Common use of Acceptance and Notice by the Company Clause in Contracts

Acceptance and Notice by the Company. Subject to the receipt of the notice from the Administrative Agent referred to in Section 2.18(e), not later than 11:00 a.m. on the proposed date of borrowing (or, in any such case upon reasonable prior notice to the Lenders, such later time as the Company and the Administrative Agent may agree), the Company shall notify the Administrative Agent of the Company’s acceptance or rejection of the offers so notified to it pursuant to Section 2.18(e); provided, however, that the failure by the Company to give such notice to the Administrative Agent shall be deemed to be a rejection of all such offers. In the case of acceptance, such notice (a “Competitive Bid Borrowing Notice”) shall specify the aggregate principal amount of offers for each Bid Interest Period that are accepted. The Company may accept or reject any Bid Quote in whole or in part (subject to the terms of Section 2.18(d)(ii)(C)); provided that: (i) the aggregate principal amount of all Bid Absolute Rate Loans may not exceed the applicable amount set forth in the related Bid Quote Request; (ii) acceptance of offers may only be made on the basis of ascending Bid Absolute Rates; and (iii) the Company may not accept any offer of the type described in Section 2.18(d)(iii) or that otherwise fails to comply with the requirements of this Agreement for the purpose of obtaining a Bid Absolute Rate Loan under this Agreement.

Acceptance and Notice by the Company. Subject to the receipt of the notice from the Administrative Agent referred to in Section 2.18(e)2.22.5, not later than 11:00 10:00 a.m. (Chicago time) on the proposed date of borrowing (or, in any such case upon reasonable prior notice to the Lenders, such later time as the Company and the Administrative Agent may agree)borrowing, the Company shall notify the Administrative Agent of the Company’s 's acceptance or rejection of the offers so notified to it pursuant to Section 2.18(e)2.22.5; provided, however, that the failure by the Company to give such notice to the Administrative Agent shall be deemed to be a rejection of all such offers. In the case of acceptance, such notice (a “"Competitive Bid Borrowing Notice”") shall specify the aggregate principal amount of offers for each Bid Interest Period that are accepted. The Company may accept or reject any Bid Quote in whole or in part (subject to the terms of Section 2.18(d)(ii)(C2.22.4(ii)(c)); provided that: (ia) the aggregate principal amount of all Bid Absolute Rate Loans may not exceed the applicable amount set forth in the related Bid Quote Request; (iib) acceptance of offers may only be made on the basis of ascending Bid Absolute Rates; and (iiic) the Company may not accept any offer of the type described in Section 2.18(d)(iii2.22.4(iii) or that otherwise fails to comply with the requirements of this Agreement for the purpose of obtaining a Bid Absolute Rate Loan under this Agreement.

Acceptance and Notice by the Company. Subject to the receipt of the notice from the Administrative Agent referred to in Section 2.18(e)2.22.5, not later than 11:00 a.m. (New York City time) on the proposed date of borrowing (or, in any such case upon reasonable prior notice to the LendersBanks, such later time as the Company and the Administrative Agent may agree), the Company shall notify the Administrative Agent of the Company’s acceptance or rejection of the offers so notified to it pursuant to Section 2.18(e)2.22.5; provided, however, that the failure by the Company to give such notice to the Administrative Agent shall be deemed to be a rejection of all such offers. In the case of acceptance, such notice (a “Competitive Bid Borrowing Notice”) shall specify the aggregate principal amount of offers for each Bid Interest Period that are accepted. The Company may accept or reject any Bid Quote in whole or in part (subject to the terms of Section 2.18(d)(ii)(C2.22.4(ii)(c)); provided that: (ia) the aggregate principal amount of all Bid Absolute Rate Loans may not exceed the applicable amount set forth in the related Bid Quote Request; (iib) acceptance of offers may only be made on the basis of ascending Bid Absolute Rates; and (iiic) the Company may not accept any offer of the type described in Section 2.18(d)(iii2.22.4(iii) or that otherwise fails to comply with the requirements of this Agreement for the purpose of obtaining a Bid Absolute Rate Loan under this Agreement.