SEC Filings

10-12G/A
AMSURG CORP filed this Form 10-12G/A on 11/03/1997
Entire Document
 
<PAGE>   12

         Rate, the Borrower may elect upon two (2) Business Days prior written
         notice and delivery to Agent 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 Period.  Two (2) Business Days prior to
         the expiration of any applicable LIBOR-Based Rate Period, the Borrower
         shall deliver to Agent a Notice of Interest Rate Election.  Should the
         Borrower fail to deliver such Notice of Interest Rate Election in a
         timely manner, then it shall be conclusively presumed that the
         Borrower has selected the Base Rate as the Applicable Interest Rate.

                 (e)      At any time, no more than ten (10) different
         LIBOR-Based Rate Periods may be applicable to the Term Notes and all
         Advances.

                 (f)      The Applicable Interest Rate shall be computed on the
         basis of a year of 360 days for the actual number of days elapsed.

                 (g)      The following provisions shall apply at any time that
         the LIBOR-Based Rate is applicable:

                          (i)       Increased Cost. If, as a result of any
                 change in applicable law, regulation, treaty or directive, in
                 the interpretation or application thereof or compliance by
                 Agent or any of the Lenders with any request or directive
                 (whether or not having the force of law) from any court or
                 governmental authority, agency or instrumentality:

                                    (A)    the basis of taxation of payments to
                          any of the Lenders of the principal of or interest on
                          any loan on which a LIBOR-Based Rate is applicable
                          (other than taxes imposed on the overall net income
                          of either of the Lenders) is changed;

                                    (B)    any reserve, special deposit or
                          similar requirements against assets of, deposits with
                          or for the account of, or credit extended by, Agent
                          or any of the Lenders are imposed, modified or deemed
                          applicable; or

                                    (C)    any other condition affecting this
                          Agreement or the LIBOR-Based Rate is imposed on Agent
                          or any of the Lenders or the London eurodollar
                          market;





                                    -12-