NOTICE (WHETHER TELEPHONIC OR WRITTEN) SHALL SPECIFY (I) WHETHER
THE BORROWERS ARE REQUESTING A COMMITTED BORROWING, A CONVERSION OF COMMITTED
LOANS FROM ONE TYPE TO THE OTHER, OR A CONTINUATION OF EURODOLLAR RATE LOANS,
(II) THE REQUESTED DATE OF THE BORROWING, CONVERSION OR CONTINUATION, AS THE
CASE MAY BE (WHICH SHALL BE A BUSINESS DAY), (III) THE PRINCIPAL AMOUNT OF
COMMITTED LOANS TO BE BORROWED, CONVERTED OR CONTINUED, (IV) THE TYPE OF
COMMITTED LOANS TO BE BORROWED OR TO WHICH EXISTING COMMITTED LOANS ARE TO BE
CONVERTED, (V) WHETHER THE BORROWING IS TO BE OF TERM LOANS OR REVOLVING LOANS,
(VI) THE BORROWER THAT WILL RECEIVE THE PROCEEDS OF THE BORROWING AND (VII) IF
APPLICABLE, THE DURATION OF THE INTEREST PERIOD WITH RESPECT THERETO.
IF THE
BORROWERS FAIL TO SPECIFY A TYPE OF COMMITTED LOAN IN A COMMITTED LOAN NOTICE OR
IF THE BORROWERS FAIL TO GIVE A TIMELY NOTICE REQUESTING A CONVERSION OR
CONTINUATION, THEN NEW BORROWINGS OF APPLICABLE COMMITTED LOANS SHALL BE MADE AS
BASE RATE LOANS AND PREVIOUSLY OUTSTANDING COMMITTED LOANS WILL CONTINUE AS THE
SAME TYPE WITH AN INTEREST PERIOD OF ONE MONTH.
IF THE BORROWERS REQUEST A
BORROWING OF, CONVERSION TO, OR CONTINUATION OF EURODOLLAR RATE LOANS IN ANY
SUCH COMMITTED LOAN NOTICE, BUT FAIL TO SPECIFY AN INTEREST PERIOD, THEY WILL BE
DEEMED TO HAVE SPECIFIED AN INTEREST PERIOD OF ONE MONTH.
(B)
FOLLOWING RECEIPT OF A COMMITTED LOAN NOTICE, THE ADMINISTRATIVE
AGENT SHALL PROMPTLY NOTIFY EACH LENDER THAT HOLDS A COMMITMENT FOR THE TYPE OF
LOAN REQUESTED OF THE AMOUNT OF ITS PRO RATA SHARE OF THE APPLICABLE COMMITTED
LOANS, AND IF NO TIMELY NOTICE OF A CONVERSION OR CONTINUATION IS PROVIDED BY
THE BORROWERS, THE ADMINISTRATIVE AGENT SHALL NOTIFY EACH APPLICABLE LENDER OF
THE DETAILS OF ANY AUTOMATIC CONTINUATION OF LOANS DESCRIBED IN THE PRECEDING
SUBSECTION.
IN THE CASE OF A COMMITTED BORROWING, EACH LENDER THAT HOLDS A
COMMITMENT FOR THE TYPE OF LOAN REQUESTED SHALL MAKE THE AMOUNT OF ITS COMMITTED
LOAN AVAILABLE TO THE ADMINISTRATIVE AGENT IN IMMEDIATELY AVAILABLE FUNDS AT THE
ADMINISTRATIVE AGENT'S OFFICE NOT LATER THAN 1:00 P.M. ON THE BUSINESS DAY
SPECIFIED IN THE APPLICABLE COMMITTED LOAN NOTICE.
UPON SATISFACTION OF THE
APPLICABLE CONDITIONS SET FORTH IN SECTION 4.02 (AND, IF SUCH BORROWING IS THE
INITIAL CREDIT EXTENSION, SECTION 4.01), THE ADMINISTRATIVE AGENT SHALL MAKE ALL
FUNDS SO RECEIVED AVAILABLE TO THE BORROWERS IN LIKE FUNDS AS RECEIVED BY THE
ADMINISTRATIVE AGENT BY CREDITING AN ACCOUNT OF THE BORROWERS ON THE BOOKS OF
THE ADMINISTRATIVE AGENT WITH THE AMOUNT OF SUCH FUNDS; PROVIDED, HOWEVER, THAT
IF, ON THE DATE THE COMMITTED LOAN NOTICE WITH RESPECT TO SUCH BORROWING IS
GIVEN BY THE BORROWERS, THERE ARE L/C BORROWINGS OUTSTANDING, THEN THE PROCEEDS
OF SUCH BORROWING, FIRST, SHALL BE APPLIED TO THE PAYMENT IN FULL OF ANY SUCH
L/C BORROWINGS, AND SECOND, SHALL BE MADE AVAILABLE TO THE BORROWERS AS PROVIDED
ABOVE.
(C)
EXCEPT AS OTHERWISE PROVIDED HEREIN, A EURODOLLAR RATE LOAN MAY BE
CONTINUED OR CONVERTED ONLY ON