RESPECT THERETO.
IF THE LEAD BORROWER FAILS TO GIVE A
TIMELY NOTICE OF A CONVERSION OR CONTINUATION IN A CONVERSION/CONTINUATION
NOTICE, THEN THE APPLICABLE COMMITTED LOANS SHALL BE CONVERTED TO PRIME RATE
LOANS.
ANY SUCH AUTOMATIC CONVERSION TO PRIME RATE LOANS SHALL BE EFFECTIVE AS
OF THE LAST DAY OF THE INTEREST PERIOD THEN IN EFFECT WITH RESPECT TO THE
APPLICABLE LIBO RATE LOANS.
IF THE LEAD BORROWER REQUESTS A CONVERSION TO OR
CONTINUATION OF LIBO RATE LOANS IN A CONVERSION/CONTINUATION NOTICE, BUT FAILS
TO SPECIFY AN INTEREST PERIOD, IT WILL BE DEEMED TO HAVE SPECIFIED AN INTEREST
PERIOD OF ONE MONTH.
NOTWITHSTANDING ANYTHING TO THE CONTRARY HEREIN, A SWING
LINE LOAN MAY NOT BE CONVERTED TO A LIBO RATE LOAN.
IF NO TIMELY NOTICE OF A
CONVERSION OR CONTINUATION IN A CONVERSION/CONTINUATION NOTICE IS PROVIDED BY
THE LEAD BORROWER, THE ADMINISTRATIVE AGENT SHALL NOTIFY EACH LENDER OF THE
DETAILS OF ANY AUTOMATIC CONVERSION TO PRIME RATE LOANS DESCRIBED IN THIS
SECTION 2.02(C).
(D)
THE ADMINISTRATIVE AGENT, WITHOUT THE
REQUEST OF THE LEAD BORROWER, MAY ADVANCE ANY INTEREST, FEE, SERVICE CHARGE,
CREDIT PARTY EXPENSES, OR OTHER PAYMENT TO WHICH ANY CREDIT PARTY IS ENTITLED
FROM THE LOAN PARTIES PURSUANT HERETO OR ANY OTHER LOAN DOCUMENT AND MAY CHARGE
THE SAME TO THE LOAN ACCOUNT NOTWITHSTANDING THAT AN OVERADVANCE MAY RESULT
THEREBY.
THE ADMINISTRATIVE AGENT SHALL ADVISE THE LEAD BORROWER OF ANY SUCH
ADVANCE OR CHARGE PROMPTLY AFTER THE MAKING THEREOF.
SUCH ACTION ON THE PART OF THE ADMINISTRATIVE AGENT SHALL NOT CONSTITUTE A
WAIVER OF THE ADMINISTRATIVE AGENT'S RIGHTS AND THE BORROWERS' OBLIGATIONS UNDER
SECTIONS 2.05(C), 2.05(D) OR 2.05(E).
ANY AMOUNT WHICH IS ADDED TO THE
PRINCIPAL BALANCE OF THE LOAN ACCOUNT AS PROVIDED IN THIS SECTION 2.02(B) SHALL
BEAR INTEREST AT THE INTEREST RATE THEN AND THEREAFTER APPLICABLE TO PRIME RATE
LOANS.
(E)
EXCEPT AS OTHERWISE PROVIDED HEREIN, A LIBO
RATE LOAN MAY BE CONTINUED OR CONVERTED ONLY ON THE LAST DAY OF AN INTEREST
PERIOD FOR SUCH LIBO RATE LOAN.
DURING THE EXISTENCE OF A DEFAULT, NO LOANS MAY
BE REQUESTED AS, CONVERTED TO OR CONTINUED AS LIBO RATE LOANS WITHOUT THE
CONSENT OF THE REQUIRED LENDERS.
(F)
THE ADMINISTRATIVE AGENT SHALL PROMPTLY
NOTIFY THE LEAD BORROWER AND THE LENDERS OF THE INTEREST RATE APPLICABLE TO ANY
INTEREST PERIOD FOR LIBO RATE LOANS UPON DETERMINATION OF SUCH INTEREST RATE.
AT ANY TIME THAT PRIME RATE LOANS ARE OUTSTANDING, THE ADMINISTRATIVE AGENT
SHALL NOTIFY THE LEAD BORROWER AND THE LENDERS OF ANY CHANGE IN BANK OF
AMERICA'S PRIME RATE USED IN DETERMINING THE PRIME RATE PROMPTLY FOLLOWING THE
PUBLIC ANNOUNCEMENT OF SUCH CHANGE.
(G)
AFTER GIVING EFFECT TO ALL COMMITTED
BORROWINGS, ALL CONVERSIONS OF COMMITTED LOANS FROM ONE TYPE TO THE OTHER, AND
ALL CONTINUATIONS OF COMMITTED LOANS AS THE SAME TYPE, THERE SHALL NOT BE MORE
THAN SIX (6) INTEREST PERIODS IN EFFECT WITH RESPECT TO COMMITTED LOANS.
(H)
THE ADMINISTRATIVE AGENT, THE LENDERS, THE
SWING LINE LENDER AND THE L/C ISSUER SHALL HAVE NO OBLIGATION TO