DATE OF
PAYMENT TO AN AMOUNT NOT TO EXCEED 100% OF THE ALTERNATIVE CURRENCY SUBLIMIT
THEN IN EFFECT;
(G)
SHALL, IMMEDIATELY UPON ANY ACCELERATION OF THE MATURITY OF ANY
LOANS PURSUANT TO SECTION 7.2, REPAY ALL LOANS; AND
(H)
EACH REPAYMENT AND PREPAYMENT OF ANY LOANS MADE PURSUANT TO THIS
SECTION 2.8.1 SHALL BE WITHOUT PREMIUM OR PENALTY, EXCEPT AS MAY BE REQUIRED BY
SECTION 2.11, AND SHALL BE APPLIED IN ACCORDANCE WITH SECTION 2.8.2.
OTHER THAN
ANY MANDATORY PREPAYMENT OF PRINCIPAL OF THE LOANS IN ACCORDANCE WITH SECTION
2.8.1(B) AND AS PROVIDED IN SECTIONS 2.2 AND 7.2, NO MANDATORY OR VOLUNTARY
PREPAYMENT OF PRINCIPAL OF THE LOANS SHALL CAUSE A PERMANENT REDUCTION IN THE
REVOLVING COMMITMENT AMOUNT.
EACH MANDATORY PREPAYMENT OF PRINCIPAL OF THE
LOANS IN ACCORDANCE WITH SECTION 2.8.1(B) SHALL RESULT IN A PERMANENT REDUCTION
IN THE REVOLVING COMMITMENT AMOUNT IN AN AMOUNT EQUAL TO SUCH MANDATORY
PREPAYMENT.
EACH SUCH PERMANENT REDUCTION IN THE REVOLVING COMMITMENT AMOUNT
SHALL BE ALLOCATED AMONG THE LENDERS IN ACCORDANCE WITH THEIR RESPECTIVE
REVOLVING CREDIT PERCENTAGE.
PRIOR TO THE OCCURRENCE OF A DEFAULT, AT THE
BORROWER'S OPTION, THE ADMINISTRATIVE AGENT SHALL HOLD ALL MANDATORY PREPAYMENTS
MADE PURSUANT TO SECTION 2.8.1(C) OR (F) IN ESCROW IN AN ACCOUNT FOR THE BENEFIT
OF THE LENDERS AND SHALL RELEASE SUCH AMOUNTS UPON THE EXPIRATION OF THE
INTEREST PERIODS APPLICABLE TO ANY REVOLVING LOANS BEING PREPAID (IT BEING
UNDERSTOOD THAT INTEREST SHALL CONTINUE TO ACCRUE ON SUCH REVOLVING LOANS UNTIL
SUCH TIME AS SUCH PREPAYMENTS ARE RELEASED FROM ESCROW AND APPLIED TO REDUCE
SUCH REVOLVING LOANS).
10
SECTION 2.8.2.
APPLICATION. AMOUNTS TO BE APPLIED IN CONNECTION WITH THE
VOLUNTARY AND MANDATORY PREPAYMENTS PAID PURSUANT TO THE PROVISIONS OF SECTION
2.8.1 (OTHER THAN, FOR THE AVOIDANCE OF DOUBT, ANY CASH COLLATERAL) SHALL BE
APPLIED TO THE REPAYMENT OF ANY OUTSTANDING LOANS (WITHOUT ANY PERMANENT
REDUCTION TO THE REVOLVING COMMITMENTS OTHER THAN PURSUANT TO SECTIONS 2.8.1(B),
2.2 AND 7.2).
SECTION 2.9.
INTEREST PAYMENTS.
INTEREST ON ALL LOANS SHALL ACCRUE AND BE
PAYABLE IN ACCORDANCE WITH THIS SECTION 2.9.
SECTION 2.9.1.
RATES.
FROM THE DATE ANY LOAN IS MADE TO THE DATE THE PRINCIPAL
AMOUNT OF SUCH LOAN IS REPAID IN FULL, INTEREST SHALL ACCRUE ON THE OUTSTANDING
PRINCIPAL AMOUNT OF SUCH LOAN AT A RATE PER ANNUM:
(A)
ON THAT PORTION OF THE OUTSTANDING PRINCIPAL AMOUNT THEREOF
MAINTAINED FROM TIME TO TIME AS A BASE RATE LOAN (INCLUDING, WITHOUT LIMITATION,
ANY SWING LINE LOANS) EQUAL TO THE BASE RATE FROM TIME TO TIME IN EFFECT, PLUS,
THE THEN APPLICABLE BASE RATE MARGIN; AND
(B)
ON THAT PORTION OF THE OUTSTANDING PRINCIPAL AMOUNT THEREOF
MAINTAINED FROM TIME TO TIME AS A EURODOLLAR RATE LOAN, DURING EACH INTEREST
PERIOD APPLICABLE THERETO, EQUAL TO THE SUM OF THE LIBOR RATE FOR SUCH INTEREST
PERIOD, PLUS THE THEN APPLICABLE EURODOLLAR RATE MARGIN.
SECTION 2.9.2.
DEFAULT RATE.
IF ALL OR A PORTION OF THE PRINCIPAL AMOUNT OF
ANY LOAN OR REIMBURSEMENT OBLIGATION SHALL NOT BE PAID WHEN DUE (WHETHER AT THE
STATED MATURITY,