COST, IF ANY, PAYABLE IN ARREARS ON THE LAST DAY OF SUCH
INTEREST PERIOD AND ON THE DATE SUCH EURIBOR ADVANCE SHALL BE PAID IN FULL.
(B)
LIBOR ADVANCES.
DURING SUCH PERIODS AS
SUCH ADVANCE IS A LIBOR ADVANCE, A RATE PER ANNUM EQUAL AT ALL TIMES DURING EACH
INTEREST PERIOD FOR SUCH ADVANCE TO THE SUM OF (X) LIBOR FOR SUCH INTEREST
PERIOD FOR SUCH ADVANCE PLUS (Y) THE APPLICABLE INTEREST RATE MARGIN PLUS (Z)
MANDATORY COST, IF ANY, PAYABLE IN ARREARS ON THE LAST DAY OF SUCH INTEREST
PERIOD AND ON THE DATE SUCH LIBOR ADVANCE SHALL BE PAID IN FULL; PROVIDED, THAT
NOTWITHSTANDING THE FOREGOING, INTEREST ACCRUED ON EACH LIBOR ADVANCE ON OR
PRIOR TO THE DATE THAT IS THE EARLIER OF THE TERMINATION DATE AND THE
REDENOMINATION DATE SHALL BE PAYABLE IN ARREARS ON SUCH DATE (AND SUBJECT, IN
THE CASE OF A REDENOMINATION OF ADVANCES, TO BEING CAPITALIZED PURSUANT TO
SECTION 2.16).
2.5.
Absence of Interest Period for Advances;
Number of Interest Periods.
(a)
If the Borrower shall fail to select the
duration of any Interest Period for any Advances beginning on or after the
Availability Date in accordance with the provisions contained in the definition
of the term "Interest Period," the Administrative Agent will forthwith so notify
the Borrower and the Lenders and the Interest Period for such Advances will
automatically, on the last day of the then existing Interest Period therefor, be
one month.
(B)
THE BORROWER MAY NOT SELECT MORE THAN
TWO SIMULTANEOUS INTEREST PERIODS FOR ADVANCES FOR ANY PERIOD BEGINNING ON THE
DATE THAT IS ONE MONTH AFTER THE EXTENSION DATE.
2.6.
Interest Rate Determination for Advances.
(a)
Methods to Determine EURIBOR and LIBOR.
The Administrative Agent shall
determine EURIBOR and LIBOR by using the methods described in the definition of
the terms "EURIBOR" and "LIBOR," respectively, and shall give prompt notice to
the Borrower and Lenders of each such EURIBOR or LIBOR.
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(B)
ROLE OF REFERENCE BANKS.
IN THE EVENT
THAT EURIBOR OR LIBOR CANNOT BE DETERMINED BY THE METHOD DESCRIBED IN CLAUSE (A)
OF THE DEFINITIONS "EURIBOR" OR "LIBOR," RESPECTIVELY, EACH REFERENCE BANK
AGREES TO FURNISH TO THE ADMINISTRATIVE AGENT TIMELY INFORMATION FOR THE PURPOSE
OF DETERMINING EURIBOR OR LIBOR, AS THE CASE MAY BE, IN ACCORDANCE WITH THE
METHOD DESCRIBED IN CLAUSE (B) OF THE DEFINITIONS THEREOF.
IF ANY ONE OR MORE
OF THE REFERENCE BANKS SHALL NOT FURNISH SUCH TIMELY INFORMATION TO THE
ADMINISTRATIVE AGENT FOR THE PURPOSE OF DETERMINING EURIBOR OR LIBOR, THE
ADMINISTRATIVE AGENT SHALL DETERMINE SUCH INTEREST RATE ON THE BASIS OF TIMELY
INFORMATION FURNISHED BY THE REMAINING REFERENCE BANKS.
(C)
MARKET DISRUPTION. (I) IF THE
APPLICABLE REUTERS PAGE OR BRITISH BANKERS' ASSOCIATION SCREEN IS UNAVAILABLE
AND NO REFERENCE BANKS FURNISH TIMELY INFORMATION TO THE ADMINISTRATIVE AGENT
FOR DETERMINING EURIBOR FOR ANY EURIBOR ADVANCES OR LIBOR FOR ANY LIBOR
ADVANCES, AS THE CASE MAY BE, OR (II) THE LENDERS OWED OR REQUIRED TO LEND AT
LEAST 50.1% OF THE AGGREGATE PRINCIPAL AMOUNT