ADVANCES.
FLOATING RATE ADVANCES SHALL CONTINUE AS
FLOATING RATE ADVANCES UNLESS AND UNTIL SUCH FLOATING RATE ADVANCES ARE
CONVERTED INTO FIXED RATE ADVANCES.
EACH FIXED RATE ADVANCE SHALL CONTINUE AS A
FIXED RATE ADVANCE UNTIL THE END OF THE THEN APPLICABLE INTEREST PERIOD
THEREFOR, AT WHICH TIME SUCH FIXED RATE ADVANCE SHALL BE AUTOMATICALLY CONVERTED
INTO A FLOATING RATE ADVANCE UNLESS THE BORROWER SHALL HAVE GIVEN THE
ADMINISTRATIVE AGENT A CONVERSION/CONTINUATION NOTICE REQUESTING THAT, AT THE
END OF SUCH INTEREST PERIOD, SUCH FIXED RATE ADVANCE EITHER CONTINUE AS A FIXED
RATE ADVANCE FOR THE SAME OR ANOTHER INTEREST PERIOD OR BE CONVERTED TO AN
ADVANCE OF ANOTHER TYPE.
SUBJECT TO THE TERMS OF SECTION 2.7, THE BORROWER MAY
ELECT FROM TIME TO TIME TO CONVERT ALL OR ANY PART OF AN ADVANCE OF ANY TYPE
INTO ANY OTHER TYPE OR TYPES OF ADVANCES; PROVIDED THAT ANY CONVERSION OF ANY
FIXED RATE ADVANCE SHALL BE MADE ON, AND ONLY ON, THE LAST DAY OF THE INTEREST
PERIOD APPLICABLE THERETO.
THE BORROWER SHALL GIVE THE ADMINISTRATIVE AGENT
IRREVOCABLE NOTICE (A "CONVERSION/CONTINUATION NOTICE") OF EACH CONVERSION OF AN
ADVANCE TO A FIXED RATE ADVANCE OR CONTINUATION OF A FIXED RATE ADVANCE NOT
LATER THAN 10:00 A.M. (CLEVELAND TIME), AT LEAST THREE BUSINESS DAYS, IN THE
CASE OF A CONVERSION INTO OR CONTINUATION OF A LIBOR ADVANCE, PRIOR TO THE DATE
OF THE REQUESTED CONVERSION OR CONTINUATION, SPECIFYING:
(I)
THE REQUESTED DATE WHICH SHALL BE A
BUSINESS DAY, OF SUCH CONVERSION OR CONTINUATION;
(II)
THE AGGREGATE AMOUNT AND TYPE OF THE
ADVANCE WHICH IS TO BE CONVERTED OR CONTINUED; AND
(III)
THE AMOUNT AND TYPE(S) OF ADVANCE(S) INTO
WHICH SUCH ADVANCE IS TO BE CONVERTED OR CONTINUED AND, IN THE CASE OF A
CONVERSION INTO OR CONTINUATION OF A FIXED RATE ADVANCE, THE DURATION OF THE
INTEREST PERIOD APPLICABLE THERETO.
2.11
CHANGES IN INTEREST RATE,
ETC.
EACH FLOATING RATE ADVANCE SHALL BEAR INTEREST ON THE OUTSTANDING
PRINCIPAL AMOUNT THEREOF, FOR EACH DAY FROM AND INCLUDING THE DATE SUCH ADVANCE
IS MADE OR IS CONVERTED FROM A FIXED RATE ADVANCE INTO A FLOATING RATE ADVANCE
PURSUANT TO SECTION 2.10 TO BUT EXCLUDING THE DATE IT BECOMES DUE OR IS
CONVERTED INTO A FIXED RATE ADVANCE PURSUANT TO SECTION 2.10 HEREOF, AT A RATE
PER ANNUM EQUAL TO THE FLOATING RATE FOR SUCH DAY.
CHANGES IN THE RATE OF
INTEREST ON THAT PORTION OF ANY ADVANCE MAINTAINED AS A FLOATING RATE ADVANCE
WILL TAKE EFFECT SIMULTANEOUSLY WITH EACH CHANGE IN THE ALTERNATE BASE RATE.
EACH FIXED RATE ADVANCE SHALL BEAR INTEREST FROM AND INCLUDING THE FIRST DAY OF
THE INTEREST PERIOD APPLICABLE THERETO TO (BUT NOT INCLUDING) THE LAST DAY OF
SUCH INTEREST PERIOD AT THE INTEREST RATE DETERMINED AS APPLICABLE TO SUCH FIXED
RATE ADVANCE.
2.12
RATES APPLICABLE AFTER
DEFAULT.
NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED IN SECTION 2.9 OR
2.10, DURING THE CONTINUANCE OF A DEFAULT OR UNMATURED DEFAULT THE REQUIRED
LENDERS MAY, AT THEIR OPTION, BY NOTICE TO THE BORROWER (WHICH NOTICE MAY