DISBURSEMENT NOT LATER THAN 12:00 NOON, LOCAL TIME, ON THE DATE THAT SUCH LC
DISBURSEMENT IS MADE, IF SUCH BORROWER SHALL HAVE RECEIVED NOTICE OF SUCH LC
DISBURSEMENT PRIOR TO 10:00 A.M., LOCAL TIME, ON SUCH DATE, OR, IF SUCH NOTICE
SHALL NOT HAVE BEEN RECEIVED BY SUCH BORROWER PRIOR TO SUCH TIME ON SUCH DATE,
THEN NOT LATER THAN 12:00 NOON, LOCAL TIME, ON (I) THE BUSINESS DAY THAT SUCH
BORROWER RECEIVES SUCH NOTICE, IF SUCH NOTICE IS RECEIVED PRIOR TO 10:00 A.M.,
NEW YORK CITY TIME, ON THE DAY OF RECEIPT, OR (II) THE BUSINESS DAY IMMEDIATELY
FOLLOWING THE DAY THAT SUCH BORROWER RECEIVES SUCH NOTICE, IF SUCH NOTICE IS NOT
RECEIVED PRIOR TO SUCH TIME ON THE DAY OF RECEIPT; PROVIDED, THAT, IF SUCH LC
DISBURSEMENT IS NOT LESS THAN US$500,000 (IN THE CASE
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OF AN LC DISBURSEMENT IN US DOLLARS) OR CDN.$500,000 (IN THE CASE OF AN LC
DISBURSEMENT IN CANADIAN DOLLARS), THE APPLICABLE BORROWER MAY, SUBJECT TO THE
CONDITIONS TO BORROWING SET FORTH HEREIN, REQUEST IN ACCORDANCE WITH SECTION
2.03 OR 2.05 THAT SUCH PAYMENT BE FINANCED WITH AN ABR REVOLVING BORROWING OR
CANADIAN PRIME RATE REVOLVING BORROWING, AS APPLICABLE, OR A SWINGLINE LOAN IN
AN EQUIVALENT AMOUNT AND, TO THE EXTENT SO FINANCED, SUCH BORROWER'S OBLIGATION
TO MAKE SUCH PAYMENT SHALL BE DISCHARGED AND REPLACED BY THE RESULTING ABR
REVOLVING BORROWING, CANADIAN PRIME REVOLVING BORROWING OR SWINGLINE LOAN. IF
THE APPLICABLE BORROWER FAILS TO MAKE SUCH PAYMENT WHEN DUE, THE ADMINISTRATIVE
AGENT SHALL NOTIFY EACH REVOLVING LENDER OF THE APPLICABLE LC DISBURSEMENT, THE
PAYMENT THEN DUE FROM SUCH BORROWER IN RESPECT THEREOF AND SUCH LENDER'S
APPLICABLE PERCENTAGE THEREOF. PROMPTLY FOLLOWING RECEIPT OF SUCH NOTICE, EACH
REVOLVING LENDER SHALL PAY TO THE ADMINISTRATIVE AGENT ITS APPLICABLE PERCENTAGE
OF THE PAYMENT THEN DUE FROM SUCH BORROWER, IN THE SAME MANNER AS PROVIDED IN
SECTION 2.08 WITH RESPECT TO LOANS MADE BY SUCH LENDER (AND SECTION 2.08 SHALL
APPLY, MUTATIS MUTANDIS, TO THE PAYMENT OBLIGATIONS OF THE REVOLVING LENDERS),
AND THE ADMINISTRATIVE AGENT SHALL PROMPTLY PAY TO THE APPLICABLE ISSUING BANK
THE AMOUNTS SO RECEIVED BY IT FROM THE REVOLVING LENDERS. PROMPTLY FOLLOWING
RECEIPT BY THE ADMINISTRATIVE AGENT OF ANY PAYMENT FROM A BORROWER PURSUANT TO
THIS PARAGRAPH, THE ADMINISTRATIVE AGENT SHALL DISTRIBUTE SUCH PAYMENT TO THE
APPLICABLE ISSUING BANK OR, TO THE EXTENT THAT REVOLVING LENDERS HAVE MADE
PAYMENTS PURSUANT TO THIS PARAGRAPH TO REIMBURSE SUCH ISSUING BANK, THEN TO SUCH
LENDERS AND SUCH ISSUING BANK AS THEIR INTERESTS MAY APPEAR. ANY PAYMENT MADE BY
A REVOLVING LENDER PURSUANT TO THIS PARAGRAPH TO REIMBURSE AN ISSUING BANK FOR
ANY LC DISBURSEMENT (OTHER THAN THE FUNDING OF ABR REVOLVING LOANS, CANADIAN
PRIME REVOLVING LOANS OR A SWINGLINE LOAN AS CONTEMPLATED ABOVE) SHALL NOT
CONSTITUTE A LOAN AND SHALL NOT RELIEVE THE APPLICABLE BORROWER OF ITS
OBLIGATION TO REIMBURSE SUCH LC DISBURSEMENT.
(F)
OBLIGATIONS ABSOLUTE. EACH BORROWER'S OBLIGATION TO REIMBURSE LC
DISBURSEMENTS AS PROVIDED IN PARAGRAPH (E) OF THIS SECTION SHALL BE ABSOLUTE,
UNCONDITIONAL AND IRREVOCABLE,