THEREOF, THE PORTIONS THEREOF TO BE ALLOCATED TO EACH RESULTING BORROWING (IN
WHICH CASE THE INFORMATION TO BE SPECIFIED PURSUANT TO CLAUSES (III) AND (IV)
BELOW SHALL BE SPECIFIED FOR EACH RESULTING BORROWING), (II) THE EFFECTIVE DATE
OF THE ELECTION MADE PURSUANT TO SUCH INTEREST ELECTION REQUEST, WHICH SHALL BE
A BUSINESS DAY, (III) WHETHER THE RESULTING BORROWING IS TO BE AN ABR BORROWING
OR A EURODOLLAR BORROWING, AND (IV) IF THE RESULTING BORROWING IS A EURODOLLAR
BORROWING, THE INTEREST PERIOD TO BE APPLICABLE THERETO AFTER GIVING EFFECT TO
SUCH ELECTION, WHICH SHALL BE A PERIOD CONTEMPLATED
SUPERPRIORITY SECURED DEBTOR-IN-POSSESSION CREDIT AGREEMENT
LSC COMMUNICATIONS, INC.
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BY THE DEFINITION OF THE TERM "INTEREST PERIOD."
IF ANY SUCH INTEREST ELECTION
REQUEST REQUESTS A EURODOLLAR BORROWING BUT DOES NOT SPECIFY AN INTEREST PERIOD,
THEN THE BORROWER SHALL BE DEEMED TO HAVE SELECTED AN INTEREST PERIOD OF ONE
MONTH'S DURATION.
(D)
PROMPTLY FOLLOWING RECEIPT OF AN INTEREST ELECTION REQUEST,
THE ADMINISTRATIVE AGENT SHALL ADVISE EACH RELEVANT LENDER OF THE DETAILS
THEREOF AND OF SUCH LENDER'S PORTION OF EACH RESULTING BORROWING.
(E)
IF THE BORROWER FAILS TO DELIVER A TIMELY INTEREST ELECTION
REQUEST WITH RESPECT TO A EURODOLLAR BORROWING PRIOR TO THE END OF THE INTEREST
PERIOD APPLICABLE THERETO, THEN, UNLESS SUCH BORROWING IS REPAID AS PROVIDED
HEREIN, AT THE END OF SUCH INTEREST PERIOD SUCH BORROWING SHALL BE CONTINUED AS
SUCH FOR AN INTEREST PERIOD OF ONE MONTH.
NOTWITHSTANDING ANY CONTRARY
PROVISION HEREOF, IF AN EVENT OF DEFAULT HAS OCCURRED AND IS CONTINUING AND THE
ADMINISTRATIVE AGENT, AT THE REQUEST OF THE REQUIRED LENDERS, SO NOTIFIES THE
BORROWER, THEN, SO LONG AS AN EVENT OF DEFAULT IS CONTINUING (I) NO OUTSTANDING
BORROWING MAY BE CONVERTED TO OR CONTINUED AS A EURODOLLAR BORROWING AND (II)
UNLESS REPAID, EACH EURODOLLAR BORROWING SHALL BE CONVERTED TO AN ABR BORROWING
AT THE END OF THE INTEREST PERIOD APPLICABLE THERETO.
SECTION 2.06
TERMINATION AND REDUCTION OF COMMITMENTS.
NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED HEREIN:
(A)
THE BORROWER SHALL HAVE THE RIGHT, UPON NOT LESS THAN THREE
BUSINESS DAYS' NOTICE TO THE ADMINISTRATIVE AGENT, TO TERMINATE THE REVOLVING
COMMITMENTS OR, FROM TIME TO TIME, TO PERMANENTLY REDUCE THE AMOUNT OF THE
REVOLVING COMMITMENTS IN WHOLE OR IN PART; PROVIDED THAT (I) IN THE CASE OF ANY
SUCH PARTIAL REDUCTION, THE BORROWER SHALL DESIGNATE WHETHER SUCH REDUCTION
SHALL REDUCE THE REVOLVING LOANS SUBLIMIT OR THE LC SUBLIMIT AND, IN THE ABSENCE
OF SUCH DESIGNATION, SUCH REDUCTION SHALL REDUCE THE REVOLVING LOANS SUBLIMIT;
(II) NO SUCH TERMINATION OR REDUCTION OF REVOLVING COMMITMENTS SHALL BE
PERMITTED IF, AFTER GIVING EFFECT THERETO, (A) THE OUTSTANDING REVOLVING CREDITS
OF ALL LENDERS WOULD EXCEED THE TOTAL REVOLVING COMMITMENTS, (B) THE TOTAL
REVOLVING LOANS WOULD EXCEED THE REVOLVING LOANS SUBLIMIT OR (C) THE LC EXPOSURE
WOULD EXCEED THE LC SUBLIMIT.
ANY SUCH REDUCTION SHALL BE IN AN AMOUNT EQUAL TO
AN INTEGRAL MULTIPLE OF $100,000 AND NOT LESS THAN $1,000,000 AND SHALL REDUCE
PERMANENTLY THE COMMITMENTS THEN IN EFFECT.
(B)
THE TOTAL