Arrow Electronics 2013 Annual Report Download - page 144

in respect of L/C Obligations. Upon making each such calculation, the Administrative Agent will inform the Company and the Banks of the
results thereof.
(c) In the event that on any date the Administrative Agent calculates that (i) the aggregate amount of the Exposure of the
Banks exceeds the aggregate amount of the Revolving Commitments by more than 5%, or (ii) the Foreign Currency Exposure in respect of
any Currency exceeds the Foreign Currency Exposure Sublimit for such Currency, the Administrative Agent will give notice to such effect to
the Company. After receipt of any such notice, the Company will, as soon as practicable but in any event within five Business Days of receipt
of such notice, make or cause to be made such repayments or prepayments of Loans as shall be necessary to cause (i) the aggregate amount of
the Exposure of the Banks to no longer exceed the Revolving Commitments, or (ii) the Foreign Currency Exposure in any respect of any
Currency not to exceed the Foreign Currency Exposure Sublimit for such Currency.
(d) If at any time the Committed Exposure of any Bank exceeds such Bank’s Revolving Commitment, upon demand of
such Bank, the Company will within one Business Day prepay Loans in such amounts that after giving effect to such prepayment the
Committed Exposure of such Bank does not exceed its Revolving Commitment.
(e) Any prepayment required to be made pursuant to this subsection 8.11 shall be accompanied by payment of amounts
payable, if any, pursuant to subsection 8.8 in respect of the amount so prepaid.
8.12 Conversion and Continuation Options .
(a) By giving a Notice of Conversion, any Specified Borrower may elect from time to time (i) to convert such Specified
Borrower’s Committed Rate Eurocurrency Loans in Dollars to Committed Rate ABR Loans or (ii) to convert such Specified Borrower’s
Committed Rate ABR Loans to Committed Rate Eurocurrency Loans in Dollars. Upon receipt of any Notice of Conversion the Administrative
Agent shall promptly notify each relevant Bank thereof. All or any part of Committed Rate Eurocurrency Loans outstanding in Dollars or
Committed Rate ABR Loans may be converted as provided herein, provided that (i) no Committed Rate ABR Loan may be converted into a
Committed Rate Eurocurrency Loan when any Event of Default has occurred and is continuing and the Administrative Agent has or the
Required Banks have determined that such a conversion is not appropriate and (ii) no Committed Rate ABR Loan may be converted into a
Committed Rate Eurocurrency Loan after the date that is one month prior to the relevant Termination Date.
(b) By giving a Notice of Continuation, any Specified Borrower may continue all or any part of such Specified Borrower’s
Committed Rate Eurocurrency Loans as Committed Rate Eurocurrency Loans in the same Currency for one or more different additional
Interest Periods.
(c) Any Specified Borrower may convert Committed Rate Loans outstanding in Dollars or one Available Foreign Currency
to Committed Rate Loans in Dollars or a different Currency by repaying such Loans in the first Currency and borrowing Loans of such
different Currency in accordance with the applicable provisions of this Agreement.
(d) If any Specified Borrower shall fail to timely give a Notice of Continuation or a Notice of Conversion in respect of any
of such Specified Borrower’s Committed Rate Eurocurrency Loans with respect to which an Interest Period is expiring, such Specified
Borrower shall be deemed to have given a Notice of Continuation for an Interest Period of one month.
8.13 Minimum Amounts of Tranches. All borrowings of Committed Rate Loans and Swing Line Loans, all conversions and
continuations of Committed Rate Loans and all selections of Interest Periods shall be in such amounts and be made pursuant to such elections so that,
after giving effect thereto, the aggregate principal amount of (i) in the case of Eurocurrency Loans or Committed Rate Loans comprising each
Tranche in Dollars shall be not less than $5,000,000, (ii) in the case of ABR Loans or Committed Rate Loans comprising each Tranche in Dollars
shall not be less than $1,000,000 and (iii) Committed Rate Loans comprising each Tranche in any Available Foreign Currency shall