PRINCIPAL INSTALLMENTS
IN INVERSE ORDER OF MATURITY.
SECTION 2.12.
MANDATORY PREPAYMENTS.
IF AT ANY TIME THE REVOLVING CREDIT
EXPOSURE OF ALL LENDERS EXCEEDS THE AGGREGATE REVOLVING COMMITMENT AMOUNT, AS
REDUCED PURSUANT TO SECTION 2.8 OR OTHERWISE, THE BORROWER SHALL IMMEDIATELY
REPAY SWINGLINE LOANS AND REVOLVING LOANS IN AN AMOUNT EQUAL TO SUCH EXCESS,
TOGETHER WITH ALL ACCRUED AND UNPAID INTEREST ON SUCH EXCESS AMOUNT AND ANY
AMOUNTS DUE UNDER SECTION 2.19.
EACH PREPAYMENT SHALL BE APPLIED FIRST TO THE
SWINGLINE LOANS TO THE FULL EXTENT THEREOF, SECOND TO THE BASE RATE LOANS TO THE
FULL EXTENT THEREOF, AND FINALLY TO EURODOLLAR LOANS TO THE FULL EXTENT
THEREOF.
IF AFTER GIVING EFFECT TO PREPAYMENT OF ALL SWINGLINE LOANS AND
REVOLVING LOANS, THE REVOLVING CREDIT EXPOSURE OF ALL LENDERS EXCEEDS THE
AGGREGATE REVOLVING COMMITMENT AMOUNT, THE BORROWER SHALL DEPOSIT IN AN ACCOUNT
WITH THE ADMINISTRATIVE AGENT, IN THE NAME OF THE ADMINISTRATIVE AGENT AND FOR
THE BENEFIT OF THE ISSUING BANK AND THE LENDERS, AN AMOUNT IN CASH EQUAL TO SUCH
EXCESS PLUS ANY ACCRUED AND UNPAID FEES THEREON TO BE HELD AS COLLATERAL FOR THE
LC EXPOSURE.
SUCH ACCOUNT SHALL BE ADMINISTERED IN ACCORDANCE WITH SECTION
2.22(G) HEREOF.
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SECTION 2.13.
INTEREST ON LOANS.
(A)
THE BORROWER SHALL PAY INTEREST ON EACH BASE RATE LOAN AT THE BASE RATE IN
EFFECT FROM TIME TO TIME AND ON EACH EURODOLLAR LOAN AT THE ADJUSTED LIBO RATE
FOR THE APPLICABLE INTEREST PERIOD IN EFFECT FOR SUCH LOAN, PLUS, IN EACH CASE,
THE APPLICABLE MARGIN IN EFFECT FROM TIME TO TIME.
(B)
THE BORROWER SHALL PAY INTEREST ON EACH SWINGLINE LOAN AT THE SWINGLINE
RATE IN EFFECT FROM TIME TO TIME.
(C)
WHILE AN EVENT OF DEFAULT EXISTS OR AFTER ACCELERATION, AT THE OPTION OF
THE REQUIRED LENDERS, THE BORROWER SHALL PAY INTEREST ("DEFAULT INTEREST") WITH
RESPECT TO ALL EURODOLLAR LOANS AT THE RATE OTHERWISE APPLICABLE FOR THE
THEN-CURRENT INTEREST PE­RIOD PLUS AN ADDITIONAL 2% PER ANNUM UNTIL THE LAST DAY
OF SUCH INTEREST PERIOD, AND THEREAFTER, AND WITH RESPECT TO ALL BASE RATE LOANS
AND ALL OTHER OBLIGATIONS HEREUNDER (OTHER THAN LOANS), AT THE RATE IN EFFECT
FOR BASE RATE LOANS, PLUS AN ADDITIONAL 2% PER ANNUM.
(D)
INTEREST ON THE PRINCIPAL AMOUNT OF ALL LOANS SHALL ACCRUE FROM AND
INCLUD­ING THE DATE SUCH LOANS ARE MADE TO BUT EXCLUDING THE DATE OF ANY
REPAY­MENT THEREOF.
INTEREST ON ALL OUTSTANDING BASE RATE LOANS SHALL BE
PAYABLE QUARTERLY IN ARREARS ON THE LAST DAY OF EACH MARCH, JUNE, SEPTEMBER AND
DECEMBER AND ON THE REVOLVING COMMITMENT TERMINATION DATE OR THE MATURITY DATE,
AS THE CASE MAY BE.
INTEREST ON ALL OUTSTANDING EURODOLLAR LOANS SHALL BE
PAYABLE ON THE LAST DAY OF EACH INTEREST PERIOD APPLICABLE THERETO, AND, IN THE
CASE OF ANY EURODOLLAR LOANS HAVING AN INTEREST PERIOD IN EXCESS OF THREE MONTHS
OR 90 DAYS, RESPECTIVELY, ON EACH DAY WHICH OCCURS EVERY THREE MONTHS OR 90
DAYS, AS THE CASE MAY BE, AFTER THE INITIAL DATE OF SUCH INTEREST PERIOD, AND ON