Neiman Marcus 2003 Annual Report Download - page 228

(b) The Borrower shall pay to the Administrative Agent (i) for the account of the Lenders ratably a letter of credit fee
accruing daily on the aggregate undrawn amount of all outstanding Letters of Credit at a rate per annum equal to the Euro-Dollar
Margin for such day and (ii) for the account of each Issuing Bank a letter of credit fronting fee accruing daily on the aggregate amount
then available for drawing under all Letters of Credit issued by such Issuing Bank at a rate per annum as mutually agreed between the
Borrower and such Issuing Bank.
(c) Fees accrued for the account of the Lenders under this Section shall be payable quarterly in arrears on each
Quarterly Payment Date and on the day on which the Commitments terminate in their entirety (and, if later, on the day on which the
Credit Exposures are reduced to zero).
Section 2.10. Termination or Reduction of Commitments.
(a) The Borrower may, upon at least three Domestic Business Days notice to the Administrative Agent, (i) terminate
the Commitments at any time, if no Loans or Letter of Credit Liabilities are outstanding at such time, or (ii) ratably reduce from time
to time by an aggregate amount of $10,000,000 or any larger multiple of $1,000,000, the aggregate amount of the Commitments in
excess of the Total Outstanding Amount. Promptly after receiving a notice pursuant to this subsection, the Administrative Agent shall
notify each Lender of the contents thereof.
(b) Unless previously terminated, the Commitments shall terminate in their entirety on the Termination Date.
Section 2.11. Optional Prepayments.
(a) Subject in the case of Fixed Rate Loans to Section 2.13, the Borrower may (i) upon at least one Domestic Business
Days notice to the Administrative Agent, prepay any Group of Base Rate Loans (or any Competitive Bid Borrowing bearing interest at
the Prime Rate pursuant to Section 8.01) or (ii) upon at least three Euro-Dollar Business Days notice to the Administrative Agent,
prepay any Group of Euro-Dollar Loans, in each case in whole at any time, or from time to time in part in amounts aggregating
$5,000,000 or any larger integral multiple of $1,000,000, by paying the principal amount to be prepaid together with interest accrued
thereon to the date of prepayment. Each such optional prepayment shall be applied to prepay ratably the Loans of the several Lenders
included in such Group of Loans (or such Competitive Bid Borrowing).
(b) Except as provided in Section 2.11(a) or 2.17, the Borrower may not prepay all or any portion of the principal
amount of any Competitive Bid Loan before the maturity thereof without the express written consent of the Lender making such Loan.
(c) Promptly after receiving a notice of prepayment pursuant to this Section, the Administrative Agent shall notify each
Lender of the contents thereof and of such Lender's ratable share (if any) of such prepayment, and such notice shall not thereafter be
revocable by the Borrower.
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