ALL AS PROVIDED HEREIN.
BORROWER MAY ELECT DIFFERENT OPTIONS
WITH RESPECT TO DIFFERENT PORTIONS OF THE AFFECTED BORROWING, IN WHICH CASE EACH
SUCH PORTION SHALL BE ALLOCATED RATABLY AMONG THE LENDERS, AND EACH SUCH PORTION
SHALL BE CONSIDERED A SEPARATE BORROWING.
(2)
TO MAKE AN ELECTION PURSUANT TO THIS SECTION, BORROWER SHALL
NOTIFY ADMINISTRATIVE AGENT OF SUCH ELECTION BY ELECTRONIC COMMUNICATION AS
PROVIDED IN SECTION 2.10 (I) IN THE CASE OF A EURODOLLAR BORROWING, NOT LATER
THAN 3:00 P.M., NEW YORK CITY TIME, THREE (3) BUSINESS DAYS BEFORE THE DATE OF
THE PROPOSED BORROWING OR (II) IN THE CASE OF AN ABR BORROWING, NOT LATER THAN
11:00 A.M., NEW YORK CITY TIME, ONE (1) BUSINESS DAY BEFORE THE DATE OF THE
PROPOSED BORROWING.
EACH SUCH INTEREST ELECTION REQUEST SHALL BE IRREVOCABLE
AND SHALL BE SUBSTANTIALLY IN THE FORM ATTACHED HERETO AS EXHIBIT H (OR SUCH
OTHER FORM AS ADMINISTRATIVE AGENT SHALL PROVIDE TO BORROWER FROM TIME TO TIME,
PROVIDED THAT SIMILARLY SITUATED BORROWERS OF ADMINISTRATIVE AGENT SHALL BE
REQUIRED TO USE SUCH FORM) AND SIGNED BY BORROWER OR COMMUNICATED VIA ELECTRONIC
COMMUNICATION BY BORROWER TO ADMINISTRATIVE AGENT PURSUANT TO SECTION 2.10.
(3)
EACH INTEREST ELECTION REQUEST SHALL SPECIFY THE FOLLOWING
INFORMATION:
(I)
THE BORROWING TO WHICH SUCH INTEREST ELECTION REQUEST
APPLIES AND, IF DIFFERENT TYPES AND INTEREST PERIODS ARE BEING ELECTED WITH
RESPECT TO DIFFERENT PORTIONS THEREOF, THE PORTIONS THEREOF TO BE ALLOCATED TO
EACH RESULTING BORROWING (IN WHICH CASE THE INFORMATION TO BE SPECIFIED PURSUANT
TO CLAUSES (III) AND (IV) BELOW SHALL BE SPECIFIED FOR EACH RESULTING
BORROWING);
(II)
THE EFFECTIVE DATE OF THE ELECTION MADE PURSUANT TO SUCH
INTEREST ELECTION REQUEST, WHICH SHALL BE A BUSINESS DAY;
(III)
WHETHER THE RESULTING BORROWING IS TO BE AN ABR BORROWING OR A
EURODOLLAR BORROWING; AND
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(IV)
IF THE RESULTING BORROWING IS A EURODOLLAR BORROWING, THE
INTEREST PERIOD TO BE APPLICABLE THERETO AFTER GIVING EFFECT TO SUCH ELECTION,
WHICH SHALL BE A PERIOD CONTEMPLATED BY THE DEFINITION OF THE TERM "INTEREST
PERIOD".
IF ANY SUCH INTEREST ELECTION REQUEST REQUESTS A EURODOLLAR BORROWING
BUT DOES NOT SPECIFY AN INTEREST PERIOD, THEN BORROWER SHALL BE DEEMED TO HAVE
SELECTED AN INTEREST PERIOD OF ONE-MONTH DURATION.
(4)
PROMPTLY FOLLOWING RECEIPT OF AN INTEREST ELECTION REQUEST,
ADMINISTRATIVE AGENT SHALL ADVISE EACH LENDER OF THE DETAILS THEREOF AND OF SUCH
LENDER'S PORTION OF EACH RESULTING BORROWING.
(5)
BORROWINGS OF MORE THAN ONE TYPE MAY BE OUTSTANDING AT THE
SAME TIME; PROVIDED THAT THERE SHALL NOT AT ANY TIME BE MORE THAN A TOTAL OF
FIVE (5) EURODOLLAR BORROWINGS OUTSTANDING. EACH EURODOLLAR BORROWING SHALL BE
IN AN AMOUNT NOT LESS THAN $500,000.
NO INTEREST PERIOD MAY BE ELECTED THAT
WOULD END AFTER THE THEN EXISTING MATURITY DATE.
(6)
IF BORROWER FAILS TO DELIVER A TIMELY INTEREST ELECTION
REQUEST WITH RESPECT TO A EURODOLLAR BORROWING PRIOR TO THE END OF THE INTEREST
PERIOD APPLICABLE THERETO, THEN, UNLESS SUCH BORROWING IS REPAID AS PROVIDED
HEREIN, AT THE END OF SUCH INTEREST PERIOD SUCH BORROWING SHALL BE CONVERTED