OF EACH INTEREST PERIOD FOR ANY LIBOR RATE BORROWING,
SUCH BORROWING SHALL COMPRISE AN AGGREGATE PRINCIPAL AMOUNT THAT IS AN INTEGRAL
MULTIPLE OF $1,000,000 AND NOT LESS THAN $5,000,000.
EACH ABR BORROWING WHEN
MADE SHALL BE IN A MINIMUM PRINCIPAL AMOUNT OF $1,000,000; PROVIDED THAT AN ABR
BORROWING MAY BE MADE IN A LESSER AGGREGATE AMOUNT THAT IS EQUAL TO THE ENTIRE
UNUSED BALANCE OF THE TOTAL COMMITMENTS OR THAT IS REQUIRED TO FINANCE THE
REIMBURSEMENT OF AN LC DISBURSEMENT AS CONTEMPLATED BY SECTION 2.06(E).
BORROWINGS OF MORE THAN ONE TYPE AND CLASS MAY BE OUTSTANDING AT THE SAME TIME;
PROVIDED THAT THERE SHALL NOT AT ANY TIME BE MORE THAN A TOTAL OF TEN DIFFERENT
INTEREST PERIODS IN EFFECT FOR LIBOR RATE BORROWINGS AT ANY TIME OUTSTANDING.
(D) NOTWITHSTANDING ANY OTHER PROVISION OF THIS AGREEMENT, THE BORROWER SHALL
NOT BE ENTITLED TO REQUEST, OR TO ELECT TO CONVERT OR CONTINUE, ANY BORROWING IF
THE INTEREST PERIOD REQUESTED WITH RESPECT THERETO WOULD END AFTER THE MATURITY
DATE.
SECTION 2.03. REQUESTS FOR BORROWINGS.
TO REQUEST A BORROWING, THE BORROWER
SHALL NOTIFY THE AGENT OF SUCH REQUEST EITHER IN WRITING BY DELIVERY OF A
BORROWING REQUEST (BY HAND OR FACSIMILE) SIGNED BY THE BORROWER OR BY TELEPHONE
(A) IN THE CASE OF A LIBOR RATE BORROWING, NOT LATER THAN 11:00 A.M., NEW YORK
CITY TIME, THREE (3) BUSINESS DAYS (OR, IN THE CASE OF A LIBOR RATE BORROWING TO
BE MADE ON THE CLOSING DATE, TWO (2) BUSINESS DAYS) BEFORE THE DATE OF THE
PROPOSED BORROWING OR (B) IN THE CASE OF AN ABR BORROWING (INCLUDING ANY SUCH
NOTICE OF AN ABR BORROWING TO FINANCE THE REIMBURSEMENT OF AN LC DISBURSEMENT AS
CONTEMPLATED BY SECTION 2.06(E)), NOT LATER THAN 10:00 A.M., NEW YORK CITY TIME,
ON THE DATE OF THE PROPOSED BORROWING.
EACH SUCH TELEPHONIC BORROWING REQUEST
SHALL BE IRREVOCABLE AND SHALL BE CONFIRMED PROMPTLY BY HAND DELIVERY OR
FACSIMILE TO THE AGENT OF A WRITTEN BORROWING REQUEST SIGNED BY THE BORROWER.
EACH SUCH TELEPHONIC AND WRITTEN BORROWING REQUEST SHALL SPECIFY THE FOLLOWING
INFORMATION IN COMPLIANCE WITH SECTION 2.01:
(I) THE AGGREGATE AMOUNT OF THE REQUESTED BORROWING.
(II) THE DATE OF SUCH BORROWING, WHICH SHALL BE A BUSINESS DAY;
(III) WHETHER SUCH BORROWING IS TO BE AN ABR BORROWING OR A LIBOR RATE
BORROWING;
(IV) IN THE CASE OF A LIBOR RATE BORROWING, THE INITIAL INTEREST PERIOD TO BE
APPLICABLE THERETO, WHICH SHALL BE A PERIOD CONTEMPLATED BY THE DEFINITION OF
THE TERM "INTEREST PERIOD"; AND
(V) THE LOCATION AND NUMBER OF THE BORROWER'S ACCOUNT TO WHICH FUNDS ARE TO BE
DISBURSED.
If no election as to the Type of Borrowing is specified, then the requested
Borrowing shall be an ABR Borrowing.
If no Interest Period is specified with
respect to any requested LIBOR Rate Borrowing, then the Borrower shall be deemed
to have selected an Interest Period of one month's duration.
Promptly following
receipt of a Borrowing Request in accordance with this Section, the Agent shall
advise each Lender of the