BALANCE OF THE LOANS
(AND THE OUTSTANDING PRINCIPAL OF THE LOANS SHALL BE DUE AND PAYABLE) ON THE
MATURITY DATE OR ON SUCH DATE ON WHICH THE LOANS BECOME DUE AND PAYABLE PURSUANT
TO SECTIONS 2.4 OR 2.5 OR ARTICLE IX.
(B)
EACH LENDER SHALL MAINTAIN IN ACCORDANCE WITH ITS USUAL PRACTICE
AN ACCOUNT OR ACCOUNTS EVIDENCING INDEBTEDNESS OF THE COMPANY TO SUCH LENDER
RESULTING FROM EACH LOAN OF SUCH LENDER FROM TIME TO TIME, INCLUDING THE AMOUNTS
OF PRINCIPAL AND INTEREST PAYABLE AND PAID TO SUCH LENDER FROM TIME TO TIME
UNDER THIS AGREEMENT.
(C)
THE ADMINISTRATIVE AGENT, ON BEHALF OF THE COMPANY, SHALL MAINTAIN
THE REGISTER, AND A SUBACCOUNT THEREIN FOR EACH LENDER, IN WHICH SHALL BE
RECORDED (I) THE AMOUNT OF EACH LOAN MADE HEREUNDER, (II) THE AMOUNT OF ANY
PRINCIPAL OR INTEREST DUE AND PAYABLE OR TO BECOME DUE AND PAYABLE FROM THE
COMPANY TO EACH LENDER HEREUNDER AND (III) BOTH THE AMOUNT OF ANY SUM RECEIVED
BY THE ADMINISTRATIVE AGENT HEREUNDER FROM THE COMPANY AND EACH LENDER'S SHARE
THEREOF.
THE REGISTER SHALL BE AVAILABLE FOR INSPECTION BY EACH LOAN PARTY, THE
ADMINISTRATIVE AGENT AND ANY LENDER AT ANY REASONABLE TIME AND FROM TIME TO TIME
UPON REASONABLE PRIOR NOTICE.
(D)
THE ENTRIES MADE IN THE REGISTER AND THE ACCOUNTS OF EACH LENDER
MAINTAINED PURSUANT TO SECTION 2.7(B) SHALL, TO THE EXTENT PERMITTED BY
APPLICABLE LAW, BE PRIMA FACIE EVIDENCE OF THE EXISTENCE AND AMOUNTS OF THE
OBLIGATIONS OF THE COMPANY THEREIN RECORDED; PROVIDED, HOWEVER, THAT THE FAILURE
OF ANY LENDER OR THE ADMINISTRATIVE AGENT TO MAINTAIN THE REGISTER OR ANY SUCH
ACCOUNT, OR ANY ERROR THEREIN, SHALL NOT IN ANY MANNER AFFECT THE OBLIGATION OF
THE COMPANY TO REPAY (WITH APPLICABLE INTEREST) THE LOANS MADE TO THE COMPANY BY
SUCH LENDER IN ACCORDANCE WITH THE TERMS OF THIS AGREEMENT OR THE COMPANY'S
ENTITLEMENT TO CREDIT FOR ANY PAYMENT OF PRINCIPAL OR INTEREST ON THE LOANS.
2.7
Interest.
30
(A)
EACH LOAN SHALL BEAR INTEREST ON THE PRINCIPAL AMOUNT THEREOF FROM
THE EFFECTIVE DATE OR DATE OF CONVERSION OR CONTINUATION PURSUANT TO SECTION 2.3
OF THIS AGREEMENT, AS THE CASE MAY BE, AT A RATE PER ANNUM EQUAL TO THE LESSER
OF (I) THE LIBO RATE OR THE ADJUSTED BASE RATE, AS THE CASE MAY BE, PLUS THE
APPLICABLE MARGIN AND (II) THE HIGHEST LAWFUL RATE.
(B)
INTEREST ON EACH LOAN SHALL BE PAID IN ARREARS ON EACH INTEREST
PAYMENT DATE.
INTEREST SHALL ALSO BE PAID ON THE DATE OF ANY PREPAYMENT OF
LOANS UNDER SECTION 2.4 OR 2.5 FOR THE PORTION OF THE LOANS SO PREPAID AND UPON
PAYMENT (INCLUDING PREPAYMENT) IN FULL THEREOF AND, DURING THE EXISTENCE OF ANY
EVENT OF DEFAULT, INTEREST SHALL BE PAID ON DEMAND OF THE ADMINISTRATIVE AGENT.
(C)
NOTWITHSTANDING PARAGRAPH (A) OF THIS SECTION 2.7, WHILE ANY EVENT
OF DEFAULT EXISTS OR AFTER ACCELERATION, THE COMPANY SHALL PAY INTEREST (AFTER
AS WELL AS BEFORE ENTRY OF JUDGMENT THEREON TO THE EXTENT PERMITTED BY LAW) ON
THE PRINCIPAL AMOUNT