ITS LOAN IN ANY PARTICULAR PLACE OR MANNER.
(B)
PRESUMPTION OF FUNDING BY THE LENDERS.
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 SECTION 2.05(A) AND MAY, IN RELIANCE UPON SUCH
ASSUMPTION, MAKE AVAILABLE TO THE 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 APPLICABLE LENDER AND THE
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 THE 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 AND (II) IN THE CASE OF THE BORROWER, THE INTEREST RATE APPLICABLE
TO ABR LOANS.
IF THE BORROWER AND SUCH LENDER SHALL PAY SUCH INTEREST TO THE
ADMINISTRATIVE AGENT FOR THE SAME OR AN OVERLAPPING PERIOD, THE ADMINISTRATIVE
AGENT SHALL PROMPTLY REMIT TO THE BORROWER THE AMOUNT OF SUCH INTEREST PAID BY
THE BORROWER FOR SUCH PERIOD.
IF SUCH LENDER PAYS ITS SHARE OF THE APPLICABLE
BORROWING TO THE ADMINISTRATIVE AGENT, THEN THE AMOUNT SO PAID SHALL CONSTITUTE
SUCH LENDER'S LOAN INCLUDED IN SUCH BORROWING.
ANY PAYMENT BY THE BORROWER
SHALL BE WITHOUT PREJUDICE TO ANY CLAIM THE BORROWER MAY HAVE AGAINST A LENDER
THAT SHALL HAVE FAILED TO MAKE SUCH PAYMENT TO THE ADMINISTRATIVE AGENT.
SECTION 2.06.
TERMINATION AND REDUCTION OF AGGREGATE
MAXIMUM CREDIT AMOUNTS.
(A)
SCHEDULED TERMINATION OF COMMITMENTS.
UNLESS PREVIOUSLY TERMINATED, THE COMMITMENTS SHALL TERMINATE ON THE MATURITY
DATE.
IF AT ANY TIME THE AGGREGATE MAXIMUM CREDIT AMOUNTS OR THE BORROWING BASE
IS TERMINATED OR REDUCED TO ZERO, THEN THE COMMITMENTS SHALL TERMINATE ON THE
EFFECTIVE DATE OF SUCH TERMINATION OR REDUCTION.
(B)
OPTIONAL TERMINATION AND REDUCTION OF
AGGREGATE CREDIT AMOUNTS.
(I)
THE BORROWER MAY AT ANY TIME TERMINATE,
OR FROM TIME TO TIME REDUCE, THE AGGREGATE MAXIMUM CREDIT AMOUNTS; PROVIDED THAT
(A) EACH REDUCTION OF THE
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AGGREGATE MAXIMUM CREDIT AMOUNTS SHALL BE IN AN AMOUNT THAT IS AN INTEGRAL
MULTIPLE OF $500,000 AND NOT LESS THAN $2,500,000 AND (B) THE BORROWER SHALL NOT
TERMINATE OR REDUCE THE AGGREGATE MAXIMUM CREDIT AMOUNTS IF, AFTER GIVING EFFECT
TO ANY CONCURRENT PREPAYMENT OF THE LOANS IN ACCORDANCE WITH SECTION 3.04(C),
THE TOTAL REVOLVING CREDIT EXPOSURES WOULD EXCEED THE TOTAL COMMITMENTS.
(II)
THE BORROWER SHALL NOTIFY THE
ADMINISTRATIVE AGENT OF ANY ELECTION TO TERMINATE OR REDUCE THE AGGREGATE
MAXIMUM CREDIT AMOUNTS UNDER SECTION 2.06(B)(I) AT LEAST THREE BUSINESS DAYS
PRIOR TO THE EFFECTIVE DATE OF