provided that any
such reduction or termination shall be accompanied by payment of all accrued and
unpaid Facility Fees with respect to the portion of the Commitments being
reduced or terminated.
The Administrative Agent shall promptly notify the
Lenders of any reduction or termination of the Commitments under this Section.
Each Lender's Commitment shall be reduced by an amount equal to such Lender's
Pro Rata Share times the amount of such reduction.
SECTION 2.06.
PRINCIPAL AND INTEREST.
(A)
IF NOT SOONER PAID, THE OUTSTANDING
PRINCIPAL AMOUNT OF EACH COMMITTED LOAN AND COMPETITIVE LOAN SHALL BE DUE AND
PAYABLE ON THE MATURITY DATE OR, IF SUCH LOAN IS NOT CONTINUED OR CONVERTED, AT
THE END OF THE APPLICABLE INTEREST PERIOD.
(B)
EACH BORROWER SHALL PAY INTEREST ON THE
UNPAID PRINCIPAL AMOUNT OF THE LOANS MADE TO IT (BEFORE AND AFTER DEFAULT,
BEFORE AND AFTER MATURITY, BEFORE AND AFTER JUDGMENT, AND BEFORE AND AFTER THE
COMMENCEMENT OF ANY INSOLVENCY PROCEEDING) FROM THE DATE BORROWED UNTIL PAID IN
FULL (WHETHER AT STATED MATURITY, BY ACCELERATION OR OTHERWISE) ON EACH INTEREST
PAYMENT DATE FOR EACH TYPE OF LOAN AT A RATE PER ANNUM EQUAL TO THE APPLICABLE
INTEREST RATE DETERMINED IN ACCORDANCE WITH THE DEFINITION OF SUCH TYPE OF LOAN
IN THIS AGREEMENT, PLUS, IN THE CASE OF IBOR LOANS, THE APPLICABLE AMOUNT.
(C)
IF ANY AMOUNT OF PRINCIPAL OF OR INTEREST
ON ANY LOAN OR ANY OTHER AMOUNT PAYABLE UNDER ANY LOAN DOCUMENT IS NOT PAID IN
FULL WHEN DUE (WHETHER BY
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ACCELERATION OR OTHERWISE) OR, IN THE CASE OF REIMBURSEMENT OBLIGATIONS UNDER
SECTION 2.11, ONE BUSINESS DAY AFTER THE DATE SUCH REIMBURSEMENT OBLIGATIONS
ACCRUES, EACH BORROWER SHALL PAY INTEREST ON SUCH UNPAID AMOUNT FROM THE DATE
SUCH AMOUNT BECOMES DUE (OR, IN THE CASE OF REIMBURSEMENT OBLIGATIONS UNDER
SECTION 2.11, ONE BUSINESS DAY AFTER THE DATE SUCH REIMBURSEMENT OBLIGATION
ACCRUES) UNTIL THE DATE SUCH AMOUNT IS PAID IN FULL, AND AFTER AS WELL AS BEFORE
ANY ENTRY OF JUDGMENT THEREON, AT A FLUCTUATING RATE OF INTEREST RATE EQUAL TO
THE DEFAULT RATE.
ACCRUED AND UNPAID INTEREST ON PAST DUE AMOUNTS (INCLUDING,
WITHOUT LIMITATION, INTEREST ON PAST DUE INTEREST) SHALL BE COMPOUNDED MONTHLY,
ON THE LAST DAY OF EACH CALENDAR MONTH, TO THE FULLEST EXTENT PERMITTED BY
REQUIREMENT OF LAW, AND PAYABLE ON DEMAND.
(D)
AMOUNTS DUE UNDER THIS AGREEMENT IN RESPECT
OF ANY LOAN SHALL BE DEEMED PAID FOR THE PURPOSES OF THIS AGREEMENT ONLY, IN THE
CASE OF DOLLAR LOANS, TO THE EXTENT PAID IN DOLLARS OR, IN THE CASE OF FOREIGN
CURRENCY LOANS, TO THE EXTENT PAID IN THE APPLICABLE FOREIGN CURRENCY.
IF THE
ADMINISTRATIVE AGENT RECEIVES ANY PAYMENT IN RESPECT OF ANY LOAN IN ANY CURRENCY
OTHER THAN THE CURRENCY OF SUCH LOAN, (INCLUDING UPON ENFORCEMENT OF OR
COLLECTION OF A JUDGMENT), THE ADMINISTRATIVE AGENT MAY IN ITS SOLE DISCRETION
RETURN SUCH PAYMENT TO THE PAYOR OR CONVERT SUCH PAYMENT TO THE CURRENCY OF SUCH
LOAN AND APPLY THE NET PROCEEDS TO PAYMENT OF AMOUNTS DUE IN