REQUIRED LENDERS, AND THE REQUIRED LENDERS
MAY DEMAND THAT ANY OR ALL OF THE THEN OUTSTANDING EUROCURRENCY RATE COMMITTED
LOANS DENOMINATED IN AN ALTERNATIVE CURRENCY BE PREPAID, OR REDENOMINATED INTO
DOLLARS IN THE AMOUNT OF THE DOLLAR EQUIVALENT THEREOF, ON THE LAST DAY OF THE
THEN CURRENT INTEREST PERIOD WITH RESPECT THERETO.
(D)
THE ADMINISTRATIVE AGENT SHALL PROMPTLY
NOTIFY THE COMPANY AND THE LENDERS OF THE INTEREST RATE APPLICABLE TO ANY
INTEREST PERIOD FOR EUROCURRENCY RATE COMMITTED LOANS UPON DETERMINATION OF SUCH
INTEREST RATE.
AT ANY TIME THAT BASE RATE LOANS ARE OUTSTANDING, THE
ADMINISTRATIVE AGENT SHALL NOTIFY THE COMPANY AND THE LENDERS OF ANY CHANGE IN
BANK OF AMERICA'S PRIME RATE USED IN DETERMINING THE BASE RATE PROMPTLY
FOLLOWING THE PUBLIC ANNOUNCEMENT OF SUCH CHANGE.
(E)
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 TEN INTEREST PERIODS IN EFFECT WITH RESPECT TO COMMITTED LOANS.
2.03
BID LOANS.
(A)
GENERAL.
SUBJECT TO THE TERMS AND
CONDITIONS SET FORTH HEREIN, EACH LENDER AGREES THAT THE COMPANY MAY FROM TIME
TO TIME REQUEST THE LENDERS TO SUBMIT OFFERS TO MAKE LOANS IN DOLLARS (EACH SUCH
LOAN, A "BID LOAN") TO THE COMPANY PRIOR TO THE MATURITY DATE PURSUANT TO THIS
SECTION 2.03; PROVIDED, HOWEVER, THAT AFTER GIVING EFFECT TO ANY BID BORROWING,
(I) THE TOTAL OUTSTANDINGS SHALL NOT EXCEED THE AGGREGATE COMMITMENTS, AND
(II) THE AGGREGATE OUTSTANDING AMOUNT OF ALL BID LOANS SHALL NOT EXCEED THE BID
LOAN SUBLIMIT.
THERE SHALL NOT BE MORE THAN FIVE DIFFERENT INTEREST PERIODS IN
EFFECT WITH RESPECT TO BID LOANS AT ANY TIME.
(B)
REQUESTING COMPETITIVE BIDS.
THE COMPANY
MAY REQUEST THE SUBMISSION OF COMPETITIVE BIDS BY DELIVERING A BID REQUEST TO
THE ADMINISTRATIVE AGENT NOT LATER THAN 12:00 NOON (I) ONE BUSINESS DAY PRIOR TO
THE REQUESTED DATE OF ANY BID BORROWING THAT IS TO CONSIST OF ABSOLUTE RATE
LOANS, OR (II) FOUR BUSINESS DAYS PRIOR TO THE REQUESTED DATE OF ANY BID
BORROWING THAT IS TO CONSIST OF EURODOLLAR MARGIN BID LOANS.
EACH BID REQUEST
SHALL SPECIFY (I) THE REQUESTED DATE OF THE BID BORROWING (WHICH SHALL BE A
BUSINESS DAY), (II) THE AGGREGATE PRINCIPAL AMOUNT OF BID LOANS REQUESTED (WHICH
MUST BE $10,000,000 OR A WHOLE MULTIPLE OF $1,000,000 IN EXCESS THEREOF),
(III) THE TYPE OF BID LOANS REQUESTED, AND (IV) THE DURATION OF THE INTEREST
PERIOD WITH RESPECT THERETO, AND SHALL BE SIGNED BY A RESPONSIBLE OFFICER OF THE
COMPANY.
NO BID REQUEST SHALL CONTAIN A REQUEST FOR (I) MORE THAN ONE TYPE OF
BID LOAN OR (II) BID LOANS HAVING MORE THAN THREE DIFFERENT INTEREST PERIODS.
UNLESS THE ADMINISTRATIVE AGENT OTHERWISE AGREES IN ITS SOLE AND ABSOLUTE
DISCRETION, THE COMPANY MAY NOT SUBMIT A BID REQUEST IF IT HAS SUBMITTED ANOTHER
BID REQUEST WITHIN THE PRIOR FIVE BUSINESS DAYS.
30
(C)
SUBMITTING COMPETITIVE BIDS.
(I)
THE ADMINISTRATIVE AGENT SHALL PROMPTLY
NOTIFY EACH LENDER OF