THE DOLLAR EQUIVALENT OF THE ALTERNATE CURRENCY LETTERS OF CREDIT
THEN OUTSTANDING (AFTER GIVING EFFECT TO ANY LOANS TO BE MADE OR REPAID ON SUCH
DATE) AND (II) NOTIFY THE LENDERS AND THE BORROWER OF THE RESULTS OF SUCH
DETERMINATION AND OF THE RESULTING TOTAL REVOLVING CREDIT EXPOSURES.
SECTION 2.21.
EXTENSION OF MATURITY DATE.
(A)
THE BORROWER MAY, BY DELIVERY
OF A WRITTEN REQUEST (A "MATURITY DATE EXTENSION REQUEST") TO THE PAYING AGENT
(WHICH SHALL PROMPTLY DELIVER A COPY TO EACH OF THE LENDERS) NOT LESS THAN
30 DAYS AND NOT MORE THAN 90 DAYS PRIOR TO ANY ANNIVERSARY OF THE EFFECTIVE
DATE, REQUEST THAT THE LENDERS EXTEND THE MATURITY DATE FOR AN ADDITIONAL PERIOD
OF ONE YEAR; PROVIDED THAT THERE SHALL BE NO MORE THAN TWO EXTENSIONS OF THE
MATURITY DATE PURSUANT TO THIS SECTION.
(B)
EACH LENDER SHALL, BY NOTICE TO THE BORROWER AND THE PAYING AGENT GIVEN NOT
LATER THAN THE 20TH DAY AFTER THE DATE OF THE PAYING AGENT'S RECEIPT OF THE
BORROWER'S MATURITY DATE EXTENSION REQUEST (OR SUCH OTHER DATE AS THE BORROWER
AND THE PAYING AGENT MAY AGREE; SUCH DATE, THE "EXTENSION DATE"), ADVISE THE
BORROWER WHETHER OR NOT IT AGREES TO THE REQUESTED EXTENSION (EACH LENDER
AGREEING TO A REQUESTED EXTENSION BEING CALLED A "CONSENTING LENDER", AND EACH
LENDER DECLINING TO AGREE TO A REQUESTED EXTENSION BEING CALLED A "DECLINING
LENDER").
ANY LENDER THAT HAS NOT SO ADVISED THE BORROWER AND THE PAYING AGENT
BY SUCH EXTENSION DATE SHALL BE DEEMED TO HAVE DECLINED TO AGREE TO SUCH
EXTENSION AND SHALL BE A DECLINING LENDER.
(C)
IF LENDERS CONSTITUTING THE REQUIRED LENDERS SHALL HAVE AGREED TO A
MATURITY DATE EXTENSION REQUEST BY THE EXTENSION DATE, THEN THE MATURITY DATE
SHALL, AS TO THE CONSENTING LENDERS, BE EXTENDED TO THE FIRST ANNIVERSARY OF THE
MATURITY DATE THERETOFORE IN EFFECT.
THE DECISION TO AGREE OR WITHHOLD
AGREEMENT TO ANY MATURITY DATE EXTENSION REQUEST SHALL BE AT THE SOLE DISCRETION
OF EACH LENDER.
THE COMMITMENT OF ANY DECLINING LENDER SHALL TERMINATE ON THE
MATURITY DATE IN EFFECT PRIOR TO GIVING EFFECT TO ANY SUCH EXTENSION (SUCH
MATURITY DATE BEING CALLED THE "EXISTING MATURITY DATE").
THE PRINCIPAL AMOUNT
OF ANY OUTSTANDING LOANS MADE BY DECLINING LENDERS, TOGETHER WITH ANY ACCRUED
INTEREST THEREON AND ANY ACCRUED FEES AND OTHER AMOUNTS PAYABLE TO OR FOR THE
ACCOUNT OF SUCH DECLINING LENDERS HEREUNDER, SHALL BE DUE AND PAYABLE ON THE
EXISTING MATURITY DATE, AND ON THE EXISTING MATURITY DATE THE BORROWER SHALL
ALSO MAKE SUCH OTHER PREPAYMENTS OF LOANS PURSUANT TO SECTION 2.10 AS SHALL BE
REQUIRED IN ORDER THAT, AFTER GIVING EFFECT TO THE TERMINATION OF THE
COMMITMENTS OF, AND ALL PAYMENTS TO, DECLINING LENDERS PURSUANT TO THIS
SENTENCE, THE SUM OF THE TOTAL REVOLVING CREDIT EXPOSURES PLUS THE AGGREGATE
PRINCIPAL AMOUNT OF OUTSTANDING COMPETITIVE LOANS WOULD NOT EXCEED THE TOTAL
COMMITMENTS.
(D)
NOTWITHSTANDING THE FOREGOING PROVISIONS OF THIS SECTION 2.21, THE BORROWER
SHALL HAVE THE RIGHT, PURSUANT TO SECTION 2.18(B), AT ANY TIME PRIOR TO THE
EXISTING MATURITY