MEANS "FROM AND INCLUDING" AND THE WORDS "TO"
AND "UNTIL" EACH MEAN "TO BUT EXCLUDING".
PERIODS OF DAYS REFERRED TO IN THIS
AGREEMENT SHALL BE COUNTED IN CALENDAR DAYS UNLESS BUSINESS DAYS ARE EXPRESSLY
PRESCRIBED.
ANY PERIOD DETERMINED HEREUNDER BY REFERENCE TO A MONTH OR MONTHS
OR YEAR OR YEARS SHALL END ON THE DAY IN THE RELEVANT CALENDAR MONTH IN THE
RELEVANT YEAR, IF APPLICABLE, IMMEDIATELY PRECEDING THE DATE NUMERICALLY
CORRESPONDING TO THE FIRST DAY OF SUCH PERIOD, PROVIDED, THAT IF SUCH PERIOD
COMMENCES ON THE LAST DAY OF A CALENDAR MONTH (OR ON A DAY FOR WHICH THERE IS NO
NUMERICALLY CORRESPONDING DAY IN THE CALENDAR MONTH DURING WHICH SUCH PERIOD IS
TO END), SUCH PERIOD SHALL, UNLESS OTHERWISE EXPRESSLY REQUIRED BY THE OTHER
PROVISIONS OF THIS AGREEMENT, END ON THE LAST DAY OF THE CALENDAR MONTH.
(E)
THE MEANINGS GIVEN TO TERMS DEFINED HEREIN SHALL BE EQUALLY APPLICABLE TO
BOTH THE SINGULAR AND PLURAL FORMS OF SUCH TERMS.
1.3.
EXCHANGE RATES.
(A)
NOT LATER THAN 1:00 P.M., NEW YORK CITY TIME, ON
EACH CALCULATION DATE, THE GENERAL ADMINISTRATIVE AGENT SHALL (I) DETERMINE THE
EXCHANGE RATE AS OF SUCH CALCULATION DATE WITH RESPECT TO EACH ALTERNATIVE
CURRENCY AND (II) GIVE NOTICE THEREOF TO THE COMPANY.
THE EXCHANGE RATES SO
DETERMINED SHALL BECOME EFFECTIVE ON THE FIRST BUSINESS DAY IMMEDIATELY
FOLLOWING THE RELEVANT CALCULATION DATE (A "RESET DATE"), SHALL REMAIN EFFECTIVE
UNTIL THE NEXT SUCCEEDING RESET DATE, AND SHALL FOR ALL PURPOSES OF THIS
AGREEMENT (OTHER THAN SUBSECTION 14.8 OR ANY OTHER PROVISION EXPRESSLY REQUIRING
THE USE OF A CURRENT EXCHANGE RATE) BE THE EXCHANGE RATES EMPLOYED IN CONVERTING
ANY AMOUNTS BETWEEN DOLLARS AND ALTERNATIVE CURRENCIES.
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(B)
NOT LATER THAN 5:00 P.M., NEW YORK CITY TIME, ON EACH RESET DATE (IF ANY
LOAN OR LETTER OF CREDIT DENOMINATED IN AN ALTERNATIVE CURRENCY IS TO BE
OUTSTANDING ON SUCH RESET DATE) AND EACH DATE ON WHICH LOANS OR LETTERS OF
CREDIT DENOMINATED IN ANY ALTERNATIVE CURRENCY ARE MADE OR ISSUED, AS THE CASE
MAY BE, THE GENERAL ADMINISTRATIVE AGENT SHALL (I) DETERMINE THE AGGREGATE
AMOUNT OF (X) THE TOTAL EXTENSIONS OF CREDIT THEN OUTSTANDING AND (Y) THE TOTAL
EXTENSIONS OF CREDIT OF EACH CLASS OF COMMITMENTS THEN OUTSTANDING (IN EACH
CASE, AFTER GIVING EFFECT TO ANY LOANS OR LETTERS OF CREDIT DENOMINATED IN
ALTERNATIVE CURRENCIES TO BE OUTSTANDING ON SUCH DATE) AND (II) NOTIFY THE
LENDERS AND THE COMPANY OF THE RESULTS OF SUCH DETERMINATION.
SECTION 2.
AMOUNT AND TERMS OF COMMITMENTS
2.1.
COMMITMENTS.
(A)
SUBJECT TO THE TERMS AND CONDITIONS HEREOF, EACH US/UK
LENDER SEVERALLY AGREES TO MAKE REVOLVING CREDIT LOANS (THE "US/UK LOANS") IN
ANY US/UK COMMITTED CURRENCY TO ANY US/UK BORROWER FROM TIME TO TIME DURING THE
COMMITMENT PERIOD IN AN AGGREGATE PRINCIPAL AMOUNT AT ANY ONE TIME OUTSTANDING
THAT WILL NOT RESULT IN (I) SUCH US/UK LENDER'S US/UK REVOLVING CREDIT EXPOSURE
EXCEEDING THE AMOUNT OF SUCH US/UK LENDER'S US/UK COMMITMENT (LESS THE AMOUNT BY
WHICH THE COMPETITIVE LOANS OUTSTANDING AT SUCH TIME SHALL BE