Loans of such Type.
ARTICLE III
PAYMENTS OF PRINCIPAL AND INTEREST
SECTION 3.01.
REPAYMENT OF LOANS.
(A)
REVOLVING CREDIT LOANS.
ON THE TERMINATION
DATE THE BORROWER SHALL REPAY THE OUTSTANDING AGGREGATE PRINCIPAL AMOUNT OF THE
LOANS AND ALL ACCRUED AND UNPAID INTEREST THEREON.
(B)
GENERALLY.
THE BORROWER WILL PAY TO THE
AGENT, FOR THE ACCOUNT OF EACH LENDER, THE PRINCIPAL PAYMENTS REQUIRED BY THIS
SECTION 3.01.
SECTION 3.02.
INTEREST.
(A)
INTEREST RATES.
THE BORROWER WILL PAY TO
THE AGENT, FOR THE ACCOUNT OF EACH LENDER, AS APPROPRIATE, INTEREST ON THE
UNPAID PRINCIPAL AMOUNT OF EACH LOAN MADE BY SUCH LENDER FOR THE PERIOD
COMMENCING ON THE DATE SUCH LOAN IS MADE TO, BUT EXCLUDING, THE DATE SUCH LOAN
SHALL BE PAID IN FULL, AT THE FOLLOWING RATES PER ANNUM:
(I)
IF SUCH A LOAN IS A BASE RATE LOAN, THE
BASE RATE (AS IN EFFECT FROM TIME TO TIME) PLUS THE APPLICABLE MARGIN, BUT IN NO
EVENT TO EXCEED THE HIGHEST LAWFUL RATE; AND
(II)
IF SUCH A LOAN IS A LIBOR LOAN, FOR EACH
INTEREST PERIOD RELATING THERETO, THE LIBOR RATE FOR SUCH LOAN PLUS THE
APPLICABLE MARGIN (AS IN EFFECT FROM TIME TO TIME), BUT IN NO EVENT TO EXCEED
THE HIGHEST LAWFUL RATE.
(B)
POST-DEFAULT RATE.
NOTWITHSTANDING THE
FOREGOING, THE BORROWER WILL PAY TO THE AGENT, FOR THE ACCOUNT OF EACH LENDER
INTEREST AT THE APPLICABLE POST-DEFAULT RATE ON ANY PRINCIPAL OF ANY LOAN MADE
BY SUCH LENDER, AND (TO THE FULLEST EXTENT PERMITTED BY LAW) ON ANY OTHER AMOUNT
PAYABLE BY THE BORROWER HEREUNDER OR UNDER ANY LOAN DOCUMENT FOR THE PERIOD
COMMENCING ON THE DATE OF AN EVENT OF DEFAULT UNTIL THE SAME IS PAID IN FULL OR
ALL EVENTS OF DEFAULT ARE CURED OR WAIVED.
(C)
DUE DATES.
ACCRUED INTEREST ON BASE RATE
LOANS SHALL BE PAYABLE ON EACH QUARTERLY DATE, AND ACCRUED INTEREST ON EACH
LIBOR LOAN SHALL BE PAYABLE ON THE LAST DAY OF THE INTEREST PERIOD THEREFOR AND,
IF SUCH INTEREST PERIOD IS LONGER THAN THREE MONTHS, AT THREE-MONTH INTERVALS
FOLLOWING THE FIRST DAY OF SUCH INTEREST PERIOD, EXCEPT THAT INTEREST PAYABLE AT
THE POST-DEFAULT RATE SHALL BE PAYABLE FROM TIME TO TIME ON DEMAND AND INTEREST
ON ANY LIBOR LOAN THAT IS CONVERTED INTO A BASE RATE LOAN PURSUANT TO
SECTION 5.04 SHALL BE PAYABLE ON THE DATE OF
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CONVERSION (BUT ONLY TO THE EXTENT SO CONVERTED).
ALL ACCRUED AND UNPAID
INTEREST ON THE LOANS SHALL BE PAID ON THE TERMINATION DATE.
(D)
DETERMINATION OF RATES.
PROMPTLY AFTER THE
DETERMINATION OF ANY INTEREST RATE PROVIDED FOR HEREIN OR ANY CHANGE THEREIN,
THE AGENT SHALL NOTIFY THE LENDERS AND THE BORROWER THEREOF.
EACH DETERMINATION
BY THE AGENT OF AN INTEREST RATE OR FEE HEREUNDER SHALL, EXCEPT IN CASES OF
MANIFEST ERROR, BE FINAL, CONCLUSIVE AND BINDING ON THE PARTIES.
ARTICLE IV
PAYMENTS; PRO RATA TREATMENT; COMPUTATIONS; ETC.
SECTION 4.01.
PAYMENTS.
Except to the extent otherwise provided herein, all payments of principal,
interest and other amounts to be made by