Audiovox 2012 Annual Report Download - page 199

(iii) Advances. Each U.S. Revolving Lender will make its U.S. Revolving Commitment Percentage of each
U.S. Revolving Loan borrowing available to the Administrative Agent for the account of the applicable Borrower, in
Dollars and in funds immediately available to the Administrative Agent, at the office of the Administrative Agent
specified in Section 9.2, or at such other office as the Administrative Agent may designate in writing, by 2:00 P.M. on the
date specified in the applicable Notice of Borrowing. Such borrowing will then be made available to the applicable
Borrower by the Administrative Agent by crediting the account of the applicable Borrower on the books of such office
(or such other account that the Company may designate in writing to the Administrative Agent) with the aggregate of
the amounts made available to the Administrative Agent by the U.S. Revolving Lenders and in like funds as received by
the Administrative Agent.
(c) Repayment. Subject to the terms of this Agreement, U.S. Revolving Loans may be borrowed, repaid and
reborrowed during the Commitment Period, subject to Section 2.7(a). The principal amount of all U.S. Revolving Loans shall be
due and payable in full on the Maturity Date, unless accelerated sooner pursuant to Section 7.2.
(d) Interest. Subject to the provisions of Section 2.8, U.S. Revolving Loans shall bear interest as follows:
(i) Alternate Base Rate Loans. During such periods as any U.S. Revolving Loans shall be comprised of
Alternate Base Rate Loans, each such Alternate Base Rate Loan shall bear interest at a per annum rate equal to the sum
of the Alternate Base Rate plus the Applicable Margin; and
(ii) LIBOR Rate Loans. During such periods as U.S. Revolving Loans shall be comprised of LIBOR Rate
Loans, each such LIBOR Rate Loan shall bear interest at a per annum rate equal to the sum of the LIBOR Rate plus the
Applicable Margin.
Interest on U.S. Revolving Loans shall be payable in arrears on each Interest Payment Date.
(e) Revolving Loan Notes; Covenant to Pay. The Borrowers' obligation to pay each U.S. Revolving Lender shall be
evidenced by this Agreement and, upon such U.S. Revolving Lender's request, by a duly executed promissory note
substantially the form of Exhibit 2.1(e).
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