AGENT SHALL SOMETIMES BE REFERRED TO AS A "REIMBURSEMENT OBLIGATION") THE
AGENT IN DOLLARS PRIOR TO 12:00 NOON, PITTSBURGH TIME ON EACH DATE THAT AN
AMOUNT IS PAID BY THE AGENT UNDER ANY LETTER OF CREDIT (EACH SUCH DATE, AN
"DRAWING DATE") IN AN AMOUNT EQUAL TO THE DOLLAR EQUIVALENT AMOUNT SO PAID BY
THE AGENT.
IN THE EVENT THE BORROWER FAILS TO REIMBURSE THE AGENT FOR THE FULL
DOLLAR EQUIVALENT AMOUNT OF ANY DRAWING UNDER ANY LETTER OF CREDIT BY 12:00
NOON, PITTSBURGH TIME, ON THE DRAWING DATE, THE AGENT WILL PROMPTLY NOTIFY EACH
LENDER THEREOF, AND THE BORROWER SHALL BE DEEMED TO HAVE REQUESTED THAT
REVOLVING CREDIT LOANS BE MADE BY THE LENDERS IN DOLLARS UNDER THE BASE RATE
OPTION TO BE DISBURSED ON THE DRAWING DATE UNDER SUCH LETTER OF CREDIT, SUBJECT
TO THE AMOUNT OF THE UNUTILIZED PORTION OF THE REVOLVING CREDIT COMMITMENT AND
SUBJECT TO THE CONDITIONS SET FORTH IN SECTION 7.2 [EACH ADDITIONAL LOAN] OTHER
THAN ANY NOTICE REQUIREMENTS.
ANY NOTICE GIVEN BY THE AGENT PURSUANT TO THIS
SECTION MAY BE ORAL IF IMMEDIATELY CONFIRMED IN WRITING; PROVIDED THAT
THE LACK OF SUCH AN IMMEDIATE CONFIRMATION SHALL NOT AFFECT THE CONCLUSIVENESS
OR BINDING EFFECT OF SUCH NOTICE.
EACH LENDER SHALL, UPON ANY
NOTICE PURSUANT TO SECTION , MAKE AVAILABLE TO THE AGENT AN AMOUNT IN
DOLLARS IN IMMEDIATELY AVAILABLE FUNDS EQUAL TO ITS RATABLE SHARE OF THE DOLLAR
EQUIVALENT AMOUNT OF THE DRAWING MINUS, IN THE EVENT OF ANY DRAWING AFTER THE
EXPIRATION DATE, ANY AMOUNT APPLIED BY THE AGENT AGAINST SUCH DRAWING FROM
AMOUNTS DEPOSITED TO CASH COLLATERALIZE SUCH OBLIGATIONS PURSUANT TO
SECTION 2.10.10 [CASH COLLATERAL] (WHETHER OR NOT THE CONDITIONS SET FORTH IN
SECTION 7.2 [EACH ADDITIONAL LOAN] HAVE BEEN SATISFIED), WHEREUPON THE
PARTICIPATING LENDERS SHALL (SUBJECT TO SECTION ) EACH BE DEEMED TO HAVE
MADE A REVOLVING CREDIT LOAN UNDER THE BASE RATE OPTION TO THE BORROWER IN THAT
AMOUNT.
IF ANY LENDER SO NOTIFIED FAILS TO MAKE AVAILABLE IN DOLLARS TO THE
AGENT FOR THE ACCOUNT OF THE AGENT THE AMOUNT OF SUCH LENDER'S RATABLE SHARE OF
SUCH DOLLAR EQUIVALENT AMOUNT BY NO LATER THAN 2:00 P.M., PITTSBURGH TIME ON THE
DRAWING DATE, THEN INTEREST SHALL ACCRUE, AND SHALL BE PAYABLE BY SUCH LENDER ON
DEMAND, ON SUCH LENDER'S OBLIGATION TO MAKE SUCH PAYMENT, FROM THE DRAWING DATE
TO THE DATE ON WHICH SUCH LENDER MAKES SUCH PAYMENT (I) AT A RATE PER ANNUM
EQUAL TO THE FEDERAL FUNDS EFFECTIVE RATE DURING THE FIRST THREE DAYS FOLLOWING
THE DRAWING DATE, AND (II) AT A RATE PER ANNUM EQUAL TO THE RATE APPLICABLE TO
LOANS UNDER THE BASE RATE OPTION ON AND AFTER THE FOURTH DAY FOLLOWING THE
DRAWING DATE.
THE AGENT WILL PROMPTLY GIVE NOTICE OF THE OCCURRENCE OF THE
DRAWING DATE, BUT FAILURE OF THE AGENT TO GIVE ANY SUCH NOTICE ON THE DRAWING
DATE OR IN SUFFICIENT TIME TO ENABLE ANY LENDER TO EFFECT SUCH PAYMENT ON SUCH
DATE SHALL NOT RELIEVE SUCH LENDER FROM ITS