Common use of Acceptance by Borrower Clause in Contracts

Acceptance by Borrower. The Borrower may accept or reject any Competitive Bid; provided, that (i) the aggregate amount of the Competitive Bids accepted by the Borrower shall not exceed the aggregate amount of the requested Competitive Bid Borrowing specified in the related Competitive Bid Request, and (ii) the aggregate amount of all Competitive Bid Loans, after giving effect to the loans to be made after such Competitive Bids are accepted, (A) would not exceed the Competitive Bid Loan Limit, and (B) together with all Revolving Credit Exposure outstanding at such time would not exceed the Aggregate Revolving Commitment Amount.