OF BORROWING
IS SPECIFIED, THEN THE REQUESTED BORROWING SHALL BE AN ABR BORROWING. IF NO
INTEREST PERIOD IS SPECIFIED WITH RESPECT TO ANY REQUESTED EURODOLLAR BORROWING,
THEN THE COMPANY (ON BEHALF OF THE APPLICABLE BORROWER) SHALL BE DEEMED TO HAVE
SELECTED AN INTEREST PERIOD OF ONE MONTH'S DURATION. PROMPTLY FOLLOWING RECEIPT
OF A BORROWING REQUEST IN ACCORDANCE WITH THIS SECTION, THE ADMINISTRATIVE AGENT
SHALL ADVISE EACH LENDER OF THE DETAILS THEREOF AND OF THE AMOUNT OF SUCH
LENDER'S LOAN TO BE MADE AS PART OF THE REQUESTED BORROWING.
SECTION 2.4
FUNDING OF BORROWINGS.
(A)
EACH LENDER SHALL MAKE EACH LOAN TO BE MADE
BY IT HEREUNDER ON THE PROPOSED DATE THEREOF BY WIRE TRANSFER OF IMMEDIATELY
AVAILABLE FUNDS BY 1:00 P.M., NEW YORK CITY TIME, TO THE ACCOUNT OF THE
ADMINISTRATIVE AGENT MOST RECENTLY DESIGNATED BY IT FOR SUCH PURPOSE BY NOTICE
TO THE LENDERS. SUBJECT TO SECTION 5.2, THE ADMINISTRATIVE AGENT WILL MAKE SUCH
LOANS AVAILABLE TO THE APPLICABLE BORROWER BY PROMPTLY CREDITING OR OTHERWISE
TRANSFERRING THE AMOUNTS SO RECEIVED, IN LIKE FUNDS, TO THE ACCOUNT OF SUCH
BORROWER AS SPECIFIED IN THE BORROWING REQUEST PURSUANT TO SECTION 2.3(A)(VI)
AND DESIGNATED BY THE COMPANY (ON BEHALF OF SUCH BORROWER) IN THE APPLICABLE
BORROWING REQUEST.
(B)
UNLESS THE ADMINISTRATIVE AGENT SHALL HAVE
RECEIVED NOTICE FROM A LENDER PRIOR TO THE PROPOSED DATE OF ANY BORROWING THAT
SUCH LENDER WILL NOT MAKE AVAILABLE TO THE ADMINISTRATIVE AGENT SUCH LENDER'S
SHARE OF SUCH BORROWING, THE ADMINISTRATIVE AGENT MAY ASSUME THAT SUCH LENDER
HAS MADE SUCH SHARE AVAILABLE ON SUCH DATE IN ACCORDANCE WITH PARAGRAPH (A) OF
THIS SECTION, AND MAY, IN RELIANCE UPON SUCH ASSUMPTION, MAKE AVAILABLE TO THE
APPLICABLE BORROWER A CORRESPONDING AMOUNT. IN SUCH EVENT, IF A LENDER HAS NOT
IN FACT MADE ITS SHARE OF THE APPLICABLE BORROWING AVAILABLE TO THE
ADMINISTRATIVE AGENT, THEN THE LENDER AND THE APPLICABLE BORROWER SEVERALLY
AGREE TO PAY TO THE ADMINISTRATIVE AGENT FORTHWITH ON DEMAND SUCH CORRESPONDING
AMOUNT WITH INTEREST THEREON, FOR EACH DAY FROM AND INCLUDING THE DATE SUCH
AMOUNT IS MADE AVAILABLE TO SUCH BORROWER TO BUT EXCLUDING THE DATE OF PAYMENT
TO THE ADMINISTRATIVE AGENT, AT (I) IN THE CASE OF SUCH LENDER, THE GREATER OF
THE FEDERAL FUNDS EFFECTIVE RATE AND A RATE DETERMINED BY THE ADMINISTRATIVE
AGENT IN ACCORDANCE WITH BANKING INDUSTRY RULES ON INTERBANK COMPENSATION OR
(II) IN THE CASE OF SUCH BORROWER, THE INTEREST RATE THAT WOULD BE OTHERWISE
APPLICABLE TO SUCH BORROWING. IF SUCH LENDER PAYS SUCH AMOUNT TO THE
ADMINISTRATIVE AGENT, THEN SUCH AMOUNT SHALL CONSTITUTE SUCH LENDER'S LOAN
INCLUDED IN SUCH BORROWING.
SECTION 2.5
TERMINATION, REDUCTION AND
INCREASE OF COMMITMENTS.
(A)
UNLESS PREVIOUSLY TERMINATED, THE
COMMITMENTS SHALL TERMINATE ON THE MATURITY DATE.
(B)
THE COMPANY MAY AT ANY TIME TERMINATE, OR
FROM TIME TO TIME REDUCE, THE COMMITMENTS, PROVIDED THAT (I) THE COMPANY SHALL
NOT TERMINATE OR REDUCE THE COMMITMENTS IF, AFTER GIVING EFFECT TO ANY
CONCURRENT PREPAYMENT OF THE LOANS IN ACCORDANCE WITH SECTION 2.7, THE AGGREGATE
OUTSTANDING PRINCIPAL AMOUNT OF ALL