LATER THAN 4:00 P.M. (LOCAL TIME IN THE CITY OF
THE ADMINISTRATIVE AGENT'S EURODOLLAR PAYMENT OFFICE) IN DOLLARS.
THE
ADMINISTRATIVE AGENT WILL PROMPTLY MAKE THE FUNDS SO RECEIVED FROM THE LENDERS
AVAILABLE TO THE BORROWER AT THE ADMINISTRATIVE AGENT'S AFORESAID ADDRESS, AS
APPLICABLE.
2.7
METHOD OF SELECTING TYPES AND INTEREST
PERIODS FOR ADVANCES.
THE BORROWER SHALL SELECT THE TYPE OF ADVANCE AND, IN THE
CASE OF EACH EURODOLLAR RATE ADVANCE, THE INTEREST PERIOD APPLICABLE TO EACH
ADVANCE FROM TIME TO TIME.
THE BORROWER SHALL GIVE THE ADMINISTRATIVE AGENT
IRREVOCABLE NOTICE IN SUBSTANTIALLY THE FORM OF EXHIBIT B HERETO (A
26
"BORROWING ELECTION NOTICE") NOT LATER THAN 12:00 NOON (CHICAGO TIME) (A) ON THE
BORROWING DATE OF EACH FLOATING RATE ADVANCE, AND (B) THREE (3) BUSINESS DAYS
BEFORE THE BORROWING DATE FOR EACH EURODOLLAR RATE ADVANCE SPECIFYING: (I) THE
BORROWING DATE (WHICH SHALL BE A BUSINESS DAY) OF SUCH ADVANCE; (II) THE
AGGREGATE AMOUNT OF SUCH ADVANCE; (III) THE TYPE OF ADVANCE SELECTED; AND
(IV) IN THE CASE OF EACH EURODOLLAR RATE ADVANCE, THE INTEREST PERIOD APPLICABLE
THERETO.
EACH FLOATING RATE ADVANCE AND ALL OBLIGATIONS OTHER THAN LOANS SHALL
BEAR INTEREST FROM AND INCLUDING THE DATE OF THE MAKING OF SUCH ADVANCE, IN THE
CASE OF LOANS, AND THE DATE SUCH OBLIGATION IS DUE AND OWING IN THE CASE OF SUCH
OTHER OBLIGATIONS, TO (BUT NOT INCLUDING) THE DATE OF REPAYMENT THEREOF AT THE
FLOATING RATE CHANGING WHEN AND AS SUCH FLOATING RATE CHANGES.
CHANGES IN THE
RATE OF INTEREST ON THAT PORTION OF ANY ADVANCE MAINTAINED AS A FLOATING RATE
LOAN WILL TAKE EFFECT SIMULTANEOUSLY WITH EACH CHANGE IN THE ALTERNATE BASE
RATE.
EACH EURODOLLAR RATE ADVANCE SHALL BEAR INTEREST FROM AND INCLUDING THE
FIRST DAY OF THE INTEREST PERIOD APPLICABLE THERETO TO (BUT NOT INCLUDING) THE
LAST DAY OF SUCH INTEREST PERIOD AT THE INTEREST RATE DETERMINED AS APPLICABLE
TO SUCH EURODOLLAR RATE ADVANCE.
2.8
MINIMUM AMOUNT OF EACH ADVANCE.
EACH
ADVANCE (OTHER THAN AN ADVANCE TO REPAY A REIMBURSEMENT OBLIGATION) SHALL BE IN
THE MINIMUM AMOUNT OF $1,000,000 AND IN MULTIPLES OF $500,000 IF IN EXCESS
THEREOF; PROVIDED, HOWEVER, THAT ANY FLOATING RATE ADVANCE MAY BE IN THE AMOUNT
OF THE UNUSED AGGREGATE REVOLVING LOAN COMMITMENT.
2.9
METHOD OF SELECTING TYPES, AND INTEREST
PERIODS FOR CONVERSION AND CONTINUATION OF ADVANCES.
(A)
RIGHT TO CONVERT.
THE BORROWER MAY ELECT FROM
TIME TO TIME. SUBJECT TO THE PROVISIONS OF SECTION 2.3 AND THIS SECTION 2.9, TO
CONVERT ALL OR ANY PART OF A LOAN OF ANY TYPE INTO ANY OTHER TYPE OR TYPES OF
LOAN; PROVIDED THAT ANY CONVERSION OF ANY EURODOLLAR RATE ADVANCE SHALL BE MADE
ON, AND ONLY ON, THE LAST DAY OF THE INTEREST PERIOD APPLICABLE THERETO.
(B)
AUTOMATIC CONVERSION AND CONTINUATION.
FLOATING RATE LOANS SHALL CONTINUE AS FLOATING RATE LOANS UNLESS AND UNTIL SUCH
FLOATING RATE LOANS ARE CONVERTED INTO EURODOLLAR RATE LOANS.
EURODOLLAR RATE
LOANS SHALL CONTINUE AS EURODOLLAR RATE LOANS UNTIL THE END OF THE THEN
APPLICABLE INTEREST PERIOD THEREFOR, AT WHICH TIME