IN THE CASE OF A BORROWING IN CANADIAN DOLLARS, A BA DRAWING,
OR TO CONTINUE SUCH BORROWING OR BA DRAWING AND, IN THE CASE OF A EUROCURRENCY
BORROWING, MAY ELECT INTEREST PERIODS THEREFOR, ALL AS PROVIDED IN THIS
SECTION AND ON TERMS CONSISTENT WITH THE OTHER PROVISIONS OF THIS AGREEMENT, IT
BEING UNDERSTOOD THAT NO BA DRAWING MAY BE CONVERTED OR CONTINUED OTHER THAN AT
THE END OF THE CONTRACT PERIOD APPLICABLE THERETO. A BORROWER MAY ELECT
DIFFERENT OPTIONS WITH RESPECT TO DIFFERENT PORTIONS OF AN AFFECTED BORROWING OR
BA DRAWING, IN WHICH CASE EACH SUCH PORTION SHALL BE ALLOCATED RATABLY AMONG THE
LENDERS HOLDING THE LOANS COMPRISING SUCH BORROWING OR ACCEPTING THE BAS
COMPRISING SUCH BA DRAWING, AS THE CASE MAY BE, AND THE LOANS OR BAS RESULTING
FROM AN ELECTION MADE WITH RESPECT TO ANY SUCH PORTION SHALL BE CONSIDERED A
SEPARATE BORROWING OR BA DRAWING. THIS SECTION SHALL NOT APPLY TO SWINGLINE
BORROWINGS OR PROTECTIVE ADVANCES, WHICH MAY NOT BE CONVERTED OR CONTINUED.
(B)
TO MAKE AN ELECTION PURSUANT TO THIS SECTION, A BORROWER SHALL NOTIFY THE
ADMINISTRATIVE AGENT OF SUCH ELECTION BY TELEPHONE (I) IN THE CASE OF AN
ELECTION THAT WOULD RESULT IN A BORROWING, BY THE TIME THAT A BORROWING REQUEST
WOULD BE REQUIRED UNDER SECTION 2.03 IF SUCH BORROWER WERE REQUESTING A
REVOLVING BORROWING OF THE TYPE RESULTING FROM SUCH ELECTION TO BE MADE ON THE
EFFECTIVE DATE OF SUCH ELECTION, AND (II) IN THE CASE OF AN ELECTION THAT WOULD
RESULT IN A BA DRAWING OR THE CONTINUATION OF A BA DRAWING, BY THE TIME AND DATE
THAT A REQUEST WOULD BE REQUIRED UNDER SECTION 2.07 IF THE CANADIAN BORROWER
WERE REQUESTING AN ACCEPTANCE AND PURCHASE OF BAS TO BE MADE ON THE EFFECTIVE
DATE OF SUCH ELECTION. EACH SUCH INTEREST ELECTION REQUEST SHALL BE IRREVOCABLE
AND SHALL BE CONFIRMED PROMPTLY BY HAND DELIVERY OR FACSIMILE TO THE
ADMINISTRATIVE AGENT OF A WRITTEN INTEREST ELECTION REQUEST IN A FORM APPROVED
BY THE ADMINISTRATIVE AGENT AND SIGNED BY A FINANCIAL OFFICER ON BEHALF OF THE
APPLICABLE BORROWER. NOTWITHSTANDING ANY OTHER PROVISION OF THIS SECTION, A
BORROWER SHALL NOT BE PERMITTED TO (I) CHANGE THE CURRENCY OF ANY BORROWING OR
BA DRAWING OR (II) ELECT AN INTEREST PERIOD FOR EUROCURRENCY LOANS THAT DOES NOT
COMPLY WITH SECTION 2.02(D) OR ANY CONTRACT PERIOD FOR A BA DRAWING THAT DOES
NOT COMPLY WITH SECTION 2.07.
(C)
EACH TELEPHONIC AND WRITTEN INTEREST ELECTION REQUEST SHALL SPECIFY THE
FOLLOWING INFORMATION IN COMPLIANCE WITH SECTION 2.02:
(I) THE BORROWING OR BA DRAWING TO WHICH SUCH INTEREST ELECTION REQUEST APPLIES
AND, IF DIFFERENT OPTIONS ARE BEING ELECTED WITH RESPECT TO DIFFERENT PORTIONS
THEREOF, THE PORTIONS THEREOF TO BE ALLOCATED TO EACH RESULTING BORROWING OR BA
DRAWING (IN WHICH CASE THE INFORMATION TO BE SPECIFIED PURSUANT TO CLAUSES
(II) AND (III) BELOW SHALL BE SPECIFIED FOR EACH RESULTING BORROWING OR BA
DRAWING);
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(II) THE EFFECTIVE DATE OF THE ELECTION MADE PURSUANT TO SUCH INTEREST ELECTION
REQUEST, WHICH SHALL BE