SHALL BE CONFIRMED PROMPTLY BY HAND
DELIVERY OR FACSIMILE TO THE ADMINISTRATIVE AGENT OF A WRITTEN INTEREST ELECTION
REQUEST IN A FORM APPROVED BY THE ADMINISTRATIVE AGENT AND SIGNED BY THE
BORROWER.
(C)
EACH TELEPHONIC AND WRITTEN INTEREST ELECTION REQUEST SHALL SPECIFY
THE FOLLOWING INFORMATION IN COMPLIANCE WITH SECTION 2.02:
(I)
THE BORROWING TO WHICH SUCH INTEREST ELECTION REQUEST APPLIES AND,
IF DIFFERENT OPTIONS 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 PARAGRAPHS (III) AND (IV)
BELOW SHALL BE SPECIFIED FOR EACH RESULTING BORROWING);
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(II)
THE EFFECTIVE DATE OF THE ELECTION MADE PURSUANT TO SUCH INTEREST
ELECTION REQUEST, WHICH SHALL BE A DOMESTIC BUSINESS DAY IN THE CASE OF AN ABR
BORROWING AND A EURO-DOLLAR BUSINESS DAY IN THE CASE OF A EURO-DOLLAR BORROWING;
(III)
WHETHER THE RESULTING BORROWING IS TO BE AN ABR BORROWING OR A
EURO-DOLLAR BORROWING; AND
(IV)
IF THE RESULTING BORROWING IS A EURO-DOLLAR 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 Euro-Dollar Borrowing but does
not specify an Interest Period, then the Borrower shall be deemed to have
selected an Interest Period of one month's duration.
(D)
PROMPTLY FOLLOWING RECEIPT OF AN INTEREST ELECTION REQUEST, THE
ADMINISTRATIVE AGENT SHALL ADVISE EACH LENDER OF THE DETAILS THEREOF AND OF SUCH
LENDER'S PORTION OF EACH RESULTING BORROWING.
(E)
IF THE BORROWER FAILS TO DELIVER A TIMELY INTEREST ELECTION REQUEST
WITH RESPECT TO A EURO-DOLLAR 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 CONTINUED AS A
EURO-DOLLAR BORROWING WITH AN INTEREST PERIOD OF ONE MONTH'S DURATION.
NOTWITHSTANDING ANY CONTRARY PROVISION HEREOF, IF AN EVENT OF DEFAULT HAS
OCCURRED AND IS CONTINUING AND THE ADMINISTRATIVE AGENT, AT THE REQUEST OF THE
REQUIRED LENDERS, SO NOTIFIES THE BORROWER, THEN, SO LONG AS AN EVENT OF DEFAULT
IS CONTINUING (I) NO OUTSTANDING REVOLVING BORROWING MAY BE CONVERTED TO OR
CONTINUED AS A EURO-DOLLAR BORROWING AND (II) UNLESS REPAID, EACH EURO-DOLLAR
BORROWING SHALL BE CONVERTED TO AN ABR BORROWING AT THE END OF THE INTEREST
PERIOD APPLICABLE THERETO.
(F)
EACH REVOLVING LOAN THAT IS AN ALTERNATIVE CURRENCY LOAN SHALL HAVE
AN INITIAL INTEREST PERIOD AS SPECIFIED IN THE APPLICABLE BORROWING REQUEST.
THEREAFTER, THE BORROWER MAY ELECT TO CONTINUE SUCH BORROWING AND MAY ELECT
INTEREST PERIODS THEREFOR, BY NOTIFYING THE ADMINISTRATIVE AGENT OF SUCH
ELECTION BY TELEPHONE BY THE TIME AND AT THE OFFICE THAT A BORROWING REQUEST
WOULD BE REQUIRED UNDER SECTION 2.03 IF THE BORROWER WERE REQUESTING AN
ALTERNATIVE CURRENCY LOAN TO BE MADE ON THE EFFECTIVE DATE OF SUCH ELECTION.
THE BORROWER MAY ELECT DIFFERENT OPTIONS WITH RESPECT TO DIFFERENT PORTIONS OF
THE AFFECTED BORROWING (EACH