Neiman Marcus 2003 Annual Report Download - page 227

(b) Each Notice of Interest Rate Election shall specify:
(i) the Group of Loans (or portion thereof) to which such notice applies;
(ii) the date on which the conversion or continuation selected in such notice is to be effective, which shall
comply with the applicable clause of Section 2.08(a);
(iii) if the Loans comprising such Group are to be converted, the new Type of Loans and, if the Loans resulting
from such conversion are to be Euro-Dollar Loans, the duration of the next succeeding Interest Period applicable thereto; and
(iv) if such Loans are to be continued as Euro-Dollar Loans for an additional Interest Period, the duration of
such additional Interest Period.
Each Interest Period specified in a Notice of Interest Rate Election shall comply with the provisions of the definition of Interest
Period.
(c) Promptly after receiving a Notice of Interest Rate Election from the Borrower pursuant to Section 2.08(a), the
Administrative Agent shall notify each Lender of the contents thereof and such notice shall not thereafter be revocable by the
Borrower.
(d) The Borrower shall not be entitled to elect to convert any Committed Loans to, or continue any Committed Loans
for an additional Interest Period as, Euro-Dollar Loans if (i) the aggregate principal amount of any Group of Euro-Dollar Loans
created or continued as a result of such election would be less than $5,000,000 or (ii) a Default shall have occurred and be continuing
when the Borrower delivers notice of such election to the Administrative Agent.
(e) If any Committed Loan is converted to a different Type of Loan, the Borrower shall pay, on the date of such
conversion, the interest accrued to such date on the principal amount being converted.
(f) A continuation or conversion pursuant to this Section 2.08(a) is not a Borrowing subject to Section 3.02.
Section 2.09. Fees.
(a) The Borrower shall pay to the Administrative Agent, for the account of the Lenders ratably in proportion to their
Credit Exposures, a facility fee calculated for each day at the Facility Fee Rate for such day (determined in accordance with the
Pricing Schedule) on the aggregate amount of the Credit Exposures on such day. Such facility fee shall accrue for each day from and
including the Effective Date to but excluding the day on which the Credit Exposures are reduced to zero.
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