PREPAYMENT.
IF SUCH
NOTICE IS GIVEN BY ANY BORROWER, SUCH BORROWER SHALL MAKE SUCH PREPAYMENT AND
THE PAYMENT AMOUNT SPECIFIED IN SUCH NOTICE SHALL BE DUE AND PAYABLE ON THE DATE
SPECIFIED THEREIN.
(C)
IF FOR ANY REASON, AT ANY TIME, (I) THE TOTAL OUTSTANDINGS EXCEED
THE AGGREGATE BORROWING AVAILABILITY AT SUCH TIME, (II) THE OUTSTANDING TRANCHE
A LOANS EXCEED THE TRANCHE A BORROWING BASE, OR (III) THE OUTSTANDING TRANCHE B
LOANS EXCEED THE TRANCHE B BORROWING BASE, THE BORROWERS SHALL IMMEDIATELY
PREPAY THE APPLICABLE LOANS IN AN AGGREGATE AMOUNT OF SUCH EXCESS, AS
APPLICABLE.
2.05
TERMINATION OR REDUCTION OF COMMITMENTS.
THE BORROWERS MAY, UPON
NOTICE TO THE ADMINISTRATIVE AGENT, TERMINATE THE COMMITMENTS HEREUNDER, AND,
FROM TIME TO TIME, PERMANENTLY REDUCE THE AGGREGATE COMMITMENT AMOUNT; PROVIDED
THAT (I) ANY SUCH NOTICE SHALL BE RECEIVED BY THE ADMINISTRATIVE AGENT NOT LATER
THAN 11:00 A.M. FIVE (5) BUSINESS DAYS PRIOR TO THE DATE OF TERMINATION OR
REDUCTION, (II) ANY SUCH PARTIAL REDUCTION SHALL BE IN AN AGGREGATE AMOUNT OF
$5,000,000 OR ANY WHOLE MULTIPLE OF $1,000,000 IN EXCESS THEREOF, (III) THE
BORROWERS SHALL NOT TERMINATE OR REDUCE THE AGGREGATE COMMITMENTS IF, AFTER
GIVING EFFECT THERETO AND TO ANY CONCURRENT PREPAYMENTS HEREUNDER, THE TOTAL
OUTSTANDINGS WOULD EXCEED THE AGGREGATE COMMITMENT AMOUNT, (IV) IF, AFTER GIVING
EFFECT TO ANY REDUCTION OF THE AGGREGATE COMMITMENTS, THE SWINGLINE SUBLIMIT
EXCEEDS THE AGGREGATE COMMITMENT AMOUNT, SUCH SUBLIMIT SHALL BE AUTOMATICALLY
REDUCED BY THE AMOUNT OF SUCH EXCESS AND (V) IN THE CASE OF A PARTIAL
TERMINATION OR REDUCTION OF THE COMMITMENTS, THE AGGREGATE COMMITMENT AMOUNT
SHALL NOT BE LESS THAN $50,000,000.
THE ADMINISTRATIVE AGENT WILL PROMPTLY
NOTIFY THE LENDERS OF ANY SUCH NOTICE OF TERMINATION OR REDUCTION OF THE
AGGREGATE COMMITMENTS.
ANY REDUCTION OF THE AGGREGATE COMMITMENT AMOUNT SHALL
BE APPLIED TO THE COMMITMENT OF EACH LENDER ACCORDING TO ITS APPLICABLE
PERCENTAGE.
ALL FEES ACCRUED UNTIL THE EFFECTIVE DATE OF ANY TERMINATION OF THE
AGGREGATE COMMITMENTS SHALL BE PAID ON THE EFFECTIVE DATE OF SUCH TERMINATION.
2.06
REPAYMENT OF LOANS.
(A)
THE BORROWERS SHALL REPAY TO THE LENDERS ON THE MATURITY DATE THE
AGGREGATE PRINCIPAL AMOUNT OF REVOLVING LOANS OUTSTANDING ON SUCH DATE.
(B)
THE BORROWERS SHALL REPAY EACH SWINGLINE LOAN ON THE EARLIEST TO
OCCUR OF (I) THE MATURITY DATE OR (II) THE DATE REQUESTED BY THE SWINGLINE
LENDER WHICH SHALL NOT BE EARLIER THAN THE BUSINESS DAY IN WHICH THE BORROWERS
MAY REQUEST BASE RATE LOANS PURSUANT TO SECTION 2.02.
34
2.07
INTEREST.
(A)
SUBJECT TO THE PROVISIONS OF SUBSECTION (B) BELOW, (I) EACH FIXED
PERIOD EURODOLLAR LOAN SHALL BEAR INTEREST ON THE OUTSTANDING PRINCIPAL AMOUNT
THEREOF FOR EACH INTEREST PERIOD AT A RATE PER ANNUM EQUAL TO THE FIXED PERIOD
EURODOLLAR RATE FOR SUCH INTEREST PERIOD PLUS THE APPLICABLE RATE FOR THE
APPLICABLE TRANCHE, (II) EACH DAILY FLOATING EURODOLLAR LOAN SHALL BEAR INTEREST
ON THE OUTSTANDING PRINCIPAL AMOUNT THEREOF FROM THE APPLICABLE BORROWING DATE
TO THE DATE OF PAYMENT THEREOF AT A RATE PER ANNUM EQUAL TO THE DAILY FLOATING
EURODOLLAR RATE PLUS