RESPECT OF DRAWS AND (G) THE REFERENCE NUMBER, OF EACH SUCH LETTER OF CREDIT
OUTSTANDING AT ANY TIME DURING THE PRECEDING MONTH.
2.9
Interest Rates and Payment Dates.
(A)
SUBJECT TO THE PROVISIONS OF SECTION 2.10,
EACH BASE RATE LOAN SHALL BEAR INTEREST (COMPUTED ON THE BASIS OF THE ACTUAL
NUMBER OF DAYS ELAPSED OVER A YEAR OF 365 OR 366 DAYS, AS THE CASE MAY BE) AT A
RATE PER ANNUM EQUAL TO THE BASE RATE PLUS THE APPLICABLE MARGIN.
(B)
SUBJECT TO THE PROVISIONS OF SECTION 2.10,
EACH LIBOR LOAN SHALL BEAR INTEREST AT A RATE PER ANNUM (COMPUTED ON THE BASIS
OF THE ACTUAL NUMBER OF DAYS ELAPSED OVER A YEAR OF 360 DAYS, PROVIDED THAT, FOR
LOANS MADE IN AN OPTIONAL CURRENCY FOR WHICH A 365-DAY BASIS IS THE ONLY MARKET
PRACTICE AVAILABLE TO THE ADMINISTRATIVE AGENT, SUCH RATE SHALL BE CALCULATED ON
THE BASIS OF THE ACTUAL NUMBER OF DAYS ELAPSED OVER A YEAR OF 365 DAYS) EQUAL TO
THE LIBOR RATE FOR THE INTEREST PERIOD IN EFFECT FOR SUCH LIBOR LOAN PLUS THE
APPLICABLE MARGIN.
(C)
SUBJECT TO THE PROVISIONS OF SECTION 2.10,
INTEREST ON EACH SWING LINE LOAN SHALL BE PAYABLE AT THE RATE (COMPUTED ON THE
BASIS OF THE ACTUAL NUMBER OF DAYS ELAPSED OVER A YEAR OF 360 DAYS) PROVIDED IN
SECTION 2.1(C); PROVIDED, THAT IF A SWING LINE LOAN BEARS INTEREST AT THE BASE
RATE, INTEREST SHALL BE COMPUTED IN ACCORDANCE WITH SUBSECTION 2.9(A) ABOVE.
(D)
INTEREST ON EACH LOAN SHALL BE PAYABLE IN
ARREARS ON EACH INTEREST PAYMENT DATE APPLICABLE TO SUCH LOAN; PROVIDED THAT,
(I) INTEREST ACCRUING ON OVERDUE AMOUNTS PURSUANT TO SECTION 2.10 SHALL BE
PAYABLE ON DEMAND AS PROVIDED IN SUCH SECTION AND (II) WITH RESPECT TO ANY SWING
LINE LOAN MADE UNDER THE CASH MANAGEMENT AGREEMENTS, INTEREST ON SUCH SWING LINE
LOANS SHALL BE PAYABLE AS PROVIDED IN SUBSECTION 2.1(C)(VII).
THE LIBOR RATE
AND THE BASE RATE SHALL BE DETERMINED BY THE ADMINISTRATIVE AGENT, AND SUCH
DETERMINATION SHALL BE CONCLUSIVE ABSENT MANIFEST ERROR.
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(E)
EACH DETERMINATION OF AN INTEREST RATE BY
THE ADMINISTRATIVE AGENT PURSUANT TO ANY PROVISION OF THIS AGREEMENT (INCLUDING
THIS SECTION 2.9 AND SECTION 2.10) SHALL BE CONCLUSIVE AND BINDING ON THE
BORROWERS AND THE LENDERS IN THE ABSENCE OF MANIFEST ERROR.
AT THE REQUEST OF
THE BORROWERS, THE ADMINISTRATIVE AGENT SHALL DELIVER TO THE BORROWERS A
STATEMENT SHOWING THE QUOTATIONS USED BY IT IN DETERMINING ANY INTEREST RATE
PURSUANT TO SUBSECTIONS 2.9(A) AND (B).
(F)
SUBJECT TO THE PROVISIONS OF THIS
AGREEMENT, THE BORROWERS MAY SELECT DIFFERENT INTEREST RATES AND DIFFERENT
INTEREST PERIODS TO APPLY SIMULTANEOUSLY TO REVOLVER LOANS COMPRISING DIFFERENT
TRANCHES AND MAY CONVERT TO OR RENEW ONE OR MORE INTEREST RATES WITH RESPECT TO
ALL OR ANY PORTION OF REVOLVER LOANS COMPRISING ANY TRANCHE, PROVIDED, THAT
THERE SHALL NOT BE AT ANY ONE TIME OUTSTANDING MORE THAN SIX (6) TRANCHES IN THE
AGGREGATE (EXCLUDING SWING LINE LOANS AND WITH BASE RATE LOANS BEING CONSIDERED,
TO THE EXTENT