SEC Filings

10-12G
AMSURG CORP filed this Form 10-12G on 03/11/1997
Entire Document
 
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         Section 2.05  Required Payments.

                 (a)   Commencing on the tenth (10th) day of July, 1996, and on
         the tenth (10th) day of each consecutive month through and
         including June 10, 1998 the Borrower shall pay to Lender an amount
         equal to all then accrued interest.

                 (b)   Commencing on the tenth (10th) day of July, 1998, and
         on the tenth (10th) day of each consecutive month through and
         including May 10, 2002, the Borrower shall pay to Lender an amount
         equal to the product of: (i) the principal balance of the Revolving
         Credit Note as such exists on June 10, 1998, divided by (ii) 48, plus
         all then accrued interest.

                 (c)   On June 10, 2002 the Revolving Credit Note shall mature 
         and the Borrower shall pay to the Lender an amount equal to all
         outstanding  principal, plus all accrued interest.

         Section 2.06  Applicable Interest Rate.

                 (a)   With regard to the Revolving Credit Note and at the
         time that the Borrower requests an Advance, the Borrower shall
         deliver to Lender the Initial Notice of Interest Rate Election which
         shall be irrevocable, shall be in the form attached as Exhibit A, and
         shall set forth the following: (a) whether the selected interest rate
         is the Base Rate or the LIBOR-Based Rate, and (b) if the interest rate
         selected is the LIBOR-Based Rate, the maturity selected for the
         LIBOR-Based Rate Period.  In the event that the Borrower shall fail to
         deliver this Initial Notice of Interest Rate Election, then it shall be
         conclusively presumed that the Borrower has elected the Base Rate.

                 (b)   With regard to the Term Note and upon the Closing Date,
         the Borrower shall advise the Lender in writing: (a) whether the
         applicable interest on the Term Note is the Base Rate or the
         LIBOR-Based Rate, and (b) if the interest rate selected is the
         LIBOR-Based Rate, the maturity selected for the LIBOR-Base Rate Period.

                 (c)   At any time that the outstanding principal balance of
         the Term Note or an Advance bears interest at the Base Rate, the
         Borrower may elect upon three (3) days prior written notice and
         delivery to Lender of a Notice of Interest Rate Election to convert the
         Applicable Interest Rate to a LIBOR-Based Rate.

                 (d)   Once the Borrower has selected the LIBOR-Based Rate,
         such rate shall remain applicable until the expiration of the then 
         applicable LIBOR-Based Rate Interest Period.  Three (3) days prior to 
         the expiration of any applicable LIBOR-Based Rate Period, the Borrower
         shall deliver to Lender a Notice of





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