THE NEXT BUSINESS DAY, AND
ANY APPLICABLE INTEREST OR FEE SHALL CONTINUE TO ACCRUE.
EXCEPT FOR PAYMENTS
AND OTHER AMOUNTS RECEIVED BY THE ADMINISTRATIVE AGENT AND APPLIED IN ACCORDANCE
WITH THE PROVISIONS OF PARAGRAPH (D) BELOW OR REQUIRED TO BE APPLIED IN
ACCORDANCE WITH SECTION 2.09(B)(VI), THE BORROWER SHALL, AT THE TIME IT MAKES
ANY PAYMENTS UNDER THIS AGREEMENT, SPECIFY TO THE ADMINISTRATIVE AGENT THE LOAN,
LETTERS OF CREDIT, FEES OR OTHER AMOUNTS PAYABLE BY THE BORROWER HEREUNDER TO
WHICH SUCH PAYMENT IS TO BE APPLIED (AND IF IT FAILS TO SPECIFY OR IF SUCH
APPLICATION WOULD BE INCONSISTENT WITH THE TERMS HEREOF, THE ADMINISTRATIVE
AGENT SHALL, SUBJECT TO PARAGRAPH (D) BELOW, TO SECTION 2.08, TO SECTION
2.09(B)(VI) AND TO SECTION 2.12 , DISTRIBUTE SUCH PAYMENT TO THE LENDERS IN SUCH
MANNER AS THE ADMINISTRATIVE AGENT MAY DEEM REASONABLY APPROPRIATE).
THE
ADMINISTRATIVE AGENT MAY IN ITS SOLE DISCRETION, DISTRIBUTE SUCH PAYMENTS TO THE
APPLICABLE LENDERS ON THE DATE OF RECEIPT THEREOF, IF SUCH PAYMENT IS RECEIVED
PRIOR TO 2:00 P.M.; OTHERWISE THE ADMINISTRATIVE AGENT MAY, IN ITS SOLE
DISCRETION, DISTRIBUTE SUCH PAYMENT TO THE APPLICABLE LENDERS ON THE DATE OF
RECEIPT THEREOF OR ON THE IMMEDIATELY SUCCEEDING BUSINESS DAY.
WHENEVER ANY
PAYMENT HEREUNDER SHALL BE DUE ON A DAY WHICH IS NOT A BUSINESS DAY, THE DATE
FOR PAYMENT THEREOF SHALL BE EXTENDED TO THE NEXT SUCCEEDING BUSINESS DAY UNLESS
(IN THE CASE OF EURODOLLAR LOANS) SUCH BUSINESS DAY FALLS IN ANOTHER CALENDAR
MONTH, IN WHICH CASE THE DATE FOR PAYMENT THEREOF SHALL BE THE NEXT PRECEDING
BUSINESS DAY.
IF THE DATE FOR ANY PAYMENT OF PRINCIPAL IS EXTENDED BY OPERATION
OF LAW OR OTHERWISE, INTEREST THEREON SHALL BE PAYABLE FOR SUCH EXTENDED TIME.
THE BORROWER HEREBY AUTHORIZES AND DIRECTS THE ADMINISTRATIVE AGENT TO DEBIT ANY
ACCOUNT MAINTAINED BY THE BORROWER WITH THE ADMINISTRATIVE AGENT TO PAY WHEN DUE
ANY AMOUNTS REQUIRED TO BE PAID FROM TIME TO TIME UNDER THIS AGREEMENT.
(B)
DISTRIBUTIONS BY THE ADMINISTRATIVE AGENT.
UNLESS THE
ADMINISTRATIVE AGENT SHALL HAVE RECEIVED NOTICE (WHICH MAY BE BY TELEPHONE IF
PROMPTLY CONFIRMED IN WRITING) FROM THE BORROWER PRIOR TO THE DATE ON WHICH ANY
PAYMENT IS DUE TO THE LENDERS HEREUNDER THAT THE BORROWER WILL NOT MAKE SUCH
PAYMENT IN FULL, THE ADMINISTRATIVE AGENT MAY ASSUME THAT THE BORROWER HAS MADE
SUCH PAYMENT IN
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FULL TO THE ADMINISTRATIVE AGENT ON SUCH DATE, AND THE ADMINISTRATIVE AGENT MAY,
IN RELIANCE UPON SUCH ASSUMPTION, CAUSE TO BE DISTRIBUTED TO EACH LENDER ON SUCH
DUE DATE AN AMOUNT EQUAL TO THE AMOUNT THEN DUE SUCH LENDER.
IF AND TO THE
EXTENT THAT THE BORROWER SHALL NOT HAVE SO MADE SUCH PAYMENT, EACH LENDER SHALL
REPAY TO THE ADMINISTRATIVE AGENT FORTHWITH ON DEMAND SUCH AMOUNT DISTRIBUTED TO
SUCH LENDER TOGETHER WITH INTEREST THEREON, FOR EACH DAY FROM THE DATE SUCH
AMOUNT IS DISTRIBUTED TO SUCH LENDER UNTIL THE DATE SUCH LENDER REPAYS SUCH
AMOUNT TO THE ADMINISTRATIVE AGENT, AT THE FEDERAL FUNDS RATE.
(C)
COMPUTATIONS.
ALL COMPUTATIONS OF INTEREST FOR