SUCH ADVANCE
IS A LOCAL CURRENCY ADVANCE OTHER THAN A EUROCURRENCY ADVANCE, A RATE PER ANNUM
CALCULATED IN THE MANNER SPECIFIED IN THE APPLICABLE LOCAL CURRENCY ADDENDUM,
PAYABLE ON THE DATES SPECIFIED IN SUCH LOCAL CURRENCY ADDENDUM.
SECTION 2.08. ADDITIONAL INTEREST ON EUROCURRENCY ADVANCES. EACH BORROWER SHALL
PAY TO EACH BANK, SO LONG AS SUCH BANK SHALL BE REQUIRED UNDER REGULATIONS OF
THE BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM TO MAINTAIN RESERVES WITH
RESPECT TO LIABILITIES OR ASSETS CONSISTING OF OR INCLUDING EUROCURRENCY
LIABILITIES, ADDITIONAL INTEREST ON THE UNPAID PRINCIPAL AMOUNT OF EACH
EUROCURRENCY ADVANCE MADE BY SUCH BANK TO SUCH BORROWER, FROM THE DATE OF SUCH
COMMITTED ADVANCE UNTIL SUCH PRINCIPAL AMOUNT IS PAID IN FULL, AT AN INTEREST
RATE PER ANNUM EQUAL AT ALL TIMES TO THE REMAINDER OBTAINED BY SUBTRACTING
(I) THE EUROCURRENCY RATE FOR THE INTEREST PERIOD FOR SUCH COMMITTED ADVANCE
FROM (II) THE RATE OBTAINED BY DIVIDING SUCH EUROCURRENCY RATE BY A PERCENTAGE
EQUAL TO 100% MINUS THE EUROCURRENCY RATE RESERVE PERCENTAGE OF SUCH BANK FOR
SUCH INTEREST PERIOD, PAYABLE ON EACH DATE ON WHICH INTEREST IS PAYABLE ON SUCH
COMMITTED ADVANCE. SUCH ADDITIONAL INTEREST SO NOTIFIED TO THE COMPANY (WHICH IN
TURN SHALL ADVISE THE APPLICABLE BORROWER) BY ANY BANK SHALL BE PAYABLE TO THE
AGENT (OR, IN THE CASE OF (A) ANY A ADVANCE WHICH IS A EUROCURRENCY ADVANCE
DENOMINATED IN AN
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Alternative Currency, the Euro-Agent, or (b) any Local Currency Advance, the
applicable Local Currency Agent) for the account of such Bank on the dates
specified for payment of interest for such Advance in Section 2.07.
SECTION 2.09. INTEREST RATE DETERMINATION.
(A)
EACH REFERENCE BANK AGREES TO FURNISH TO THE AGENT (IN THE CASE OF A
ADVANCES WHICH ARE EUROCURRENCY ADVANCES DENOMINATED IN DOLLARS), THE EURO-AGENT
(IN THE CASE OF A ADVANCES WHICH ARE EUROCURRENCY ADVANCES DENOMINATED IN ANY
ALTERNATIVE CURRENCY) AND THE APPLICABLE LOCAL CURRENCY AGENT (IN THE CASE OF
LOCAL CURRENCY ADVANCES WHICH ARE EUROCURRENCY ADVANCES) TIMELY INFORMATION FOR
THE PURPOSE OF DETERMINING EACH EUROCURRENCY RATE. THE AGENT, EURO-AGENT AND
LOCAL CURRENCY AGENT, AS APPLICABLE, SHALL GIVE PROMPT NOTICE TO THE COMPANY
(WHICH IN TURN SHALL ADVISE THE APPLICABLE BORROWER) AND THE BANKS OF THE
APPLICABLE INTEREST RATE DETERMINED BY THE AGENT FOR PURPOSES OF
SECTION 2.07(A) OR (B), AND THE APPLICABLE RATE, IF ANY, FURNISHED BY EACH
REFERENCE BANK FOR THE PURPOSE OF DETERMINING THE APPLICABLE INTEREST RATE UNDER
SECTION 2.07(B).
(B)
IF THE AGENT, THE EURO-AGENT OR A LOCAL CURRENCY AGENT SHALL, AT LEAST ONE
BUSINESS DAY BEFORE THE DATE OF ANY REQUESTED COMMITTED BORROWING OR THE
CONVERSION, REDENOMINATION OR CONTINUATION OF ANY COMMITTED BORROWING, NOTIFY
THE COMPANY AND THE BANKS THAT LESS THAN TWO OF THE REFERENCE BANKS SHALL HAVE
FURNISHED TIMELY INFORMATION TO THE AGENT FOR DETERMINING THE EUROCURRENCY RATE
FOR ANY EUROCURRENCY ADVANCES DENOMINATED IN A PARTICULAR CURRENCY, THE AGENT
SHALL FORTHWITH NOTIFY THE COMPANY AND THE BANKS THAT THE INTEREST RATE CANNOT
BE DETERMINED FOR SUCH EUROCURRENCY ADVANCES, WHEREUPON
(I)