SECTION 1.4 Computation of Time Periods. In this Agreement, the Note and
the other Loan Documents, for the purpose of computing periods of time from a
specified date to a later specified date, the word "from" means "from and
including" and each of the words "to" and "until" means "to but excluding."
AMOUNTS AND TERMS OF THE ADVANCES
SECTION 2.1 The Advances. The Bank agrees, on the terms and conditions
set forth in this Agreement, to make Advances to the Borrower from time to time
on any Business Day during the period from the date of this Agreement until the
Termination Date in an aggregate amount not to exceed at any time outstanding
Five Hundred Million and No/100 Dollars ($500,000,000.00), as such amount may be
reduced pursuant to Section 2.5 (the "Commitment"). Each Base Rate Advance shall
be in an amount not less than $250,000.00; provided that a Base Rate Advance may
be in an amount equal to the entire unused Commitment if the entire unused
Commitment is less than $250,000.00. Subject to Section 2.2(b), each Eurodollar
Rate Advance and each Reference Rate Advance shall be in an amount not less than
$2,500,000.00. Within the limits of the Commitment, the Borrower may borrow,
prepay pursuant to Section 2.8 and reborrow under this Section 2.1.
SECTION 2.2 Making the Advances.
(a) Each Advance shall be made on notice given, with respect
to any proposed Base Rate Advance not later than 12:00 noon (New York City time)
on the Business Day of the proposed Advance and with respect to any proposed
Eurodollar Rate Advance or any proposed Reference Rate Advance not later than
12:00 noon (New York City time) three Business Days prior to the date of the
proposed Advance, by or on behalf of the Borrower to the Bank, specifying the
date and amount thereof and selecting the interest rate therefor pursuant to
Section 2.7 and, if such Advance is to be a Eurodollar Rate Advance or a
Reference Rate Advance, the initial Interest Period for such Advance. Not later
than 2:00 p.m. (New York City time) on the date of such Advance and upon
fulfillment of the applicable conditions set forth in Article III, the Bank will
make such Advance available to the Borrower in same day funds at the Bank's
address referred to in Section 8.2.
(b) Any other provision of this Agreement to the contrary
notwithstanding, the Borrower may not select the Eurodollar Rate or the
Reference Rate for any Advance if the principal amount of such Advance is less
than $2,500,000.00, unless, on the date of such Eurodollar Rate Advance or such
Reference Rate Advance, as the case may be, the Borrower also Converts one or
more Advances pursuant to Section 2.14 into an Advance of the same Type and
having the same Interest Period as such Eurodollar Rate Advance or such
Reference Rate Advance and the aggregate amount of such Advances so made and
Converted on such date is not less than $2,500,000.00.