he

provisions of section 4. 7, the then outstanding principal amount of the loan

and the note, together with interest accrued therein to the date of such

prepayment.

section 2.7. interest rate on overdue principal

in the event of failure by the borrower to pay when due (whether upon stated

maturity, by acceleration or otherwise) any payments due under the loan or the

note, the borrower shall pay interest, to be paid upon demand, to the holder of

the note on the unpaid amounts from the date such payments were due to the date

of actual payment, (before as well as after judgment) for each day at a rate per

annum equal to the higher of (i) one percent (1%) above the interest rate

applicable to the loan for the interest period immediately preceding the failure

by the borrower to pay or (ii) two and one-half percent (2-1/2%) above the rate

at which dollar deposits were offered by the bank in the amount outstanding for

a one month period to prime banks in the london interbank market as of ll:00

a.m. (london time) on the date of such failure by the borrower to pay and on the

first business day of each succeeding one month period thereafter. the bank

shall give prompt written or telex notice to the borrower of the interest rate

in effect from time to time in accordance with the foregoing sentence. without

prejudice to the rights of the bank under this section and to the extent

permitted by applicable law, the borrower agrees to compensate the bank for any

loss or expense which the bank may sustain or incur as a consequence of the

failure by the borrower to pay when due any portion of the principal of or

interest accrued on the loan or the note, or any other amount payable hereunder,

including but not limited to any amounts payable by the bank in order to honor

its commitment or make or maintain the loan. a certificate of the bank setting

forth the basis for the determination of the amounts necessary to compensate the

bank as aforesaid in respect of such loss or expense shall be conclusive as to

such determination and such amounts.

section 2.8. computation; determination conclusive

all payments of interest shall be computed on the basis of a year of 360 days

for the actual number of days involved. each determination of any interest rate

by the bank shall be conclusive and binding on the parties hereto (save for

manifest

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