH SECTION 2.9, EITHER FLOATING
RATE LOANS OR EURODOLLAR RATE LOANS.
ON THE REVOLVING LOAN TERMINATION DATE,
THE BORROWER SHALL REPAY IN FULL THE OUTSTANDING PRINCIPAL BALANCE OF THE
REVOLVING LOANS.
EACH ADVANCE UNDER THIS SECTION 2.1 SHALL CONSIST OF REVOLVING
LOANS MADE BY EACH LENDER RATABLY IN PROPORTION TO SUCH LENDER'S RESPECTIVE PRO
RATA SHARE.
(B)
BORROWING/ELECTION NOTICE.
IN ACCORDANCE
WITH SECTION 2.13, THE BORROWER MAY TELEPHONICALLY REQUEST ADVANCES HEREUNDER.
IF A TELEPHONIC REQUEST IS NOT MADE WITH RESPECT TO ANY ADVANCE IN ACCORDANCE
WITH SECTION 2.13, THEN THE BORROWER SHALL DELIVER TO THE ADMINISTRATIVE AGENT A
BORROWING/ELECTION NOTICE, SIGNED BY IT, IN ACCORDANCE WITH THE TERMS OF
SECTION 2.7, IN ORDER TO REQUEST SUCH ADVANCE.
IN EITHER CASE, THE
ADMINISTRATIVE AGENT SHALL PROMPTLY NOTIFY EACH LENDER OF SUCH REQUEST.
22
(C)
MAKING OF REVOLVING LOANS.
PROMPTLY AFTER
RECEIPT OF THE BORROWING/ELECTION NOTICE UNDER SECTION 2.7 OR A TELEPHONIC
REQUEST IN ACCORDANCE WITH SECTION 2.13 IN RESPECT OF REVOLVING LOANS, THE
ADMINISTRATIVE AGENT SHALL NOTIFY EACH LENDER BY TELEX OR TELECOPY, OR OTHER
SIMILAR FORM OF TRANSMISSION, OF THE REQUESTED REVOLVING LOAN.
EACH LENDER
SHALL MAKE AVAILABLE ITS REVOLVING LOAN IN ACCORDANCE WITH THE TERMS OF
SECTION 2.6.
THE ADMINISTRATIVE AGENT WILL PROMPTLY MAKE THE FUNDS SO RECEIVED
FROM THE LENDERS AVAILABLE TO THE BORROWER AT THE ADMINISTRATIVE AGENT'S OFFICE
IN CHICAGO, ILLINOIS OR THE ADMINISTRATIVE AGENT'S EURODOLLAR PAYMENT OFFICE ON
THE APPLICABLE BORROWING DATE AND SHALL DISBURSE SUCH PROCEEDS IN ACCORDANCE
WITH THE BORROWER'S DISBURSEMENT INSTRUCTIONS SET FORTH IN SUCH
BORROWING/ELECTION NOTICE.
THE FAILURE OF ANY LENDER TO DEPOSIT THE AMOUNT
DESCRIBED ABOVE WITH THE ADMINISTRATIVE AGENT ON THE APPLICABLE BORROWING DATE
SHALL NOT RELIEVE ANY OTHER LENDER OF ITS OBLIGATIONS HEREUNDER TO MAKE ITS
REVOLVING LOAN ON SUCH BORROWING DATE.
(D)
Extension of Revolving Loan Termination Date.
Not less than thirty (30) nor more than ninety (90) days prior