Supercuts 2008 Annual Report Download - page 205

Company shall deliver to the Administrative Agent any request for designation of an Additional Offshore Currency in accordance with
Section 11.02 , to be received by the Administrative Agent not later than 11:00 a.m. at least ten Business Days in advance of the date of any
Borrowing hereunder proposed to be made in such Additional Offshore Currency. Upon receipt of any such request the Administrative Agent
will promptly notify the Lenders thereof, and each Lender will use its best efforts to respond to such request within two Business Days of receipt
thereof and any failure to respond in such time period shall be deemed to be a rejection thereof. Each Lender may grant or accept such request in
its sole discretion. The Administrative Agent will promptly notify the Company of the acceptance or rejection of any such request.
(c) In the case of a proposed Borrowing comprised of Loans denominated in an Additional Offshore Currency, the Lenders shall be under
no obligation to make Offshore Currency Loans in the requested Additional Offshore Currency as part of such Borrowing if the Administrative
Agent has received notice from any Lender by 2:00 p.m. four Business Days prior to the day of such Borrowing that such Lender cannot provide
Loans in the requested Additional Offshore Currency, in which event the Administrative Agent will give notice to the Company and the Lenders
no later than 9:30 a.m. on the third Business Day prior to the requested date of such Borrowing that the Borrowing in the requested Additional
Offshore Currency is not then available to all Lenders. If the Administrative Agent shall have so notified the Company that any such Borrowing
in a requested Additional Offshore Currency is not then available, the Company may, by notice to the Administrative Agent not later than
10:30 a.m. three Business Days prior to the requested date of such Borrowing, withdraw the Notice of Borrowing relating to such requested
Borrowing. If, prior to such time, the Company withdraws such Notice of Borrowing, the Borrowing requested therein shall not occur and the
Administrative Agent will promptly so notify each Lender. If, prior to such time, the Company does not withdraw such Notice of Borrowing and
does not request the making of a Swing Line Loan in such Additional Offshore Currency, the Administrative Agent will promptly so notify each
Lender and such Notice of Borrowing shall be deemed to be a Notice of Borrowing that requests a Borrowing comprised of Base Rate Loans in
an aggregate amount equal to the amount of the originally requested Borrowing as expressed in Dollars in such Notice of Borrowing, and in such
notice by the Administrative Agent to each Lender the Administrative Agent will state such aggregate amount of such Borrowing in Dollars and
such Lender's Pro Rata Share thereof.
(d) In the case of a proposed continuation of Offshore Currency Loans for an additional Interest Period pursuant to Section 2.04 , the
Lenders shall be under no obligation to continue such Offshore Currency Loans if the Administrative Agent has received notice from any of the
Lenders by 4:00 p.m. three Business Days prior to the day of such continuation that such Lender cannot continue to provide Loans in the
Offshore Currency, in which event the Administrative Agent will give notice to the Company not later than 9:00 a.m. on the second Business
Day prior to the requested date of such continuation that the continuation of such Offshore Currency Loans in the Offshore Currency is not then
available, and notice thereof also will be given promptly by the Administrative Agent to the Lenders. If the Administrative Agent shall have so
notified the Company that any such continuation of Offshore Currency Loans is not then available, any Notice of Borrowing with respect thereto
shall be deemed withdrawn and such Offshore Currency Loans shall be redenominated into Base Rate Loans in Dollars with effect from the last
day of the Interest Period with respect to any such Offshore Currency Loans. The Administrative Agent will promptly notify the Company and
the Lenders of any such redenomination and in such notice by the Administrative Agent to each Lender the Administrative Agent will state the
aggregate Dollar Equivalent amount of the redenominated Offshore Currency Loans as of the Computation Date with respect thereto and such
Lender's Pro Rata Share thereof.
(e) Notwithstanding anything herein to the contrary, during the existence of a Default or an Event of Default, upon the request of the
Required Lenders, all or any part of any outstanding Offshore Currency Loans shall be redenominated and converted into Base Rate Loans in
Dollars with
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