THE SAME TYPE,
THERE SHALL NOT BE MORE THAN THREE INTEREST PERIODS IN EFFECT WITH RESPECT TO
LOANS.
SECTION 2.04
PREPAYMENTS.
(A)
(I) THE BORROWER MAY, UPON NOTICE TO THE ADMINISTRATIVE AGENT, AT
ANY TIME OR FROM TIME TO TIME VOLUNTARILY PREPAY THE LOANS IN WHOLE OR IN PART
WITHOUT PREMIUM OR PENALTY; PROVIDED THAT (A) SUCH NOTICE MUST BE RECEIVED BY
THE ADMINISTRATIVE AGENT NOT LATER THAN 11:00 A.M. (1) THREE BUSINESS DAYS PRIOR
TO ANY DATE OF PREPAYMENT OF EURODOLLAR LOANS AND (2) ON THE DATE OF PREPAYMENT
OF ABR LOANS AND THE FIXED RATE LOAN; (B) ANY PREPAYMENT OF LOANS OF ANY TYPE
SHALL BE IN A PRINCIPAL AMOUNT OF $1,000,000 OR A WHOLE MULTIPLE OF $500,000 IN
EXCESS THEREOF OR, IF LESS, THE THEN AGGREGATE OUTSTANDING PRINCIPAL AMOUNT OF
THE LOANS OF SUCH TYPE; AND (C) SUCH PREPAYMENT SHALL BE ACCOMPANIED BY THE
AMOUNTS SPECIFIED IN CLAUSE (III) BELOW.
(II)
EACH SUCH NOTICE SHALL SPECIFY THE DATE AND AMOUNT OF SUCH
PREPAYMENT AND THE TYPE(S) OF LOANS TO BE PREPAID.
THE ADMINISTRATIVE AGENT
WILL PROMPTLY NOTIFY EACH LENDER OF ITS RECEIPT OF EACH SUCH NOTICE, AND OF THE
AMOUNT OF SUCH LENDER'S PRO RATA SHARE OF SUCH PREPAYMENT.
IF SUCH NOTICE IS
GIVEN BY THE BORROWER, THE BORROWER SHALL MAKE SUCH PREPAYMENT AND THE PAYMENT
AMOUNT SPECIFIED IN SUCH NOTICE SHALL BE DUE AND PAYABLE ON THE DATE SPECIFIED
THEREIN.
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(III)
ANY PREPAYMENT OF ANY LOAN SHALL BE ACCOMPANIED BY ALL ACCRUED
INTEREST THEREON, TOGETHER WITH, IN THE CASE OF EURODOLLAR LOANS, ANY ADDITIONAL
AMOUNTS REQUIRED PURSUANT TO SECTION 3.05.
EACH SUCH PREPAYMENT SHALL BE
APPLIED TO THE LOANS OF THE LENDERS IN ACCORDANCE WITH THEIR RESPECTIVE
APPLICABLE PERCENTAGES.
(B)
IF FOR ANY REASON THE TOTAL CREDIT EXPOSURE AT ANY TIME EXCEEDS
THE TOTAL COMMITMENTS THEN IN EFFECT, THE BORROWER SHALL IMMEDIATELY PREPAY
LOANS OR, IF NO LOANS ARE THEN OUTSTANDING, TAKE SUCH OTHER ACTION AS THE
ADMINISTRATIVE AGENT MAY DIRECT, AS REQUIRED TO CAUSE THE TOTAL CREDIT EXPOSURE
TO BE EQUAL TO OR LESS THAN THE TOTAL COMMITMENTS.
SECTION 2.05
REPAYMENT OF LOANS.
THE BORROWER AGREES TO REPAY IN FULL
TO THE ADMINISTRATIVE AGENT FOR THE ACCOUNT OF THE LENDERS, ON THE MATURITY
DATE, THE AGGREGATE OUTSTANDING AMOUNT OF THE LOANS ON SUCH DATE.
SECTION 2.06
INTEREST.
(A)
SUBJECT TO THE PROVISIONS OF SUBSECTION (B) BELOW, (I) EACH
EURODOLLAR LOAN SHALL BEAR INTEREST ON THE OUTSTANDING PRINCIPAL AMOUNT THEREOF
FOR EACH INTEREST PERIOD WITH RESPECT THERETO AT A RATE PER ANNUM EQUAL TO THE
EURODOLLAR RATE FOR SUCH INTEREST PERIOD AND, (II) EACH ABR LOAN SHALL BEAR
INTEREST ON THE OUTSTANDING PRINCIPAL AMOUNT THEREOF FROM THE APPLICABLE
BORROWING DATE AT A RATE PER ANNUM EQUAL TO THE ALTERNATE BASE RATE FROM TIME TO
TIME.
(B)
IF ANY AMOUNT PAYABLE BY THE BORROWER UNDER ANY LOAN DOCUMENT IS
NOT PAID WHEN DUE (WITHOUT REGARD TO ANY APPLICABLE GRACE PERIODS), WHETHER AT
STATED MATURITY, BY ACCELERATION, BY MANDATORY PREPAYMENT OR OTHERWISE, SUCH
AMOUNT SHALL THEREAFTER