IN EFFECT WITH RESPECT TO THE APPLICABLE FIXED PERIOD
EURODOLLAR LOANS.
IF THE APPLICABLE BORROWER REQUESTS A REVOLVING LOAN OF,
CONVERSION TO, OR CONTINUATION OF FIXED PERIOD EURODOLLAR LOANS IN ANY SUCH
REVOLVING LOAN NOTICE, BUT FAILS TO SPECIFY AN INTEREST PERIOD, IT WILL BE
DEEMED TO HAVE SPECIFIED AN INTEREST PERIOD OF ONE MONTH.
(B)
FOLLOWING RECEIPT OF A REVOLVING LOAN NOTICE, THE ADMINISTRATIVE
AGENT SHALL PROMPTLY NOTIFY EACH LENDER OF THE AMOUNT OF ITS APPLICABLE
PERCENTAGE OF THE APPLICABLE REVOLVING LOANS, AND IF NO TIMELY NOTICE OF A
CONVERSION OR CONTINUATION IS PROVIDED BY THE BORROWERS, THE ADMINISTRATIVE
AGENT SHALL PROMPTLY NOTIFY EACH LENDER OF THE DETAILS OF ANY AUTOMATIC
CONVERSION TO BASE RATE LOANS DESCRIBED IN THE PRECEDING SUBSECTION.
IN THE
CASE OF A REVOLVING LOAN, EACH LENDER SHALL MAKE THE AMOUNT OF ITS REVOLVING
LOAN AVAILABLE TO THE ADMINISTRATIVE AGENT IN IMMEDIATELY AVAILABLE FUNDS AT THE
ADMINISTRATIVE AGENT'S OFFICE NOT LATER THAN 1:00 P.M. ON THE BUSINESS DAY
SPECIFIED IN THE APPLICABLE REVOLVING LOAN NOTICE.
UPON SATISFACTION OF THE
APPLICABLE CONDITIONS SET FORTH IN SECTION 4.02 (AND, IF SUCH BORROWING IS THE
INITIAL BORROWING, SECTION 4.01), THE ADMINISTRATIVE AGENT SHALL MAKE ALL FUNDS
SO RECEIVED AVAILABLE TO THE BORROWERS IN LIKE FUNDS AS RECEIVED BY THE
ADMINISTRATIVE AGENT BY WIRE TRANSFER OF SUCH FUNDS TO THE ACCOUNT SPECIFIED BY
THE APPLICABLE BORROWER.
(C)
EXCEPT AS OTHERWISE PROVIDED HEREIN, A FIXED PERIOD EURODOLLAR
LOAN MAY BE CONTINUED OR CONVERTED ONLY ON THE LAST DAY OF AN INTEREST PERIOD
FOR SUCH LOAN.
DURING THE EXISTENCE OF A DEFAULT,
30
NO LOANS MAY BE REQUESTED AS, CONVERTED TO OR CONTINUED AS FIXED PERIOD
EURODOLLAR LOANS OR DAILY FLOATING EURODOLLAR LOANS WITHOUT THE CONSENT OF THE
REQUIRED LENDERS.
(D)
THE ADMINISTRATIVE AGENT SHALL PROMPTLY NOTIFY THE BORROWERS AND
THE LENDERS OF THE INTEREST RATE APPLICABLE TO ANY DAILY FLOATING EURODOLLAR
LOANS OR ANY INTEREST PERIOD FOR FIXED PERIOD EURODOLLAR LOANS UPON
DETERMINATION OF SUCH INTEREST RATE.
AT ANY TIME THAT BASE RATE LOANS ARE
OUTSTANDING, THE ADMINISTRATIVE AGENT SHALL NOTIFY THE BORROWERS AND THE LENDERS
OF ANY CHANGE IN BANK OF AMERICA'S PRIME RATE USED IN DETERMINING THE BASE RATE
PROMPTLY FOLLOWING THE PUBLIC ANNOUNCEMENT OF SUCH CHANGE.
(E)
AFTER GIVING EFFECT TO ALL REVOLVING LOANS, ALL CONVERSIONS OF
REVOLVING LOANS FROM ONE TYPE TO THE OTHER, AND ALL CONTINUATIONS OF REVOLVING
LOANS AS THE SAME TYPE, THERE SHALL NOT BE MORE THAN TEN (10) INTEREST PERIODS
IN EFFECT WITH RESPECT TO REVOLVING LOANS.
2.03
SWINGLINE LOANS.
(A)
THE SWINGLINE.
SUBJECT TO THE TERMS AND CONDITIONS SET FORTH
HEREIN, THE SWINGLINE LENDER AGREES, IN RELIANCE UPON THE AGREEMENTS OF THE
OTHER LENDERS SET FORTH IN THIS SECTION 2.03, TO MAKE TRANCHE A LOANS AND
TRANCHE B LOANS (EACH SUCH LOAN, A "SWINGLINE LOAN") TO THE BORROWERS FROM TIME
TO TIME ON ANY BUSINESS DAY DURING THE AVAILABILITY PERIOD IN AN AGGREGATE
AMOUNT NOT TO EXCEED AT ANY TIME OUTSTANDING THE AMOUNT OF THE SWINGLINE
SUBLIMIT, NOTWITHSTANDING THE FACT THAT