Coach 2006 Annual Report Download - page 85

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2.7.2 Continuation of Type of Revolving Credit Loan. Any Revolving Credit Loan of any Type may be continued as a
Revolving Credit Loan of the same Type upon the expiration of an Interest Period with respect thereto by compliance by the Borrower with
the notice provisions contained in Section 2.7.1; provided that no Eurodollar Rate Loan may be continued as such when any Default or
Event of Default has occurred and is continuing, but shall be automatically converted to a Base Rate Loan on the last day of the first
Interest Period relating thereto ending during the continuance of any Default or Event of Default of which officers of the Administrative
Agent active upon the Borrower's account have actual knowledge. In the event that the Borrower fails to provide any such notice with
respect to the continuation of any Eurodollar Rate Loan as such, then such Eurodollar Rate Loan shall be automatically converted to a Base
Rate Loan on the last day of the first Interest Period relating thereto. The Administrative Agent shall notify the Lenders promptly when any
such automatic conversion contemplated by this Section 2.7 is scheduled to occur.
2.7.3 Eurodollar Rate Loans. Any conversion to or from Eurodollar Rate Loans shall be in such amounts and be made
pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of all Eurodollar Rate Loans having the same
Interest Period shall not be less than $1,000,000 or an integral multiple of $500,000 in excess thereof. No more than ten (10) Eurodollar Rate
Loans having different Interest Periods may be outstanding at any time.
2.7.4 Applicability of Conversion and Continuation Provisions. Notwithstanding anything to the contrary herein contained,
the provisions of this Section 2.7 shall not apply to Swing Line Loans.
2.8 Funds for Revolving Credit Loan.
2.8.1 Funding Procedures. Not later than 3:00 p.m. (New York time) on the proposed Drawdown Date of any Revolving Credit
Loans, each of the Lenders will make available to the Administrative Agent, at the Administrative Agent's Office, in immediately available
funds, the amount of such Lender's Commitment Percentage of the amount of the requested Revolving Credit Loans. Upon receipt from
each Lender of such amount, and upon receipt of the documents required by Sections 11 and 12 and the satisfaction of the other conditions
set forth therein, to the extent applicable, the Administrative Agent will make available to the Borrower the aggregate amount of such
Revolving Credit Loans made available to the Administrative Agent by the Lenders. The failure or refusal of any Lender to make available
to the Administrative Agent at the aforesaid time and place on any Drawdown Date the amount of its Commitment Percentage of the
requested Revolving Credit Loans shall not relieve any other Lender from its several obligation hereunder to make available to the
Administrative Agent the amount of such other Lender's Commitment Percentage of any requested Revolving Credit Loans.
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