RESPECTIVE TRANCHE
(OR SUCH EARLIER DATE OR DATES AS SHALL BE REQUESTED BY THE BORROWER), WITH THE
AMOUNT TO BE SO RELEASED AND APPLIED ON THE LAST DAY OF EACH INTEREST PERIOD TO
BE THE AMOUNT OF SUCH EURODOLLAR RATE LOANS (EXCLUDING ANY SUCH EURODOLLAR RATE
LOANS WHICH ARE TERM LOANS TO THE EXTENT THE RESPECTIVE TERM LOAN LENDERS HAVE
WAIVED THEIR RIGHTS TO RECEIVE SUCH PAYMENT IN ACCORDANCE WITH THE PROVISIONS OF
SECTION 2.5(N)) TO WHICH SUCH INTEREST PERIOD APPLIES (OR, IF LESS, THE AMOUNT
REMAINING IN SUCH CASH COLLATERAL ACCOUNT); PROVIDED THAT ON THE 90TH DAY AFTER
THE DEPOSIT THEREOF, ANY AMOUNT REMAINING FROM THE RESPECTIVE DEPOSIT PURSUANT
TO THE CASH COLLATERAL ACCOUNT SHALL BE APPLIED TO REPAY OUTSTANDING LOANS WHICH
WOULD OTHERWISE HAVE BEEN REPAID IN THE ABSENCE OF THIS SENTENCE.
IN THE
ABSENCE OF A
60
DESIGNATION BY THE BORROWER AS DESCRIBED IN THE FIRST SENTENCE OF THIS
CLAUSE (G)(I), EACH REPAYMENT OF LOANS PURSUANT TO SECTION 2.5 SHALL BE APPLIED
FIRST TO THE PAYMENT OF BASE RATE LOANS AND SECOND TO THE PAYMENT OF EURODOLLAR
RATE LOANS IN THE ORDER OF THE INTEREST PERIODS APPLICABLE THERETO SOONEST TO
END.
IF THERE IS MORE THAN ONE EURODOLLAR RATE LOAN MATURING ON ANY ONE DATE,
THEN, IN THE ABSENCE OF CONTRARY INSTRUCTIONS FROM THE BORROWER, (I) IF SUCH
EURODOLLAR RATE LOANS BEAR INTEREST AT DIFFERENT RATES, PAYMENT SHALL BE APPLIED
TO THE EURODOLLAR RATE LOANS BEARING THE HIGHER RATE OF INTEREST AND (II) IF
SUCH EURODOLLAR RATE LOANS BEAR INTEREST AT THE SAME INTEREST RATE, PAYMENT
SHALL BE APPLIED TO WHICHEVER EURODOLLAR RATE LOAN THE ADMINISTRATIVE AGENT
SHALL SELECT IN ITS SOLE DISCRETION.
(II)
ANY REDUCTION TO THE TOTAL REVOLVING CREDIT COMMITMENTS PURSUANT
TO THIS SECTION 2.5 SHALL REDUCE THE REVOLVING CREDIT COMMITMENT OF EACH OF THE
REVOLVING CREDIT LENDERS PRO RATA (BASED ON EACH REVOLVING CREDIT LENDER'S
REVOLVING CREDIT PROPORTIONATE SHARE).
(III)
ANY PREPAYMENT OF TERM LOANS PURSUANT TO THIS SECTION 2.5 AND
SECTION 7.10 SHALL PERMANENTLY REDUCE THE TERM LOAN OUTSTANDINGS OF EACH TERM
LOAN LENDER RATABLY IN ACCORDANCE WITH ITS TERM LOAN PROPORTIONATE SHARE.
(H)
VOLUNTARY REDUCTION OF REVOLVING CREDIT COMMITMENTS.
THE BORROWER
MAY PERMANENTLY REDUCE OR TERMINATE THE UNUTILIZED TOTAL REVOLVING CREDIT
COMMITMENTS AT ANY TIME AND FROM TIME TO TIME IN WHOLE OR IN PART UPON AT LEAST
THREE BUSINESS DAYS' PRIOR WRITTEN NOTICE TO THE ADMINISTRATIVE AGENT; PROVIDED,
HOWEVER, THAT EACH SUCH REDUCTION MUST BE IN AN AMOUNT NOT LESS THAN $250,000
(AND IN INCREMENTS OF $50,000 IF IN EXCESS THEREOF); AND PROVIDED FURTHER, THAT
(I) IF THE BORROWER SEEKS TO REDUCE THE TOTAL REVOLVING CREDIT COMMITMENTS TO AN
AMOUNT LESS THAN $10,000,000, THEN THE TOTAL REVOLVING CREDIT COMMITMENTS SHALL
BE REDUCED TO ZERO AND (II) ONCE REDUCED, THE AMOUNT OF ANY SUCH REDUCTIONS IN
THE TOTAL REVOLVING CREDIT COMMITMENTS MAY NOT BE REINSTATED.
(I)
MANDATORY COMMITMENT REDUCTIONS AND PREPAYMENTS RELATING TO
ISSUANCES OF DEBT.
IN ADDITION TO ANY OTHER MANDATORY REPAYMENTS OR COMMITMENT
REDUCTIONS PURSUANT TO THIS SECTION 2.5,