EURO-DOLLAR LOANS FOR AN ADDITIONAL INTEREST PERIOD, THE DURATION OF SUCH
ADDITIONAL INTEREST PERIOD.
Each Interest Period specified in a Notice of Interest Rate Election shall
comply with the provisions of the definition of Interest Period.
(C)
PROMPTLY AFTER RECEIVING A NOTICE OF
INTEREST RATE ELECTION FROM THE BORROWER PURSUANT TO SECTION 2.15(A), THE
ADMINISTRATIVE AGENT SHALL NOTIFY EACH BANK OF THE CONTENTS THEREOF AND SUCH
NOTICE SHALL NOT THEREAFTER BE REVOCABLE BY THE BORROWER.
(D)
THE BORROWER SHALL NOT BE ENTITLED TO ELECT
TO CONVERT ANY COMMITTED LOANS TO, OR CONTINUE ANY COMMITTED LOANS FOR AN
ADDITIONAL INTEREST PERIOD AS, CD LOANS OR EURO-DOLLAR LOANS IF (I) THE
AGGREGATE PRINCIPAL AMOUNT OF ANY GROUP OF CD LOANS OR EURO-DOLLAR LOANS CREATED
OR CONTINUED AS A RESULT OF SUCH ELECTION WOULD BE LESS THAN $10,000,000 OR
(II) A DEFAULT SHALL HAVE OCCURRED AND BE CONTINUING WHEN THE BORROWER DELIVERS
NOTICE OF SUCH ELECTION TO THE ADMINISTRATIVE AGENT.
(E)
IF ANY COMMITTED LOAN IS CONVERTED TO A
DIFFERENT TYPE OF LOAN, THE BORROWER SHALL PAY, ON THE DATE OF SUCH CONVERSION,
THE INTEREST ACCRUED TO SUCH DATE ON THE PRINCIPAL AMOUNT BEING CONVERTED.
(F)
THIS SECTION SHALL NOT APPLY TO SWINGLINE
LOANS.
SWINGLINE LOANS SHALL ACCRUE INTEREST AS BASE RATE LOANS AND THE
BORROWER MAY NOT AT ANY TIME ELECT TO CHANGE THE TYPE OF INTEREST RATE BORNE BY
THE SWINGLINE LOANS.
SECTION 2.17.
LETTERS OF CREDIT.
(A) GENERAL.
SUBJECT TO THE TERMS AND
CONDITIONS SET FORTH HEREIN, THE BORROWER MAY REQUEST THE ISSUANCE OF LETTERS OF
CREDIT FOR ITS OWN ACCOUNT, IN A FORM REASONABLY ACCEPTABLE TO THE
ADMINISTRATIVE AGENT AND THE APPLICABLE ISSUING BANK, AT ANY TIME AND FROM TIME
TO TIME DURING THE REVOLVING CREDIT PERIOD.
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(B)
NOTICE OF ISSUANCE, AMENDMENT, RENEWAL,
EXTENSION; CERTAIN CONDITIONS.
TO REQUEST THE ISSUANCE OF A LETTER OF CREDIT
(OR THE AMENDMENT, RENEWAL OR EXTENSION OF AN OUTSTANDING LETTER OF CREDIT), THE
BORROWER SHALL HAND DELIVER OR TELECOPY (OR TRANSMIT BY ELECTRONIC
COMMUNICATION, IF ARRANGEMENTS FOR DOING SO HAVE BEEN APPROVED BY THE APPLICABLE
ISSUING BANK) TO THE APPLICABLE ISSUING BANK AND THE ADMINISTRATIVE AGENT
(REASONABLY IN ADVANCE OF THE REQUESTED DATE OF ISSUANCE, AMENDMENT, RENEWAL OR
EXTENSION) A NOTICE REQUESTING THE ISSUANCE OF A LETTER OF CREDIT, OR
IDENTIFYING THE LETTER OF CREDIT TO BE AMENDED, RENEWED OR EXTENDED, AND
SPECIFYING THE DATE OF ISSUANCE, AMENDMENT, RENEWAL OR EXTENSION (WHICH SHALL BE
A DOMESTIC BUSINESS DAY), THE DATE ON WHICH SUCH LETTER OF CREDIT IS TO EXPIRE
(WHICH SHALL COMPLY WITH PARAGRAPH (C) OF THIS SECTION), THE AMOUNT OF SUCH
LETTER OF CREDIT, THE NAME AND ADDRESS OF THE BENEFICIARY THEREOF AND SUCH OTHER
INFORMATION AS SHALL BE NECESSARY TO PREPARE, AMEND, RENEW OR EXTEND SUCH LETTER
OF CREDIT.
IF REQUESTED BY THE APPLICABLE ISSUING BANK IN CONNECTION WITH ANY
REQUEST FOR A LETTER OF CREDIT, THE BORROWER ALSO SHALL SUBMIT A LETTER OF
CREDIT APPLICATION ON THE APPLICABLE ISSUING BANK'S STANDARD FORM (WITH SUCH
CHANGES THERETO AS MAY BE