DATE OF ANY REPAYMENT OR PREPAYMENT IN FULL OF ALL OUTSTANDING BASE RATE LOANS
OF ANY FACILITY (BUT IN THE CASE OF ANY SUCH REPAYMENT OR PREPAYMENT IN FULL OF
ALL OUTSTANDING
8
REVOLVING LOANS MAINTAINED AS BASE RATE LOANS, ONLY IF THE TOTAL REVOLVING
COMMITMENT IS CONTEMPORANEOUSLY TERMINATED IN ITS ENTIRETY), AND (Z) AT MATURITY
(WHETHER BY ACCELERATION OR OTHERWISE) AND, AFTER SUCH MATURITY, ON DEMAND, AND
(II) IN RESPECT OF EACH EURODOLLAR LOAN, (X) ON THE LAST DAY OF EACH INTEREST
PERIOD APPLICABLE THERETO AND, IN THE CASE OF AN INTEREST PERIOD IN EXCESS OF
THREE MONTHS, ON EACH DATE OCCURRING AT THREE MONTH INTERVALS AFTER THE FIRST
DAY OF SUCH INTEREST PERIOD AND (Y) ON THE DATE OF ANY PREPAYMENT OR CONVERSION
(ON THE AMOUNT PREPAID OR CONVERTED), AT MATURITY (WHETHER BY ACCELERATION OR
OTHERWISE) AND, AFTER SUCH MATURITY, ON DEMAND.
(E)
ALL COMPUTATIONS OF INTEREST HEREUNDER
SHALL BE MADE IN ACCORDANCE WITH SECTION 12.07(B).
(F)
THE ADMINISTRATIVE AGENT, UPON
DETERMINING THE INTEREST RATE FOR ANY BORROWING OF EURODOLLAR LOANS FOR ANY
INTEREST PERIOD, SHALL PROMPTLY NOTIFY THE BORROWER AND THE LENDERS THEREOF.
1.09
INTEREST PERIODS.
(A)
AT THE TIME THE BORROWER GIVES A NOTICE OF
BORROWING OR NOTICE OF CONVERSION IN RESPECT OF THE MAKING OF, OR CONVERSION
INTO, A BORROWING OF EURODOLLAR LOANS (IN THE CASE OF THE INITIAL INTEREST
PERIOD APPLICABLE THERETO) OR PRIOR TO 12:00 NOON (NEW YORK TIME) ON THE THIRD
BUSINESS DAY PRIOR TO THE EXPIRATION OF AN INTEREST PERIOD APPLICABLE TO A
BORROWING OF EURODOLLAR LOANS, IT SHALL HAVE THE RIGHT TO ELECT BY GIVING THE
ADMINISTRATIVE AGENT WRITTEN NOTICE (OR TELEPHONIC NOTICE PROMPTLY CONFIRMED IN
WRITING) OF THE INTEREST PERIOD APPLICABLE TO SUCH BORROWING, WHICH INTEREST
PERIOD SHALL, AT THE OPTION OF THE BORROWER (BUT OTHERWISE SUBJECT TO THE
PROVISIONS OF CLAUSE (B) OF THE PROVISO TO SECTION 1.01(A)(I)), BE A ONE, TWO,
THREE, SIX OR, TO THE EXTENT AGREED TO BY ALL LENDERS WITH A COMMITMENT OR
OUTSTANDING LOANS UNDER THE RESPECTIVE FACILITY, NINE OR TWELVE MONTH PERIOD OR,
TO THE EXTENT THE PROVISIONS OF CLAUSE (B) OF THE PROVISO TO
SECTION 1.01(A)(II) ARE APPLICABLE (AND SUBJECT TO COMPLIANCE WITH SUCH
PROVISIONS), A ONE WEEK, TWO WEEK OR ONE MONTH PERIOD.
NOTWITHSTANDING ANYTHING
TO THE CONTRARY CONTAINED ABOVE:
(I)
THE INITIAL INTEREST PERIOD FOR ANY
BORROWING OF EURODOLLAR LOANS SHALL COMMENCE ON THE DATE OF SUCH BORROWING
(INCLUDING THE DATE OF ANY CONVERSION FROM A BORROWING OF BASE RATE LOANS) AND
EACH INTEREST PERIOD OCCURRING THEREAFTER IN RESPECT OF SUCH BORROWING SHALL
COMMENCE ON THE DAY ON WHICH THE NEXT PRECEDING INTEREST PERIOD EXPIRES;
(II)
IF ANY INTEREST PERIOD BEGINS ON A DAY FOR
WHICH THERE IS NO NUMERICALLY CORRESPONDING DAY IN THE CALENDAR MONTH AT THE END
OF SUCH INTEREST PERIOD, SUCH INTEREST PERIOD SHALL END ON THE LAST BUSINESS DAY
OF SUCH CALENDAR MONTH;
(III)
IF ANY INTEREST PERIOD WOULD OTHERWISE
EXPIRE ON A DAY WHICH IS NOT A BUSINESS DAY, SUCH INTEREST PERIOD SHALL