OF A CONTRACT PERIOD ENDING IN A LEAP YEAR).
(D)
THE US BORROWER AGREES TO PAY TO THE ADMINISTRATIVE AGENT, FOR ITS OWN
ACCOUNT, FEES PAYABLE IN THE AMOUNTS AND AT THE TIMES SEPARATELY AGREED UPON
BETWEEN THE US BORROWER AND THE ADMINISTRATIVE AGENT.
(E)
ALL FEES PAYABLE HEREUNDER SHALL BE PAID ON THE DATES DUE, IN IMMEDIATELY
AVAILABLE FUNDS, TO THE ADMINISTRATIVE AGENT (OR TO THE ISSUING BANKS, IN THE
CASE OF FEES PAYABLE TO THEM) FOR DISTRIBUTION, IN THE CASE OF COMMITMENT FEES
AND PARTICIPATION FEES, TO THE LENDERS ENTITLED THERETO. FEES PAID SHALL NOT BE
REFUNDABLE UNDER ANY CIRCUMSTANCES.
SECTION 2.14. INTEREST. (A)
THE LOANS COMPRISING EACH ABR BORROWING, EACH
SWINGLINE LOAN DENOMINATED IN US DOLLARS AND EACH PROTECTIVE ADVANCE SHALL BEAR
INTEREST AT THE ALTERNATE BASE RATE PLUS THE APPLICABLE RATE.
(B)
THE LOANS COMPRISING EACH CANADIAN PRIME REVOLVING BORROWING AND EACH
SWINGLINE LOAN DENOMINATED IN CANADIAN DOLLARS SHALL BEAR INTEREST AT THE
CANADIAN PRIME RATE PLUS THE APPLICABLE RATE.
(C)
THE LOANS COMPRISING EACH EUROCURRENCY BORROWING SHALL BEAR INTEREST AT THE
ADJUSTED LIBO RATE FOR THE INTEREST PERIOD IN EFFECT FOR SUCH BORROWING PLUS THE
APPLICABLE RATE.
(D)
NOTWITHSTANDING THE FOREGOING, IF ANY PRINCIPAL OF OR INTEREST ON ANY LOAN
OR ANY FEE OR OTHER AMOUNT PAYABLE BY A BORROWER HEREUNDER IS NOT PAID WHEN DUE,
WHETHER AT STATED MATURITY, UPON ACCELERATION OR OTHERWISE, SUCH OVERDUE AMOUNT
SHALL BEAR INTEREST, AFTER AS WELL AS BEFORE JUDGMENT, AT A RATE PER ANNUM EQUAL
TO (I) IN THE CASE OF OVERDUE PRINCIPAL OF ANY LOAN, 2% PER ANNUM PLUS THE
INTEREST RATE OTHERWISE APPLICABLE TO SUCH LOAN AS PROVIDED IN THE PRECEDING
PARAGRAPHS OF THIS SECTION OR (II) IN THE CASE OF ANY OTHER AMOUNT, 2% PER ANNUM
PLUS THE RATE APPLICABLE TO ABR REVOLVING LOANS MADE TO THE US BORROWER (IN THE
CASE OF AMOUNTS PAYABLE IN US DOLLARS) OR THE RATE APPLICABLE TO CANADIAN PRIME
REVOLVING LOANS (IN THE CASE OF AMOUNTS PAYABLE IN US DOLLARS), IN EACH CASE AS
PROVIDED IN PARAGRAPH (A) OR (B) OF THIS SECTION.
(E)
ACCRUED INTEREST ON EACH LOAN SHALL BE PAYABLE IN ARREARS ON EACH INTEREST
PAYMENT DATE FOR SUCH LOAN AND, IN THE CASE OF REVOLVING LOANS, UPON TERMINATION
OF THE REVOLVING COMMITMENTS; PROVIDED THAT (I) INTEREST ACCRUED PURSUANT TO
PARAGRAPH (D) OF THIS SECTION SHALL BE PAYABLE ON DEMAND, (II) IN THE EVENT OF
ANY REPAYMENT OR PREPAYMENT OF ANY LOAN (OTHER THAN A PREPAYMENT OF AN ABR
REVOLVING
68
LOAN OR CANADIAN PRIME REVOLVING LOAN PRIOR TO THE END OF THE REVOLVING
AVAILABILITY PERIOD), ACCRUED INTEREST ON THE PRINCIPAL AMOUNT REPAID OR PREPAID
SHALL BE PAYABLE ON THE DATE OF SUCH REPAYMENT OR PREPAYMENT AND (III) IN THE
EVENT OF ANY CONVERSION OF ANY EUROCURRENCY LOAN PRIOR TO THE END OF THE CURRENT
INTEREST PERIOD THEREFOR, ACCRUED INTEREST ON SUCH LOAN SHALL BE PAYABLE ON THE
EFFECTIVE DATE OF SUCH CONVERSION. ALL INTEREST SHALL BE PAYABLE IN THE CURRENCY
IN WHICH THE APPLICABLE LOAN